Cost of Bankruptcy in Vancouver

When determining what is going to be the total cost of a bankruptcy in Vancouver, British Columbia in your case, you should take into the account several different types of costs.

First, you must make a contribution to your bankruptcy estate to cover mailing costs, court fees, government filing fees, and other administrative costs.

Second, you must pay a share of your "surplus income" into your estate. If you and your family earn over a specific amount each month, you will lose a portion of your earnings over that amount.

You will also lose any tax refunds or GST credits you would normally receive during the bankruptcy period.

Finally, you will need to give in any windfalls you receive, or become entitled to during the process. Examples include inherited money, or a lottery winning.

The basic amount you will pay is based on several factors including your family size, your income, and your assets.

We recommend you to consult a Vancouver bankruptcy trustee for help with the numbers, since calculating your "surplus income", for example, can be quite a challenge. Our bankruptcy experts will explain you the Vancouver bankruptcy process, and provide detail information on cost of bankruptcy in Vancouver and on, specifically, total cost of filing bankruptcy in your case. Please, contact our bankruptcy office in Vancouver today and book for a free initial consultation.