If you're having financial difficulties and live in the Sackville area, call 1-888-PwC-Debt (1-888-792-3328) today to meet with one of our experts, or complete the ask a question form to send us a message and we'll get in contact with you.
Each individual bankruptcy case in Sackville, Nova Scotia is unique, and the costs of filing for bankruptcy will be too.
Below is a list of some of the costs you can expect to be responsible for:
A contribution to your bankruptcy estate. This contribution covers government filing fees, mailing costs, court fees and other administrative costs.
A portion of your “surplus income” into your estate. If you and your family make over a certain amount each year, you will lose a fraction of your earnings over that amount. Be sure to bring recent pay stubs to a licensed bankruptcy trustee first, as calculations of your surplus income can be complex.
You will lose your non-exempt assets. In Sackville, Nova Scotia most of your assets will be surrendered to a bankruptcy trustee in exchange for the elimination of your debts. However, you will be permitted to keep certain items. Consult a bankruptcy trustee in Sackville for a full list of exemptions in Sackville.
You will lose any tax refunds or GST credits you would normally receive. A bankruptcy trustee can explain this point in further detail.
You will lose any windfalls you receive or become entitled to during the bankruptcy. Examples of windfalls include lottery winnings, or an inheritance.
Basically the amount you pay will be determined by your family size, your assets and your monthly income.
For more information on the potential costs of bankruptcy in your area, contact us today. Our licensed bankruptcy trustees offer initial consultations free of charge, so that you can make sure you are making the right decisions.
