Bankruptcy Sudbury - Beth Maynard & Associates Inc.

Bankruptcy Sudbury - Beth Maynard & Associates Inc. Serving the region of Greater Sudbury, Elliot Lake and Blind River We strive to help our clients make a fresh financial start.

Let’s find solutions together!

• Are you overwhelmed by personal financial difficulties?
• Do you use credit cards or borrow money to make it from one payday to the next?
• Are you getting second or third notices on bills?
• Are creditors or collection companies harassing you for payments?
• Are your wages being garnished? Beth Maynard, CIRP

Beth is a licensed trustee and also a member of the

Canadian Association of Insolvency and Restructuring Professionals (CAIRP). Beth would be pleased to meet with you, in person or by e-mail, to discuss your situation.

04/16/2012

bankruptcy, credit counselling trustee, Sudbury, Elliot Lake, Blind River

04/16/2012

Bankruptcy Fees

Usually Trustee’s charge a fee for the services provided to a debtor. How much is based on the type of file. The most common is a first-time bankrupt with no surplus income. It is very common for the fee to range from $1400 to $1800 with payments being spread out over a 9 month period. (ie: 200 down and 175 a month for 8 months). Also, GST credits and the tax refund for the year of filing also go to the Trustee. It is important to remember that the total amount a Trustee may retain for a first-time filer with no surplus is $1813.00. Therefore, no matter what your payment arrangement is with a Trustee, GST credits will continue to go to the Trustee after your discharge, until the total receipts in your file reaches this $1813.00. This includes payments made, assets sold, and taxes received. The amount for a second time bankrupt with no surplus is slightly higher. Remember to ask your Trustee about the GST credits and how it will impact your bankruptcy no matter what your “fee” payment is.

04/16/2012

Credit Counselling…Who am I calling?

We have all heard the tv or radio ads for credit counselling. Sometimes they have a celebrity endorsing the service or they are calling you unsolicited at home during supper. For many people, it can be hard to meet someone face to face because they feel embarrassed about having financial problems, so they call an anonymous person who promises to take all their financial worries away. However, like may other things in life, if it sounds too good to be true, it probably is. We have seen more and more people who have paid for months to these companies and are still getting calls from creditors, or have paid thousands of dollars and still have the same debt. When they call, they can’t get their questions answered and have no way of meeting the people who promised to help them. We have options for handling your debt and we will meet you in person and explain how these options affect you and will help you find the choice that best suits your circumstances. We offer free consultations in a confidential setting. For more information call Beth Maynard & Associates Inc. at 705-524-3034.

Address

Greater Sudbury, ON
P3A1Z6

Opening Hours

Monday 8:30am - 4:30pm
Tuesday 8:30am - 4:30pm
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm
Friday 8:30am - 4:30pm

Telephone

+17055243034

Website

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