Everything about Toronto Bankruptcy Attorney
A trustee in bankruptcy (trustee) is accountable for administering the affairs with the bankrupt estate. This will involve, inter alia, making ready an inventory of existing assets, releasing belongings to the secured creditors, accumulating and liquidating existing assets, examining statements towards the property, and having to pay dividends to creditors in accordance While using the scheme of distribution in Segment 136 on the BIA.
Should you be driving on paying out your everyday bills, using a really hard time making it from paycheck to paycheck, or experiencing foreclosure or repossession, submitting bankruptcy may enable you to get away from unsustainable financial debt.
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Value – How are definitely the lawyer’s fees structured – hourly or flat rate? Is often a retainer demanded, or is it contingency centered? Will the law firm be able to provide you an estimate for the case?