When meeting with someone to discuss filing a consumer proposal, a common question is: How do you get paid? The answer is simple, the consumer proposal administrator fees are paid out of the consumer proposal.
The government sets rules on how much trustee’s can get paid. The trustee is paid $1,500 + 20% of the money paid to the creditors. This amount is set by legislation and can’t be increased. It doesn’t matter which trustee helps you, the fee will be the same.
For example, if you are making a proposal of $300 per month for 48 months, that is all you pay.
There are no hidden charges or up-front fees to file a consumer proposal. If you are meeting with someone and they require money just to meet with you, it’s best to call someone else. If they ask for money upfront, it’s best to call someone else.