Tag "consumer proposal"
Bankruptcy
What are the Duties of a Licensed Insolvency Trustee and Why do You Need One?
A licensed insolvency trustee is a trained professional who oversees the filing bankruptcies and consumer proposals. These trustees are usually regulated by the Office of the Superintendent of Bankruptcy, which is a subsidiary branch of the federal government.
Bankruptcy
A Consumer Proposal as a Means of Curbing Bankruptcy
A consumer proposal is an agreement negotiated with your creditors in the presence of a licensed insolvency trustee serving as an alternative to bankruptcy. It is a legally binding agreement that provides a debtor with immunity from debt collectors and creditors.
