Sentences with phrase «licensed insolvency trustees act»

A consumer proposal must be filed through a Licensed Insolvency Trustee acting as a consumer proposal administrator.

A consumer proposal can only be filed by a Licensed Insolvency Trustee acting in their capacity as a Consumer Proposal Administrator.

Not exact matches

The Bankruptcy and Insolvency Act (BIA) is the legislation by which licensed trustees administer bankruptcy files.

A consumer proposal is an option under the Bankruptcy and Insolvency Act to settle your debts for less than you owe and still receive the creditor protection only available through a Licensed Insolvency Trustee.

Licensed bankruptcy trustee Doug Hoyes, talks about why a consumer proposal is better than bankruptcy including what the key differences are between these two options available under the Bankruptcy and Insolvency Act in Canada.

In Canada only a Licensed Insolvency Trustee can administer a consumer proposal, which is a procedure available under the Bankruptcy and Insolvency Act.

A consumer proposal is a formal debt settlement option available in Canada under the Bankruptcy and Insolvency Act and filed with a Licensed Insolvency Trustee.

Under the Bankruptcy & Insolvency Act, the federal legislation that governs the bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is appointed.

One thing Troy was careful to note was that 4 Pillars does not file for bankruptcy (or consumer proposals) on clients» behalf, since only Licensed Insolvency Trustees (LIT) can do that, per Canada's Bankruptcy Insolvency Act.

These legal remedies for debt are done through a trustee who is licensed through the Bankruptcy and Insolvency Act.

Consumer proposal administrators are licensed trustees, registered with the federal government under the Bankruptcy and Insolvency Act and as such fees paid to a trustee for administering a consumer proposal are set by legislation.

Bankruptcy can only be filed by a licensed trustee in bankruptcy under the Bankruptcy and Insolvency Act (BIA) as set out by the Office of the Superintendent of Bankruptcy.

That's our show for today, full show notes can be found on our website at hoyes.com that's h - o - y - e-s-dot-com, including a link to the Ontario Limitations Act and a list of all of our Licensed Insolvency Trustees who can help you make a plan to deal with your old and your new debts.

The Act contains the rules and guidelines to be followed by all stakeholders: the Licensed Insolvency Trustee, the debtor, and... Read more»

In addition, only a licensed Trustee in Bankruptcy is authorized to file a consumer proposal under the Bankruptcy and Insolvency Act.

Our proposal administrators and bankruptcy trustees are licensed by the federal government to administer the legal remedies available under the Bankruptcy and Insolvency Act, and we are proud to have a large, and growing, team of qualified insolvency counselors and insolvency estateInsolvency Act, and we are proud to have a large, and growing, team of qualified insolvency counselors and insolvency estateinsolvency counselors and insolvency estateinsolvency estate managers.

The Act contains the rules and guidelines to be followed by all stakeholders: the Licensed Insolvency Trustee, the debtor, and the creditors.

If you have a family lawyer acting for you, discuss whether getting in touch with a Licensed Insolvency Trustee may be helpful.