Sentences with phrase «acting as consumer proposal»

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

Not exact matches

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

As a legal proceeding under the Bankruptcy & Insolvency Act, filing a consumer proposal provides you with the same protections you would receive in a bankruptcy, without filing for bankruptcy.

The role of the LIT is similar to a referee; the LIT's statutory duties owed to both creditors and the administration of the consumer proposal process prevent them from acting as a financial advocate for a consumer struggling with overwhelming debt.

LIT's are licensed by the federal government to act as administrators of consumer proposals and bankruptcies.

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 legiConsumer 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 legiconsumer proposal are set by legislation.

A consumer proposal was added to the Bankruptcy and Insolvency Act in Canada as a way to allow individual to make an offer to settle their debts with their creditors for less than they owe yet still receive the protection available under the Act.

So, a consumer proposal fundamentally is where we're acting as the administrator, the truest, the licensed trustee is acting as the administrator of the proposal.

As a legal proceeding under the Bankruptcy & Insolvency Act, filing a consumer proposal provides you with the same protections you would receive in a bankruptcy,... Read more»

A Canada consumer proposal is a formal debt settlement option available through the Bankruptcy & Insolvency Act and as a result is administered by the federal government.

Once your Consumer Proposal is filed, this will act as a «shield» between you and your creditors.

«Where a Realtor is acting as a facilitator, the government's proposal will ensure a high level of transparency and consumer protection.»