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 Admini
consumer proposal can only be filed by a Licensed Insolvency Trustee acting in their capacity as a Consumer Proposal Admini
proposal can only be filed by a Licensed Insolvency Trustee
acting in their capacity
as a
Consumer Proposal Admini
Consumer Proposal Admini
Proposal 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 legi
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 legi
consumer 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.»