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.
I explained that no,
as consumer proposals administrators, we are licensed by the Office of the Superintendent of Bankruptcy.
Not exact matches
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.
As part of your debt assessment, your Hoyes Michalos
Consumer Proposal Administrator will calculate any equity (or value) you have in your house, car or investments, and will ensure that the proposal you offer will be greater than the value of those
Proposal Administrator will calculate any equity (or value) you have in your house, car or investments, and will ensure that the
proposal you offer will be greater than the value of those
proposal you offer will be greater than the value of those assets.
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.