Sentences with phrase «proposal under the bankruptcy»

Consumer Proposals under the Bankruptcy and Insolvency Act require payment toward your unsecured debts but not the full payment amount.

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

Not exact matches

A consumer proposal is a legal proceeding under the Bankruptcy and Insolvency Act that provides a stay of proceedings that immediately stops all creditor actions including most wage garnishments and calls from creditors and collection agencies.

The reason is simple, if the alternative to a Consumer Proposal is Bankruptcy, the creditors will choose to compromise, as they would end up receiving less under a bBankruptcy, the creditors will choose to compromise, as they would end up receiving less under a bankruptcybankruptcy.

Filed under the Bankruptcy & Insolvency Act, a proposal is the only debt settlement program regulated by the federal government.

A consumer proposal is a legal consumer credit proposal filed under the Bankruptcy & Insolvency Act where you make an offer to your creditors to settle your debts for less than you owe.

Two possible student relief alternatives under the Bankruptcy and Insolvency Act include a consumer proposal or bBankruptcy and Insolvency Act include a consumer proposal or bankruptcybankruptcy.

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.

In the context of proposals or bankruptcy, a creditor is a person having a claim provable under the Act.

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 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 bankruptcy including what the key differences are between these two options available under the Bankruptcy and Insolvency Act Bankruptcy and Insolvency Act in Canada.

During your bankruptcy, it is an offence under the Bankruptcy and Insolvency Act to obtain credit without disclosing the fact that you are an undischarged bankrupt or in a consumerbankruptcy, it is an offence under the Bankruptcy and Insolvency Act to obtain credit without disclosing the fact that you are an undischarged bankrupt or in a consumerBankruptcy and Insolvency Act to obtain credit without disclosing the fact that you are an undischarged bankrupt or in a consumer proposal.

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

The Official Receiver, among other things, accepts the documents that are filed in proposals to creditors and personal bankruptcy processes, examines bankrupts under oath and chairs meetings of creditors.

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.

The trustee will then electronically send the consumer proposal to the Office of the Superintendent of Bankruptcy and you are under the protection you need from your debts.

A proposal, under the Bankruptcy and Insolvency Act (BIA), is a formal offer from you to your creditor.

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 bBankruptcy & Insolvency Act, filing a consumer proposal provides you with the same protections you would receive in a bankruptcy, without filing for bbankruptcy, without filing for bankruptcybankruptcy.

The other major impact of this ruling is that license plate renewals can not be withheld over an unpaid 407ETR debt if you are a discharged debtor because all 407ETR debts are dischargeable under a bankruptcy proceeding or consumer proposal.

A consumer proposal is an option under the Bankruptcy and Insolvency Act to make a deal with your creditors to settle your debts for less than you owe.

Bankruptcy (or a consumer proposal) is not for everyone, but for 1 in 6 Canadians a procedure under the BIA is the legal option of choice when dealing with debt.

The creditor then either picks $ 0.00 under Bankruptcy or the settlement proposal under Debt Settlement.

Filing a consumer proposal or bankruptcy creates an automatic «stay of proceedings» under federal law.

What kind of debt you owe to them, how much you owe them, how much you've paid to them in the past, what your current budget looks like, what assets you have, what your employment income is, and what kind of employment income you have can impact what may happen under a bankruptcy to how much you would need to offer in a consumer proposal.

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.

If your unsecured debts exceed this amount, talk to us about a Division I proposal which is also an option available to consumers under the Bankruptcy & Insolvency Act.

Scott Terrio: Right, so a consumer proposal is a legal alternative to bankruptcy, that's usually my catch, you know, answer and, you know, it's under the bankruptcy act but it's not bankruptcy.

Because it is filed under the Bankruptcy and Insolvency Act, a consumer proposal still stops collection calls and all legal actions by your creditors.

You just mentioned something, a collection that could have been signed to a third party collection agency, public records such as judgment, insolvencies, bankruptcies, consumer proposals, registered leans, right from when a bank puts a lean on a vehicle for instance, that should be showing under the PPSA regulations in Ontario.

As a legal option under the Bankruptcy & Insolvency Act you get protection from creditor actions during the proposal process.

A consumer proposal is a formal, legal debt settlement program available under the Bankruptcy and Insolvency Act.

However, by getting your unsecured debts under control with a consumer proposal or bankruptcy, you are likely in a much better position to afford the mortgage and car payments going forward.

In that case then yes, you should look at filing a proposal or personal bankruptcy under the Bankruptcy & Insolbankruptcy under the Bankruptcy & InsolBankruptcy & Insolvency Act.

If, however, you do not satisfy certain waiting periods under federal law, then your student loan debt will survive your bankruptcy or your consumer proposal.

A consumer proposal is a formal debt settlement process under the Bankruptcy and Insolvency Act which means it provides you with the benefit of a stay of proceedings that stops most garnishments.

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.

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 estatebankruptcy 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 estateBankruptcy and Insolvency Act, and we are proud to have a large, and growing, team of qualified insolvency counselors and insolvency estate managers.

Under bankruptcy law, student debt can not be discharged (eliminated) in a bankruptcy or consumer proposal, unless the individual has been out of school for at least seven years.

Under the new rules, a student loan is automatically discharged in a bankruptcy, or a consumer proposal, if you «ceased to be a student» for more than seven years prior to filing (the old rule was a ten year rule).

under the Bankruptcy and Insolvency Act, you file a consumer proposal, you get an automatic stay if proceedings, which means no legal actions can continue or be commenced against you until we figure out what's happening with 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 mBankruptcy & Insolvency Act, filing a consumer proposal provides you with the same protections you would receive in a bankruptcy,... Read mbankruptcy,... Read more»

An incorporated business can file bankruptcy, make a Division I Proposal or file something called a CCAA Plan of Arrangement under the Companies» Creditors Arrangement Act.

Less severe than personal bankruptcy, a proposal is an offer to all of an individual's creditors to pay a portion of debt under a strict plan over a maximum of five years.

While the government is, for the most part, treated as another creditor in consumer debt solutions, such as a consumer proposal or personal bankruptcy, CRA does have additional collection powers, granted to it under our tax laws.

Emphasizing Practical and Responsive Solutions to their Clients» Problems - Assisting in Proposal Proceedings Under the Bankruptcy and Insolvency Act

«reorganization» means a court order made under section 248, an order made under the Bankruptcy and Insolvency Act (Canada) or an order made under the Companies Creditors Arrangement Act (Canada) approving a proposal.

(iv) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or

(i) an application for a bankruptcy filed against the licensee business, (ii) an assignment in bankruptcy made by the licensee business, (iii) a bankruptcy order made against the licensee business, (iv) a proposal under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangbankruptcy filed against the licensee business, (ii) an assignment in bankruptcy made by the licensee business, (iii) a bankruptcy order made against the licensee business, (iv) a proposal under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangbankruptcy made by the licensee business, (iii) a bankruptcy order made against the licensee business, (iv) a proposal under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangbankruptcy order made against the licensee business, (iv) a proposal under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors ArrangBankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act;

(i) an application for a bankruptcy order filed against the licensee, (ii) an assignment in bankruptcy made by the licensee, (iii) a bankruptcy order made against the licensee, (iv) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangbankruptcy order filed against the licensee, (ii) an assignment in bankruptcy made by the licensee, (iii) a bankruptcy order made against the licensee, (iv) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangbankruptcy made by the licensee, (iii) a bankruptcy order made against the licensee, (iv) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangbankruptcy order made against the licensee, (iv) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors ArrangBankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act;

(A) an application for a bankruptcy order filed against the business, (B) an assignment in bankruptcy made by the business, (C) a bankruptcy order made against the business, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangemebankruptcy order filed against the business, (B) an assignment in bankruptcy made by the business, (C) a bankruptcy order made against the business, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangemebankruptcy made by the business, (C) a bankruptcy order made against the business, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangemebankruptcy order made against the business, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors ArrangemeBankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act; or

(A) an application for a bankruptcy order filed against the applicant, (B) an assignment in bankruptcy made by the applicant, (C) a bankruptcy order made against the applicant, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangemebankruptcy order filed against the applicant, (B) an assignment in bankruptcy made by the applicant, (C) a bankruptcy order made against the applicant, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangemebankruptcy made by the applicant, (C) a bankruptcy order made against the applicant, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangemebankruptcy order made against the applicant, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors ArrangemeBankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act; or