BC Personal Proposals - Consumer Proposals; Avoiding BankruptcyThis PowerPoint presentation summarizes The way BC personal proposals work is that you meet with a trustee, who will use the information you provide to come up with a plan that will allow you to pay only a part of what you owe. BC personal proposals can:
To be acceptable, your creditors must receive a greater financial return under a personal proposal than if you go bankrupt. Often with BC personal proposals you can keep all of your assets. Once your personal proposal is filed, your creditors must stop all collection action and the trustee will deal with your creditors. Types of Personal ProposalsThere are two types of personal proposals available to individuals:
Both types of BC personal proposals give you a “stay of proceedings” or protection from your creditors.
Site design by http://ontario.bankruptcycanada.com/. Copyright © 2006 - 2007.
|
Toll Free: 310-0911 Overview:
Information: Ask a bankruptcy trustee; Is a Credit Counsellor a Better Choice? Bankruptcy Exemptions Personal Proposals Debt that is erased in a bankruptcy or a proposal; Credit Bureaus and Collection Agencies;
After Bankruptcy: Credit after bankruptcy or a proposal; Budgeting Spreadsheet. Forms:
Other Links:
|
