Answers to your concerns.
Customer proposals are quickly becoming the most debt that is popular solutions, and generally are frequently used instead of bankruptcy. This site will require a review of a few of the key concerns you may have about consumer proposals. If you’re wondering simple tips to register a consumer proposition, an authorized Insolvency Trustee (LIT) can explain every action associated with procedure. An LIT could be the only government-licensed expert who can register a customer proposition in your stead, and will also be in a position to respond to any concerns you may have.
Can I lose every thing if we file a customer proposition?
No, you shall maybe not. Whenever you file a customer proposition, your entire assets are protected from your own unsecured creditors. As these debts cannot be included in a consumer proposal if you own a home or a car, you will need to continue to make payments on your mortgage or car loan in order to keep them. Read More