Consumer Proposal

Consumer Proposal from Personal Bankruptcy Canada

By: Personal Bankruptcy Canada  10-07-2012
Keywords: bankruptcy

A consumer proposal is a legally binding agreement between a debtor and his or her creditors. Eligible Canadian residents who can still afford to repay some of their debts but are experiencing financial hardship work with a bankruptcy trustee to draft a proposal to pay a portion of their debts off within a specified amount of time. If the creditors approve the proposal, your debts are settled for less than what you owe.

Keywords: bankruptcy

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