Services - Le Groupe Boudreau Richard inc. - Articles : GBRI

By: Gbri - Le Groupe Boudreau Richard  09-12-2011
Keywords: bankruptcy, creditors

Proposal

Most of you heard about bankruptcy, but under certain circumstances, avoiding it could be advantageous. Proposal is an alternative, and consists in an offer to your creditors. This determines the proportion and timetable over which you are able to pay them. The details are elaborated in collaboration with a trustee, and conditions depend on your actual and future financial condition. All creditors will be invited to vote on whether they want the offer accepted or rejected.

Keywords: bankruptcy, creditors

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