Have your debts become too difficult to manage? The Consumer Proposal is a debt relief solution available to certain people. It’s a negotiation where your Licensed Insolvency Trustee (LIT) comes to an agreement with your creditors regarding the conditions and monthly payments needed to repay your debts. Creditors can accept or decline the offer. If […]
The commitments of daily life and unexpected events can have negative impacts on your financial situation. When financial problems are not addressed on time, some people find themselves in a situation of over-indebtedness and do not know how to get out of it. There are different solutions (consumer proposal, debt consolidation, etc.) to eliminate your […]
Despite its negative connotation, corporate bankruptcy can be a solution for businesses that are struggling with debt. For companies that are no longer able to respect their financial obligations or that find themselves in a situation of over-indebtedness, commercial bankruptcy is a solution that helps you get rid of your debts and avoid any legal […]
Corporate bankruptcy is a legal process adopted under the Bankruptcy & Insolvency Act and consequently administered by a licensed insolvency trustee. When a business is unable to meet its financial obligations, applying for commercial bankruptcy will allow you to free yourself from creditors and start a new venture. […]
To answer this question, you will need to meet with one of our licensed insolvency trustees. Our trustee will oversee the legal process adopted under the Bankruptcy & Insolvency Act (BIA), while also managing the liquidation of your company’s assets for the creditors. […]