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proposal to creditors

Submitting a Consumer Proposal to Creditors

25 Aug 2020

A Licensed Insolvency Trustee explains to Mary and Paul that a Consumer Proposal might be the way to resolve their financial situation. The trustee tells them how a proposal is different from bankruptcy and what they need to do.

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Derek L. Chase, CPA, CA, LIT

Being able to offer debt help assistance to individuals and corporations on a more intimate basis was a driving force in completing a “second CPA” by becoming licensed by the Federal Government as a Licensed Insolvency Trustee (previously Trustee in Bankruptcy) in 1997. It is extremely satisfying to be able to witness lives change for the positive due to a restructuring of financial affairs.