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RATE YOUR KNOWLEDGE... on Bankruptcy and Consumer Proposal Credit unions face the prospect of member bankruptcy or consumer proposal every day. If you are a CEO, credit manager, lending officer or

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What is bankruptcy amp consumer proposals?

Bankruptcy and consumer proposals are legal processes for individuals in financial distress to manage their debts.

Who is required to file bankruptcy amp consumer proposals?

Individuals who are unable to pay their debts as they become due may be required to file for bankruptcy or propose a consumer proposal.

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Bankruptcy and consumer proposals can be filled out with the assistance of a licensed insolvency trustee.

What is the purpose of bankruptcy amp consumer proposals?

The purpose of bankruptcy and consumer proposals is to provide individuals with a fresh start financially and to distribute assets to creditors fairly.

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Bankruptcy and consumer proposals require information about the debtor's assets, liabilities, income, and expenses.

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