Filing For Bankruptcy
To make an assignment in bankruptcy or a proposal, one must engage a professional bankruptcy trustee.They are listed in the Yellow Pages and in the website of their professional organization. The Canadian Association of Insolvency and Restructuring Professionals: WWW.CAIRP.CA >> Service Nova Scotia, through ACCESS NOVA SCOTIA >> also provides advice and resources for managing your debt and putting forward a Consumer Proposal. THE BANKRUPTCY AND INSOLVENCY ACT >> sets out the rights and obligations of the various parties involved in bankruptcy or other insolvency proceedings. The Act also provides a system which enables debtors to make proposals to creditors to pay debts over time, usually at a reduced amount. |
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