5 Simple Statements About licensed insolvency trustee Explained

A shopper proposal is a proper, lawfully binding process that is definitely administered by a Licensed Insolvency Trustee (LIT). On this process, the LIT will function along with you to produce a "proposal"—an offer to pay creditors a share of what's owed to them, or lengthen time You must repay the debts, or equally. The expression of the shoppe

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