A buyer proposal is usually a lawfully binding arrangement amongst you and your creditors, facilitated by a Licensed Insolvency Trustee (LIT). It allows you to repay a percentage of your debts by manageable, interest-free payments around a period of as much as 5 years. Contrary to personal bankruptcy, which https://maroon-laundry-7c8.notion.site/Is-a-Consumer-Proposal-the-Right-Solution-for-Your-Debt-in-Toronto-157d1c19f57280439e6dffb42962f93d?pvs=4