Proposal in bankruptcy

A proposal in bankruptcy is not a bankruptcy.

A proposal is when the insolvent debtor offers to repay, in whole or in part, the amounts owing to his creditors.

The two types of proposals are:

Applicability is determined by the amount of debt and also known as the reorganization proposal.

You have to send a copy of the proposal to your Insolvency Intake Centres.

Related links

Page details

Date modified: