Licensed Insolvency Trustee

Contact us today
for a free consultation

613.820.2100

Contact us today for
a free consultation

613.820.2100

Division 1 Proposal

J. WEBB & ASSOCIATES

This form of debt remedy is regulated by Division I, Part 3 of the Bankruptcy & Insolvency Act. It is very similar in nature to a Consumer Proposal in that it is a protective tool to regulate cash-flow in an advantageous manner. This form of Proposal is reserved for operating entities like a corporation or individuals with unsecured debt in excess of $250,000.00. Division I Proposals are much more complicated than Consumer Proposals and are largely regulated by Court applications in addition to the structure, rules, and regulations imposed by the Bankruptcy & Insolvency Act. Due to the procedural complexities involved in a Division I Proposal should you feel this remedy may be appropriate to your situation we strongly urge you to contact our office and speak to Jeff directly.

Get A Free Consultation

J. WEBB & ASSOCIATES

Address

1140 Morrison Drive, Suite 210
Ottawa, ON K2H 8S9

Email

jwebb@jwebbtrustee.com

Phone

613.820.2100

1-866.539.3328

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