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Division 1 Proposal
J.Webb & Associates
Call Us Anytime
613.820.2100
Division 1 Proposal
J.Webb & Associates
Book A Free Consultation
Call Us Anytime
613.820.2100
Division 1 Proposal is a Debt Remedy and is an alternative to Bankruptcy.
J.Webb & Associates – Serving Ottawa, Brockville, Belleville & Kingston
Licensed Insolvency Trustee
Consumer Proposal and Bankruptcy Trustee Ottawa
613.820.2100
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.
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Address
1140 Morrison Drive, Suite 210
Ottawa, ON K2H 8S9
jwebb@jwebbtrustee.com
Phone
613.820.2100 - Work
613-820-8384 - Fax
1-866.539.3328 - Tol Free
Hours Of Operation
Monday - Thursday 9:00 am - 5:00 pm.
Friday - By Appointment Only.
Saturday & Sunday - Closed.
J. WEBB & ASSOCIATES
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