What Does “Reasonable” Mean When You File a Consumer Proposal or Bankruptcy in Canada?
January 18th, 2010 by A Licensed Insolvency Trustee
There is a new trend in the insolvency world. The term “reasonable” has always been a part of our lexicon, but until recently, very few creditors were bothering to define it. That is all changing. When you offer your creditors a consumer proposal, (a legal procedure whereby you offer and your creditors agree to accept […]