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Phone: (604) 605-3335  Toll Free: (888) 850-6585

 

 

Boale, Wood and Company

Boale, Wood and Company

Licensed Insolvency Trustee

  • Our Company
    • Why Use Us
    • David Wood
  • Solutions
    • Personal Solutions
      • Alternatives to Bankruptcy
      • Consumer Proposal
      • Consumer Proposal vs. Debt Management Program
      • Division 1 Proposal
      • Personal Bankruptcy
      • Proposal Comparison
    • Corporate Solutions
      • Bankruptcy
      • Debt Restructuring
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      • Creditor Proposal
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  • Contact Us
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    • Vancouver Office
    • Surrey Office
    • Yukon Territory

Consumer Proposal and Division I Proposal Comparison

You may have heard that there are two types of proposals that can be filed under the Bankruptcy and Insolvency Act.  The consumer proposal is the most popular.  The Division I proposal is usually used for more complex matters or for those with debts exceeding $250,000.  What are the some of the similarities and some of the differences?  Below is a table outlining a comparison between the two types of proposals.  However, in both cases, it is a way to deal with debt and avoid bankruptcy and can only be administered by a Licensed Insolvency Trustee (“LIT”).

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Schedule a Free Consultation

Would you like to learn more about how a Consumer Proposal, a Division I Proposal, or even a Bankruptcy can help you to get out of debt? Offices throughout Metro Vancouver.

Call us, it’s not too late.

(604) 605-3335

(download a PDF copy of this comparison chart here)

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Phone: (604) 605-3335
Toll Free: (888) 850-6585
or use the Contact Form

We have offices located in Vancouver and Surrey.  We also provide services to residents and businesses in the Yukon Territory.

 

Looking for Forms?

We have a number of forms available for download here.

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