Difference between revisions of "Assignments in Bankruptcy"
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In Canada, bankruptcy is governed by the federal [http://canlii.ca/t/7vcz ''Bankruptcy and Insolvency Act'']. There are actually three debtor remedies under the Act: | In Canada, bankruptcy is governed by the federal [http://canlii.ca/t/7vcz ''Bankruptcy and Insolvency Act'']. There are actually three debtor remedies under the Act: | ||
* assignments in bankruptcy
| * assignments in bankruptcy
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* [[Consumer and Ordinary Proposals|proposals]]
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* [[Consumer and Ordinary Proposals|orderly payment of debts]] (this remedy is not available in BC at this time)
| * [[Orderly Payment of Debts|orderly payment of debts]] (this remedy is not available in BC at this time)
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This section discusses assignments in bankruptcy. Usually this involves a client working with a licensed insolvency trustee and volunteering to declare bankruptcy. | This section discusses assignments in bankruptcy. Usually this involves a client working with a licensed insolvency trustee and volunteering to declare bankruptcy. | ||