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Details, Fiction and insolvency trustee

A purchaser proposal is a formal, lawfully binding process that's administered by a Licensed Insolvency Trustee (LIT). Within this process, the LIT will work along with you to produce a "proposal"—an offer to pay for creditors a percentage of what's owed to them, or extend some time You will need to repay the debts, or both equally. The time peri

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