A purchaser proposal is a formal, lawfully binding process that is certainly administered by a Licensed Insolvency Trustee (LIT). Within this process, the LIT will get the job done with you to produce a "proposal"—a suggestion to pay creditors a proportion of what is owed to them, or prolong the https://insolvency-trustee12109.estate-blog.com/27443606/file-for-bankruptcy-yourself-no-further-a-mystery