Under the Bankruptcy and Insolvency Act,a person in financial difficulty has three distinct routes upon which a start toward a resolution of their problems can commence; two of them are voluntary,and one is involuntary.

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The Bankruptcy and Insolvency Act provides three options for a person in financial difficulty to start resolving their problems: two voluntary options (consumer proposal and bankruptcy) and one involuntary option (creditor-driven bankruptcy).

Under the Bankruptcy and Insolvency Act,a Person in Financial Difficulty