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

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This statement is true. The three routes available under the Bankruptcy and Insolvency Act are voluntary assignments (consumer proposals or assignments in bankruptcy) and involuntary bankruptcy.

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