When creditors receive notice of a consumer proposal from an insolvent debtor, they must demand a meeting or the proposal will be automatically accepted.

Name: When creditors receive notice of a consumer proposal from an insolvent debtor, they must demand a meeting or the proposal will be automatically accepted.
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Question

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If creditors do not request a meeting within a specified period, the consumer proposal is deemed accepted.

When Creditors Receive Notice of a Consumer Proposal from an Insolvent