Orderly payment of debt (OPD) is a program offered under the Bankruptcy and Insolvency Act and a viable alternative for someone who does not want to go as far as filing a bankruptcy, or a consumer proposal. While OPD is an excellent alternative in some situations, because Equifax treats a proposal in the same fashion [...]
Archive for July, 2006
posted by Bart Goth, Trustee in Bankruptcy @ Should I open a new bank account prior to filing a bankruptcy or proposal? While we always suggest you open a new bank account prior to filing a bankruptcy, or consumer proposal, there are really only three scenarios where it is necessary. If you owe money to the institutions you bank with. What can often [...]
