Office of the Superintendent of Bankruptcy (OSB) announces change to the designation of insolvency professionals across Canada TORONTO – Wednesday, December 02, 2015 – The federally licensed professionals who administer debt relief services to consumers and companies across the country will have a new name.
Insolvency professionals get a new name: Licensed Insolvency Trustee
Can I still make a Consumer Proposal if I owe Canada Revenue Agency Taxes?
Yes, most amounts owed by you to Canada Revenue Agency (CRA) and various tax authorities can be included in your consumer proposal. The starting point of your consumer proposal (or an assignment in bankruptcy) is when you make a full disclosure of the totality of your debts.