Next

Economic Rehabilitation:
Understanding the Growth in Consumer Proposals

Printable version : Economic Rehabilitation: Understanding the Growth in Consumer Proposals (PDF format, 449 KB), 54 pages

Table of Contents

1. Introduction
2. Methodological Approach
3. Context for the Study
4. The Legislative Framework
   1. Bankruptcy
   2. Division II Proposals
   3. Division I Proposals
5. Primary Causes of Insolvency and Nature of Debts and Assets
   1. Division II Consumer Proposals
   2. Division II Business Proposals
   3. Division I Proposals
   4. Consumer Bankruptcies
6. Prior Bankruptcies and Proposals
7. Success and Failure Rates of Division II Proposals
8. Percentage of Estate Recovered
9. Research Questions and Observations:
   1. Are the causes of financial distress a determinant of choice of proposal or bankruptcy?
   2. Does home ownership influence the decision regarding choice of proceeding?
   3. Is credit card debt a factor in consumer insolvency in Canada?
   4. Are bank loans a factor in consumer insolvency in Canada?
   5. Are finance company loans a factor in consumer insolvency in Canada?
   6. Are there differences in the amount of tax owing between proposal debtors and bankrupts?
   7. Are student loans a factor in consumer insolvency in Canada?
   8. What impact does the different timing period for rehabilitating one's credit rating have on the decision to make a proposal or not?
   9. Are there sociological reasons why consumer debtors may opt for proposals rather than bankruptcy, in terms of continuing stigma associated with bankruptcy?
   10. Has enhanced counselling at the commencement of the process had an impact on choice of insolvency proceeding?
   11. Will current proposed amendments encourage more debtors to undertake proposals?
10. Conclusion

Information on Downloading a PDF Reader
To access the Portable Document Format (PDF) version you must have a PDF reader installed. If you do not already have such a reader, there are numerous PDF readers available for free download or for purchase on the Internet:

• Adobe Reader
• Foxit Reader
• Xpdf
• eXPert PDF Reader

Next