Glossary
Some useful definitions for your understanding.
A
Administrator of a Consumer Proposal
Affidavit/Sworn Statement
Asset (often called "Property")
Assignment in bankruptcy
Automatic discharge
B
Balance sheet
Bankruptcy
Budget (or Monthly Statement of Income and Expenses)
C
Certificate of Full Performance
Claim (Debt)
Commercial bankruptcy
Common-law partner
Consultation
Consumer proposal
Credit rating
Credit score
Creditor
Creditors' meeting
D
Debt consolidation
Debt Ratio
Debtor
Discharge judgement
Dividend
E
F
G
Garantor
Garnishment
H
I
Insolvent/Insolvency
Instant loan / Micro-loan
J
K
L
Legal entity
Liabilities
Licensed Insolvency Trustee
M
N
O
Office of the Superintendent of Bankruptcy
Ordinary administration
P
Personal Bankruptcy
Property
Prouvable Claim/Proof of Claim
Q
R
S
Secured loan
Short-Term Asset
Summary Bankruptcy
Surplus income
T
Tax debt/fiscal debt
U
Unseizable Property
V
Voluntary Deposit
W
X
Y
Z
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