proposal
proposal
An offer to creditors to settle one's debts under other than the existing terms (Ontario Bankruptcy Dictionary)

Under the Bankruptcy and insolvency Act there are two types of proposals that can be made. A proposal filed under Division I, which is applicable to companies and any individual who wants to avail himself of it. There are also "consumer proposals", which are a special type of proposal that a consumer can avail himself of but only if his debts, excluding mortgages on real property, do not exceed $75,000. One of the main features of a consumer proposal is that if the creditors do not accept the proposal, the person is not automatically bankrupt as in a Division I proposal. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • proposal — pro‧pos‧al [prəˈpəʊzl ǁ ˈpoʊ ] noun 1. [countable, uncountable] a plan or idea which is suggested formally to an official person, or when this is done: • The President is facing a battle to get Congress to accept his budget proposals. • I made a …   Financial and business terms

  • proposal — proposal, proposition denote something which is proposed to another for consideration. Proposal usually carries a clear suggestion of the act of proposing; thus, one receives a proposal, or entertains a proposal, or listens to a proposal. It also …   New Dictionary of Synonyms

  • Proposal — ist Teil folgender Begriffe oder Titel folgender Werke: Ein unmoralisches Angebot (Originaltitel: Indecent Proposal), US amerikanischer Spielfilm aus dem Jahr 1993 A Modest Proposal : For Preventing the Children of Poor People in Ireland… …   Deutsch Wikipedia

  • Proposal — may refer to:* Proposal (business) * Proposal of marriage * Proposals (play), a play by Neil Simon * The Proposal , an episode from The O.C. television show …   Wikipedia

  • proposal — [prə pōz′əl] n. 1. the act of proposing 2. a plan, action, etc. proposed 3. an offer of marriage SYN. PROPOSAL refers to a plan, offer, etc. presented for acceptance or rejection [the proposal for a decrease in taxes was approved ]; PROPOSITION,… …   English World dictionary

  • Proposal — Pro*pos al, n. [From {Propose}.] 1. That which is proposed, or propounded for consideration or acceptance; a scheme or design; terms or conditions proposed; offer; as, to make proposals for a treaty of peace; to offer proposals for erecting a… …   The Collaborative International Dictionary of English

  • proposal — I (report) noun analysis, appraisal, commentary, critical analysis, examination, in depth analysis, plan, summary, writing II (suggestion) noun design, draft, exhortation, idea, measure, motion, offer, overture, plan, possibility, presentation,… …   Law dictionary

  • proposal — 1650s, from PROPOSE (Cf. propose) + AL (Cf. al) (2); sense of offer of marriage is from 1749 …   Etymology dictionary

  • proposal — [n] suggestion, presentation for action angle, bid, big idea*, brain child*, design, feeler*, game plan*, idea, layout, motion, offer, outline, overture, pass, picture, pitch, plan, proffer, program, project, proposition, recommendation, scenario …   New thesaurus

  • proposal — ► NOUN 1) a plan or suggestion. 2) the action of proposing something. 3) an offer of marriage …   English terms dictionary

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