INVOLUNTARY INSOLVENCY NO FURTHER A MYSTERY

A purchaser proposal is a formal, lawfully binding process that is definitely administered by a Licensed Insolvency Trustee (LIT). During this process, the LIT will work along with you to create a "proposal"—a proposal to pay for creditors a proportion of what is owed to them, or prolong the time you have to pay back the debts, or both of those.