Getting You Back on Track

The knowledgeable team of trustees at Risman and Zysman Inc. strive to enable insolvent businesses to continue operating by filing business proposals, also known as Division One proposals, thereby avoiding corporate bankruptcy. With the support of our trustees, struggling companies filing a Division One proposal are given the opportunity to restructure their operations and increase their profitability.

A section of the Bankruptcy and Insolvency Act, a Division One proposal allows two types of debtors a means of achieving debt relief without filing for bankruptcy: (a) insolvent businesses owing any amount of unsecured debt and (b) insolvent individuals owing over $250,000 in debt, excluding the mortgage on their home. With the support of a Risman and Zysman Inc. trustee, you can determine if filing a Division One proposal is the best course of action for you.

Noteworthy Advantages

A key advantage of filing a Division One proposal is that unsecured creditors must immediately cease all collection actions against you, including legal action. Our clients have peace of mind knowing that if their proposal is accepted and regular payments are made to their creditors, they are able to keep their assets. Another key benefit of a Division One proposal is that debts are paid off at a portion of their original amounts. With the guidance of the trustees at Risman and Zysman Inc. you can avoid filing for bankruptcy and regain your financial security.

Find out how you can be debt free in 5 years! Contact us for a confidential free consultation. Risman and Zysman Inc. – your trustee in Bankruptcy.

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