This is a debt relief program for a business and/or corporation. Such repayment plan generally involves larger sums of money and allows debtor to reduce amount to be repaid to fraction of the original owed while immediately eliminating any ongoing collection activities against you including planned actions by CRA. Filing Notice of Intention (NOI) before going through formal process gives you time to work out the details of this type of proposal while keeping creditors off your back. Since there are stricter guidelines to follow when choosing this course of action, it is really important to analyze nature of business, financials, and type of ownership.
We will review all the necessary information and other available options to find your optimal solution!
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