Today our guest is Scott Schaefer, Chartered Accountant, Consumer Proposal Administrator, and Trustee in Bankruptcy at Hoyes, Michalos and Associates to discuss the roles of specific parties during a bankruptcy and consumer proposal.  Scott explains the meaning of a debtor, creditor, and trustee, and breaks down the filing process, step by step.

Scott also explains the role of the trustee.  Who does the trustee really work for?  We cover that question in the second and third segments.

In the final Let’s Get Started segment Scott tells a success story.