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Who can enter into a debt agreement?
A debt agreement can be proposed by a debtor who has:
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not been bankrupt, used a debt agreement or given an authority under Part X of the Bankruptcy Act in the last 10 years, |
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a moratorium on payment of debts, |
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unsecured debts of less than $75,075.00 (indexed), and |
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property not exempt under bankruptcy valued at less than $75,075.00 (indexed) |
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