{"id":12610,"date":"2025-10-06T12:18:14","date_gmt":"2025-10-06T19:18:14","guid":{"rendered":"https:\/\/www.sands-trustee.com\/?p=12610"},"modified":"2025-10-06T12:36:22","modified_gmt":"2025-10-06T19:36:22","slug":"division-1-proposals-business-debt","status":"publish","type":"post","link":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/","title":{"rendered":"Division 1 Proposals for Business Debt"},"content":{"rendered":"\r\n<p>A common misconception among business owners is that the only option to deal with a struggling business is bankruptcy or receivership, nothing in between. Business owners often feel they are at the mercy of their creditors or bank. The reality is that a Division 1 Proposal can be used to avoid business bankruptcy, stop a receivership and halt escalating collection action, lawsuits or bailiffs.<\/p>\r\n\r\n\r\n\r\n<p>Read on to learn more about how Division 1 Proposals can help to save a business.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-what-is-a-division-1-proposal\" class=\"wp-block-heading\"><strong>What is a Division 1 Proposal?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Debt settlement proposals for businesses are officially called Division 1 Proposals, which are an effective and flexible tool that can be used to eliminate\u00a0<a href=index-638.html>business debt<\/a>\u00a0and save your business.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>A Division 1 Proposal can only be filed through a Licensed Insolvency Trustee and is a binding agreement with the company\u2019s creditors to restructure their debts owing, usually by reducing amounts and\/or adjusting interest charges and timing of required payments.\u00a0<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>A key theme of a Division 1 Proposal is that it must offer creditors more than what they would receive if the business were to file a bankruptcy. The percentage of debt forgiveness and amount of debt repayment required under a Proposal often depends directly on the company\u2019s cashflow.<\/li>\r\n<\/ul>\r\n\r\n\r\n\n\n            <div class=\"background-block-wrapper grey\">\n            <div class=\"container\">\n                <div class=\"cols gap\">\n                                        <div class=\"col col-75\">\n    \n\r\n\r\n\r\n<h3><strong>Division 1 Proposals for Personal Debt<\/strong><\/h3>\r\n\r\n\r\n\r\n<p>While Division 1 Proposals are intended for businesses, they are also used by consumers who owe more than $250,000 in debt (excluding their mortgage).<\/p>\r\n\r\n\r\n\r\n<p>Most individuals who make a debt settlement proposal with a Licensed Insolvency Trustee do so by <a href=index-289.html>filing a Consumer Proposal<\/a>, but if your total unsecured debts are above $250,000 (excluding your mortgage), you would exceed the threshold for filing a Consumer Proposal and could instead file a Division 1 Proposal.<\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-center\" style=\"text-align: center\"><a href=index-618.html>Learn More About Qualifying for a Consumer Proposal<\/a><\/p>\r\n\r\n\r\n\n            <\/div>\n            <\/div>\n        <\/div>\n        <\/div>\n    \n\n\r\n\r\n\r\n<h2 id=\"h-how-does-a-division-1-business-proposal-work-for-businesses\" class=\"wp-block-heading\"><strong>How Does a Division 1 Business Proposal Work for Businesses?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>The Licensed Insolvency Trustee works with the owners of the company to draft a Proposal that presents a \u201cwin-win\u201d situation for both the business and its creditors. Typically, the creditors are asked to give up rights to the monies they are owed, in exchange for an offer by the company to pay a percentage of the total debt (i.e. so many cents on the dollar) over time or sometimes as a lump sum payment.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>In a successful Proposal, the company wins because it survives, free from the burden of its debts.<\/li>\r\n\r\n\r\n\r\n<li>The creditors win because they retain a customer and get some of their money repaid, whereas in a <a href=index-878.html>bankruptcy<\/a> they are likely to receive very little.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>If you are a business owner having difficulty paying yourself a salary from your business or are falling behind in debt payments or <a href=index-598.html>tax obligations<\/a> such as GST, employee source deductions, or income tax remittances, a Division 1 Proposal could be an option for your business.<\/p>\r\n\r\n\r\n\n<div class=\"cta-with-bg-image-content  white center no-bg-img\"   style=\" \">\n    <div class=\"gradient gradient-teal\" >\n        <div class=\"content\">\n            <h2>\n                <span>GET A FINANCIAL<\/span>\n                FRESH START            <\/h2>\n            <p>Book your free consultation with one of our experts and start living a debt-free life.<\/p>\n            <a href=index-279.html class=\"red-btn\">\n                BOOK YOUR FREE CONSULTATION            <\/a>\n        <\/div>\n    <\/div>\n<\/div>\n\r\n\r\n\r\n<h3 id=\"h-how-is-a-division-1-business-proposal-structured\" class=\"wp-block-heading\"><strong>How is a Division 1 Business Proposal Structured?<\/strong><\/h3>\r\n\r\n\r\n\r\n<p>Division 1 Business Proposals are normally structured as a payment plan over a set period of time, or sometimes as a one-time lump sum payment, however, Proposals can be flexible and as creative as needed \u2013 no one size fits all!\u00a0Since one of the few requirements is that the business\u2019 Proposal must offer more to creditors than a bankruptcy, this allows for a wide range of Proposal terms to be considered.<\/p>\r\n\r\n\r\n\r\n<p>As a Proposal is a transparent, legally-supervised process, there may be other circumstances where a Proposal can make sense, beyond solely helping a business continue as a going concern. For example:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>A Proposal could be used to wind down a company with the business owner in control, or to conclude non-profitable arms of a business.<\/li>\r\n\r\n\r\n\r\n<li>A Proposal could also be used to sell non-performing assets in an asset-rich, cash-flow poor scenario.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Before eroding your personal assets or net worth to finance your company obligations, talk with a local Licensed Insolvency Trustee confidentially at no cost to discuss your situation and business debt solutions.<\/p>\r\n\r\n\r\n\n<div class=\"cta-with-bg-image-content  white center no-bg-img\"   style=\" \">\n    <div class=\"gradient gradient-teal\" >\n        <div class=\"content\">\n            <h2>\n                <span>GET A FINANCIAL<\/span>\n                FRESH START            <\/h2>\n            <p>Book your free consultation with one of our experts and start living a debt-free life.<\/p>\n            <a href=index-279.html class=\"red-btn\">\n                BOOK YOUR FREE CONSULTATION            <\/a>\n        <\/div>\n    <\/div>\n<\/div>\n\r\n\r\n\r\n<h2><strong>What Does a Licensed Insolvency Trustee Know about Saving a Business?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Many Licensed Insolvency Trustees are also designated accountants (CA\/CGA\/CMA), Management Consultants (CMC), and Chartered Insolvency and Restructuring Professionals (CIRP) with years of professional experience assisting businesses in financial difficulty.<\/p>\r\n\r\n\r\n\n\n            <div class=\"background-block-wrapper blue\">\n            <div class=\"container\">\n                <div class=\"cols gap\">\n                                        <div class=\"col col-75\">\n    \n\r\n\r\n\r\n<p>At Sands &amp; Associates we pride ourselves on being able to provide practical advice and assistance to British Columbians in a straight-forward and empathetic manner. We understand that financial problems cause a lot of stress and that legal jargon can be overwhelming \u2013 we aim to make your experience with us as smooth and helpful as possible.<\/p>\r\n\r\n\r\n\n            <\/div>\n            <\/div>\n        <\/div>\n        <\/div>\n    \n\n\r\n\r\n\r\n<h3><strong>Does it Cost Money to Talk to a Licensed Insolvency Trustee?<\/strong>\u00a0<\/h3>\r\n\r\n\r\n\r\n<p>A Licensed Insolvency Trustee can offer a fresh perspective, experience, and a full toolbox of options to solve your business\u2019 debt challenges. <a href=index-290.html>Confidential initial consultations<\/a> are offered at no cost or obligation.<\/p>\r\n\r\n\r\n\r\n<h3><strong>What Would be Discussed in the Initial Meeting?<\/strong>\u00a0<\/h3>\r\n\r\n\r\n\r\n<p>The first goal when speaking with a Licensed Insolvency Trustee is often to determine if the business is worth saving.\u00a0<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>In assessing the viability of a business, together we\u2019ll review the operations of the company, its financial statements and its ability to generate cash flow.\r\n<ul class=\"wp-block-list\">\r\n<li>The amount of cash-flow a company can generate, and the value of its assets is a key factor in determining the options business owners have.<\/li>\r\n<\/ul>\r\n<\/li>\r\n\r\n\r\n\r\n<li>In order to provide you as much assistance as possible, we suggest that you prepare a list of your business creditors and most recent company financial statements for your initial consultation.<\/li>\r\n<\/ul>\r\n\r\n\r\n\n<div class=\"cta-with-bg-image-content  white center no-bg-img\"   style=\" \">\n    <div class=\"gradient gradient-teal\" >\n        <div class=\"content\">\n            <h2>\n                <span>GET A FINANCIAL<\/span>\n                FRESH START            <\/h2>\n            <p>Book your free consultation with one of our experts and start living a debt-free life.<\/p>\n            <a href=index-279.html class=\"red-btn\">\n                BOOK YOUR FREE CONSULTATION            <\/a>\n        <\/div>\n    <\/div>\n<\/div>\n\r\n\r\n\r\n<h2 id=\"h-when-should-a-business-file-a-division-1-proposal\" class=\"wp-block-heading\"><strong>When Should a Business File a Division 1 Proposal?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Generally, a company might consider filing a Proposal when it becomes difficult to pay its trade accounts, payroll or other bills. The sooner the business\u2019 financial standing can be professionally assessed, the greater its chances of survival.<\/p>\r\n\r\n\r\n\r\n<p>Some common business owner reactions to a shortage of business funds are to:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Apply for more credit.<\/li>\r\n\r\n\r\n\r\n<li>Inject personal equity (cash or assets) to fund or support the business.<\/li>\r\n\r\n\r\n\r\n<li>Make the mistake of delaying payment to Canada Revenue Agency (\u201cCRA\u201d) for GST or employee source deductions.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><em>Rather than solving the debt problem on a long-term basis, all three of these actions tend to increase the business owner\u2019s personal liability associated with the company.<\/em><strong><em>\u00a0\u00a0<\/em><\/strong><\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-center\" style=\"text-align: center\"><a href=index-638.html>Learn More About Business Debt Mistakes to Avoid<\/a><\/p>\r\n\r\n\r\n\r\n<h3><strong>What Creditors Should Every Business Owner be Aware of?<\/strong><\/h3>\r\n\r\n\r\n\r\n<p>Business owners should be aware of all the company\u2019s creditors, including those that give rise to director liability and\/or personal liability. Common examples are:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>GST\/source deduction debts to Canada Revenue Agency.<\/li>\r\n\r\n\r\n\r\n<li>Personal guarantees, whether to a bank, credit card, landlord, or trade creditor.<\/li>\r\n\r\n\r\n\r\n<li>Wages owed to employees.<\/li>\r\n<\/ul>\r\n\r\n\r\n\n\n            <div class=\"background-block-wrapper grey\">\n            <div class=\"container\">\n                <div class=\"cols gap\">\n                                        <div class=\"col col-75\">\n    \n\r\n\r\n\r\n<p>Failure to comply with payment obligations to CRA or to employees for wages owed can have serious and immediate consequences to businesses. If you are experiencing one of more of these issues, don\u2019t hesitate to consult with a Licensed Insolvency Trustee as soon as possible.<\/p>\r\n\r\n\r\n\n<div class=\"cta-with-bg-image-content  white center no-bg-img\"   style=\" \">\n    <div class=\"gradient gradient-teal\" >\n        <div class=\"content\">\n            <h2>\n                <span>GET A FINANCIAL<\/span>\n                FRESH START            <\/h2>\n            <p>Book your free consultation with one of our experts and start living a debt-free life.<\/p>\n            <a href=index-279.html class=\"red-btn\">\n                BOOK YOUR FREE CONSULTATION            <\/a>\n        <\/div>\n    <\/div>\n<\/div>\n\r\n\r\n\n            <\/div>\n            <\/div>\n        <\/div>\n        <\/div>\n    \n\n\r\n\r\n\r\n<h3><strong>When Would a Business Not be Worth Saving?<\/strong>\u00a0<\/h3>\r\n\r\n\r\n\r\n<p>Usually, a business is not worth saving through restructuring if the company is suffering continual losses and there are no apparent solutions to return it to profitability.\u00a0In this situation, a voluntary\u00a0<a href=index-878.html>business bankruptcy<\/a>\u00a0may be an option to write-off the business debts.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-key-steps-in-a-division-1-business-proposal\" class=\"wp-block-heading\"><strong>Key Steps in a Division 1 Business Proposal<\/strong><\/h2>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\">\r\n<li><strong>Notice of Intention to Make a Proposal<\/strong><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<p>If a company fears that a creditor is going to take some action to shut the company down, such as obtaining a judgment or seizing assets, the company can file a Notice of Intention to Make a Proposal with the assistance of a Licensed Insolvency Trustee.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>The Notice of Intention to Make a Proposal is a legal document and upon its filing a \u201cStay of Proceedings\u201d is started.\r\n<ul class=\"wp-block-list\">\r\n<li>A Stay of Proceedings is essentially a \u201ctimeout\u201d and protects the company by preventing creditors from taking any further collection action against your company.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\" start=\"2\">\r\n<li><strong>File a Proposal<\/strong><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<p>The company works with a Licensed Insolvency Trustee to formulate a Proposal. Once the Proposal is finalized it will be sent to your creditors by the Licensed Insolvency Trustee so they can consider the offer and vote in favour of or against the Proposal.<\/p>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\" start=\"3\">\r\n<li><strong>Meeting of Creditors to Consider the Proposal<\/strong><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<p>Creditors vote on the Proposal by mail or in person at a meeting of creditors, which is held approximately three weeks after the initial Proposal is officially filed.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>The Licensed Insolvency Trustee must file a report to the creditors about the affairs of the company and causes of the company\u2019s financial difficulties.<\/li>\r\n\r\n\r\n\r\n<li>The Licensed Insolvency Trustee must also present to the creditors his or her estimate comparing how much money the creditors would receive under both the Proposal and a bankruptcy. (Remember, the Proposal must provide creditors with more money than a bankruptcy.)<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>If the Proposal is accepted by the creditors and subsequently approved by the Court then all unsecured and secured creditors to whom the Proposal was made are legally bound by the terms of the Proposal \u2013 this includes any creditors who did not vote in favour of accepting the Proposal.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>For a Division 1 Proposal to succeed, a majority in number of creditors, and two-thirds in value of debt, must vote to accept the Proposal.<\/li>\r\n\r\n\r\n\r\n<li>In the event that the Proposal does not receive the required votes to pass the Proposal then the company is entered into bankruptcy, effective the date of the creditors\u2019 meeting.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\" start=\"4\">\r\n<li><strong>Complete Proposal<\/strong><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<p>Once accepted, all creditors and the business must adhere to and complete the terms of the Proposal.\u00a0<strong>The business has now achieved a \u2018second chance\u2019 at success.<\/strong>\u00a0<\/p>\r\n\r\n\r\n\r\n<p><strong>Still not sure if a Division 1 Proposal is the right solution for your business? Talk to a Licensed Insolvency Trustee today to explore your options.<\/strong><\/p>\r\n\r\n\r\n\n<div class=\"cta-with-bg-image-content  white center no-bg-img\"   style=\" \">\n    <div class=\"gradient gradient-teal\" >\n        <div class=\"content\">\n            <h2>\n                <span>GET A FINANCIAL<\/span>\n                FRESH START            <\/h2>\n            <p>Book your free consultation with one of our experts and start living a debt-free life.<\/p>\n            <a href=index-279.html class=\"red-btn\">\n                BOOK YOUR FREE CONSULTATION            <\/a>\n        <\/div>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A common misconception among business owners is that the only option to deal with a struggling business is bankruptcy or receivership, nothing in between. Business owners often feel they are at the mercy of their creditors or bank. The reality is that a Division 1 Proposal can be used to avoid business bankruptcy, stop a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":12611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[257,263],"tags":[38,39,164,37,117,120,50,242,43,295,238,305,42,346,204,35],"class_list":["post-12610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumer-proposals","category-expert-debt-advice","tag-bankruptcy-bc","tag-bankruptcy-trustees","tag-business-debt","tag-consumer-proposals","tag-credit-counselling","tag-credit-counsellor","tag-debt","tag-debt-advice","tag-debt-consolidation","tag-debt-forgiveness","tag-debt-help","tag-debt-relief","tag-debt-settlement","tag-division-i-proposal","tag-licensed-insolvency-trustee","tag-sands-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v26.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Debt Settlement \u2013 Div. 1 Proposals | Sands &amp; Assc<\/title>\n
<!-- Mirrored from www.sands-trustee.com/wp-json/wp/v2/posts/12610 by HTTrack Website Copier/3.x [XR&CO'2014], Mon, 17 Nov 2025 10:54:39 GMT -->
<!-- Added by HTTrack --><meta http-equiv="content-type" content="text/html;charset=utf-8" /><!-- /Added by HTTrack -->
<meta name=\"description\" content=\"Learn about how business debts can be reduced and cleared with a Division 1 Proposal filed by a Licensed Insolvency Trustee in BC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=index-879.html \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Division 1 Proposals for Business Debt\" \/>\n<meta property=\"og:description\" content=\"Learn about how business debts can be reduced and cleared with a Division 1 Proposal filed by a Licensed Insolvency Trustee in BC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Sands &amp; Associates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SandsAssociates\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-06T19:18:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-06T19:36:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Blair Mantin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Blair Mantin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/\"},\"author\":{\"name\":\"Blair Mantin\",\"@id\":\"https:\/\/www.sands-trustee.com\/#\/schema\/person\/bce0833a5a7c2b89498e7d357aa214bf\"},\"headline\":\"Division 1 Proposals for Business Debt\",\"datePublished\":\"2025-10-06T19:18:14+00:00\",\"dateModified\":\"2025-10-06T19:36:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/\"},\"wordCount\":1587,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.sands-trustee.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg\",\"keywords\":[\"Bankruptcy BC\",\"Bankruptcy Trustees\",\"Business Debt\",\"Consumer Proposals\",\"Credit Counselling\",\"Credit Counsellor\",\"Debt\",\"Debt Advice\",\"Debt Consolidation\",\"Debt Forgiveness\",\"Debt Help\",\"Debt Relief\",\"Debt Settlement\",\"Division I Proposal\",\"Licensed Insolvency Trustee\",\"Sands &amp; Associates\"],\"articleSection\":[\"Consumer Proposals\",\"Expert Debt Advice\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/\",\"url\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/\",\"name\":\"Business Debt Settlement \u2013 Div. 1 Proposals | Sands & Assc\",\"isPartOf\":{\"@id\":\"https:\/\/www.sands-trustee.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg\",\"datePublished\":\"2025-10-06T19:18:14+00:00\",\"dateModified\":\"2025-10-06T19:36:22+00:00\",\"description\":\"Learn about how business debts can be reduced and cleared with a Division 1 Proposal filed by a Licensed Insolvency Trustee in BC.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage\",\"url\":\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg\",\"contentUrl\":\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg\",\"width\":650,\"height\":650},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sands-trustee.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Division 1 Proposals for Business Debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sands-trustee.com\/#website\",\"url\":\"https:\/\/www.sands-trustee.com\/\",\"name\":\"Sands & Associates\",\"description\":\"Trustee in Bankruptcy\",\"publisher\":{\"@id\":\"https:\/\/www.sands-trustee.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sands-trustee.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.sands-trustee.com\/#organization\",\"name\":\"Sands & Associates\",\"url\":\"https:\/\/www.sands-trustee.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sands-trustee.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2018\/11\/sands-logo.png\",\"contentUrl\":\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2018\/11\/sands-logo.png\",\"width\":306,\"height\":99,\"caption\":\"Sands & Associates\"},\"image\":{\"@id\":\"https:\/\/www.sands-trustee.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SandsAssociates\",\"https:\/\/x.com\/sandstrustee\",\"https:\/\/www.youtube.com\/user\/sandstrustee\",\"https:\/\/www.linkedin.com\/company\/sands-&-associates-trustees\/\",\"https:\/\/www.instagram.com\/sandsassociatesbc\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.sands-trustee.com\/#\/schema\/person\/bce0833a5a7c2b89498e7d357aa214bf\",\"name\":\"Blair Mantin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sands-trustee.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/51398c078da19a02d414cfcd51f6dfb0b14d8020d9c38b9b3fbf15994e4d7005?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/51398c078da19a02d414cfcd51f6dfb0b14d8020d9c38b9b3fbf15994e4d7005?s=96&d=mm&r=g\",\"caption\":\"Blair Mantin\"},\"sameAs\":[\"http:\/\/sands-trustee.com\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Business Debt Settlement \u2013 Div. 1 Proposals | Sands & Assc","description":"Learn about how business debts can be reduced and cleared with a Division 1 Proposal filed by a Licensed Insolvency Trustee in BC.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/","og_locale":"en_US","og_type":"article","og_title":"Division 1 Proposals for Business Debt","og_description":"Learn about how business debts can be reduced and cleared with a Division 1 Proposal filed by a Licensed Insolvency Trustee in BC.","og_url":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/","og_site_name":"Sands &amp; Associates","article_publisher":"https:\/\/www.facebook.com\/SandsAssociates","article_published_time":"2025-10-06T19:18:14+00:00","article_modified_time":"2025-10-06T19:36:22+00:00","og_image":[{"width":650,"height":650,"url":"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg","type":"image\/jpeg"}],"author":"Blair Mantin","twitter_misc":{"Written by":"Blair Mantin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#article","isPartOf":{"@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/"},"author":{"name":"Blair Mantin","@id":"https:\/\/www.sands-trustee.com\/#\/schema\/person\/bce0833a5a7c2b89498e7d357aa214bf"},"headline":"Division 1 Proposals for Business Debt","datePublished":"2025-10-06T19:18:14+00:00","dateModified":"2025-10-06T19:36:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/"},"wordCount":1587,"commentCount":0,"publisher":{"@id":"https:\/\/www.sands-trustee.com\/#organization"},"image":{"@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg","keywords":["Bankruptcy BC","Bankruptcy Trustees","Business Debt","Consumer Proposals","Credit Counselling","Credit Counsellor","Debt","Debt Advice","Debt Consolidation","Debt Forgiveness","Debt Help","Debt Relief","Debt Settlement","Division I Proposal","Licensed Insolvency Trustee","Sands &amp; Associates"],"articleSection":["Consumer Proposals","Expert Debt Advice"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/","url":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/","name":"Business Debt Settlement \u2013 Div. 1 Proposals | Sands & Assc","isPartOf":{"@id":"https:\/\/www.sands-trustee.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage"},"image":{"@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg","datePublished":"2025-10-06T19:18:14+00:00","dateModified":"2025-10-06T19:36:22+00:00","description":"Learn about how business debts can be reduced and cleared with a Division 1 Proposal filed by a Licensed Insolvency Trustee in BC.","breadcrumb":{"@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#primaryimage","url":"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg","contentUrl":"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2025\/10\/Business-Debt-Division-I-Proposals.jpg","width":650,"height":650},{"@type":"BreadcrumbList","@id":"https:\/\/www.sands-trustee.com\/blog\/division-1-proposals-business-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.sands-trustee.com\/"},{"@type":"ListItem","position":2,"name":"Division 1 Proposals for Business Debt"}]},{"@type":"WebSite","@id":"https:\/\/www.sands-trustee.com\/#website","url":"https:\/\/www.sands-trustee.com\/","name":"Sands & Associates","description":"Trustee in Bankruptcy","publisher":{"@id":"https:\/\/www.sands-trustee.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sands-trustee.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.sands-trustee.com\/#organization","name":"Sands & Associates","url":"https:\/\/www.sands-trustee.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sands-trustee.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2018\/11\/sands-logo.png","contentUrl":"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2018\/11\/sands-logo.png","width":306,"height":99,"caption":"Sands & Associates"},"image":{"@id":"https:\/\/www.sands-trustee.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SandsAssociates","https:\/\/x.com\/sandstrustee","https:\/\/www.youtube.com\/user\/sandstrustee","https:\/\/www.linkedin.com\/company\/sands-&-associates-trustees\/","https:\/\/www.instagram.com\/sandsassociatesbc\/"]},{"@type":"Person","@id":"https:\/\/www.sands-trustee.com\/#\/schema\/person\/bce0833a5a7c2b89498e7d357aa214bf","name":"Blair Mantin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sands-trustee.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/51398c078da19a02d414cfcd51f6dfb0b14d8020d9c38b9b3fbf15994e4d7005?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/51398c078da19a02d414cfcd51f6dfb0b14d8020d9c38b9b3fbf15994e4d7005?s=96&d=mm&r=g","caption":"Blair Mantin"},"sameAs":["http:\/\/sands-trustee.com"]}]}},"_links":{"self":[{"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/posts\/12610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/comments?post=12610"}],"version-history":[{"count":7,"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/posts\/12610\/revisions"}],"predecessor-version":[{"id":12624,"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/posts\/12610\/revisions\/12624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/media\/12611"}],"wp:attachment":[{"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/media?parent=12610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/categories?post=12610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sands-trustee.com\/wp-json\/wp\/v2\/tags?post=12610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}