Proxy: Canada Debt .ca defines Proxy

Bankruptcy Term Proxy

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Canada Debt has the definition to the bankruptcy and debt term Proxy. Finding answers to terms such as Proxy can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Proxy in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Proxy' is used as follows:

Under the Bankruptcy and Insolvency Act a written statement can be made whereby a creditor appoints another person to act on his behalf in a creditors meeting and any other matters pertaining to that bankruptcy.