The Bankruptcy and Insolvency Act (BIA - Federal Government Legislation) allows an undischarged bankrupt to be able to file a proposal as a way of dealing with his or her debts. This option is used by individuals who filed an assignment in bankruptcy and then found that their situation had changed for the positive. This allows them to make a proposal (make monthly payments) to their creditors, which when accepted by the creditors, cancels out the bankruptcy (as if it never happened).