Fort Erie
There are many falsehoods spoken about trustees, often made to make them sound scary. Statement #1 to Provoke a Fear of Trustees: A Trustee doesn’t work for you, he or she works for your creditors I get annoyed by this every time I hear the phrase. To say a Trustee is working for one party … Read more
Crucial Queries to Guide Your Selection of a Bankruptcy Trustee Embarking on the path to financial solvency often requires professional guidance. When you’re considering bankruptcy, finding a Licensed Insolvency Trustee with the right expertise and dedication is of utmost importance. This article provides you with five pivotal questions to help you choose the most suitable … Read more
Our Government Approved Debt Solutions Are Your Path to Financial Freedom Being strangled by the relentless grasp of debt can be an overwhelming experience. The constant barrage of calls from creditors, the sleepless nights, and the incessant worry can be distressing. But, there is a silver lining. Life Changing Debt Solutions in Canada can help … Read more
Licensed Insolvency Trustees (LITs) are federally regulated debt professionals who are highly qualified and well-trained. The Office of the Superintendent of Bankruptcy provides LITs with the license they need to administer insolvency services, such as assisting with bankruptcy or filing a consumer proposal with your creditors. Only LITs are able to assist people with filing … Read more
If you’re suffering from financial problems, you may have to consider some insolvency options and if you are interested in meeting with a trustee you might be wondering if the trustee charges any extra fees or fees for a consultation. In Canada, those options are limited to consumer proposals or bankruptcy. To proceed with either, … Read more
What is a Licensed Insolvency Trustee? A Licensed Insolvency Trustee, also known as a LIT, is a professional who specialises in providing advice and working with individuals or companies that are struggling to pay off debts. Licensed Insolvency Trustees are federally-regulated, and they help people to explore options and make well-informed decisions to get out … Read more
Licensed Insolvency Trustees in Canada A Licensed Insolvency Trustee (LIT) is a federally-regulated professional who specialises in helping people who are struggling with severe debt. Trustees assume responsibility for overseeing processes, including filing a consumer proposal or bankruptcy. If you are in debt, and your trustee advises you to consider these options, they are authorised … Read more
Every year, thousands of Canadians find themselves buried under a mountain of unsustainable debt, often through no fault of their own. In situations like these, they need qualified, accredited professionals who can reduce their debts through legal facilities, like bankruptcy. But who are these professionals? And how can they help you out of a financial … Read more
Bank Accounts in Bankruptcy When you file for bankruptcy, your trustee will seize your assets and pass them on to your creditors to settle a portion of the debt, but does a bankruptcy trustee seize your bank account? Many people worry about losing control over their bank account during the bankruptcy process, but that will … Read more
When your debts have mounted to the point where you are no longer able to repay them, this is known as insolvency. When you are insolvent, however, you still have a number of options available to you such as making a Consumer Proposal or filing for Personal Bankruptcy. To do either of these, however, you … Read more
When you find yourself struggling to make a mortgage payment, or finding that you’ve missed a payment on your car loan, it can be an overwhelming feeling when creditors start hounding your phone. A Licensed Insolvency Trustee can help mitigate these phone calls, clear up any questions you have, and counsel you through your financial … Read more
If you do decide to hire the services of one of our Licensed Insolvency Trustees, we will discuss the various debt relief options that are open to you. In some cases, it might be that filing for bankruptcy is your best course of action, especially if you are overwhelmed by your debts, and with little … Read more
Do I Need a Licensed Insolvency Trustee or Bankruptcy Trustee? Personal debt can become a trap for many Canadians. In order to keep up with the cost of living, households can accumulate more and more loans and credit cards until their debts reach a point at which they’re extremely difficult to control. In some circumstances, … Read more
Licensed Insolvency Trustees, formerly known as trustees in bankruptcy, are people who are professionally licensed and regulated by the Office of the Superintendent of Bankruptcy Canada. This license allows them to provide a valuable service to people in Canada. By law, people who are filing for bankruptcy must work with a Licensed Insolvency Trustee. Trustees … Read more
What is a LIT (Licensed Insolvency Trustee)? A Licensed Insolvency Trustee (formerly known as a Bankruptcy Trustee) is the only type of professional who is licensed and regulated by the Office of the Superintendent of Bankruptcy (OSB) to help Canadians get out of debt. Licensed Insolvency Trustees (LITs) can help debtors file for bankruptcy or … Read more
Bankruptcy Canada is proud to provide Canadians living with debt a fresh financial start. We are Licensed Insolvency Trustees (commonly called a bankruptcy trustee) who are the only debt relief professionals licensed by the Canadian government to provide bankruptcy and consumer proposal services. We offer free initial consultations to explore all of your debt relief options such as credit counselling, debt consolidation, or debt settlement services, in addition to consumer proposals and personal bankruptcies.
For Media & Further Company Inquiries
