What is a Licensed Insolvency Trustee?

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… Continue reading What is a Licensed Insolvency Trustee?

Will The Insolvency Trustee Charge Extra Fees or A Consultation Fee?

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,… Continue reading Will The Insolvency Trustee Charge Extra Fees or A Consultation Fee?

What Everyone Should Know About the Licensed Insolvency Trustee

When facing insolvency, it’s fairly common to seek out a trustee to help you learn more about your situation and discover options that can get you out of a bad financial situation. A bankruptcy trustee is a specialist that understands the process of claiming bankruptcy and the responsibilities it involves. However, that’s a very general… Continue reading What Everyone Should Know About the Licensed Insolvency Trustee