Most Recent 'Licensed Insolvency Trustee' Posts

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 […]

Why You Must Disclose Everything to Your Trustee Are you wondering how much information you need to provide to your bankruptcy trustee? This article will explain why you should tell them everything and not keep anything a secret. If you are thinking about filing for bankruptcy, then you are probably already viewing it as a […]

One of the most common questions people have when filing for bankruptcy is, can a bankruptcy trustee oppose my discharge? The short answer is, yes, they can, which may be a problem for you. Usually, your discharge will be opposed because you did not meet all of your obligations in the bankruptcy and you did […]

LIT

May 31, 2020 by Questions

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 […]

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