Do I have to pay for a referral to a trustee?

Understanding Trustee Referrals: Is there a fee?

In the world of finance, one question that often arises is, “Do I have to pay for a referral to a trustee?“. This question stems from the need to understand the intricacies involving financial consultants, trustees in bankruptcy, and the costs associated with their services. In this in-depth guide, we’ll unravel these complexities and provide clear and concise answers.


Financial distress can be overwhelming, often leading individuals to seek professional help. This is where financial consultants come into play. They provide guidance, suggest solutions, and sometimes, refer clients to a trustee in bankruptcy.

The Role of Trustee in Bankruptcy

Trustees in bankruptcy are professionals authorized to administer consumer proposals and bankruptcy filings. They offer a suite of services to help individuals navigate their financial troubles.

Trustee Referrals: The Common Misconception

In several cases, financial consultants, who are not trustees, charge their clients for consulting services and then refer them to a trustee in bankruptcy. This creates a common misconception that paying a fee is necessary to get a referral to a trustee.

The Truth About Trustee Referral Fees

The reality is, you do not have to pay for a referral to a trustee. Licensed trustees offer free consultations. Therefore, one can bypass the financial consultant and directly approach a licensed trustee, saving the referral fee.

Choosing the Right Financial Consultant

The key is to choose a consultant who is transparent about their services and charges. Be wary of those who might refer to a trustee as a ‘Court appointed Officer’ to justify their referral fee.

Why Opt for a Licensed Trustee?

Licensed trustees not only provide free consultations but also offer unbiased advice. They adhere to a code of ethics that puts the client’s interest first. This is why companies like Bankruptcy Canada never deal with debt consultants, as they believe in providing a free service that clients can avail directly.

The Bankruptcy Canada Approach

Bankruptcy Canada, a licensed insolvency trustee, believes that no one should pay for a service that they can get for free. They offer free consultations to anyone seeking financial help.


The answer to the question, “Do I have to pay for a referral to a trustee?” is a resounding no. It’s always advisable to directly approach a licensed trustee for a free consultation.

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