A. Farber & Partners Inc., 1-855-218-8436
343 Preston Street, 11th floor, Ottawa, Ontario K1S 1N4
If your financial situation has left you incapable of meeting your commitment to your creditor, then you may be considering filing for bankruptcy.
In Canada, the rights of both the debtor and the creditor are protected under the ‘Bankruptcy & Insolvency Act’.
This means that the laws within the country are framed in a way where you do not stand to lose everything when you file for bankruptcy.
However, only a federally Licensed Insolvency Trustee (LIT) has been given the authority by the Canadian government to file for bankruptcy for you.
A. Farber & Partners Ottawa, ON Licensed Insolvency Trustee
If you live in Ottawa, Ontario, and are looking for a Licensed Insolvency Trustee, then reach out to us to find debt solutions that not only remove debt from your life, but also provide debt management tactics that serve to ensure that you do not face debt in the future.
What is a Licensed Insolvency Trustee?
A Licensed Insolvency Trustee is a professional debt and finance expert who has undergone rigorous training in accounting and debt laws, and has been deemed as efficient and capable by the Superintendent of Bankruptcy in Canada when it comes to handling and eliminating debt.
Under Canadian bankruptcy laws, only a LIT can process bankruptcy dealings and write consumer proposals, both of which absolve debt from your life.
There are several advantages you get from approaching a Licensed Insolvency Trustee over a debt consultancy agency that is not federally regulated.
- The fees charged by a Licensed Insolvency Trustee are decided upon and regulated by the government, so it will cost you less to consult a LIT expert over approaching a debt consultancy agency.
- Since only a Licensed Insolvency Trustee can administer bankruptcy proceedings in Canada, even if you approach a non-regulated debt consultancy agency, you will ultimately have to get in touch with an LIT to proceed with filing for and declaring bankruptcy.
- Licensed Insolvency Trustees have to undergo a bankruptcy and legal course which can last anywhere between two to five years. After completing this course, they must appear before an Oral Board of Examiners that sit just once a year, and pass that examination before they are granted their trustee license. They are also thoroughly investigated by the RCMP before their trustee license is approved. Every LIT professional has both the experience and knowledge to guide you through your financial hurdles towards a secure and stable future.
Debt Help in Ottawa, Ont.
Licensed Insolvency Trustees in Ottawa, Ontario provide personalized, confidential and professional debt consultancy, debt management, credit counselling, debt consolidation services, alongside informing you of alternate solutions to filing for bankruptcy.
We help you to remove wage garnishment, creditor calls, losing your assets, and deepening financial problems from your life.
When you contact a Licensed Insolvency Trustee in Ottawa, Ontario, we will guide you towards the right financial solution when it comes to dealing with your specific debt scenario.
If we find that you do not have to declare bankruptcy, and that a different solution such as consumer proposal can eliminate debt from your life, we will guide you through that process as well.
You do not need to live with debt nor do you have to struggle under financial hurdles that worsen your everyday life.
If you are facing debt and thinking about filing for bankruptcy in Ottawa, Ontario, then reach out to our federally Licensed Insolvency Trustees to find a permanent solution to debt today.