A Licensed Insolvency Trustee is an officer of the court whose primary role is to ensure that your rights, and your creditors’ rights, are maintained throughout the bankruptcy or consumer proposal process. In Canada, trustees are licensed and regulated by the federal government and will work with you to help determine what the best option is for your unique situation. Licensed Insolvency Trustees abide by a strict code of conduct to explain all of your debt-relief options, while other debt consultants may not.
There are many companies out there that offer credit-consulting and/or debt-consolidation services. However, only a Licensed Insolvency Trustee can provide all these services, as well as administer a consumer proposal or bankruptcy.
Licensed Insolvency Trustees are:
Licensed and have their fees regulated by the federal government
The only professionals authorized to administer government-regulated insolvency proceedings (e.g., a bankruptcy or consumer proposal)
Highly trained and educated
What can a Licensed Insolvency Trustee do for me?
Provide you with a free consultation to discuss your situation
Deal with your creditors directly
Stop the phone calls, wage garnishments and legal proceedings