The Licensed Insolvency Trustee (LIT) is a professional whose activities are regulated by the federal government. It offers advice and services to individuals and businesses with debt problems. The LIT helps people make informed choices to solve their debt problems.

Why should you consider consulting a LICENSED INSOLVENCY TRUSTEE (LIT)?

The LIT can present you with all the options available to you.

The LIT is the only professional authorized to administer government-regulated insolvency proceedings – for example, consumer proposals and bankruptcies – that can free you from your debts. These could be the best options for people with severe financial difficulties.

The LIT will deal directly with your creditors on your behalf

Once you have filed a proposal or bankruptcy, the LIT will contact your creditors directly on your behalf. In addition, creditors will not be able to initiate or pursue any recovery or other legal proceedings against you.

The LIT is a competent professional

It is very important to contact qualified professionals to obtain advice and financial services. When you decide to use an LIT, you can rest assured that you are dealing with someone who has demonstrated the knowledge, experience and ability to obtain a license issued by the Office of the Superintendent of bankruptcies (OSB).

The LIT is a professional whose activities are regulated by the federal government

LIT are under continuous supervision by the OSB and must meet rigorous standards of practice set by the federal government.

If you have concerns about an SAI and can not find a solution, you can file a complaint with the OSB. Rest assured that your complaint will be reviewed and evaluated.

LIT fees are regulated by the federal government

Fees collected by an LIT that administers consumer insolvency records are established by the federal government. The first consultation is free and free of charge.