How Bankruptcy in Canada Works & The Role of the Licensed Insolvency Trustee Many Canadians struggle with debt. Unfortunately, when you have a lot of debt, it can be very difficult to pay it down. This is especially true in the case of credit card debt and other...
Understanding Licensed Insolvency Trustees If you are struggling with debt and unable to pay your creditors as your bills become due, a Licensed Insolvency Trustee (LIT) can help. These are individuals who have gone through specific training and are licensed to...
Understanding the Role That Licensed Insolvency Trustees Play You may have heard of Licensed Insolvency Trustees before, but you might also be wondering exactly what they do. A Licensed Insolvency Trustee (LIT) is a financial professional who provides services and...
What’s the differences between Licensed Insolvency Trustee and Bankruptcy Trustee? First of all , there are no differences between these two terms. In December 2015, the Office of the OSB released an instruction that people that are certified by the...
