Select a Licensed Insolvency Trustee to Help You Understand Canada's Debt Regulations

Licensed Insolvency Trustees are the only people licensed by the Canadian Superintendent of Bankruptcy to administer consumer proposals and bankruptcies. In order to declare bankruptcy or file a consumer proposal you must work with a Licensed Insolvency Trustee.

Your trustee will provide information about consumer proposals, the filing bankruptcy processes, and other debt relief options. Also, during the bankruptcy or proposal process your trustee will ensure your rights are respected.

When selecting your trustee, you should keep the following in mind:

○ Your trustee should be local or at least easy to access.

○ You should feel comfortable with your trustee. Ask them questions about your situation and make sure you understand their answers.

○ Confirm they are licensed by the Superintendent of Bankruptcy (all trustees listed at Bankruptcy-Canada.ca are fully licensed).