Explanations are provided regarding the differences between a Licensed Insolvency Trustee, a Bankruptcy Trustee, and a Financial Advisor in Ontario. Additionally, the fiduciary duty of an LIT and Financial Advisor is described.
As Canadians finances are continuously under pressure, more are choosing to file a Consumer Proposal as a way to get relief from your unmanageable debt. This debt relief option is now considered the number one alternative to Bankruptcy. Government approved,…
Financial problems can feel overwhelming and confusing. If you’re contemplating Bankruptcy, you might not know where to turn or who to call for help. Should you speak to a Bankruptcy lawyer, a Bankruptcy Trustee, or a Licensed Insolvency Trustee? What’s…
Most of us at sometime in our life have experienced setbacks that put us in a financially difficult situation. Whether it’s a loss of our job, injury, illness, or a divorce - it may seem impossible to cover our bills.…
If you’re trying to stay on budget and repay your debt but you just can’t seem to get ahead, you might consider hiring a financial advisor to help to get your financial life in order. While it’s a great idea…
If you are going through bankruptcy or insolvency, the process will be administered and supervised by the Office of the Superintendent of Bankruptcy (OSB). While going through this procedure, it may help to know what the OSB does for both…
WHO is a Licensed Insolvency Trustee? The person who can help you get out of debt! A Licensed Insolvency Trustee is a professional that is federally regulated by the government of Canada to administer debt services and advice. This…
If you’re finding it hard to make ends meet every month and the debt just keeps piling up, the best thing you can do is to get professional help right away. But what type of professional help should you seek?…
