March 14th, 2012 by Questions
At what point does one need to consult with an insolvency lawyer and not a trustee?
Posted from: British Columbia
March 14, 2012 at 8:08 am, A licensed trustee said:
Fewer than one person in 100 need to speak to a lawyer before they file for bankruptcy. Those that do usually have complex situations involving businesses or lawsuits. If you speak to a trustee and they think you need to speak to a lawyer they will tell you so – trustees cannot provide legal advice (since we’re not lawyers) so when a situation arises that needs a lawyer’s opinion your trustee will tell you that.
Of course you have the right to consult with a lawyer anytime you want to (assuming you can apy their fee), but since lawyers cannot file bankruptcy most people go straight to a trustee.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.