Free Consultation

Trusting the Trustee

In a divisional Consumer Proposal situation who does the trustee work for- the debtor, the creditors or the courts? What guarantee does a debtor have that their advice is appropriate to their situation? Are communications in these situations confidential?

Posted from: Ontario

One Response to “Trusting the Trustee”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The trustee is an officer of the court, so they essentially administer the process under the direction of the court. A trustee is very well trained, in order to be licensed and retain a license they must pass a rigorous educational program, background check and adhere to both a legislated code of conduct as well as a code of conduct that is insisted on by the Canadian Association of Insolvency and Restructuring Professionals.

Each trustee will keep the situation as confidential as possible, but there are some disclosures that cannot be avoided, but all of these necessary communications will be made clear to you upon filing all the documents with the trustee.