Find a Licensed Insolvency Trustee
First, here is what you can expect when meeting with a Trustee listed here:
- Each Trustee listed will provide you with a free, confidential consultation to help you evaluate your options.
- There is no risk in contacting a Trustee: all consultations are private, and your information is kept completely confidential.
- The Trustee won’t and can’t impose a solution on you. The decision on what option you want to go with and when is yours.
- Speaking with a Trustee is an easy first step toward the relief you need.
Find a Trustee Near You
- British Columbia
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Prince Edward Island
Find a Bankruptcy Trustee in Canada
A Bankruptcy Trustee is a licensed professional who handles bankruptcy claims or consumer proposals in all provinces and territories in Canada.
In fact, Trustees are the only professionals that have access to the bankruptcy and consumer proposal process in the country.
Bankruptcy trustees are known officially as Licensed Insolvency Trustees (LITs) and are qualified to assist you with your debt after years of experience, passing a series of exams, and being approved by the Office of the Superintendent of Bankruptcy.
The exams are rigorous and require extensive experience and study to pass. Although results vary from year to year, it is not uncommon to see only 50% of candidates pass the oral board exam – the final test to become a trustee. Before even attending the oral board exam, candidates must successfully complete a multi-year qualification program to obtain the Chartered Insolvency and Restructuring Professional (CIRP) designation. This qualification program is offered by the Canadian Association of Insolvency and Restructuring Professionals (CAIRP).
Trustee candidates can study from 2 – 5 years before applying for the final exam, and they must (by law) study ongoing changes in the legislation to make sure they provide Canadians with the best advice possible.
Unlike debt consultants who charge fees for advice, a bankruptcy trustee will offer free counseling on how to best deal with your debts. It costs nothing to call a trustee and ask for help.
In most cases, a licensed trustee will help reach an agreement with your creditors, so you don’t even have to file for bankruptcy.
There’s no risk in reaching out to a trustee for help — solving your debt issues can be easier than you expect.
That’s why you should check out the list below of licensed bankruptcy trustees with professionals in every part of Canada.
You can filter by province or check out the map to find a bankruptcy trustee near you.
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Trustees in Bankruptcy Near you
Trustees in bankruptcy (or as they are now called Licensed Insolvency Trustees or LITs) are located in every major city in Canada. In fact, in Canada, there are over 1,066 individual Trustees and 218 different Insolvency Trustee Firms. To help make it easy for you on our site at the top of this page we have listed over 270 trustees sorted by province and city.
Licensed Insolvency Trustees are federally licensed and regulated by the government of Canada to provide advice and services to people in debt. Here are some of the benefits of working with a trustee in bankruptcy
A Trustee in Bankruptcy (LIT) is a fully qualified professional.
A Trustee in Bankruptcy is the only qualified professional authorized to conduct government-regulated insolvency proceedings. All Trustees must undergo several years of schooling and additional post- graduate and practical training. A Trustee must be “of good character and reputation” and to obtain a government issued license they must complete the CIRP Qualification Program (QCP), the CNIE exam, and the Insolvency Counsellor’s Qualification Course. After successfully completing these programs, they must also pass an oral board examination.
Additionally, all LITs are governed by a strict code of ethics that is meant to protect you. Including as per section 36 of the code they must “perform their duties in a timely manner and carry out their functions with competence, honesty, integrity and due care.”
An LIT deals with your creditors for you and have the legal power to protect you.
Once you file bankruptcy or a consumer proposal, you immediately have legal protection from your creditors. Your creditors can no longer pursue any legal action against you and can no longer attempt to collect any money owing through collection agencies. Typically, all collection calls, most wage garnishments, and any interest accumulating will stop almost immediately.
LITs fees are government regulated.
All LITs have their fees regulated by the Canadian Government. Any money you send them they hold in Trust.
There is no risk in meeting with a LIT.
All Licensed Insolvency Trustee’s listed on our site offer free, confidential, no-obligation consultations. Your information is kept private, and by visiting a Trustee, you are under no obligation whatsoever to file a bankruptcy a consumer proposal or any other kind of proceedings. The Trustee’s goal is to help you understand all of your options and provide advice on how to get out of debt. If you decide it’s right for you, they will file your bankruptcy or consumer proposal and give you immediate legal protection from your creditors.
The most common response we hear from people who have visited a Trustee is “I wish I would have done this a lot sooner!”
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