Bankruptcy - Personal Services

Why use a Licensed Insolvency Trustee?

If you're drowning in debt, you need answers, options and realistic plan for recovery. There is a lot of information and misinformation out there; how can you make sense of it? You need a professional, licensed insolvency trustee, even if you don't declare bankruptcy. A trustee in bankruptcy will evaluate your situation and help you to arrive at the best possible solution for your problems, whether that solution is a bankruptcy alternative like credit counselling, debt consolidation or a consumer proposal or bankruptcy. If ultimately consumer proposals or bankruptcy is the best option for you, you will have to use a licensed insolvency trustee.

No doubt you've been bombarded by advertising from numerous debt settlement companies all promising the same thing - to instantly wipe out or reduce your debt. Buyer Beware! These are totally misleading claims made by companies that are not federally regulated. There is no instant or quick fix for serious debt issues. However, there are sensible long term solutions that can be arrived at with licensed insolvency trustees.

Advantages to using a licensed insolvency trustee:

  • Federally regulated
  • Has undergone a back ground check by the RCMP before being granted a licence
  • Are subject to a stringent code of ethics
  • Maintain their competency by completing ongoing mandatory professional development each year
  • Fees are regulated by the Federal Government and are usually less than the debt settlement companies who make unsubstantiated claims

Starting Over, Starting now you can be debt free with the help of a professional, licensed trustee in bankruptcy. Contact Ira Smith Trustee & Receiver Inc. today. We have the right solutions for you.