Why Use A Licensed Insolvency Trustee

Why Use A Licensed Insolvency Trustee

Many people who are having trouble solving their debt problems find it difficult to know where to turn.

Are you having trouble solving debt problems and not sure where to turn?

You may think it is another expense to hire a Licensed Insolvency Trustee (LIT) and choose a not for profit or paid debt counsellors, so let’s look at reason to work with a Licensed Insolvency Trustee for long term financial solutions.

2. LIT’s are Federally Licensed. In order to administer files under the Bankruptcy and Insolvency Act, LIT’s must have completed stringent requirements imposed by the Office of the Superintendent of Bankruptcy.

3. LIT’s can offer guidance on all available financial options. Not every client needs to declare bankruptcy, so it’s important to meet with someone who can evaluate your individual needs and provide you with reasonable options you can live with.

4. Licensed Insolvency Trustee can put an end to creditor harassment. LIT’s liaise with creditors and debtors to reach the best possible solution. Once proceedings have begun, clients are no longer hassled by their creditors and are able to take the time to regain their financial stability.

Out of Debt, Kelowna, D Thode

Licensed Insolvency Trustee

5. Ongoing financial support is an excellent resource. Solving your immediate debt crisis is extremely important, but so is building a better strategy for your future. As a part of your debt solution process, your Licensed Insolvency Trustee will provide you with valuable skills and advice to help you manage your finances going forward.

If you are struggling under the weight of insurmountable debt, don’t hesitate to call on our experienced Licensed Insolvency Trustees for help. Visit us for a no obligation consultation to see how we can help you get back on track.

Original Blog

Office Locations & Service Areas

BC Interior - Kelowna, Kamloops, Penticton

Lower Mainland - Vancouver, Burnaby, Surrey, Chilliwack

D. Thode & Associates Inc. Out of Debt