When is it Time to Hire a Licensed Insolvency Trustee?

older couple reviewing finances to figure out how to manage their debt

When living paycheck to paycheck, getting caught up in trying to pay the bills can prevent you from realizing you need professional financial help.

Debt can leave anyone stressed out and unsure of how to proceed. From seeking credit counselling to filing for bankruptcy, there are multiple debt-relieving solutions out there to help you get back on your feet.

If debts and loans are weighing you down, it can be difficult to figure out how to handle your situation in the most responsible, effective way. Referring to a Licensed Insolvency Trustee is the smartest way to make sure you’re on the right path.

Debts don’t have to be a lonely struggle. Having a Licensed Insolvency Trustee by your side will not only make filing for bankruptcy or a consumer proposal easier, but you’ll have someone who has your best interest in mind.


a man looking stressed while dealing with his potential debt

What Is a Licensed Insolvency Trustee?

Choosing a debt advisor is a crucial step in your debt recovery journey.

Licensed Insolvency Trustees (LIT) are the only federally regulated professionals who provide advice and services to those struggling financially. Rather than following elaborate legal procedures and court mandates, an LIT will help file any bankruptcy claims without the need to involve the court.

These trusted professionals will explain all manner of debt relief options while aiding you in the process from start to finish.


Reasons You Need a Licensed Insolvency Trustee

Being in debt is stressful enough without having annoying creditors calling you at all times of the day.

Your LIT will essentially act as a referee between you and your creditors. They’ll try to create a win-win situation for everyone involved in the process. No one wants to go bankrupt and no creditor wants to lose money. Your Licensed Insolvency Trustee will devise an agreement suitable for both parties.

Once a proposal or personal bankruptcy is filed, the LIT deals with the creditors on your behalf. They ensure sure no collection action or legal procedure is taken against you.

Trustees have undergone extensive training and are bankruptcy and insolvency experts. They have the required knowledge and credentials to help you execute debt relief solutions.

From the initial consultation to the compilation of documents and paperwork, your Licensed Insolvency Trustee will aid you in the process from start to finish.


Get The Debt Relief You Need With Lazard & Associatesdebt insolvency trustee working with a client for debt relief solutions

Sometimes, life gets in the way and you don’t realize you’re struggling financially until the bills pile up and you begin to drown under pressure.

Whether you’re looking to file for personal bankruptcy or a consumer proposal, our Licensed Insolvency Trustees are here to help.

With more than 20 years of experience, we’ve become experts in the field of bankruptcy and insolvency. We promise to be by your side every step of the way. We’ll help you not only get out of debt but stay financially stable permanently.

If you’re struggling to pay your bills, reach out to us to learn more about our debt relief solutions and book your consultation today.