Meet Your Trustee: Advice on Meeting Your Trustee
Meeting with a Licensed Insolvency Trustee (Trustee in Bankruptcy)
Dealing with debt can be stressful and difficult. We understand that sometimes it feels that there is nowhere to turn and no possible way to get out. Fortunately, there is a solution! There are friendly professionals available to help you find the best way to get out of debt.
Only a Licensed Insolvency Trustee – a Trustee in Bankruptcy – can help a person get out of debt.
All trustees are trained, administered and licensed by the federal government. In order to receive their trustee license, a person must pass a course and receive a background check from the RCMP. Without their license a trustee cannot provide any services.
In addition to providing bankruptcy services, a trustee can administer consumer proposals. A consumer proposal is a popular alternative to bankruptcy in Ontario.
In order to go bankrupt or make a proposal to your creditors you need to work with a trustee.
As part of their code of ethics trustees are required to review your financial situation. They will provide you with details on all of the options available to you. Many people are unaware of the debt relief solutions available to them.
By meeting with a trustee you’ll get all the information you need. You will be able to decide if filing for bankruptcy or a consumer proposal is right for you or not. The trustee might also be able to help you avoid bankruptcy or a proposal altogether. Trustees are bound by a code of ethics that requires them to inform you of all debt relief options, not just solutions provided by a trustee.
You are never under any pressure or obligation to continue if you meet with one of our trustees in bankruptcy.
Schedule a Free Consultation With a Licensed Insolvency Trustee
To make meeting with a trustee simple, all of our trustees offer a free consultation. There is no cost to meet with a local trustee in your area to review your situation. It is also confidential.
When you meet with the trustee, he or she will look at your debt levels, your income and your expenses. She / he will then be able to provide information on what options are available to you for eliminating your debt.
You will meet with the trustee in a private meeting room, and won’t be pressured or rushed. The trustee will answer all of your questions and explain everything patiently. The choice for how to proceed will always be up to you.
Trustees understand that every person’s situation is unique and therefore everyone needs a personalized approach.
After Meeting Your Bankruptcy Trustee
After your meeting with the trustee you should take some time to think over the information you received. If you have any concerns you can contact the trustee again with your questions. If you decide to proceed with a bankruptcy or proposal, the trustee will be at your side throughout the entire process. Once you feel comfortable about your decision the trustee will help you file the necessary paperwork and begin the process.
The fees that a trustee can charge are regulated by the federal government.
If you are struggling making ends meet it could be time to speak with a licensed bankruptcy and insolvency trustee.
Meeting with a licensed insolvency trustee can help you make an informed decision on getting out of debt.