October 7, 2019
Many Canadians that are facing insolvency start looking for solutions by searching for a “Bankruptcy Lawyer,” believing that this is the title given to professionals who are licensed to help with personal bankruptcy or formal debt settlement. This is not the case! Only Licensed Insolvency Trustees (LITs) can administer bankruptcies or consumer proposals in Canada. The confusion is partly due to the American insolvency system, which is very different...