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What are the fees of a trustee in bankruptcy?

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Who are Licensed Insolvency Trustees working for?

Being a Licensed Insolvency Trustee (LIT), I am sometimes confronted with this question. Sometimes, I even have to demystify the
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Divorce: A Leading Cause of Bankruptcy

The divorce leads many Canadians to declare bankruptcy. This phenomenon is rather disturbing, given the fact that divorce forecasts show
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Getting back your Wages even when your Employer Files for Bankruptcy

If your employer files for bankruptcy, you will not automatically loose the wages he owes you. You will however have
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Your Credit Rating after Bankruptcy

In some cases, declaring bankruptcy and consequently affecting one’s credit rating is the only way to get out of debt.
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Job losses and over-indebtedness

A job loss is a direct over-indebtedness factor. On the one hand, when someone loses his job, he has less
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During retirement, more boomers and elders are forced to file for bankruptcy

No one wants to be forced to file for bankruptcy. Especially if one is at the dawn of retirement, or
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Bankruptcy, Credit Cards and Fraud

Is it a good idea for someone to spend profusely in order to reach his credit card limit before filing
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I have too much debt – What can I do?

The facts speak for themselves – Canadian households have been getting deeper into debt in recent years, as widely reported
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Watch out for overly attractive offers to get rid of your debts

Every debtor’s situation is unique – and the same goes for the solution. That’s why any self-respecting debt professional would
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Women’s fashion retailer Jacob is not bankrupt

Contrary to what some media have reported, women’s fashion retailer Jacob is not bankrupt. Rather, the company has filed a
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Is Debt Consolidation A Good Solution?

A typical case: Like many consumers, you’ve taken on a few debts that you’re paying off in monthly instalments on
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