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Why Our Licensed Insolvency Trustees Do Not Pass Judgment

In our work as Licensed Insolvency Trustees (LIT), we often see people who are ashamed of having to resort to our services and having to reveal their financial situation. Sometimes, people hesitate to even consult a professional, fearing their judgment.

Although debt is a taboo subject, you should not be afraid of the solutions that can end your debt. Solutions exist, and our LITs help people recover their financial health without passing judgment on them. The only thing that matters to us is that you have the right solution to your debt, and that you stop having to live with the stress caused by financial problems.

Four reasons that explain why our Licensed Insolvency Trustees do not pass judgment

  1. Debt can have many causes

    Our practice as Licensed Insolvency Trustees has taught us that the reasons for debt are numerous and unique to every person. We are simply unable to judge, because debt is caused by multiple factors, such as: illness, divorce, major unforeseen incidents, and job loss. Regardless of the reason, these situations can be out of a person’s control. Even if some people try to end their debts themselves, you would be better off consulting a Licensed Insolvency Trustee. Asking for help should not be seen as a source of shame, but rather an important step towards resolving your debt. What matters is that you know when to get out and ask for help.

  2. We help thousands of people from all walks of life every year

    Every year, we help thousands of Quebecers and Ontarians escape from debt. People from all walks of life and all social classes visit our offices. Finding solutions to debt is the raison d’être of our profession. This does not mean that we are immune to the suffering that such a situation can cause. On the contrary, knowing that this can happen to anyone, and at any time, means that we feel empathetic towards the people who consult us.

  3. We know neither your story nor your context

    Some people naturally have more resources available to survive the challenges of debt problems than others. Job stability, the region where they live, or the wealth of people around them can be influential factors on a person’s ability to escape debt. Within this context, it is ill advised to judge someone based on the reasons for their debt.

  4. We love our job, and our job is to help indebted people

    Being a Licensed Insolvency Trustee is more than just a job; it’s something of a calling – we want to help people. Every day, we help people escape debt and relieve them of financial stress.

    We are neither physicians nor psychologists. Nonetheless, our job is also to listen actively to offer sound advice. As a result of this ethic and our human approach, we often receive touching testimonies that remind us that we are making a difference in the lives and financial health of people.

    As we say at Ginsberg Gingras, our profession is very rewarding. This is why we pledge to advise each person with professionalism, respect, and dignity, and above all, without judgment. These values are so strong within our team that we have made it our mission:

    “The mission of Ginsberg Gingras is to assist debtors experiencing financial difficulties, and to respect their values and rights while ensuring that the rights and interests of their creditors are also respected.

    Staff members are informed of this mission through regular meetings and put it into practice in their everyday work.

    Our company’s policies on debtor relations are varied given the nature of our work and our observance of the code of conduct established by the Office of the Superintendent of Bankruptcy Canada (OSB). We nevertheless believe in their right to be treated with respect and dignity, whatever their level of indebtedness may be.”

The main steps follow by the Licensed Insolvency Trustee to put an end to debt

  1. Free first consultation

    When someone leaves their first meeting at Ginsberg Gingras, they often feel great relief. For one thing, the Licensed Insolvency Trustee has analyzed their financial situation and has shown them a glimpse of possible solutions to their debt. For another, this free meeting has given them a chance to be heard without being judged. This is generally a very liberating first step.

  2. Presentation of debt solutions

    To begin, the Licensed Insolvency Trustee establishes a realistic budget adapted for each individual. This budget considers financial obligations to determine which solutions are best adapted to solve an individual’s debt problems.

    The Licensed Insolvency Trustee explains the characteristics and implications of each solution.

    Finally, they will advise the debtor to help them make an informed decision.

  3. Debt resolution

    Once the procedure is signed, the Licensed Insolvency Trustee takes over all communication with the creditors. They also ensure that recovery measures taken by unsecured creditors are halted.

Accept the help of a Licensed Insolvency Trustee when you are in debt

To conclude, remember that you will not be judged for your debt at Ginsberg Gingras. Despite the embarrassment you may feel before consulting us, you will feel greatly relieved after having spoken to one of our Licensed Insolvency Trustees. A single meeting is enough to understand why we have helped almost 100,000 people for over 35 years. With us, you will finally find the solution to your debt.

Ask for your free consultation without judgment.

Pascal Gagnon

CPA, CGA, CIRP, Licensed Insolvency Trustee & Privacy Officer

Official Office: Gatineau (Hull)
Phone: 819-776-0283

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