{"id":38923,"date":"2024-12-13T15:52:36","date_gmt":"2024-12-13T20:52:36","guid":{"rendered":"https:\/\/ginsberg-gingras.com\/pourquoi-un-syndic-autorise-en-insolvabilite\/"},"modified":"2024-12-19T10:18:53","modified_gmt":"2024-12-19T15:18:53","slug":"why-a-licensed-insolvency-trustee","status":"publish","type":"post","link":"https:\/\/ginsberg-gingras.com\/en\/why-a-licensed-insolvency-trustee\/","title":{"rendered":"Why a Licensed Insolvency Trustee?"},"content":{"rendered":"

For the past 45 years, Ginsberg, Gingras & Associates have been helping people regain financial health.<\/p>\n

What is a Licensed Insolvency Trustee?<\/strong><\/h2>\n

Formerly known as a bankruptcy trustee, a Licensed Insolvency Trustee (LIT) holds a license issued by the Superintendent of Bankruptcy, a federal regulatory body, and is subject to strict ethical standards.<\/p>\n

One of the fundamental principles of the Bankruptcy and Insolvency Act is to allow an unfortunate individual to free themselves from debt and rehabilitate financially. An LIT is the best person to guide you through this process.<\/p>\n

Initial Meeting Process<\/strong><\/h2>\n

During the initial consultation, we listen to your concerns. In addition to gathering some financial information, we discuss your daily life to propose solutions to help you break free from the debt spiral.<\/p>\n

Whether the meeting is in person or virtual, we will list your assets\u2014your property\u2014and liabilities\u2014your debts. We will also ask about your income and expenses to establish a budget.<\/p>\n

Once we have this information, we will thoroughly discuss the available solutions.<\/p>\n

This meeting is confidential, free of charge, and without obligation.<\/p>\n

Debt Solutions<\/strong><\/h2>\n

There are several solutions for managing debt. All are valid options, but it\u2019s essential to understand the nuances.<\/p>\n