Canadian Bankruptcy Trustee

A Canadian Bankruptcy Trustee is a licensed professional who helps individuals and businesses navigate the process of bankruptcy or insolvency. When someone cannot pay their debts, the trustee assesses their financial situation, advises on options, and ensures compliance with legal requirements. They manage the distribution of the debtor's assets to creditors and protect the rights of all parties involved. The trustee acts as an impartial mediator, ensuring the process is fair and transparent, ultimately helping the debtor find a fresh financial start or a manageable repayment plan.