Insolvency trustees

Insolvency trustees are licensed professionals who assist individuals or businesses facing financial difficulties. When someone cannot pay their debts, an insolvency trustee helps navigate the legal process, such as filing for bankruptcy or a consumer proposal. Their roles include assessing the financial situation, managing the debtor's assets, and ensuring fair treatment of creditors. They protect the rights of debtors while helping creditors recover what they can. Essentially, they act as intermediaries to facilitate a structured resolution of debts, providing guidance through what can be a complex and stressful process.