Licensed Insolvency Trustee (LIT)

A Licensed Insolvency Trustee (LIT) is a federally authorized professional who specializes in helping individuals and businesses manage debt, such as filing for bankruptcy or proposing a debt repayment plan. They provide expert advice on financial options, ensure legal requirements are met, and guide clients through the insolvency process. LITs act as impartial facilitators, working to resolve debt issues while protecting the rights of both debtors and creditors. They are trusted experts regulated by law, ensuring that debt resolution is handled ethically, efficiently, and in accordance with federal insolvency regulations.