Licensed Insolvency Trustees

Licensed Insolvency Trustees (LITs) are authorized professionals who help individuals and businesses manage debt problems legally and ethically. They are licensed by the government to administer insolvency processes like bankruptcy and proposals, ensuring creditors are treated fairly. LITs assess financial situations, explore options for debt relief, and guide clients through formal procedures to resolve debts efficiently. Their role is to provide impartial advice, protect creditors' interests, and help clients achieve a fresh financial start when debt becomes unmanageable.