When it comes to dealing with debt, there is a lot of misinformation on the Internet about what happens in a consumer insolvency. These myths range from what debts are included in a bankruptcy to the fees of the Licensed Insolvency Trustee (“LIT”) to legal actions and so forth.
If you want to know what happens in a consumer insolvency, there are only two sources for the facts, the LIT or the Office of the Superintendent of Bankruptcy. Why anyone would listen to someone who isn’t ether of those makes little sense, however, there are those firms out there who purport to be experts but have little or no training in insolvency matters.
The following table is to get the facts and put some of those myths to rest.
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Our insolvency laws are designed to give people in financial difficulty a fresh start. Bankruptcy is only one option available to deal with debt. But is it the right option. If you are not sure about where to start, contact us. We will explore your options and assist provide you with unbiased information about the best course of action.
LITs are the only debt professionals who have a full range of debt relief options and LITs are the only debt professionals who can guarantee protection from your creditors.
Call us. It’s not too late. (604) 605-3335.