Crowe MacKay's Licensed Insolvency Trustees are here to
support you through times of financial stress. The insolvency team
explains how they can help you navigate uncertain times and how
their services translate to your wellbeing.
What is a Licensed Insolvency Trustee?
A Licensed Insolvency Trustee (LIT) is the only professional
licensed by the government through the Office of the Superintendent
of Bankruptcy. Credit counselling agencies and debt settlement
companies are not the same as a LIT. A LIT is an officer of the
Court and acts in a fiduciary capacity with a duty to protect the
interests of all stakeholders. They make sure debtors are
aware of everything in their case, including all debt solutions,
and that creditors are not taking advantage or misrepresenting the
circumstances. They also ensure creditors understand their
rights and remedies.
