The Office of the Superintendent of Bankruptcy (OSB) has published new information products to assist consumers in making informed decisions when seeking assistance to resolve serious financial difficulties.
This information can be found here and includes:
A new webpage for consumers, What is a Licensed Insolvency Trustee?, which provides information and answers to frequently asked questions about the role of a Licensed Insolvency Trustee (LIT) and the assistance an LIT is authorized to provide
Information to help consumers differentiate an LIT from a debt consultant
Five insolvency-related videos to help consumers better understand the insolvency process and the insolvency options that are available to them:
Discussing your options with a Licensed Insolvency Trustee
What to expect if you file for bankruptcy
Submitting a consumer proposal to your creditors
Understanding the bankruptcy discharge
Bankruptcy and surplus income payments
