If you’re seeking debt help in Manitoba, the best person to contact is a Licensed Insolvency Trustee (LIT). LITs have completed several years of extensive education and training in the insolvency field. Below are five of the services they offer to individuals, families and businesses who are struggling financially.
Bankruptcy is governed by federal legislation and can only be filed through a Licensed Insolvency Trustee. It is designed to help the honest but unfortunate debtor get out of debt and move forward to a financially healthy life.
A Consumer Proposal is a formal offer made by you, to your creditors, through a Licensed Insolvency Trustee (LIT). With the proposal, you agree to pay part or all of your debt over a specific period.
A Division I Proposal is a debt repayment plan similar to a Consumer Proposal. You offer to repay your creditors either in full or a percentage of the amount owing. A proposal under Division I applies to consumers who owe more than $250,000.00 (not including a mortgage on a principal residence).
Debt counselling consists of sessions about money management, budgeting, and long-term planning. These tools can help turn around minor money troubles. They are also critical in reestablishing your financial well-being after your debt problem has been solved.
Receivership is a debt relief strategy to help companies liquidate assets to pay back corporate debts. Our Licensed Insolvency Trustees can act as Receivers and perform duties mandated by the Bankruptcy and Insolvency Act of Canada.
LCTaylor's team of reputable, experienced Licensed Insolvency Trustees helps you get out of debt - and stay there. We offer a full array of debt solutions including consumer proposals, credit couns...
