CanLaw Bankruptcy Answers
Rated: 5 / 5 based on 7 customer reviews
124 00.00 What is a Trustee in Bankruptcy
Product description: How a consumer bankruptcies trustee will eliminate all your debt in a few days. How a Trustee helps you solve your financial problems

If you cannot pay your debts, a trustee in bankruptcy will make them disappear in a few daysWhat is a

Trustee in Bankruptcy?

Ask A Bankruptcy Lawyer

What is a Trustee in Bankruptcy?

Trustees administer consumer bankruptcies, and formal and informal proposals.

The Trustee will give you information and advice about both  consumer proposals and/or bankruptcy processes.

He/she will make sure that your rights, as well as those of your creditors, are respected.

Trustees also provide financial counselling, debt management and handle negotiation with creditors

What can a Trustee do to assist you with your financial problems?


Your Trustee will do the following for you:


  • Evaluate your immediate problem such as total debt, collection problems, garnishees, judgments, creditor pressure
  • Determine your overall financial situation and your ability to pay;
  • Review your rights and responsibilities as well as what rights and responsibilities your creditors' have.
  • Provide you with options such as . managing finances better, budgeting, debt consolidation, orderly  payment of debts, proposal to creditors and bankruptcy.
  • Make sure you understand all of  the options available
  • Recommend certain options over others.

You should ensure that your  Bankruptcy Trustee is fully qualified and accredited by the Federal Government's Superintendent of Bankruptcy

Current as of

Canada Trusts


Home of the CanLaw Network

CanLaw ask a lawyer