Licensed Insolvency Trustees

E898894

Licensed Insolvency Trustees are federally regulated professionals in Canada authorized to administer bankruptcies, consumer proposals, and other formal debt relief processes for individuals and businesses.

All labels observed (3)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf insolvency practitioner ⓘ
profession ⓘ
authorizedTo act as proposal trustee ⓘ
act as receiver under the Bankruptcy and Insolvency Act ⓘ
act as trustee in bankruptcy ⓘ
administer Division I proposals ⓘ
administer bankruptcies ⓘ
administer consumer proposals ⓘ
administer formal debt relief processes ⓘ
canUseTitle LIT ⓘ
country Canada ⓘ
distinctFrom credit counselling agencies ⓘ
unlicensed debt consultants ⓘ
formerlyKnownAs Trustee in Bankruptcy (Canada) ⓘ
goal balance interests of debtors and creditors ⓘ
provide orderly and fair debt resolution ⓘ
jurisdiction federal ⓘ
languageAvailability English ⓘ
French ⓘ
legalAuthority Bankruptcy and Insolvency Act (Canada) ⓘ
mayBe a corporate trustee firm ⓘ
an individual practitioner ⓘ
monitoredBy Office of the Superintendent of Bankruptcy Canada ⓘ
mustComplyWith Bankruptcy and Insolvency Act Rules ⓘ
Code of Ethics for Trustees ⓘ
operatesWithin Canadian insolvency system ⓘ
provides creditor protection under the Bankruptcy and Insolvency Act ⓘ
stay of proceedings for debtors through formal filings ⓘ
regulatingAuthority Innovation, Science and Economic Development Canada ⓘ
Office of the Superintendent of Bankruptcy Canada ⓘ
requires federal licence ⓘ
good character assessment ⓘ
passing national insolvency examinations ⓘ
practical insolvency experience ⓘ
responsibleFor advising on insolvency options ⓘ
filing bankruptcy documents with the court ⓘ
holding meetings of creditors when required ⓘ
monitoring compliance with proposals ⓘ
notifying creditors ⓘ
realizing and distributing assets ⓘ
reviewing debtor’s financial situation ⓘ
serves business debtors ⓘ
individual debtors ⓘ
subjectTo disciplinary proceedings by the Office of the Superintendent of Bankruptcy ⓘ
professional conduct standards ⓘ
trainingIncludes accounting and finance ⓘ
ethics and professional practice ⓘ
insolvency law ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Office of the Superintendent of Bankruptcy Canada → licenses → Licensed Insolvency Trustees ⓘ
Licensed Insolvency Trustee → formerlyKnownAs → Trustee in Bankruptcy (Canada) ⓘ
subject linked to: Licensed Insolvency Trustees
linked to: Licensed Insolvency Trustees
OSB → oversightOf → Licensed Insolvency Trustees in Canada ⓘ
linked to: Licensed Insolvency Trustees