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Need Debt Help? Contact a Surrey Licensed Insolvency Trustee

Surrey Licensed Insolvency Trustee

If you’re feeling overwhelmed by collection calls, wage garnishment, or creditor lawsuits, and want it all to stop, a Surrey Licensed Insolvency Trustee (LIT) can help. Licensed Insolvency Trustees are authorized to administer the widest range of debt solutions in Canada, ranging from credit counselling, to Consumer Proposals, and Bankruptcies. 

What is a Licensed Insolvency Trustee?

Licensed Insolvency Trustees, previously known as Bankruptcy Trustees, are debt experts. They are the only professionals licensed by the Canadian government to perform insolvency proceedings that eliminate debt, including Consumer Proposals and Bankruptcies. 

When you work with an LIT, they will assess your financial situation, explain the different debt options available, and help you decide which debt management solution is the right fit. 

When Should I Contact a Licensed Insolvency Trustee?

If you’re questioning whether you should contact a Licensed Insolvency Trustee, the answer is yes. We offer a free consultation to all clients, so there’s no harm in giving us a call. No matter how significant your debt is, we’ve seen it all before. We understand that debt happens to honest, hard-working Canadians, and we will work with you without judgement to find a solution.  

Why Work With a Licensed Insolvency Trustee?

In addition to helping you choose a debt solution, working with an LIT offers many benefits, including: 

  • Access to the widest range of debt solutions: LITs are the only professionals in Canada authorized to administer government-regulated insolvency proceedings, including Consumer Proposals and Bankruptcies. 
  • Work with creditors on your behalf: Once you file a Proposal or Bankruptcy, you no longer have to communicate with your creditors. You LIT will do this on your behalf. Any wage garnishment, creditor lawsuits, and collection calls will also stop as soon as you file. 
  • Qualified: Not everyone in the financial space has the qualifications or education to provide the best advice. However, Licensed Insolvency Trustees do have the qualifications needed. Before an LIT is granted a license by the Office of the Superintendent of Bankruptcy (OSB), they must demonstrate they have the knowledge, experience, and skills to do the job. 
  • Federally regulated: Everything an LIT does, from how they communicate with your creditors, to how much they charge for services is regulated by the federal government. You never have to worry about an LIT charging too much, and when you work with an LIT at Allan Marshall & Associates, the first consultation is always free. 

What Debt Options Can an LIT Provide?

Licensed Insolvency Trustees provide several debt management and debt relief options, including: 

Credit Counselling

If you are looking to improve your financial knowledge and skills, credit counselling might be the right fit. In a credit counselling session, your LIT can help you work towards specific goals, such as learning how to create a budget or helping you understand how to properly manage credit. 

Consumer Proposal

A Consumer Proposal is a legal agreement between you and your creditors to repay a portion of your unsecured debt, extend the time you have to pay or both. You work with your LIT to create the Proposal, and if accepted, you have up to five years to repay your debt. The main difference between a Consumer Proposal and Bankruptcy, is you get to keep your assets. 


While most people cringe at the thought of filing for Bankruptcy, sometimes it’s the right debt relief solution. As soon as you file for Bankruptcy, all collection calls, wage garnishment, and creditor lawsuits stop. Most of your unsecured debts are discharged and, while your LIT will sell some of your assets, you won’t lose everything. The purpose of Bankruptcy is not to punish, it’s to provide Canadians who are down on their luck with a second chance. 

Work With a Surrey Licensed Insolvency Trustee – Your Local Bankruptcy Experts 

At Allan Marshall & Associates, we’ve been helping Canadians like you overcome debt for over forty years. If you’re ready to say goodbye to financial stress, contact our office today at 1-888-371-8900 or online for a no-obligation, free consultation. You don’t have to deal with your debt alone, we can help.

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