Role of the Licensed Insolvency Trustee

Professional, Trustworthy And Objective

When financial difficulties become so overwhelming you can't see any way out, your first step should be to contact a Licensed Insolvency Trustee who is a member of CAIRP and who holds the CIRP designation issued by CAIRP.

 A Licensed Insolvency Trustee, who is a CIRP is a professional, is not only licensed by the Office of the Superintendent of Bankruptcy but also practises according to higher levels of professional standards and rules of conduct. A CIRP’s primary objective is to help you deal with your financial problems so you can make a fresh start.

A CIRP possesses solid accounting expertise and extensive knowledge of governing legislation and is empowered to take various actions adapted for the circumstances, whether for consumers or businesses. Licensed Insolvency Trustees are the only professionals able to file a consumer proposal or a bankruptcy.

The Licensed Insolvency Trustee offers an impartial view, acting in the best interests of all parties.

The dual role of the Licensed Insolvency Trustee is to investigate your affairs and to ensure that your rights are not abused while protecting the rights of your creditors.

A CIRP provides all of these services according to a high standard and will always be your best advisor to help you choose the most adequate solutions to your financial situation, both for consumer and corporate insolvency issues.

Look for a Licensed Insolvency Trustee with a CIRP designation - the mark of a professional who is trustworthy and objective. To locate a CIRP please click here.