You find yourself at a dinner party and, in classic small-talk manner, the dashing character beside you mentions that they work as a bankruptcy Trustee. You scan the people around you hoping one of them might be able to help you figure out exactly what that is. The fact is that, while some individuals may have a basic idea as to what a Trustee in bankruptcy is, most of us honestly don’t have a clue.

Simply put, a bankruptcy Trustee is someone who manages the funds of an insolvent, or nearly insolvent, party. (Note: not dinner party) When faced with a seemingly insurmountable financial burden, a Trustee is there to help you make a plan to overcome it. In much the same way that a doctor reviews one’s health issues and suggests a variety of treatments, visiting a Trustee will allow him or her to confidentially assess your financial state and provide counsel on how to best ensure a “speedy recovery”, whether that be in the form of a Personal Bankruptcy, a Consumer Proposal, Credit Counselling, etc.  

With access to an inexhaustible amount of online content, or any number of well-meaning friends, co-workers, and family members, lots of people in financial trouble may attempt a self-assessment. But this choice often proves overwhelming and even dangerously inaccurate, sometimes leading to further problems. With a bankruptcy Trustee, these potential problems never occur.

The long and the short of it is that a bankruptcy Trustee is an independent person that is there for you, the individual. It is the duty of a licensed Trustee to advise you of your rights, to ensure all of your creditors play by the rules, and to provide you with the best option for moving forward financially. Armed with extensive knowledge and an invaluable perspective, with a Trustee you are protected.

At Sands & Associates, our staff of Trustees meet daily with individuals who are experiencing financial difficulties.  Our firm’s success is rooted in our commitment that we will always treat you with respect and empathy from the moment you walk in the door.  Please Contact Us to arrange for a free, confidential evaluation of your financial options.

Click here to learn more about the role of a Trustee.