Tell me about Licensed Insolvency Trustees (consumer proposals and bankruptcy)
Licensed Insolvency Trustees (consumer proposals and bankruptcy)
Licensed Insolvency Trustees are federally regulated professionals who help people with serious debt. They are the only ones allowed to arrange a consumer proposal (an offer to pay creditors part of what you owe, over up to five years) or a bankruptcy. The government says they typically do not charge for the first consultation. Find one near you with the official search.
Referral in Canada-wide. Debt help Money, grants & charity Legal help
Who qualifies:
- Anyone in Canada with serious debt problems
- A consumer proposal: debts up to $250,000
What you need to apply:
- A list of your debts, income and costs
For people who truly cannot pay their debts. A free non-profit credit counsellor can help you decide first.
We last read this on 6 October 2026. That was a while ago, so please check their own website before you rely on it, and tell us below if something changed.
How to reach them
- Find a trustee near you.
- Tell them what you need.
- Come back here and tell us if they answered.
Where else they are
Their website is ised-isde.canada.ca/site/office-superintend....
Good to know
- For whomPeople whose debts have become too much to repay.
- CostFirst consultation usually free
- LanguagesEnglish, French
- Their stepsSearch the official list for a trustee near you. Book the first meeting, which is usually free. Ask what each option would cost you before you decide.
We read all of this on their own website. If something has changed, tell us here. It takes 20 seconds, needs no account, and nothing is deleted: the old fact stays until a person checks yours.
We read this on their own website on 6 October 2026.
Read from: ised-isde.canada.ca/site/office-super..., ised-isde.canada.ca/site/office-super..., ised-isde.canada.ca/site/office-super....
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