Find a Licensed Insolvency Trustee

• Applicants must be Canadian citizens or permanent residents.
• Businesses must be registered and operating in Canada.
• Applicants must meet the specified financial thresholds.

Who is eligible?

Who is not eligible

This grant provides information about Licensed Insolvency Trustees and does not give specific details about ineligible companies or industries. Without specific restrictions listed, we cannot determine who cannot apply for this grant.

Eligible expenses

Eligible expenses for this grant may include:

• Business office expenses
• Resident office costs
• Non-resident office expenses by appointment
• Head office expenditures

The evaluation and selection criteria for this grant include financial need, project feasibility, and adherence to program guidelines. Applicants will be assessed based on their ability to demonstrate these criteria effectively.

• Financial need
• Project feasibility
• Adherence to program guidelines

Here are additional relevant details for Licensed Insolvency Trustees:

• Licensed Insolvency Trustees are federally regulated professionals that can provide advice and services to manage debt problems effectively.
• An LIT may either file professional engagements under their personal name or represent a corporate trustee.
• There are different office types where LITs can operate, such as business offices, resident offices, non-resident offices, and head offices.
• The operational status of LITs can vary, with some being actively practicing, semi-active, or inactive, affecting their engagement capabilities.
• LITs can register BIA Insolvency Counsellors, who are then accountable to the LIT for specific insolvency cases.
• It provides a comprehensive directory to find Licensed Insolvency Trustees by name or location.
• LITs fulfill their duties under specific regulatory frameworks and directives to serve both corporate and consumer insolvency needs.