Closed
Find a Licensed Insolvency Trustee
Advice and options for dealing with unmanageable debt
Last Update: March 4, 2026
Funding available
Varies by project
Timeline
- Open Date : July 1, 2024
- Closing date : December 31, 2024
Location
Canada
Overview
Connect with a federally licensed professional who can help you restructure your business, file a proposal, or file for bankruptcy.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Varies by project
Timeline
- Open Date : July 1, 2024
- Closing date : December 31, 2024
Eligible candidates
Eligible Industries
- Finance and insurance
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Eligibility
Who is eligible?
Eligible applicants for this grant are active Licensed Insolvency Trustees (LITs) in Canada who provide advice and services to individuals and businesses facing debt challenges. These professionals are federally regulated and must be actively practicing, which includes being able to file professional engagements either individually or through a corporate trustee affiliation.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
Additional information
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.
Contacts
Frequently Asked Questions about the Find a Licensed Insolvency Trustee Program
Here are answers to the most common questions about the Find a Licensed Insolvency Trustee. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Find a Licensed Insolvency Trustee?
Connect with a federally licensed professional who can help you restructure your business, file a proposal, or file for bankruptcy.
What is the deadline to apply?
The application deadline for this grant program was December 31, 2024.
Who is eligible for the Find a Licensed Insolvency Trustee program?
To be eligible for the Find a Licensed Insolvency Trustee program, you must:
The individual must be a Licensed Insolvency Trustee (LIT) actively practicing or associated with a corporate trustee.
The individual or corporate entity must be registered with the appropriate federal body as a recognized LIT.
The LIT must offer services related to corporate or consumer insolvency.
Who can I contact for more information about the Find a Licensed Insolvency Trustee?
You can contact Innovation Canada or by phone at 416-645-6500.
Where is the Find a Licensed Insolvency Trustee available?
The Find a Licensed Insolvency Trustee program is available across Canada.
Is the Find a Licensed Insolvency Trustee a grant, loan, or tax credit?
Find a Licensed Insolvency Trustee is a Other Support
Who are the financial supporters of the Find a Licensed Insolvency Trustee?
Find a Licensed Insolvency Trustee is funded by Innovation Canada, Innovation, Science and Economic Development Canada (ISED), Office of the Superintendent of Bankruptcy Canada (OSB), Government of Canada