How to Choose a bankruptcy trustee
In order to understand how to choose a bankruptcy attorney (or trustee as they’re called in Canada), it’s important to understand the relationship that will exist between you and your trustee.
Firstly, you do not "hire" a trustee to work for you. Even though in most cases you pick the trustee you are going to deal with, the trustee does not work for you. Even though you are making payments to the trustee, the trustee does not work for you. Neither does the trustee work for your creditors. Canadian bankruptcy trustees are appointed by the Court to administer your bankruptcy. Their main job is to ensure that both you and your creditors follow all bankruptcy rules.
A bankruptcy trustee is similar to a referee in a hockey game. At the start of the game the referee will make sure both sides understand the rules. At the start of your bankruptcy your trustee will explain to you the duties and requirements of filing bankruptcy.
If you don't play by the rules just like a referee, your trustee will assign you a penalty. That being said, most trustees appreciate the fact that you are going through a very stressful time and they will deal with you in a compassionate manner. The fact that you went looking for a trustee is a good sign that you are ready to solve your financial problems and your trustee wants to help.
If you live in Canada and are looking for a bankruptcy trustee I recommend the site www.bankruptcy-canada.ca. This site has a forum where you can ask questions anonymously to a group of trustees for free. It’s a great place to start if you’re not sure whether bankruptcy is for you, and best of all it’s free. They also have some videos that explain the bankruptcy process which may be of some use. If you do decide that you want to file bankruptcy there is also a list of trustee’s by province and city that offer free consultations, once again free is good.
Once you think you have found a trustee you need to make certain that you are comfortable with the people you are going to be dealing with because this relationship is going to last at least nine months. If you are not comfortable with the person you see then you should probably talk to someone else. Remember that all trustees in bankruptcy in Canada are licensed by the federal government, so they will all follow the rules to ensure that the bankruptcy process is administered fairly.
In order to understand how to choose a bankruptcy attorney (or trustee as they’re called in Canada), it’s important to understand the relationship that will exist between you and your trustee.
Firstly, you do not "hire" a trustee to work for you. Even though in most cases you pick the trustee you are going to deal with, the trustee does not work for you. Even though you are making payments to the trustee, the trustee does not work for you. Neither does the trustee work for your creditors. Canadian bankruptcy trustees are appointed by the Court to administer your bankruptcy. Their main job is to ensure that both you and your creditors follow all bankruptcy rules.
A bankruptcy trustee is similar to a referee in a hockey game. At the start of the game the referee will make sure both sides understand the rules. At the start of your bankruptcy your trustee will explain to you the duties and requirements of filing bankruptcy.
If you don't play by the rules just like a referee, your trustee will assign you a penalty. That being said, most trustees appreciate the fact that you are going through a very stressful time and they will deal with you in a compassionate manner. The fact that you went looking for a trustee is a good sign that you are ready to solve your financial problems and your trustee wants to help.
If you live in Canada and are looking for a bankruptcy trustee I recommend the site www.bankruptcy-canada.ca. This site has a forum where you can ask questions anonymously to a group of trustees for free. It’s a great place to start if you’re not sure whether bankruptcy is for you, and best of all it’s free. They also have some videos that explain the bankruptcy process which may be of some use. If you do decide that you want to file bankruptcy there is also a list of trustee’s by province and city that offer free consultations, once again free is good.
Once you think you have found a trustee you need to make certain that you are comfortable with the people you are going to be dealing with because this relationship is going to last at least nine months. If you are not comfortable with the person you see then you should probably talk to someone else. Remember that all trustees in bankruptcy in Canada are licensed by the federal government, so they will all follow the rules to ensure that the bankruptcy process is administered fairly.
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