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The term, “licensed insolvency trustee”, has recently become more commonplace; however, you still may have questions to ask regarding the role a licensed insolvency trustee plays in debt consolidation and bankruptcy. Below are the answers to some of these questions. What is a licensed insolvency trustee? A Licensed Insolvency Trustee (LIT) is a professional who…

Gambling addiction is a compulsion that is very difficult to overcome. It will probably come at no surprise that when gambling behaviors are out of control, debt, unfortunately, follows in the same pattern. The following pieces of advice will help guide you through these issues. Treat the gambling problem. The first step in treating your…

More often than not, when an individual is in a financial crisis, he/she will seek out a Trustee in Bankruptcy to aid with the matter at hand. However, the term, “Licensed Insolvency Trustee” is now becoming more and more commonplace – but what exactly is a Licensed Insolvency Trustee? A Licensed Insolvency Trustee (LIT) is…

You’ve all heard the saying, “save it for a rainy day”. Whether you’re younger, older, starting a new job, or retiring from an old one, everyone can benefit from saving money and planning for the future. In fact, everyone should do this – you never know when you may need to dip into your savings…

Seniors are increasingly carrying more debt as they enter their retirement years and as the years accumulate, so does the amount of debt they owe. There are multiple reasons for this. First of all, the average lifespan is now much longer than it used to be, therefore seniors would have needed to accumulate more money…