Why is the name changing?
The change in the name means better clarity for what Trustees in Bankruptcy do – Trustees in Bankruptcy don’t just help with bankruptcy, they are also licensed to help you file a consumer proposal. The new name better reflects the scope of what a Trustee in Bankruptcy can do for you – help work through debt and money problems with effective solutions.
And the name change gets rid of the bad feelings, thoughts, and guilt behind the word ‘bankruptcy’. When people hear the word ‘bankruptcy’, they think of shame and a life in shambles, but, in truth, bankruptcy is the beginning of a fresh start. It is the decision to take a hard situation and find a solution.
Bankruptcy is hope, but it’s simply not perceived that way. When people hear the term Trustee in Bankruptcy, all they can hear is the negative. With a Licensed Insolvency Trustee, you understand that the trustee is on your side, essentially taking your inability to pay your creditors and reorganizing things to find a healthier financial future.