What factors should guide me choosing a trustee?

You can no longer make ends meet and need to consult a debt professional. What should guide your choice? Do you feel like all licensed insolvency trustees are the same?

Financial difficulties are about numbers of course, but also an emotional aspect that we should not underestimate. This is why your choice should, of course, take into account the licensed insolvency trustee’s experience in personal finance, but should not be limited to that one aspect.

The trustee that you consult should have the skills to:

1. Perform a proper analysis of your finances, as the solutions that will come out of the meeting depend on it.
   Take the time to answer all your questions because this is probably the 1^st (and last) time you find yourself in such a situation. The jargon of the profession can sometimes be confusing!

2. Explain all the possible alternatives, ensuring that they are clear in their explanations.
   Indeed, emotions sometimes make us less objective, and our analytical capacity is diminished.

3. Understand the personal component to your situation because, beyond the numbers, lies a human being.
   Very often, financial difficulties emerge after a personal problem: separation, job loss, illness. Before tackling the more formal and financial side of the situation, your licensed insolvency trustee must take the time to listen to the client to make sure we understand the problem and reassure them.

Choosing the right firm of licensed insolvency trustees to analyze your financial situation is your first step towards better days.

If you have any questions, do not hesitate to contact us at 1 877 777-2433.