Many people think that Licensed Insolvency Trustees, also known as LIT’s, are just like any ordinary debt advisor or debt consultant however they are a much better choice for debt relief in Ontario. They are debt advisors and debt consultants in the sense that they do give information and advice on debt-related matters, but what distinguishes them from other consultants and debt advisors in Canada is that they are the only professionals licensed by the government of Canada through the Office of the Superintendent of Bankruptcy (OSB) to give advice and provide services on debt as well as insolvency-related matters. They have official permission or permit to do it, and as a consumer, a debtor looking for professional help to get out of debt, that’s basically a seal of guarantee that you’re getting advice from a qualified professional and it’s the best advice you can get anywhere in Canada.



