(music) This is Richard. Unable to pay his bills,
he is unsure what to do. On the advice of a close
friend, he contacts a Licensed Insolvency Trustee, a
profes­sional who is licensed by the Office of the Superintendent
of Bankruptcy Canada. While Licensed Insolvency
Trustees can and do handle bankruptcies, they can also
offer information about other possible options. These might include
reworking his budget, consolidating his debts,
selling his assets, or offering a proposal
to his creditors. Whatever option Richard
chooses, the trustee will thoroughly explain the process. Of course, Richard
has many questions, all of which the trustee
takes the time to answer. Richard is pleased to
get all this information from the trustee. Knowing the options allows him
to be confident he is taking the steps necessary to get his
financial house back in order. Are YOU in financial trouble? Not sure where to turn? Regulated by the Office of the
Superintendent of Bankruptcy Canada, Licensed Insolvency
Trustees are there to help-and they are the only
professionals who can file a consumer proposal or bankruptcy
application in your name. Visit our website to locate a
Licensed Insolvency Trustee in your area. While visiting our site,
you may want to view other videos that help explain
the options open to you. (music)