What is a Licensed Insolvency Trustee?
Licensed Insolvency Trustees are government-licensed debt relief professionals, who help individuals and businesses get out of debt. They were previously designated as Bankruptcy Trustees, until the government changed the designation from Bankruptcy Trustees to Licensed Insolvency Trustees (LITs). LITs are federally regulated and are the only professionals authorized to administer government regulate insolvency proceedings like consumer proposals and bankruptcies to discharge people of their debt by:
- Informing them of the best way to get out of debt,
- Protecting their assets, such as their home, vehicle, or RRSP's, and
- Stopping legal action from creditors, including lawsuits and wage garnishments.
Meet Our Trusted Debt Relief Professionals
Martin Cyr, Licensed Insolvency Trustee
Martin Cyr is our Regional Practice Leader for Vancouver North and a Licensed Insolvency Trustee with the Insolvency & Restructuring practice of Farber Financial Group. His practice focuses on small businesses and corporate insolvency and restructuring, distressed financial advisory services. and corporate consultative advisory services, across a wide range of industries, including retail, manufacturing, cosmetics, hydro-electric, not-for-profit, and construction. Martin joined Farber Financial Group in 2007. Martin’s practice primarily focuses on helping business owners and professionals with their financial issues, with the goal of coming to an equitable resolution with all their creditors. Martin is often called upon to work directly with the Canada Revenue Agency (CRA), to help people avoid bankruptcy and negotiate a reduction in their tax debts.
Bridget van Wyk, Licensed Insolvency Trustee
Bridget is a Licensed Insolvency Trustee in the Insolvency and Restructuring practice of the Farber Financial Group. She is primarily responsible for providing debt solution services to individuals in British Columbia. Prior to joining A. Farber & Partners in 2015, Bridget managed the Consumer Insolvency business of a major accounting and insolvency firm in BC. She has also had extensive experience in corporate recovery engagements, across a broad range of industries including retail, medical, leisure and commodities. In addition, Bridget has also been involved in numerous assignments involving financial institutions in BC. Please call the numbers below to arrange a free, confidential consultation for you with Martin or Bridget at our A. Farber North Vancouver Insolvency Trustee office. At that meeting, they will review your financial situation and discuss all debt relief options available to you. This also includes bankruptcy and bankruptcy alternatives, such as Consumer Proposals in Surrey, before you make any decisions about what is the best way to get you out of debt.
Barry Crowe, Debt Solutions Manager
Barry is a Debt Solutions Manager with the Farber team in British Columbia. With extensive knowledge and experience in the consumer insolvency industry, he enjoys educating individuals on debt solution options and helping them make an informed decision that best suits their needs.
Prior to joining Farber, Barry was an Estate Manager with a major advisory and insolvency trustee practice in BC and also worked for a local debt solutions and credit counselling firm. He has over 15 years of experience leading teams who are clearly focused on customer centered service. Barry’s approach to meeting people with financial difficulties is always empathetic and understanding with a focus on helping the individuals look ahead to a bright future and a fresh financial start.
A Licensed Insolvency Trustee provides free debt advice
There are many debt relief options available to those who face financial difficulties. The kind of debt solution that you choose to use can be one of the most important decisions you will make. If you make the right decision, it will resolve your financial problems quickly and effectively, but if you choose the wrong option, your debt problems could drag on for a long time, become larger and harder to fix, and negatively impact your credit rating. That’s where a Licensed Insolvency Trustee comes in. Once you realize that you can’t cope with your debt anymore, you should seek professional advice from a trained debt expert, such as a Licensed Insolvency Trustee. A. Farber and Partners offers a free initial debt relief consultation – no strings attached. Our Licensed Insolvency Trustee in North Vancouver can sit down with you, review your debt, and inform you about all the various options available to you to get out of debt – not just bankruptcy, but also other, more popular debt relief solutions such as a consumer proposal or debt consolidation.
Bankruptcy or consumer proposal: which one is better?
Reaching the A.Farber & Partners office in North Vancouver
Griffin Business Centre
901 Third Street West
North Vancouver, BC V7P 3P9
Tel: (778) 400-3328