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What is a Licensed Insolvency Trustee?


Wednesday, February 24th, 2016 A.C. Waring

A new title, Licensed Insolvency Trustee (LIT), replaces the Trustee in Bankruptcy title in the context of consumer insolvency in Canada. For corporations and corporate bankruptcy, the existing name, Trustee in Bankruptcy, will continue to be used. This change results from a new Directive on Trustee Designation and Advertising, released on December 2, 2015 by…

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Avoiding Debt Overload When Starting a Business in Alberta


Thursday, February 11th, 2016 A.C. Waring

Starting a new business is both exciting and challenging, especially in the first year. If it works reasonably well and generates some profit, then business ownership can be rewarding, but if it doesn’t go as planned, you may have some regrets. Thirty percent of new businesses fail in the first two years and only fifty…

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