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In Canada, Bankruptcy and Consumer Proposals can only be administered by a Trustee in Bankruptcy,
who has been examined and licensed by the federal government.
Licensed Trustees are the only ones able to impose powerful legal restrictions on your
creditors. A trustee can also give useful information and detailed advice about your
debt relief options and advise you towards a solution.
A Trustee has a number of responsibilities that must be fulfilled during your bankruptcy,
for example: ¥ stopping collections and garnishees;
¥ determine if you have any assets which must be discussed;
¥ look into your prior transactions to check for any improper conduct;
¥ refer you to outside resources, if necessary, such as gambling or addiction counselling;
¥ manage and administer your bankruptcy generally