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Bankruptcy in Québec: Is it Trivial?

Advisors to individuals


In recent news, the issue of the actual impacts of bankruptcy in Québec has resurfaced. Daniel Germain, from Les Affaires, sat down to speak with Éric Lebel, partner and Licensed Insolvency Trustee, to demystify the consequences of bankruptcy.

From Trustee in Bankruptcy to Licensed Insolvency Trustee (LIT)

Advisors to individuals


Trustees in bankruptcy have a new designation—Licensed Insolvency Trustee—since April 2016. Trustees have been lobbying the Canadian government’s Office of the Superintendent of Bankruptcies (OSB) for many years for a new designation that more accurately describes the breadth of their services and clarifies their role. Why not Trustee in Bankruptcy? The OSB defines a Licensed Insolvency Trustee (LIT) as a federally regulated professional who provides advice and services to individuals and businesses with debt problems. Because an LIT helps people make informed choices to deal with their financial difficulties, the previous designation was too restrictive in terms of what they could do for consumers. Consumers may also have been reluctant to deal with a trustee in bankruptcy to find alternatives to their debt problems .The new title help to offset the negative perception. Knowing the difference The new designation makes […]

The Home Equity Line of Credit: Is It Really for You?

Advisors to individuals


Are you among the 25% of Canadian owners who are only paying interest or the bare minimum on their home equity line of credit? Pier-Paul Belzil-Lacasse, Lead Senior Manager, Turnaround and Licensed Insolvency Trustee, comments on the situation and offers advice for properly managing a home equity line of credit.

Congratulations to Our Three New Trustees

Our team


Our heartfelt congratulations to Philippe Daneau, Sophie Desautels and Jean-Denis Losier, from the Recovery & Reorganization Group, for obtaining their Trustee license from the Office of the Superintendent of Bankruptcy Canada (OSB)!

Personal finance tips

Advisors to individuals


In connection with his regular finance segment on Radio-Canada radio, Pier-Paul Belzil-Lacasse from RCGT shares a series of practical tips.

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