If I live in Canada, how can I find the right bankruptcy trustee to handle my personal bankruptcy? What should I look for in a trustee?
First, it’s important to understand the role of a personal bankruptcy trustee in Canada. The trustee does not work for you. The trustee does not work for the creditors. The trustee’s job is to make sure all parties follow the rules, like a referee in a football game.
It is therefore important that you find a trustee that will explain to you the rules in detail, and help you understand how the rules will be enforced.
There are many excellent resources dealing with personal bankruptcy in places like Calgary, Alberta, Canada, such as bankruptcycalgary, so researching your options before you try to choose a trustee is strongly recommended. The internet is a great place to do research to find a bankruptcy trustee.
Beyond the internet, another great way to find a trustee is by word of mouth referral. Ask your friends, family members and co-workers if they have any advice. If your friend had to file bankruptcy in Canada, he used a trustee. Ask him what trustee he used. Who was the trustee? What were they like? Were they helpful? Did they respond quickly to questions, or was it difficult to get answers?
Do they have experience? Bankruptcy law is very complicated, and someone just starting out may not have the wealth and breadth of experience to properly advise you.
However, someone who has been in the business for 50 years may not have the current knowledge or drive required, so our next piece of advice is obvious:
Before you sign any paperwork, meet with the trustee in person. Don’t just meet with a clerk; meet with the actual trustee who will be responsible for handling your file.
If the trustee seems genuinely interested in helping you work through your financial problems, then you have probably found the right trustee for you.
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