Licensed insolvency trustee
A Licensed Insolvency Trustee (LIT) is a private-sector professional that is federally regulated and authorized by the Superintendent of Bankruptcy to manage insolvency proceedings in accordance with the Bankruptcy and Insolvency Act.[1] Licensed insolvency Trustees are generally members of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP).[2]
References
[edit]- ^ "What is a Licensed Insolvency Trustee?". Office of the Superintendent of Bankruptcy. 2016. Retrieved 2025-07-21.
- ^ Brochu, Denis (2022). Précis de la faillite et de l'insolvabilité (in French) (6th ed.). Montreal: LexisNexis Canada Inc. p. 38. ISBN 9780433514718.
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