What Really Happens When You Meet a Licensed Insolvency Trustee in Canada?
Introduction When debt becomes overwhelming, it can feel hard to know where to turn. Meeting with a Licensed Insolvency Trustee (LIT) is often the first step toward getting…
Author: PAUL FRANCHI
Paul Franchi, J.D., MBA, CIRP, LIT is a Licensed Insolvency Trustee based in Toronto and the Greater Toronto Area, providing regulated insolvency services across Ontario.
He advises on personal bankruptcy, consumer proposals, and business insolvency matters, and publishes analysis on financial distress, credit markets, and restructuring strategies affecting individuals and businesses across Canada.
His professional background includes law (criminal and family litigation), financial services experience in New York City’s investment management sector, and insolvency practice in Canada.
He is a Licensed Insolvency Trustee (LIT), Chartered Insolvency and Restructuring Professional (CIRP), a member of the Law Society of Ontario, and holds a J.D. and MBA.
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Canadian professionals’ Guide to Debt Consultant Pitfalls: Lessons from the UK and Australia
The integrity of Canada’s insolvency system is anchored in two normative pillars: independence of the Licensed Insolvency Trustee (LIT) and unimpeded access to impartial advice at first contact….
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Stopping CRA Garnishments and Bank Freezes: A Practical Guide for Canadian Business Owners
When the Canada Revenue Agency (CRA) pursues your business debts through garnishments or freezes your bank accounts, it can cripple your operations and cause overwhelming stress. In case you…
