Administer proposals, bankruptcies and manage assets held in trust.
Individuals can find themselves in financial difficulty for a multitude of reasons. However, the proper and appropriate management of the problem by a Registered Trustee in Bankruptcy can be crucial to its successful resolution.
The Nominee/Trustee in bankruptcy can allow for maximum realization of assets of the individual for distribution to all creditors and assist the individual in obtaining a discharge. In situations where a dispute arises between the individual and creditor(s), the Nominee/Trustee in bankruptcy can act as a mediator through a mutually agreeable proposal and following through with this.