A trustee is a professional licensed by Industry Canada and regulated by the Office of the Superintendent of Bankruptcy and the Canadian Association of Insolvency and Restructuring Professionals. The licensed trustee in insolvency and restructuring advisors is responsible for administering the records governed by the Bankruptcy and Insolvency Act. Licensed by the Office of the Superintendent of Bankruptcy, the trustee ensures that the rights of creditors and debtors are respected. The trustee evaluates the debtor’s financial situation, proposes solutions and accompanies him or her in the process of resolving financial problems. He or she provides information and debt consolidation or bankruptcy services.