Debt doesn’t usually arrive as one big number. It shows up as a stack of smaller ones, a credit card here, a line of credit there, maybe a tax balance that keeps growing interest. By the time someone searches for help, they’re often dealing with multiple creditors and no clear sense of which option actually fits their situation.
Litvack Group is a Licensed Insolvency Trustee practice serving Ontario. It works with consumer proposals, bankruptcy filings and other debt relief options and it opens every relationship with a free, confidential consultation. This review looks at what that process involves, what sets the firm apart from larger insolvency practices and who it actually suits.
What is the Litvack Group?
A Licensed Insolvency Trustee (LIT) is the only professional in Canada legally authorized to file consumer proposals and bankruptcies on a person’s behalf. Litvack Group holds that license and is regulated by the Office of the Superintendent of Bankruptcy Canada, the federal body that oversees insolvency practice across the country. That’s a meaningfully different standing from a debt consultant or credit counsellor, who can offer advice but can’t legally file a proposal or discharge debt through the courts.
The practice works specifically with Ontario residents, walking them through the range of formal debt relief tools available under Canadian insolvency law, from consumer proposals that reduce and consolidate what’s owed, to bankruptcy for situations where a proposal isn’t realistic. Every new file starts the same way: a free, confidential consultation where someone reviews your numbers before you commit to anything.
How Litvack Group Works
The process starts with that initial consultation, where the firm reviews income, debt load and assets to figure out which legal option actually fits. From there, most clients fall into one of two paths. A consumer proposal lets you repay a portion of what you owe, interest-free, over a set period, while keeping your assets. Bankruptcy is the other route, used when a proposal isn’t workable or when someone needs a faster, more complete reset.
What separates the day-to-day experience here from a lot of larger firms is who actually handles your file: a small team stays with you from the first call through to discharge, rather than routing you to a different representative every time you reach out. That matters more than it sounds, because insolvency cases often involve back-and-forth over months and repeating your situation to a new person each time adds friction nobody needs when they’re already stressed about money.
The Trustee is Actually Reachable
Plenty of debt relief outfits advertise access to a Licensed Insolvency Trustee, but in practice your file gets reviewed by a trustee you never speak with directly. At Litvack Group, the trustee personally reviews each file and is someone clients can actually reach, not a name attached to paperwork handled entirely by call centre staff.
That distinction is worth paying attention to when you’re comparing insolvency practices, because the legal filing itself has to carry a trustee’s sign-off regardless of who you talk to day to day. The difference is whether that person is accessible when you have a question about your specific case, or whether you’re routed through tiers of support staff first.
No bouncing Between Departments
Large financial service firms often split functions by department: intake, case management, legal filing, collections liaison. Each handoff is a chance for details to get lost or for a client to repeat themselves. Litvack Group structures its service around a small team that knows your name and your situation, instead of passing files between departments.
This continuity shows up before someone even signs on. The firm aims to respond quickly to questions and requests both before and after someone becomes a client, rather than treating the pre-engagement period as a lower priority. For anyone comparing a few firms before deciding, how fast and how clearly a firm answers early questions is a reasonable proxy for how they’ll handle you once you’ve signed paperwork.
Consumer proposals vs. Bankruptcy: what the choice actually involves
Neither path is automatically better. A consumer proposal usually makes sense when you have steady income and want to avoid the asset and credit implications of bankruptcy, since it lets you keep property while repaying a negotiated portion of your debt over time. Bankruptcy tends to fit situations where income is limited, debt is overwhelming relative to assets, or a proposal creditors would accept isn’t realistic.
The free consultation exists precisely to sort that out before you’re locked into anything. It’s also the stage where a trustee explains what happens to assets, how long a given process runs and what the practical effects are on credit reporting. The Financial Consumer Agency of Canada publishes general background on how insolvency options work in Canada if you want a second, independent explanation before your consultation.
Where it fits and where it doesn’t
Litvack Group is built for Ontario residents dealing with debt serious enough to need a legal remedy, not for someone looking for budgeting tips or a one-off credit counselling session. If your situation involves multiple creditors, mounting interest, or collection pressure that’s become unmanageable, the formal options a Licensed Insolvency Trustee can file are the right category of tool to be looking at.
It’s less suited to people whose debt is manageable through negotiation or a repayment plan on their own, since a formal proposal or bankruptcy filing has real, lasting effects on credit history. Readers who want to understand federal relief options beyond insolvency might also find this rundown of government debt assistance programs useful context before deciding which route to pursue. And for anyone whose debt stems from a specific accident or injury claim, it’s worth understanding how legal settlements can intersect with debt negotiations before folding everything into one insolvency filing.
Strengths worth noting
Continuity of care. One team handles your file start to finish, which cuts down on the repeated explanations that come with being passed between departments at larger practices.
Direct trustee access. Your file gets a personal review from the Licensed Insolvency Trustee, not just intake staff, which matters when questions come up mid-process.
Federal regulation. The firm operates under the Office of the Superintendent of Bankruptcy Canada, the regulator that governs every licensed trustee in the country, giving clients a formal oversight body to fall back on.
No-cost entry point. The consultation carries no charge and no obligation, so you can get a clear read on your options before making any decision.
Honest limitations
The practice focuses specifically on formal insolvency solutions, consumer proposals and bankruptcy, so it isn’t the right stop for someone who just wants general budgeting coaching or informal debt negotiation outside the legal system.
Because the work centres on Ontario, anyone outside the province will need a trustee licensed in their own jurisdiction instead. And like any insolvency filing, a consumer proposal or bankruptcy carries real credit consequences that last years, a trade-off of the formal route itself rather than anything specific to this firm.
The Verdict
For Ontario residents who need a legally binding way out of unmanageable debt, Litvack Group covers the core ground: a licensed, federally regulated trustee, a small continuous team instead of rotating staff and a free consultation that lets you understand consumer proposals and bankruptcy before committing to either. The direct access to the trustee is the clearest point of difference from firms where your file gets reviewed by someone you’ll never actually speak to.
If your debt has reached the point where a formal legal remedy is the realistic option, start with the free consultation and get a straight answer on which path, proposal or bankruptcy, actually fits your numbers.