Notice to LITs – Debt Advisory Marketplace / Consumer Awareness

Date: Jul 12, 2023
By: admin

The Office of the Superintendent of Bankruptcy (OSB) is continuing its efforts to help Canadians experiencing serious financial difficulties find the right debt solution. These efforts include increasing consumer awareness about the unregulated Debt Advisory Marketplace and helping consumers identify reliable sources of debt assistance.

Building on the joint consumer alert issued by the OSB and the Canadian Association of Insolvency and Restructuring Professionals during Financial Literacy Month 2022, the OSB has developed consumer awareness material to help promote the Debt Solutions Portal, to warn Canadians about unregulated debt advisors and to point consumers to Licensed Insolvency Trustees (LIT)s for trustworthy advice.

With the goal of reaching as many consumers as possible, the OSB is seeking help from LITs to amplify the message through their websites and networks. To assist you, we are sharing the following products which are available on our website via the links below.


How to avoid paying unnecessary fees on your debt (
Money tips to improve your financial health (
How to spot sketchy debt advice (

Video and audio:

Worried about your debt? (

Should you wish to obtain copies of the articles, video and/or audio clip in order to upload/publish on your website, please contact OSB Communications (osbcommunications-

If featuring OSB content on your website, the content may not be altered and you must acknowledge the OSB as the source of the information with the appropriate citations below.

Source: Office of the Superintendent of Bankruptcy (2023):

How to avoid paying unnecessary fees on your debt.

Worried about your debt? [Video/Audio]

Money tips to improve your financial health.

How to spot sketchy debt advice.

In the coming weeks, the OSB will also be promoting these products via social media channels. So please stay tuned.

We thank you in advance for helping us help indebted Canadians.

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