Longueuil Office

Bankruptcy Trustee in Longueuil

Choose a team of licensed bankruptcy trustees whose mission is to free you from your debts and help you move towards a healthier financial situation.

In person, by phone or video conference

We solve your worries

In a time three movements!

Mon problème en quelques lignes:

Pour vous répondre adéquatement, nous avons besoin de quelques information.
Par lequel de nos bureaux préférez-vous être contacté?

M. Roy & Associés - Licensed Insolvency Trustee Serving Longueuil

If you are experiencing financial difficulties, our teams of licensed insolvency trustees and financial reorganization advisors located in Longueuil can help you. We will guide you towards the most effective method for starting a new debt-free beginning. The consumer proposal represents a good alternative for you to reduce the amount of your monthly payments.

If the proposal is not possible in your situation, personal bankruptcy would be a solution to regain your financial freedom and, more importantly, to eliminate your debts.

Our Process

Are you looking for a risk-free repayment plan to avoid seizure?

Are you caught in a cycle of excessive debt?

We have the perfect solution for you!

How does it work?

We establish a clear and structured plan

Our goal is to get you out of debt as quickly as possible, develop a payment plan that you can easily follow, avoid stress, and protect your current assets.

After reviewing the state of your current finances, we develop a new plan tailored to your short-term debt management needs and long-term financial expectations. Fees include the entire program, from resolving your financial concerns to restoring your credit.

We assist you and consolidate your debt.

Our role is to provide assistance to you, the debtor (“client”), and establish a reasonable new payment plan to settle your debts. This plan may take the form of a comprehensive budget program or the application of the Bankruptcy and Insolvency Act (the “Act”).

Only a licensed insolvency trustee (formerly a “bankruptcy trustee”) can help you undertake this process. The trustee is a neutral officer of the court who must act on behalf of the creditors as a fiduciary. It is therefore imperative that you obtain your own representation for any major decision. If properly structured, the proposal will generally allow you to repay a portion of what you owe, and it is quite common for our clients to eliminate 80% of their debts. Creditors prefer the proposal to bankruptcy, as the latter does not allow them to recover the amount of the debt.

We help you rebuild your credit score

Preparing a budget and restoring credit are the keys to the success of any debt management plan. When the new proposal is underway, we will discuss the next steps with you. Our advisors, with extensive experience and a humane attitude, are available to inform you about your credit file and the relevance of maintaining a strong credit profile, to help you understand how to effectively manage your credit and remain debt-free.


Our solutions

Debt Consolidation

This is a debt management option where a financial institution grants you a loan that will be used to pay off all of your creditors.

Personal bankruptcy

Personal bankruptcy is considered as a last resort solution as it allows for a reduction of a portion of your debts. It is considered when other options are not viable.

Consumer Proposal

Personal bankruptcy is considered a last resort to reduce a portion of your debts, as it is only considered when other options are not viable.

Commercial bankruptcy

When a company is no longer profitable, commercial bankruptcy is considered. This solution involves the trustee liquidating the company's assets to repay the creditors.

Business proposal

The concordat proposal is a debt reduction solution that involves negotiation to obtain a mutually acceptable payment agreement for both parties.


To Contact Us

Office opening hours

Monday to Thursday – 8:30 a.m. to 7:00 p.m.
Friday – 8:30 a.m. to 3:30 p.m.

Possibility of meeting in the evening

Interactive Map



Licensed bankruptcy trustee in insolvency (LIT) are key players in the bankruptcy and insolvency process. Their main objective is to facilitate the resolution of financial problems encountered by debtors, whether individuals or companies. They act as intermediaries between debtors and creditors, encouraging dialogue and the search for acceptable solutions.

By assessing debtors' financial health, trustees determine whether bankruptcy is the appropriate solution, or whether another option, such as a consumer proposal, would be better suited to the situation. When bankruptcy is unavoidable, they manage the liquidation of the assets of the indebted person or company. The funds obtained are used to repay creditors.

Being regulated by the government, bankruptcy trustees are bound by strict ethical guidelines. Their essential role is to assist indebted persons in a fair and structured manner throughout the bankruptcy process. In this way, they guarantee fair and impartial treatment for all parties involved.

Anyone facing serious financial difficulties, such as the inability to repay debts, should contact a trustee in bankruptcy. The licensed bankruptcy trustee in insolvency (LIT)  will then be able to advise them on the options available and how to proceed.

Bankruptcy proceedings can be initiated either by the debtor (voluntary bankruptcy) or by creditors (forced bankruptcy). A forced bankruptcy is declared by creditors when the debtor finds himself unable to meet his obligations.

The trustee's mission includes administering the bankruptcy or insolvency process in a fair and orderly manner. The trustee represents the interests of the debtor as well as those of the creditors.

In the event of bankruptcy, the licensed insolvency trustee (LIT) assesses whether the sale of your vehicle will generate a substantial profit. In most cases, a car that is still under financing has no significant resale value. Usually, the value of the car is less than the outstanding balance, as vehicles lose value over time.

Under bankruptcy law, if your vehicle is necessary (and not just useful) for your work, it is possible to keep it. However, if your car has a high resale value, and you have access to public transport, your vehicle could be seized. However, if you live far from public transport services, it's likely that you'll be able to keep your vehicle. As each case is unique, it's up to the trustee to decide in these situations.

To begin the bankruptcy process, make an appointment with one of our advisors to assess your financial situation. During this initial, confidential, no-obligation meeting, we'll examine the best options for you. If bankruptcy is unavoidable, we will file the necessary documents with the Office of the Superintendent of Bankruptcy (OSB). This legal process triggers the protection of the Bankruptcy and Insolvency Act. 

Your creditors will be notified, and all interactions with them will take place through our office. You will be required to meet agreed monthly payments and attend two mandatory counselling sessions to receive financial advice. 

Once you've fulfilled your obligations, you'll be released from your debts. Your credit file will carry a bankruptcy notation for 6 to 14 years, depending on your bankruptcy history.

Emerging from bankruptcy means complying with the terms of the repayment plan drawn up by the trustee. It may also involve resuming responsible financial management to avoid similar difficulties in the future. Once you are discharged from bankruptcy, most of your debts will be erased. 

Bankruptcy can have a variety of effects on individuals and businesses. These include loss of assets, reduction in credit rating, and long-term legal and financial implications. 

When an individual declares bankruptcy, this information appears on the credit file, resulting in a drop in credit rating. This can make it difficult to obtain credit or loans in the future.

Depending on your financial situation, the duration of your personal bankruptcy can vary from 9 to 36 months. However, it is important to note that it can be extended if you have already filed for bankruptcy three times or more.

Scroll to Top