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POSITION PAPER 2001
Par-O-Law Canada Inc.
The Executive Document Series

Conclusion

Never before has there been so great a need for Financial Default Management™ Consultants and Debtor Representation.

Proper Guidance Assists Rehabilitation

Whether our economy is speeding up or slowing down, proper financial guidance in times of insolvency will help rehabilitate the individual debtor or business entrepreneur back into the financial business structure of society more quickly as is the intent of the Bankruptcy and Insolvency Act.

Trustees DO Play An Important Role

We at Par-O-Law are not denigrating Bankruptcy Trustees. Trustees have a very difficult role to play. Not only are Trustees carefully selected Officers of the Court, they are for the most part, honourable, compassionate people who are forbidden by their position to provide necessary guidance and direction to debtors in a manner that would create a benefit for the debtor.

Their Role is NOT For the Debtor

When we consider how Trustees generate public awareness for their individual companies we discover an opposite portrayal of their roll. Instead of being an Officer of the Court [forbidden to provide guidance and direction that would benefit a debtor], we find the Trustee advertising as the "Debtor's Advocate", and that is false advertising. That is a Conflict of Interest and there is no escaping it. It's now time for a change, and we at Par-O-Law are making the change.

Employers Getting Their Employees Help Improve Their Performance

Further; if individuals and management teams learn to recognize the symptoms of financial difficulty, and resolve to take advantage of the services offered by Par-O- Law Canada then the chances are that help and guidance from our highly trained counselors will lighten the burden and increase the benefit, not only for the business "bottom line", but for the very important quality of life for all concerned.

William (Bill) Lutton.
President & CEO
Par-O-Law Canada Inc.

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