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The Executive Document Series
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.
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.
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.
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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