# Drowning in Debt? Here's What a Licensed Insolvency Trustee Can Do for You

Page: https://stenobird.com/podcast/moolala-money-made-simple-with-bruce-sellery-325078/drowning-in-debt-here-s-what-a-licensed-insolvency-trustee-can-do-for-you
Text version: https://stenobird.com/podcast/moolala-money-made-simple-with-bruce-sellery-325078/drowning-in-debt-here-s-what-a-licensed-insolvency-trustee-can-do-for-you.md
Podcast: [Moolala:  Money Made Simple with Bruce Sellery](https://stenobird.com/podcast/moolala-money-made-simple-with-bruce-sellery-325078)
Published: 2026-06-24T10:51:00+00:00
Episode link: https://moolala.podbean.com/e/drowning-in-debt-heres-what-a-licensed-insolvency-trustee-can-do-for-you/
Audio file: https://dts.podtrac.com/redirect.mp3/mcdn.podbean.com/mf/web/jzgpiyxqgmwv2tyz/ep2618_Segment2-Caryl-Newbery-Mitchel.mp3
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Duration seconds: 765

## Resource

If you're struggling with debt you can't manage, a Licensed Insolvency Trustee (LIT) may be the most powerful resource you've never heard of. Caryl Newbery-Mitchell, Senior Vice President at MNP's Consumer Insolvency Practice, Canada's largest insolvency firm, explains what situations lead people to seek help, how a consumer proposal works, what an LIT can and can't do, and how to tell a legitimate trustee apart from the predatory debt advisors flooding social media. Connect with Caryl on Facebook, Instagram, LinkedIn, YouTube, X, TikTok, and Reddit.

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## Transcript

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