LCTaylor Licensed Insolvency Trustee

What LCTaylor Licensed Insolvency Trustee does

LCTaylor Licensed Insolvency Trustee (legal name: L.C. Taylor & Co. Ltd.) is a privately held, Winnipeg-based Licensed Insolvency Trustee firm founded in 1992 that has served over 50,000 individuals and families across Manitoba and Northwestern Ontario. The firm is led by four Licensed Insolvency Trustees — Leigh C. Taylor (B.A., CPA, C.I.R.P., LIT), Jillian Taylor-Mancusi (B.A., C.I.R.P.), Bonnie Hooley (B.S.W., C.I.R.P.), and Yelena Riazanski (C.I.R.P.) — and operates with a 9-person team from a single office at 386 Broadway, Suite 605, Winnipeg. The company's core offerings are government-regulated debt relief services under the Bankruptcy and Insolvency Act: Consumer Proposals (formal, legally binding settlements allowing debtors to repay a portion of unsecured debt over up to five years), Bankruptcy administration (9–21 months for first-time filers), and ancillary services including credit counselling, debt consolidation, wage garnishment relief, and corporate receiverships. A basic 5-step Consumer Proposal Calculator on the website serves as a top-of-funnel qualification tool.

LCTaylor generates revenue through managed-services and professional-services fees bundled into Consumer Proposal and Bankruptcy payment plans, rather than charged upfront. As a federally regulated LIT, the firm is the only type of entity legally authorized to file these debt solutions in Canada, providing a structural regulatory moat. Distribution is heavily inbound: free no-obligation consultations are delivered in person at the Winnipeg office, by phone, or virtually, with services offered in eight languages (English, Cantonese, French, Hebrew, Polish, Portuguese, Russian, Ukrainian). The go-to-market motion is sales-led, supported by an active blog (100+ articles authored by LITs), a debt-focused podcast, organic social media presence across Facebook, Twitter/X, YouTube, Instagram, and LinkedIn, community sponsorships (e.g., Bark in the Park 2025), and earned media (Global News feature). The firm holds affiliations with CAIRP, Manitoba Chambers of Commerce, and Winnipeg Chamber of Commerce, and reports 52 Google reviews.

The business model is fundamentally a regulated professional services practice rather than a technology-led or scalable venture. With no disclosed revenue, no funding history, no external investors, and no parent entity, LCTaylor appears to be a family-owned, independent firm benefiting from 30+ years of local brand equity and regulatory licensing. Demand is countercyclical — rising in periods of consumer financial stress — but the firm's scale, geographic restriction to Manitoba and Northwestern Ontario, and absence of tech-enabled leverage suggest a stable local practice rather than a growth-stage business. Expansion signals are limited to incremental improvements such as multilingual access, content marketing, and self-service digital tools.

Name

LCTaylor Licensed Insolvency Trustee

Legal name

L.C. Taylor & Co. Ltd.

Website

https://lctaylor.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

LCTaylor Licensed Insolvency Trustee is a privately held, Winnipeg-based Licensed Insolvency Trustee firm founded in 1992 that administers Consumer Proposals, bankruptcy filings, and credit counselling for over-indebted individuals and families across Manitoba and Northwestern Ontario.

Ownership category

akta.pro rank

Product category

Insolvency and Debt Relief Services

NAICS

Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Debt Settlement & Negotiation Services (FSAEAFAC)

akta.pro secondary industry

Collections & Creditor Negotiation Support (Debtor-Side) (FSAEAFAI)

Keywords

• Insolvency trustee services
• Debt relief solutions
• Consumer proposal administration
• Bankruptcy filing services
• Credit counselling

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Consumer Proposal Administration: LCTaylor administers Consumer Proposals on behalf of debtors, filing them with the Office of the Superintendent of Bankruptcy. Fees are included in the monthly payment determined by the proposal terms and are paid through the settlement to creditors — not charged upfront to the client. A Consumer Proposal allows debtors to pay back a portion of unsecured debt over up to five years, with the LIT's administration costs bundled into the monthly payment.
2. Bankruptcy Administration: LCTaylor administers bankruptcy filings as a Licensed Insolvency Trustee. Payments are based on income, non-discretionary expenses, and household size. If the debtor has surplus income above federal guidelines, 50% is paid to the Trustee for distribution to creditors. Bankruptcy typically takes 9 months (first-time, no surplus income) or 21 months (with surplus income).
3. Credit Counselling and Financial Guidance: LCTaylor provides financial counselling sessions (two mandatory sessions for bankruptcy and Consumer Proposal filers) as part of their managed service offering. They also provide informal debt counselling and budget planning advice during the free initial consultation.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

LCTaylor is a federally Licensed Insolvency Trustee firm that administers government-regulated debt relief services under the Bankruptcy and Insolvency Act for individuals and families in Manitoba and Northwestern Ontario. Its core offerings are the administration of Consumer Proposals (legally binding debt settlement offers allowing repayment of a portion of unsecured debt over up to five years) and personal bankruptcy filings (typically completed in 9–21 months). Supporting services include credit counselling, debt consolidation guidance, wage garnishment stoppage, and corporate receiverships.

Product overview

LCTaylor is a Licensed Insolvency Trustee firm offering a suite of government-regulated debt solutions centered on Consumer Proposals and Bankruptcy Services. The primary offerings include an interactive Consumer Proposal Calculator tool for initial self-assessment, Bankruptcy filing services, and Consumer Proposal administration under the Bankruptcy and Insolvency Act. Supporting services include Credit Counselling, Stop Wage Garnishment assistance, Debt Consolidation, and Receiverships for businesses. The firm operates exclusively in Manitoba and Northwestern Ontario, providing personalized consultations in person, by phone, or virtually. The product portfolio functions as an integrated service offering where the Consumer Proposal Calculator serves as an entry point for prospective clients, leading to personalized debt assessment and customized solution recommendations delivered by Licensed Insolvency Trustees.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Proposal Manitoba A formal, legally binding debt settlement offer filed under the Bankruptcy and Insolvency Act (BIA) by a Licensed Insolvency Trustee, allowing over-indebted individuals in Manitoba and Northwestern Ontario to repay a portion of their unsecured debt over up to five years and keep their assets.
• Bankruptcy Services Federal government-approved personal bankruptcy filing administered by Licensed Insolvency Trustees to help honest but unfortunate debtors eliminate unsecured debt and achieve a financially healthy fresh start, typically completed in 9 months (first-time, no surplus income) or 21 months (with surplus income).
• Credit Counselling Manitoba Financial counselling provided to individuals filing bankruptcy or consumer proposals (two mandatory sessions) and informal debt counselling and budget planning offered during the free initial consultation, to help clients build long-term financial literacy.
• Debt Consolidation Debt management solution that combines multiple debts into a single loan, often at a lower interest rate, to simplify payments for individuals exploring alternatives to insolvency.
• Stop Wage Garnishment Manitoba Service to halt wage garnishment and creditor collection actions through the legal protection that takes effect immediately upon filing a bankruptcy or consumer proposal.
• Receiverships Corporate insolvency service providing court-appointed or secured creditor-appointed receivers to manage or liquidate business assets for small businesses and secured creditors in Manitoba and Northwestern Ontario.

Quantifiable outcome

• 50,000+ Manitobans helped over 30+ years of operation
• +3 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• CAIRP (Canadian Association of Insolvency and Restructuring Professionals)coreStrategic or Co-development PartnerCAIRP is the professional association for Licensed Insolvency Trustees in Canada. LCTaylor is listed as affiliated/trusted by CAIRP. This affiliation signals professional standing and regulatory compliance, and connects LCTaylor to the national LIT community and its standards.
• Office of the Superintendent of Bankruptcy (Canada)coreStrategic or Co-development PartnerLCTaylor operates under the regulatory oversight of the federal Office of the Superintendent of Bankruptcy (OSB), which licenses and governs all Licensed Insolvency Trustees in Canada under the Bankruptcy and Insolvency Act. This is a mandatory regulatory relationship — not a voluntary partnership — but it is the foundational authorization enabling all of LCTaylor's services.
• Manitoba Chambers of CommerceminorStrategic or Co-development PartnerLCTaylor holds a Trusted By affiliation with the Manitoba Chambers of Commerce, indicating membership and recognition within the Manitoba business community. This supports local credibility and networking within the firm's primary service geography.
• Winnipeg Chamber of Commerce (WCC)minorStrategic or Co-development PartnerLCTaylor is listed as a Trusted By member of the Winnipeg Chamber of Commerce. This membership reflects local business community recognition and provides networking opportunities within Winnipeg's business ecosystem.
• Global NewsminorGTM or Marketing PartnerLCTaylor was featured on Global News (Winnipeg) in a segment on teaching kids to be money-conscious. This earned media appearance provides brand visibility and credibility as a trusted financial advice source in the Manitoba market.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Others

• Credit Counselling Society: Credit Counselling Society is a Canadian non-profit credit counselling agency offering debt management plans and financial education. Adjacent to LCTaylor's services (overlap on counselling, distinct from LIT-administered Consumer Proposals/bankruptcies) and an upstream alternative in the consumer-debt funnel.

Direct peers

• Bromwich+Smith: Bromwich+Smith is a Western Canada-based LIT firm offering consumer proposals, bankruptcy, and credit counselling. Comparable service line to LCTaylor with similar educational-content marketing approach but broader geographic footprint.
• Sands & Associates: Sands & Associates is a BC-based LIT firm serving consumers across British Columbia with Consumer Proposals and bankruptcy services. Comparable in service offerings and small-to-mid firm structure to LCTaylor.
• Grant Thornton Debt Solutions: Grant Thornton operates a national LIT and restructuring practice in Canada, directly competing with LCTaylor in personal insolvency and corporate receiverships. Comparable service offerings paired with multi-province reach and Big-6 accounting parent brand.
• Hoyes Michalos & Associates: Hoyes Michalos is an Ontario-based LIT firm focused on consumer debt solutions with strong digital marketing. Comparable service offering to LCTaylor and a benchmark for content-led acquisition in the LIT category.
• D. Thode & Associates: D. Thode & Associates is a Saskatchewan-based LIT firm offering consumer debt solutions including Consumer Proposals and bankruptcy filings. Regional peer with similar service focus and customer base on the prairies.
• MNP Debt Solutions: MNP is one of Canada's largest Licensed Insolvency Trustee practices, operating nationally with dedicated consumer debt solutions and corporate restructuring arms. It is the most directly comparable competitor to LCTaylor, with similar Consumer Proposal and bankruptcy services but far greater scale and multi-province coverage.
• David Sklar & Associates: David Sklar & Associates is a Toronto-based LIT practice offering Consumer Proposals, bankruptcy, and credit counselling. Directly comparable to LCTaylor in service mix and target customer, though operating in a more competitive urban Ontario market.
• Farber Financial Solutions: Farber is an independent Canadian LIT and financial advisory firm offering Consumer Proposals, bankruptcy, and debt counselling. It is a focused peer comparable in service mix and LIT-led model, though operating at multi-province scale.
• BDO Canada Debt Solutions: BDO Canada operates a national Licensed Insolvency Trustee practice within its broader accounting and advisory firm. It delivers the same Consumer Proposal and bankruptcy services as LCTaylor with the added brand and cross-sell strength of the BDO accounting network.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/winnipegtrustee
• YouTubeyoutube.com/channel/UCduvh5ijU4GTB8EYBjsD8cQ
• Facebookfacebook.com/LCTaylorTrustees
• LinkedInlinkedin.com/company/l-c-taylor
• Instagraminstagram.com/lctaylortrustees

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LCTaylor Licensed Insolvency Trustee