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Insolvency recovery for Canadian lenders

Processing bankruptcies, consumer proposals, credit counselling and dépôt volontaire files can be costly and onerous. From initial filing through to final payment processing, InsolvencyLink is the answer.

InsolvencyLink

Working with the Experts.


FCT is not only the largest provider of insolvency management services to financial institutions, we’re also the largest provider of software to Licensed Insolvency Trustees. As a result, 95% of all consumer insolvency filings pass through our system, providing us with unparalleled access to data, and we regularly review and highlight trends within that data that will be of interest to our customers.

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Rely on the experts to increase your recoveries

InsolvencyLink lets you efficiently outsource your in-house processes to industry experts, reducing your workload and increasing your recoveries.

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Insolvency managed services

 

Save time and money

Use our resources to leverage automated estate intakes, host system integration, and a direct connection to a majority of licensed insolvency trustees in Canada. This lets you focus on other important tasks. 

Gain wider access

InsolvencyLink stores transaction information, so creditors can easily access everything they need in a user-friendly interface. They can view scanned documents, track payments and dividends, customize reports and send documentation via email or automated fax software.

Process less paperwork

Many of the documents you currently file to the trustee are auto-populated within InsolvencyLink and automatically sent 
electronically.

Get expert service

FCT meets regularly with representatives of the regulator to stay on top of industry developments and regulatory changes.

Increase recoveries

Increase recoveries with our unique estate management strategies, combining a powerful and industry-leading software platform with our in-house experts.

Enhance voting power on consumer proposals

FCT provides managed insolvency services for several large creditors. This gives us the majority vote on many estates and can let us influence fair proposals in many cases.

Automatically track files

Stay consistently in the loop via an automated follow-up process including the automatic intake and notification of key documents as they’re received from the trustee or credit counselling office. 

Enjoy effortless dividend payment

Our estate administrators will receive payments from the trustees and directly submit batch funds to you via EFT.

How we can help

With our InsolvencyLink platform and dedicated default solutions team, we simplify the collection and recovery process for these four main types of insolvencies.

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Bankruptcies

Our business solutions specialists are experienced in dealing with licensed insolvency trustees, ensuring that we maximize the amount of funds.

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Consumer proposals

InsolvencyLink is about more than bankruptcies. If a debtor is looking to settle their debts, we will ensure that a fair settlement is obtained and funds are recovered.

Credit Counselor meeting with an older couple
Credit counseling

If you have a debtor that is overwhelmed with payments, but wants to work out a solution, we can help. We work with credit counsellors to help facilitate repayment.

Financial professional meeting with a young couple
Voluntary deposit

When a debtor is looking to avoid bankruptcy, a voluntary deposit is a possible solution. Our team is experienced with the legal aspects of this process and can set up a payment schedule.

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Orderly payment of debt*

A legal proceeding that will consolidate debts and is binding on all creditors and administered through FCT. The Court determines monthly payments, money is paid into the Court over a set period of time, after which payments are disbursed to creditors on the debtor’s behalf. 

Credit counseling services

How can you get more out of your recovery process?

 
InsolvencyLink lets you efficiently outsource your in-house processes to industry experts, reducing your workload and increasing your recoveries.

Streamline operations

Less paperwork and reduced touchpoints.

Gain wider access

InsolvencyLink stores transaction information so creditors can easily access everything they need in a user-friendly interface.
View scanned documents, track payments, customize reports and send documentation via email or automated fax software.

Enjoy effortless monthly payments

Our payment administrators receive payments from credit counseling agencies and directly submit batch funds to you via EFT.

Automated and instant decision making

Real-time automated acceptance or rejection. Includes automated responses to credit counseling agencies so monthly payments can start without delay.

Credit counseling program adherence monitoring

Our administrators monitor matters for missed payments and remove debtors from the program so accounts can be returned to collections in a timely manner.

Relationships with credit counseling service agencies

We have contacts within the not-for-profit national association and accrediting body Credit Counselling Canada, and their members.

Find out how we can help you.

To learn more about how FCT can help you, contact us today.

*This option is available in select provinces under the Bankruptcy and Insolvency Act.

Services by First Canadian Title Company Limited. The services company does not provide insurance products. Some products/services may vary by province. Prices and products/services offered are subject to change without notice.

®Registered Trademark of First American Financial Corporation.