Call For a Free Consultation (416) 498-9200

We Can Help

The main goal of this blog is to help our website visitors better understand Bankruptcy. Through example and explanation we will try to take the mystery out of one of life’s most challenging lessons.

Since 1997 David Sklar & Associates has been successfully helping people in the Greater Toronto Area deal with Bankruptcy. Our extensive experience has given us a unique perspective and understanding – which we will be sharing with our readers in this blog.

Bankruptcy in Toronto is governed by two main pieces of legislation; the Bankruptcy and Insolvency Act (governs Bankruptcy and insolvency in all of Canada) and the Ontario Execution Act. (sets out which assets are exempt from a Bankruptcy settlement in Ontario). By law, Bankruptcies can only be filed in Canada by a Licensed Bankruptcy Trustee.

Important Note: Bankruptcy is the very last resort of debt removal – it is only to be taken when all other options have been explored with a Licensed Bankruptcy Trustee. At David Sklar & Associates, this initial consultation is free.

Bankruptcy is not an easy out, but as with most of life’s difficult challenges – it can be a process of learning, growth and positive renewal.

 


Recent Posts

RRSP Home Buyers Plan & Bankruptcy

A look at the RRSP Home Buyers Plan, repaying and how it is handled with Bankruptcy.

RRSP Home Buyers Plan & Bankruptcy>
Is Consolidation the same as Bankruptcy?

So what are the differences with consolidation and bankruptcy? Find out more on this important topic. Make the best financial decision & be debt free!

Is Consolidation the same as Bankruptcy?>
Licensed Insolvency Trustees vs Debt Consultants in Ontario

Trustee vs a Debt Consultant in Ontario In Canada, only a Licensed Insolvency Trustee is able to file a bankruptcy or file a proposal on your behalf. Debt consultants are .

Licensed Insolvency Trustees vs Debt Consultants in Ontario>
Insolvency Overview & Who’s Involved

A look at the Insolvency process, the duties and requirements of the debtor, creditor and the Trustee.

Insolvency Overview & Who’s Involved>
Property, Home Transfers & Sales in Bankruptcy

Reviewing the topic of Home & Property ownership before/during bankruptcy & what it can mean to your Bankruptcy.

Property, Home Transfers & Sales in Bankruptcy>
Declaring bankruptcy when going to school

Learn about the possible issues you can encounter regarding declaring bankruptcy when going to school.

Declaring bankruptcy when going to school>
Support payments not covered by a bankruptcy

Covering some of the different Support payments that are not covered by a bankruptcy.

Support payments not covered by a bankruptcy>
In case of bankruptcy is my primary residence at risk

Reviewing bankruptcy and your primary residence, covering some main details regarding questions you may have.

In case of bankruptcy is my primary residence at risk>
Bankruptcy and Foreign Property

Find out how to deal with with Bankruptcy and any foreign property you may own.

Bankruptcy and Foreign Property>
How does bankruptcy protection affect a company?

Find out how the Different Company Types are affected by bankruptcy in Ontario Canada.

How does bankruptcy protection affect a company?>
Start Today

Our Other Blogs


We Can Help

If your debt problems seem insurmountable – we can help. At David Sklar & Associates, our Licensed Debt ProfessionalsTM have the experience and knowledge to help you get out of debt. During your consultation, we will help you understand what your current financial situation is, how best to fix it, and how to move on to a better life. With six offices in the Greater Toronto Area – we are here to help.

Call Us Today For a Confidential & Free Initial Consultation Call 416-498-9200

or Get Started with Our Quick Assessment Form Today

Start Today