Consumer Proposal and Bankruptcy North York West

If you are thinking about declaring bankruptcy in North York, the Licensed Debt Professionals™ at David Sklar & Associates can help.

Since 1997, we have helped thousands of people in the Greater Toronto Area get rid of their crippling debt and build better financial futures.

At the David Sklar & Associates, Trustees in Bankruptcy North York West office – our Licensed Debt Professionals™ will help you discover what your debt solution options are. They will give you the knowledge that you need to make the best decision for your situation.

We offer a free, no-obligation, professional consultation at all of our 6 Greater Toronto Area Offices. Call 416-498-9200 to book your free consultation today – or fast track by completing our online Quick Assessment Form.

In addition to our North York West office at 1280 Finch Avenue West, we offer a second office in North York at 245 Fairview Mall Drive.

David Sklar & Associates Inc. – Head Office - Suite 720, 245 Fairview Mall Drive, North York, Ontario M2J 4T1

Greater Toronto Area Offices – Location Details:

Toronto | Mississauga – Etobicoke | North York – Scarborough | North York West | Pickering – Ajax | Brampton

Your Free Consultation

During your free professional and confidential consultation, we will review your financial situation in detail and discuss all of your options.

Bankruptcy is not the only choice that may be available to you – and you owe it to yourself to find out about all of your options.

If your finances can not be repaired by budgeting, debt management programs, or debt consolidation – then you may be eligible for government-regulated alternatives to bankruptcy that will get rid of your debt.

Consumer Proposals & Division 1 Proposals - Avoiding Bankruptcy North York West

The same law that governs bankruptcy in Canada offers two less well-know options called consumer proposals and division 1 proposals.

A consumer proposal is a legally binding agreement between you and your unsecured creditors where you repay a portion of your unsecured debt over a period of up to 5 years. At the end of those 5 years, if you have honoured all the conditions of your proposal, you will be released from the unsecured debt covered in your proposal.

During the consumer proposal, your unsecured creditors will stop all collection efforts, discontinue charging interest and halt any legal actions against you.

A division 1 proposal (which is similar to a consumer proposal), is for business who owe any amount of unsecured debt and individuals who owe over $250,000 in debt (not including the mortgage on their main home).

Why Use a Licensed Trustee in Bankruptcy?

In Canada – only trustees in bankruptcy are licensed to file bankruptcies and proposals. Trustees earn their licenses through years of study, training and testing. The Office of the Superintendent of Bankruptcy regulates and monitors trustees, ensuring the highest levels of competency and adherence to strict codes of conduct.

To book your free consultation at the David Sklar & Associates, Trustee in Bankruptcy, North York West office or any of our 6 GTA offices call 416-498-9200

David Sklar & Associates Inc - Greater Toronto Ontario Bankruptcy Trustee
Consumer Proposals ~ Debt Consolidation ~ Debt Management ~ Bankruptcy
Toronto ~ Mississauga – Etobicoke ~ North York – Scarborough ~ North York West ~ Pickering – Ajax ~ Brampton