For the convenience of our visitors, we have included information pages that help to explain some of the basic concepts of Proposals and Bankruptcy. This web site is designed to provide general information only, it is not intended to provide insolvency advice and should not be acted on without consultation with professional insolvency advisors.

If you are dealing with serious financial issues, we strongly recommend you contact a Licensed Bankruptcy Trustee in your local area. In the Greater Toronto Area, David Sklar & Associates offers a Confidential & Free Initial Consultation during which one of our certified professionals will review your current finances and go over the solutions available to you. Call 416-498-9200 to book your Free Consultation at one of our six conveniently located Greater Toronto offices.

FAQ >
Brief answers to questions our clients most often ask us

Glossary >
Some of the basic Proposal & Bankruptcy terms

Consumer Proposal >
What it is, its benefits and implications

Consumer Proposal Process >
How the Consumer Proposal process works

Personal Bankruptcy >
What it is, its benefits and implications

Personal Bankruptcy Process >
How the Personal Bankruptcy process works

Consumer Proposals vs Personal Bankruptcy >
Explains difference between these two solutions

Division I / Corporate Proposal >
For Businesses and those Individuals with debts over $250,000 (excluding their primary residence mortgage).

Corporate Bankruptcy Page >
 What it is, its benefits and implications

Insolvency >
What it is, how it is determined

Credit Rating >
Overview of credit Ratings and Credit History Records

Debt & Debt Management >
Learn about your debt load and how to manage it

Debt Consolidation Loans >
Learn the real costs of these loans and the alternatives

Eliminate Credit Card Debt >
How to find your way out of Credit Card Debt

Using Credit Wisely >
Learn the techniques for using Credit Wisely

Budget >
How to set up your own budget

Debt Fast Fix >
Fast fixes for reducing your debt load

Financial Dangers >
Warning signs that you might be heading for financial problems

Dealing with Collection Agencies >
Your rights and responsibilities

Garnishments >
What they are and how to deal with them

Cutting Expenses >
Great ideas for getting and keeping your debt load under control

Income Taxes >
Special Debt – how are income taxes handled in Proposals and Bankruptcies

Student Loans >
Special Debt – what you need to know if you have Student Loans

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