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.
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.
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).
Debt consolidation is replacing multiple unsecured debts into one payment. Some options are available with debt consolidation. You can choose to go with a private lender, a bank, a Debt Management Program or choose debt relief with a consumer proposal.
Consider all options with Debt Consolidation loans. Learn the facts about Debt Consolidation loans as they should not be entered into lightly without knowing all the risks involved.
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, (Licensed Insolvency Trustees), North York West office or any of our 6 GTA offices call 416-498-9200.