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Toronto – Midtown


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Consumer Proposal and Bankruptcy in Toronto – Midtown

If you are dealing with overwhelming debt and are thinking about filing for bankruptcy in Toronto,
we can help.  Our Licensed Debt Professionals™ have helped thousands of people in the Greater Toronto Area get out of debt and get on with their lives.

Reviews for Toronto-Midtown Office

To find out if bankruptcy is the right answer for you, you need to discuss your financial situation with a licensed trustee in bankruptcy. At David Sklar & Associates, Trustee in Bankruptcy serving the Greater Toronto Area, we offer a free, professional initial consultation, where we will review your finances and discuss all of your options.

To book your free consultation at our Toronto, or any of our 6 GTA offices – call 416-652-0800 – or complete our easy, online Quick Assessment Form.


Toronto – Midtown Office Location:
(St. Clair & Bathurst – nearest main intersection)
Unit 2, 550 St. Clair Avenue West
Toronto, Ontario
M6C 1A5
Access by:
Phone: 416-652-0800
  • Subway (St Clair West Station 2 blocks away)
  • Bus & Street Car
  • Paid Parking – 550 St Clair Avenue West


Greater Toronto Area Offices – Location Details:
Toronto – MidtownMississauga – Etobicoke | Toronto – Head OfficeToronto – West | Pickering – Ajax | Brampton

Free Consultation

During your free consultation, our professionals will work with you to find the best way for you to get out of debt.

Bankruptcy is always the last solution – and before we recommend it, we will explore all of your options with you.

If, after reviewing your finances we determine that you are solvent (able to repay your unsecured debt in a reasonable time) – we will explore your debt relief options with you. From debt consolidation, to non-profit debt management plans, and successful budgeting – we will help you find your way out of debt.

If a review of your finances shows that you are insolvent (unable to repay your unsecured debt in a reasonable time frame), then you might be eligible for the government-regulated alternatives to bankruptcy.

If bankruptcy is the best solution to your financial situation, we will work with you to successfully complete your bankruptcy, and to build a better financial future.

Consumer Proposals & Division 1 Proposals – Alternatives to Bankruptcy Toronto

For insolvents, there are two main alternatives to bankruptcy in Toronto – the consumer proposal and the division 1 proposal. Both of these processes are regulated by the same laws as bankruptcy.

A consumer proposal, like bankruptcy, provides protection from your unsecured creditors and is a government regulated method of getting out of debt. With a consumer proposal:

  • Your assets are protected from you unsecured creditors,
  • Interest charges on unsecured debt stops,
  • All unsecured collection actions (including calls, letters, garnishees, and legal action) stop,
  • The total amount of the unsecured debt is reduced to a manageable level,
  • Payments (usually monthly) are made on the reduced unsecured debts for a period of up to 5 years, and you will attend credit counselling sessions that provide you with the tools for a more secure financial future.

A division 1 proposal is similar to a consumer proposal, but it is for businesses who owe any amount of unsecured debt or for individuals who owe more than $250,000 (excluding the mortgage on their main residence) in debt.

Both consumer proposals and division 1 proposals require your creditors to vote on whether to accept your proposal or not.

Debt Consolidation in Toronto – Midtown

Debt consolidation is the practice of combining two or more unsecured debts into one payment. A few options are available with debt consolidation. You can choose to go with a bank, a private lender, a Debt Management Program or pursue debt relief with a consumer proposal.

You should be Cautious when considering Debt Consolidation loans. Learn the facts about Debt Consolidation loans and what they don’t tell you. Debt consolidation is not always the answer.

Bankruptcy Professionals

By law, only licensed trustees in bankruptcy can file bankruptcies or proposals. Trustees in bankruptcy are licensed and regulated by the Canadian government – through the Office of the Superintendent of Bankruptcy, and have undergone extensive testing, training and certification.

The Toronto bankruptcy trustees at David Sklar and Associates welcome your inquires. To book a free consultation, call 416-652-0800.


Google Rating
GOOGLE Reviews for our Toronto – Midtown Office at Unit 2, 550 St. Clair Avenue West Toronto, Ontario M6C 1A5
Patrick Alejo
Patrick Alejo
02:24 13 Feb 18
Working with Cori was a joy. My proposal went off without issues. She made me feel comfortable and there was no judgement. I would recommend her services to anyone looking for a fresh financial start. Patrick
Kat S
Kat S
02:22 08 Feb 18
This review is for Cori. She was an amazing help for my family. She was clear in presenting all the options for us. She provided excellent support and we are so grateful that she got us on to the direction we are now headed. Thank you!
Holdin Morris
Holdin Morris
06:45 04 Feb 18
@Cori. Thank you for the knowledge and also bringing me on board to do a proposal. I now work for one of Canada's top 5 banks and if I didn't listen and make that move my dream would not be possible. @David Sklar & Associates The best!
Ron Rolloda
Ron Rolloda
19:17 20 Jan 18
After i stepped in her officed last week i was treated with respect. she’s a great communicator able to understand my financial problem. i highly Recommend ate Cori’s David and Sklar and Associates at Saint Clair West location.
Dan Marotta
Dan Marotta
17:39 13 Nov 17
Cori has been a great help to me, she is very thorough and a great communicator. I would most certainly recommend Cori to anyone in need of similar financial services. Thank you Cori.
Bryan McKay
Bryan McKay
19:57 10 Nov 17
Cori was extremely helpful while dealing with my case. She is very knowledgeable and I highly recommend her and David Sklar & Associates. She definitely qualifies for a 10 star rating.
Rogen Abkilan
Rogen Abkilan
19:33 29 Oct 17
I cannot thank enough to Cori Noran and David Sklar and Associates for helping me since the day I came in to their office. Cori is so approachable, friendly and knowledgeable , she helped me the process step by step until at the end of signing. I highly recommend Cori -Estate Administrator At David Sklar and Associates..
Terry Mitchell
Terry Mitchell
03:02 25 Oct 17
During a particularly difficult period in my financial life, at the age of 68 and retired, I had occasion to seek out the advice and assistance of Cori Naron at David Sklar and Associates.. I must say that her straightforward and professional manner and wisdom helped me come to terms with the difficult decisions I had to make in order to be fair to my creditors and to myself regarding my obligations. Now that my commitments have been met I am free to enjoy the balance of my retirement years knowing that the lessons I have learned, although they should have been learned much earlier on are of great value and better late than never. Thank you especially to Cori but also to everyone involved in the arrangements made for allowing me to respond to my past and face my future with self respect and responsibility. I highly recommend that anyone facing serious financial difficulties take the time to communicate with Cori and the organization she represents. There are viable and honourable solutions available to ease the stress you might be facing.
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Trustpilot. Midtown.
Congratulations to Our Toronto Midtown Office for Receiving the Certificate of Excellence

for 2018!

Midtown. Certificates.