Toll Free: 310-PLAN
Local: 416-730-8060
9 GTA Locations

Consumer Proposal & Bankruptcy Toronto Advice

Bankruptcy in Toronto

If you need help eliminating your debt, our Toronto Bankruptcy Trustees can help. As licensed debt experts we will explain about consumer proposals, bankruptcy and bankruptcy alternatives in Toronto. We can help you:

  • eliminate credit card debt
  • stop collection calls and garnishments
  • get debt relief

Research Your Options

The number one reason to talk to a Bankruptcy Trustee if you are having debt problems is to get advice.

You don't have to call just to file bankruptcy -- we are here to help answer your questions and help you find a solution that works.

  • Consumer Proposals

    Settle your debts, keep your assets and avoid bankruptcy by filing a legal consumer proposal. As licensed consumer proposal administrators we can help you negotiate a agreement with your creditors for less than you owe. Learn more about Toronto's #1 alternative to bankruptcy.

    Learn more

  • Credit Counselling

    If your debts are out of control, our licensed debt counsellors can help you take back control. They will meet with you to assess your situation and will explain all of your debt relief options. They can help you compare a Debt Management Plan with a Consumer Proposal and help you develop a plan to deal with your financial problems so you can get back on track.

    Learn more

  • Debt Consolidation

    Are you tired of balancing too many debts and struggling and looking for ways to consolidate your debts into one, lower monthly payment? Our debt experts can help you compare your debt consolidation options. If you do not qualify for a debt consolidation loan, we can still help you develop a plan to consolidate your debts through other debt consolidation alternatives.

    Learn more

  • Bankruptcy Services

    While bankruptcy is a last resort, it can sometimes be the best solution. Bankruptcy can provide immediate relief from debts and a fresh start. We will meet with you to review your situation at your FREE initial consultation and answer any questions you have about bankruptcy and how to file for bankruptcy in Toronto.

    Learn more

Collection Agency Is Suing Over Unpaid Debts. What Can You Do?

stop collection call and lawsuit

“Hi, I have collection agencies calling me all the time at home and work and I am not sure who I owe money to or how much. I also need assistance understanding my credit report because there is information on it I don’t understand including a judgement against me. I would appreciate speaking with someone to understand if you can help me with this. Thanks, Betty” “First, yes we can help you Betty. We can stop the creditor calls and a judgement from garnishing your wages. I’d be happy to meet with you to discuss your options, Sandra” This is…

Should I File Bankruptcy or Make A Proposal?

bkto-bankruptcy-faqs

You may know you need help with your debts but are not yet sure whether to file bankruptcy or perhaps make a proposal to creditors. Our infographic compares these two options side by side. As licensed insolvency trustees we will go over these options with you at your initial consultation and answer any other questions you may have.

6 Debt Mistakes Costing Seniors Their Retirement

retirement senior debt mistakes

Bankruptcy statistics show that the average person who files a bankruptcy or a consumer proposal is getting older. In my own practice, it is becoming more common for me to meet with people who are well past retirement, yet still dealing with debt. Often, their debt is carried over from their working years and they went into retirement with a lot of debt. On a reduced retirement income, debt that could easily be managed while working, can become an overwhelming burden in retirement. There are some common mistakes that people make as they transition between work and retirement that increase the likelihood…

How Your Pension, RRSP & RRIF Are Affected In Bankruptcy

RRSP RRIF Pension Bankruptcy

A lot of people are surprised to find out that they can keep their pension, Registered Retirement Savings Plans (RRSP) and Registered Retirement Income Funds (RRIF) after they file bankruptcy in Canada. Back in 2008, changes were made to the Bankruptcy & Insolvency Act to protect RRSPs, RRIFs and other similar products from seizure by the trustee during a bankruptcy. This change was made to allow the individual the financial means to care for themselves during retirement. Prior to 2008, RRSPs, RRIFs and other similar products were not exempt from seizure and could have been seized by the trustee depending…

Self-Employed Brampton Couple Rebuilds With A Consumer Proposal

self employed consumer proposal

You have to be an optimist to be self-employed. It’s a requirement. No one that was not optimistic about the future would take the risk to start a business. But it is a risk and sometimes things don’t turn out the way you hope. Even long established successful businesses are subject to the wider trends in the economy. A slowdown in the economy will eventually have a domino effect throughout all areas of society. In Brampton, the 2008-2010 recession resulted in a lot of small and mid-sized business closures. Consequently a lot of people lost their jobs and many of them took…