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Consumer Proposal & Bankruptcy Toronto Advice

Bankruptcy in Toronto

If you need help eliminating your debt, our Licensed Insolvency 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 Licensed Insolvency 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.

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  • 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.

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  • 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.

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  • 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.

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Using Your Home Equity to Consolidate Debt


Home values across Ontario are up, and in the GTA specifically – they are booming. With home values steadily increasing year after year and mortgage interest rates at historical low, how can you use your home equity to consolidate your consumer debt? If you’re one of many Canadians with high credit card debt, unsecured lines of credit and personal loans that are at their limit, you aren’t alone. Can my home equity help? If you own your home, and have seen its value increase over the past few years it is very possible that your path to debt relief lies…

5 Money Mistakes That Will Keep You In Debt

As a licensed insolvency trustee, I meet a lot of people in the Greater Toronto Area every day struggling with debt. While I am able to help them become debt free, I also discuss some of the common mistakes they may have made that can kept them in debt in the first place.  The idea is to learn from our past mistakes, so it’s possible to avoid getting back into debt in the future. No matter your debt level, watch for these mistakes that might be keeping you in debt: 1. Not having a budget The number one mistake people make…

Compare Toronto Debt Relief Options

toronto debt help

There are many debt relief options available to someone in Toronto who is looking for a way to eliminate their debt: credit counselling debt consolidation debt settlement consumer proposal bankruptcy This month’s infographic compares the benefits and risks of each alternative. Our Toronto team of Licensed Insolvency Trustees will review these options with you at your initial consultation and can answer any further questions you may have.

How Are My Debts Treated In A Bankruptcy In Toronto?

Personal bankruptcy is a way to eliminate your debts and gain a fresh financial start. However, there are certain types of debts that you do not get relief from in a bankruptcy, even when the bankruptcy is completed. Here is a summary of how your debts are treated in a bankruptcy (or consumer proposal) in Toronto. Secured debts Secured debts like a mortgage, car loan or secured line of credit are not debts that you get relief from in a bankruptcy. Generally, you can continue to make payments against these loans and retain the assets securing the loan. For example,…

What Happens with Jointly Owned Marital Assets in a Bankruptcy?

Some of my clients say they were so worried about how their debts would affect their spouse, they avoided calling a Toronto licensed insolvency trustee. As a result, they struggled with debt for years, believing that they couldn’t address it without affecting their loved ones. But in most cases, that’s not true; your spouse is not responsible for your debt just because you are married. The only way someone can become responsible to pay another person’s debt, is if they specifically agree to do so: either through a formal co-signing agreement, the money was loaned jointly, or through a credit card…