
Prioritizing your family's needs over your financial goals.
Ten years after Dominic and Emily (not their real names) were married and moved to Pickering, their son Joseph was born.
‘Little Joe’ was the joy of his parent’s lives. Unfortunately, as he grew, it became clear that something was wrong. Eventually, Joe was diagnosed as severely autistic. His doctors believed he would require ongoing care and supervision for the rest of his life.


Emily gladly dedicated herself to providing the full-time care that her son needed. Both she and Dominic believed it was the best thing for ‘Little Joe’ and their family. However, it meant also that she could not bring in the second income that she and Dominic had come to rely on.
When Joe was old enough to start school, Emily thought she could work outside the home again. Unfortunately, the school could not always manage Joe, and Emily had to pick him up several times throughout the week. As a result, working even part-time was an impossibility.
Thankfully, the Pickering couple received some financial assistance from the Ontario government to care for their son. Still, Dominic and Emily found themselves slipping further and further into financial difficulty. After a while, they could no longer keep up with their debt payments and began to receive collection calls.
On the advice of a friend, they sought the help of David Sklar & Associates.
Here's how David Sklar & Associates was able to help Dominic and Emily reduce their debt payments
During their first meeting, Dominic and Emily met with Trina Powell (Licensed Debt Counsellor) for an in-depth review of the finances.
Including government assistance, the couple brought in a total income of $45,000 and had unpaid debts of $30,000 across four credit cards. In addition, they owned no assets whose value exceeded Ontario bankruptcy exemption levels. As a result, they would have to give up little or no possessions to cover their debts if they chose to file bankruptcy.
However, Dominic and Emily wanted to repay their creditors as much as possible. After exploring their options with Trina and their trustee, they decided that filing a consumer proposal was the ideal solution. By choosing this option, they could negotiate with their creditors to repay only a portion of their current debts.

Licensed Debt Counsellor
Here's how much Dominic and Emily were able to save by filing a consumer proposal
With the assistance of David Sklar & Associates,
Dominic and Emily submitted a proposal to their creditors to repay $18,900 worth of credit card debt. This amount was a sizable discount from their existing obligations of $30,000.
But creditors accepted the offer, as they would receive far less if the couple were forced down the path of bankrupcty. The agreement was a win-win for everyone involved. In particular, Dominic and Emily were happy to be relieved of tremendous financial pressure, allowing them to focus on caring for their son.
Under the proposal’s terms, they would pay $315 for a period of 60 months, which they could easily manage compared to their debt payments before filing their proposal. In total, they cut down their credit card debts by 37%.
As part of her Consumer Proposal, Freda attended two financial consulting sessions, where she learned valuable money management skills. After years of relying on her husband to take care of the finances, followed by years of hanging on by sheer willpower, Freda was glad to finally come to the point where she had the knowledge and independence to take control of her own life.
To protect our client’s privacy, aspects of this case study have been altered.
Photo by Ivan Samkov from Pexels, Photo by jonas mohamadi

Find out how much you can save with our Consumer Proposal Debt Calculator
Use the slider below to tell us how much you owe and we will show you how much you can save!
*This calculator simply provides an estimate of the total savings you could receive filing a consumer proposal. Actual results may vary as each financial situation is unique. Your actual payments will be based on your income, assets, and debts.
Do Not Include Mortgage or Car Loan Debt.
With a consumer proposal at 0% interest, you will only have to pay back:
$3,480/$58 per month
*This calculator is for demonstration purposes only. Your results may vary based on your unique financial situation.
David Sklar & Associates is here to support your financial recovery
Learn how we can help you find debt relief with a consumer proposal or personal bankruptcy. Our passionate and experienced team at David Sklar and Associates has helped thousands of individuals break free from crippling debt payments. Our experts can answer any questions about your debts and recommend a solution based on your unique needs and goals.
Let us help you pave the way for a brighter financial future, starting with a free, no-obligation consultation





Real-Life Success Stories Of People We've Helped
Getting into debt is easy. Getting out is a different story.
But it's still possible!
Did you know there is a Canadian debt relief program federally regulated by the Canadian Government, designed to help citizens avoid claiming bankruptcy? This amazing program can only be administered by a Licensed Insolvency Trustee (LIT).
If you’re struggling to make your payments every month and creditors won’t stop calling, we can help.
What our clients are saying.
We are David Sklar
Our team of Licensed Insolvency Trustees in Ontario can help you get out of debt and in control of your own financial future. We’ve helped thousands of people and we can help you too.
We know this is stressful, but you're not alone.
It’s going to be okay.
Book your free consultation today. We’ll do the rest.