Bankruptcy is a form of debt relief available to individuals who owe more money than the total equity of their assets. You’re discharged from your debts and bankruptcy disappears from your credit report seven years from the date of your discharge. If you owe more than $1,000 that you can’t afford to pay, bankruptcy may be the right option for you.
Most of your assets are protected when you file for bankruptcy.
Generally, one automobile, household assets, personal belongings, and RRSP savings are protected, as well as some equity in your home. Ask a Licensed Insolvency Trustee for more details about asset exemptions in a bankruptcy.
Are your debts growing out of control due to interest? Are you getting collection calls at home or at work? Are your creditors threatening legal action? It’s time to look for debt relief help when you can’t afford to pay it back.
A Licensed Insolvency Trustee can help you find a way out of debt that works for you.
Call David Sklar & Associates for debt relief and get a free debt assessment today.
At David Sklar & Associates, Licensed Insolvency Trustees, we do more than offer professional insolvency related services.
We help people who have caught up in a financial crisis, find a way through a difficult time and onto a better life.
Since 1997, we have helped thousands of people deal with their debt problems, and move onto brighter futures.
From individuals to mid-sized businesses,
We Can Help!
If your debt problems seem insurmountable – we can help. At David Sklar & Associates, our Licensed Debt ProfessionalsTM have the experience and knowledge to help you get out of debt. During your consultation, we will help you understand what your current financial situation is, how best to fix it, and how to move on to a better life. With six offices in the Greater Toronto Area – we are here to help.
Call us today at 416-498-9200 to book your Free Consultation.