Barry: Bankruptcy in Mississauga

Table of Contents

‘Barry’ a Case History: Bankruptcy in Mississauga – Finding Hope

‘Barry’ (not his real name) was a quiet, pleasant young man in his late twenties, with a history of depression and other medical issues. Although he had been able to work at a local shop for several years, he still needed the emotional support of his parents. As a result, he had never moved out of his parents’ home in Mississauga.

While he was employed, Barry was able to get credit cards from several department and specialty stores. Unfortunately, he would periodically run up his cards and be unable to make the required payments. This led to his taking out a high-interest, unsecured debt consolidation loan. Although he paid off his cards with the loan, he continued to use the cards and ended up further in debt.

After losing his job in 2006, Barry was unable to find further work.

Barry’s parents made his credit card and loan payments for him – until the burden became too great. Once they stopped paying, Barry began to receive aggressive collection calls.

On the advice of a friend, Barry’s parents sought the help of a lawyer, who referred them to David Sklar & Associates (DSAI).

** **

During their initial, free consultation at DSAI, Barry and his parents met with Rhoda Lewis, a Certified Insolvency Counsellor and Estate Administrator.

During the review of Barry’s financial situation, the following was covered:

No Assets

No Secured Debt

Unsecured Debts:

Unsecured Debt Consolidation Loan$8,500
Bank Overdraft$1,400
Credit Cards Totalling$2,800
Total Unsecured Debt:$12,700

No Income

After discussing all of Barry’s options with Rhoda – Barry and his father decided that a bankruptcy would be the best choice. They both felt that it would be a healing process for Barry to deal with his debts.

Barry’s parents decided to pay the $200 monthly fees for his 9-month bankruptcy.

DSAI filed his bankruptcy and during the next 9 months, he complied with the terms by filling in monthly budgets and attending credit counselling sessions.

In 2008, Barry’s bankruptcy was completed and he was discharged from his debt.

The financial ‘fresh start’ that Barry earned through bankruptcy, helped to make his and his parents’ lives, a little easier.

To protect our client’s privacy, aspects of this case study have been altered.

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If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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I was a little nervous going into my consumer proposal with David Sklar & Associates as I had a horrible experience attempting to file with a different group.Following the first correspondence, I immediately felt much more relaxed and confident in my decision.Beatriz was incredible! I feel so lucky to have had her working with me.She was friendly and kind, professional, patient, considerate, and caring. I felt no judgment in anyway. Honestly, speaking with her regarding my debt felt like I was speaking with a family member – just very easy to discuss how I ended up in my financial situation and being met with understanding, no judgment.Mark was also very kind and made sure that I understood what was discussed and was open to going over it again if needed prior to signing.David Sklar & Associates is the team you want handling and assisting you with your debt. I have only positive things to say about them and will 100% recommend them to anyone if the situation ever arises.
ally.
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Helped me with filing for bankruptcy and getting a fresh start and made the whole process seamless and easy.
Sameer Kamal
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I would like to say "Thank you very much" for David Sklar team that handled my case smoothly and without any issues! I am glad that I ve got consultation by Jerry Janiec. He explained me all process in details and told me right away what options I do have to resolve financial difficulties. I ve proceed with consumer Proposal option and entire process was very smooth. Jerry took care of my case and gave me personal recommendations for future! Thank you very much Jerry and Hernee for your help and really take care of your clients!
Alexander Arepyev
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Very knowledgeable, helpful and fast service
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I am so delighted to have found this company. They are the best. Everyone in the office is very nice never to busy to assist you. Thank you David Sklar and Shirley and associates for being you. 😊🌺😊
Deborah
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Trina was amazing and quick. No judgement was made and they all made me feel I made the right decision. Would highly recommend them
Crystal Minaker
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Trina was very easy to work with. Any questions I had were answered promptly. What seemed like a complicated process was explained in a clear manner that wasn't at all intimidating. It made for a more comfortable experience during a turbulent time.
Eldon Aubie
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Jackie is very professional...I would recommend David Sklar to anybody especially knowing how understanding they are.
Kimberley Lyder-Niles
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I had Shirley and Kim take care of my finances. From the very first moment I spoke with Shirley I could sense how caring, professional and patient she was. She was also very understanding with my lack of financial knowledge and never made me feel dumb as some other companies have.Her and Kim were always very quick to respond to emails, always available if I called and answered my abundance of questions in such detail that I now believe I have a thorough understanding of how finances work. I am hopeful about my fresh financial start and very grateful I had the privilege of meeting and working with these two beautiful women.I also spoke briefly with Richard over zoom and he to was extremely friendly, patient and made sure I was well taken care of.I could not recommend David Sklar and Associates more. Thank you again.
Shayleen Muzi
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Good professional team! Jennifer is the best, helped me through everything and answered all my questions. Made the process easy! Would recommend Jennifer and the team at David Skylar.
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