Get Out of Debt Without Bankruptcy


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Consumer Proposals and Crushing Debt

If you are overwhelmed by your debt load and simply do not have the income or resources to repay your debts – bankruptcy can seem like the only way out.

In Ontario, however, there may be another way to deal with your crushing debt – a consumer proposal.

Consumer Proposals

If you are unable to repay your overwhelming debts in a reasonable time-frame, you may qualify for a consumer proposal.

A consumer proposal will enable you to enter into a legally-binding agreement with your unsecured creditors to repay a portion of your unsecured debts over a period of up to 5 years.

During a proposal, those creditors who are covered by your proposal will have to stop all their collection efforts such as calls, garnishees, legal actions, etc. As well, they will have to stop charging interest on the outstanding balances.

Note: while most unsecured debt like credit card debt, payday loans, income taxes, etc can be included in your proposal, there are some like child support, court fines, some student loans etc that cannot. Your trustee will go over all of this with you in detail.

Finding Out if You Qualify for a Consumer Proposal

In Ontario, only Licensed Trustees in Bankruptcy (such as David Sklar & Associates) are permitted to file and administer proposals.

To find out if you qualify, you need to start by contacting a trustee in your area – who will go over your financial situation and all of your options with you, in detail.

In the Toronto area, you are welcome to call us at 416-498-9200 for a free consultation to see if a consumer proposal is in your best interest.

Take Your First Step Towards A Debt Free Life

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 can't praise Cori enough from David Sklar & Associates. Cori's acceptance and understanding of the diverse needs and concerns of her clients shines through with zero judgement. She made this process smooth and relieved much of my stress and anxiety around debt. Thank you!
Karen Swan
My husband worked with Chen Siga, he walked us through our options and then through the process of getting everything done. Everyone we dealt with was very helpful. Overall a wonder experience, we are so glad we contacted them and got the help we needed.
Amanda Thomas
I have been surviving on paycheck-to-paycheck basis and could not go any further because the lending interests just accumulated beyond what I can afford. Fortunately, a good friend recommended Grace Cuffaro from David Sklar & Assoc. and I finally got to settle my financial obligations in a reasonable way. Don't go anywhere else; ignore those financial brokers and social media ads who just want more money from you - go directly to the people who can really save you from drowning in debt.
REX ADAME Southern Ontario Canada
I recently had the privilege of working with Trina at David Sklar & Associates, and I cannot praise her enough. Trina’s commitment to her clients goes above and beyond the norm. Here’s why she stands out:Incredible Knowledge: Trina is well-informed and deeply understands her job. Her expertise shines through as she navigates complex processes effortlessly.Client-Centric Approach: Trina doesn’t just follow procedures; she genuinely cares about her clients. She takes the time to listen, empathize, and tailor solutions to their unique situations.Clear Communication: Explaining financial matters can be daunting, but Trina excels at breaking down each step of the process. Her clarity and patience make even the most intricate details understandable.Availability and Accommodation: Trina’s dedication extends beyond office hours. She accommodates last-minute changes and ensures her clients feel supported throughout their journey.In summary, Trina is a gem in the world of customer service. If you’re seeking debt resolution, don’t hesitate to reach out to David Sklar & Associates—and ask for Trina. You’ll be in capable, caring hands.Thank you, Trina, for making a difference!
Darren Augustin
Jerry Janiec is very helpful and professional. Thank you.
Urszula Kazula
Unbelievable people who just want to help and I'm thankful
David Siria
Jackie is awesome!Thank you for pointing me in the right direction.
Cindy McCormick
Professional, knowledgeable and people oriented. Unfortunately for me, I had to ask for their assistance a few time and never regret about their service. 5 out of 5. Highly recommended.
Alexander Mikhyeyev
Jackie Stanley and her assistant Sarah have been so helpful with such an important matter to me and my family. thank you for all your help through this hard period of our lives.
Assia Tiholova
Trina and her staff were great, excellent job explaining on what will be required of me regarding my situation. Very helpful staff. Would highly recommend Trina and her staff.
Randy Turner
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Book your free consultation.

Call 1-844-962-9200 or fill out the form below. We’ll do the rest.

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