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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Very processional and understanding of my situation. Thanks to all your team.
Luc Valade
Jennifer Norton's exceptional assistance with my consumer proposal was life-changing. Her professionalism, expertise, and dedication were evident from the start. Jennifer's thorough explanations and attention to detail created a tailored proposal that set a clear path to financial freedom. She went above and beyond, advocating for my best interests and providing invaluable support. Thanks to Jennifer, I'm on track to a stress-free financial future. I wholeheartedly recommend her – she's not just a financial expert; she's a life-changer. Thank you, Jennifer!
They made a difficult situation, easy thank you.
Ray Barkley
I had a great experience with Christine from David Sklar & associates. Very professional, and easy to get through. Thank you
fukinwith doug
Great customer service and a smooth process to get your finances on track. Informative and thorough.
Adrian Downey
From the moment I sat down in the office, I felt welcome and at ease. Grace Cuffaro was both friendly and highly informative. She is extremely knowledgeable and answered all of my questions in detail, making sure I understood before moving on. I was reassured throughout the process that I was making the right decision and that it was not uncommon nor anything to be ashamed of. I didn't expect my appointments to be such positive experiences, but that's exactly what they've been!
P Bains
I was in a tough financial position and found myself searching for relief. I came across David Sklar & Associates page when doing my research on financial advice. The reviews were amazing, but I was concern because I didn’t know what to expect. I made the decision to set up a consultation and had the pleasure to meet with Jennifer Norton. Right from the beginning, she was attentive, knowledgeable, and pleasant to meet with. The experience was painless and very educational. Jennifer made sure I understood my choices, answered my questions, and concerns promptly, in person, over the phone and via email. I’ve been working with Jennifer for a couple months now and I am pleased that Jennifer is the manager handling my file. I would and have recommend Jennifer Norton, David Sklar & Associates to anyone in need of direction regarding finances.
A.L Thompson-Lawrence
I had my first meeting with Jennifer, she was really understanding and extremely helpful, and got everything done in a timely manner.
Tamas Wint
Jennifer Norton has been the most helpful throughout this truly embarrassing situation that I find myself in. She is informative, understanding, and there is absolutely no judgment. She has handled everything in a very professional and respectful manner and I am SO glad that I have them on my side. Definitely a huge weight off my shoulders.
Jody T
Rhoda, Jerry, and the entire David Sklar & Associates Staff were very professional and were great to work with. They taught me a lot regarding financing and I would recommend them to anyone facing financial troubles as well. Rafael L
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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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