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David Sklar & Associates Inc. Brampton Office


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Consumer Proposal and Bankruptcy in Brampton

If you are insolvent or facing unpayable debts, filing a consumer proposal in Brampton or bankruptcy in Brampton can be your way out. As bankruptcy trustees, now known as Licensed Insolvency Trustees, David Sklar & Associates has the information and the advice you need to become debt free in the near future.

A bankruptcy trustee in Brampton is a professional who can help you get out of debt without taking on any additional loans. A bankruptcy trustee in Brampton will review your finances and your debt and provide insights into your options for financial recovery.

Reviews for Brampton Office

Consult with a Bankruptcy Trustee in Brampton

The team at David Sklar & Associates cares about you and your financial situation. Your initial debt consultation is free of charge as we determine the best course of action to solve your debt problem.

Your consultation with a bankruptcy trustee in Brampton will be confidential and private. You will have a chance to learn more about your financial situation and learn about options for which you’re eligible.

Call 905-216-8100 to book a free consultation with a bankruptcy trustee in Brampton or at any of our other five locations.


Brampton Office Location:

Suite 405, 201 County Court Blvd
Brampton, Ontario
L6W 4L2
Phone: 905-216-8100
Access by:
  • Brampton Go Station Rail
  • Bus
  • Parking


Consumer Proposals and Bankruptcy in Brampton

Consumer proposals and bankruptcies are the two options for debt relief that a bankruptcy trustee in Brampton can help you with.

Both bankruptcies and consumer proposals:

  • stop legal action taken by your unsecured creditors,
  • stop collection calls from debt collectors and unsecured creditors,
  • stop wage garnishments, and
  • stop interest charges from accumulating on relevant debts.

Below you can find out some of the differences between the consumer proposal process and the bankruptcy process in Ontario.


Consumer Proposal in Brampton

A consumer proposal is a debt relief option made available by the government of Canada through the Bankruptcy and Insolvency Act. A consumer proposal in Brampton will reduce your debt, halt interest payments, stop legal action from your creditors, and give you more time pay back your debt.

To qualify for a consumer proposal in Brampton, you must be insolvent. That means that you:

  • owe more money than you have equity in your assets,
  • owe more than $1,000 but less than $250,000 not including the mortgage on your home, and
  • have stopped paying debts or are unable to pay your debts on time.

A bankruptcy trustee can help determine whether or not you’re insolvent. When you want to file a consumer proposal in Brampton, a bankruptcy trustee must be the one who files and administers the proposal. If your debt not including the mortgage on your primary residence is greater than $250,000 you may be eligible for a Division I proposal instead.

If you file for a consumer proposal in Brampton instead of bankruptcy, you:

  • hold onto your assets, as long as you make your payments on secured loans like your mortgage,
  • have your unsecured debt reduced and interest payments halted,
  • pay off the reduced amount over a period of 5 years maximum, and
  • get breathing room in your budget to keep up payments on mortgages, car loans, and other secured debts.


Bankruptcy in Brampton

Like consumer proposals, bankruptcies must also go through a bankruptcy trustee. A bankruptcy will last anywhere from 9 to 21 months. This depends on your surplus income, which you may have to pay in addition to assets disbursed by your bankruptcy trustee in Brampton, to unsecured creditors.

When you file for bankruptcy, assets that are not exempt under the Ontario Execution Act may be disbursed to your unsecured creditors in order to settle your debts.

During a bankruptcy, you will have to submit monthly reports on your income and expenses. This is one reason people expecting an increase in their income may be interested in a consumer proposal in Brampton instead.

Whether you go through bankruptcy or a consumer proposal in Brampton, you will be required to attend credit counselling sessions as part of the process. These sessions will help you understand credit and better manage your finances in the future.


Debt Consolidation in Brampton

Debt consolidation refers to merging your unsecured debts into a single payment. You can do this through a debt management program, a loan from a bank or a private lender, or through debt relief in a consumer proposal.

It’s not easy to manage debt when you’re overburdened. Talk to a trustee in bankruptcy about all of your available options before deciding what to do.

Your Trustee in Bankruptcy

David Sklar & Associates has locations across the Greater Toronto Area. When you need a trustee in bankruptcy, find one located closest to you. All of our locations can help you with bankruptcy and consumer proposals in Ontario.

Greater Toronto Area Offices – Location Details:
Toronto – MidtownMississauga – Etobicoke | Toronto – Head OfficeToronto – West | Pickering – Ajax | Brampton

As of April 1, 2016, bankruptcy trustee / trustee in bankruptcy is now known as a Licensed Insolvency Trustee or LIT


Google Rating
GOOGLE Reviews for our Brampton Office atSuite 405, 201 County Court Blvd Brampton, Ontario L6W 4L2
tyrone holness
tyrone holness
13:41 19 Jul 18
Ashley Carter is very personable and professional . Ashley is very informative and provides awesome advice. Marsha Holness
Justin Seeram
Justin Seeram
16:40 26 May 18
Very knowledgeable and helpful answers all questions ask for ashley she will help you out
Niel Henderson
Niel Henderson
14:28 05 Jan 18
My experience with DS&A over the past number of years has been nothing but positive. From the outset when dealing with Ashley she was professional, patient and understanding. I also had the pleasure of speaking other members of the team and all were equally supportive and responsive. Gald I chose them to work with!
Jane Pounall
Jane Pounall
14:56 11 Dec 17
Ashley did a great job helping us from financial trouble to a road of financial recovery and a peace of mind. Jane and Dennis
Reza Mukhtar
Reza Mukhtar
14:19 20 Oct 17
I'm very satisfied from their services.Very professional and helpful staff. Specially i would like to say thanks to Ashley Carter. She helped me so much regarding my case.
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Trustpilot. Brampton.
Congratulations to Our Brampton Office for Receiving the Certificate of Excellence

for 2018!

Brampton. Certificates.