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Hamilton

Debt free solutions – Hamilton

Our supportive and caring Licensed Insolvency Trustees in Hamilton can help you regain control of your finances by providing solutions to significantly reduce your debt, giving you the tools to rebuild a better, more financially secure life.

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Carol Richarz, Certified Insolvency Counsellor – Hamilton

With over 25 years in insolvency, Carol’s knowledge and experience have helped guide many individuals in dealing with their debt and money management issues.  Her kindness and understanding immediately puts her clients at ease.  After a meeting, they are relieved to know there is help and wished they reached out sooner.  As a Certified Insolvency Counsellor and Accredited Financial Counsellor, Carol’s genuine desire is to help people and provide them with the skills necessary for continued success in money management. 

Carol Richarz office
nicole lowartz
17:02 11 Mar 21
Had a great experience and successful result working with Carol at David Sklar & Associates! I was well informed and received great guidance after just the first conversation! She handled everything and helped me build a budget that is realistic and that i can really stick to! I highly recommend Carol and her team at David Sklar. Give them a call!
Anne Bailey
12:45 02 Sep 20
Jackie Stanley was very responsive and informative and I would highly recommend her professional services. She offered exemplary follow-up and support beyond what one would usually expect and she provided expert navigation on a very personal level to assist us through this process.
Brandi Young
18:53 01 Sep 20
We have been dealing with Mz. Jackie, in the hamilton office.She has been amazing with us. Going over all paperwork, explaining what we didn't understand. Answers everything we call her.We kind bubbly lady to deal with.Good job!!

What is a Consumer Proposal - Hamilton?

A Consumer Proposal is a legally binding agreement offered by the federal government that significantly reduces the amount of debt you owe to your creditors. A consumer proposal is a popular alternative to bankruptcy as it consolidates and reduces the total amount of debt you owe, stops accumulating interest charges, stops wage garnishment, stops legal action, provides relief from collection calls and allows you to keep your assets. 

At David Sklar & Associates we will help you every step of the way through the proposal process to present the best offer possible to your creditors. After your proposal is accepted by your creditors you will be asked to make monthly payments for up to 5 years, that are based on your income, expenses, assets and what you can afford to pay. The proposal is a fair solution for everyone involved. Speak to our Licensed Insolvency Trustee in Hamilton first to understand all of your options.

Personal Bankruptcy – Hamilton

We understand that most of the people we help never imagined they would find themselves in such a difficult financial crisis. Most of the people we work with tend to be hard-working, honest people who, often for reasons beyond their control, are simply not able to pay back their debts.

Before we recommend personal bankruptcy, we work closely with you to see if any other debt repayment options can be used as an alternative, like a Consumer Proposal. Only when we are satisfied that personal bankruptcy is in your best interest, do we recommend this process. Speak to our Licensed Insolvency Trustee in Hamilton first to understand all of your options.

Debt Consolidation – Hamilton

We’ve all seen the ads claiming how a debt consolidation loans can get you out of financial trouble and reduce your monthly payments. Yet, you should know there can be significant risks with this approach.

If you have missed even one payment or received a collection call, it may be too late to qualify for a bank loan. To get a debt consolidation loan from a bank, you will need a spotless credit history, steady income, equity in your home or a co-signer.

If you use the equity in your home and are unable to make the payments, you could lose your home. Frequently, people who take out debt consolidation loans don’t know about the hidden high interest fees and find themselves in even more debt than before.

Speak to our Licensed Insolvency Trustee in Hamilton first to understand all of your options.

Income Tax Debt

Income Tax debt can be a difficult challenge to overcome. Our Licensed Insolvency Trustee’s in Hamilton help people who are overwhelmed by their debt load and have fallen behind filing their Income Tax. We can help negotiate with Revenue Canada to accept a reduced amount on your outstanding taxes and put a stop to the interest charges and penalties.

During your free consultation we will discuss all your options and help you prepare the required documentation. This will include getting your Income Tax reporting up to date. We will then speak to CRA on your behalf and request a reduction to your unpaid taxes.

The results of filing vary from situation to situation, but our experience has been that Revenue Canada is reasonable in its handling of people looking to resolve their debts and not avoid financial responsibilities.

Student Loan Debt

Managing your Student loan debt is important. If you decide to declare bankruptcy seven/or more years after you have ceased to be a student (part/full), your student loans will be eligible for discharge.

Speak to our Licensed insolvency Trustee in Hamilton to review your current financial situation they will provide you will all the options available to help get you out of debt.

Hamilton Location