David Sklar & Associates are bankruptcy trustees (since 2016, bankruptcy trustees have been known as Licensed Insolvency Trustees) in Mississauga and Etobicoke. With 6 locations across the Greater Toronto Area to serve you, we’re in the business of helping people overburdened by debt start their financial lives over. If you are facing bankruptcy, talk to a bankruptcy trustee in Mississauga today.
The decisions you make to handle your debt will have lasting implications on your credit rating and finances. Bankruptcy trustees in Mississauga are here to give you advice on those decisions. Some debt relief options like consumer proposals in Mississauga and declaring bankruptcy can only be handled by a trustee in bankruptcy.
It begins with a free consultation at our Mississauga office or any of our 5 other offices in the Greater Toronto Area. You can book a free consultation when you call 905-566-7905 or by providing us more information on our contact page, after which we will get in touch with you within 1 business day. In this consultation, a bankruptcy trustee in Mississauga will discuss your options, even those that do not require a bankruptcy trustee’s services.
A free consultation from a bankruptcy trustee in Mississauga involves a detailed review of your finances.
As a last resort, you may need to declare bankruptcy and this is something that we will tell you. However, as trustees in bankruptcy, we often recommend alternatives that help you avoid bankruptcy.
Some of those alternatives are for people who are not insolvent. If you’re worried about debt but your finances are relatively healthy, a bankruptcy trustee in Mississauga can help you explore budgeting solutions, debt consolidation loans, and not-for-profit debt management to pay back your debt.
If your trustee in bankruptcy finds that you are insolvent and cannot reasonably pay back your debts, you could qualify for government-regulated alternatives like a consumer proposal in Mississauga or a Division I Proposal.
Though they are not as well known as bankruptcy, a consumer proposal in Mississauga can leave you in a better financial situation than bankruptcy. A consumer proposal will significantly reduce the debt you owe. One area where a consumer proposal differs from bankruptcy is that your assets remain unaffected.
In addition to a consumer proposal in Mississauga, you may alternatively qualify for a Division I Proposal if you are an individual or business owing more than $250,000 in debt besides the mortgage on your primary residence.
For those who are not insolvent, a bankruptcy trustee in Mississauga will tell you about your options outside of bankruptcy and consumer proposals. These involve replacing unsecured loans with a single monthly payment without the debt reduction you enjoy in a consumer proposal in Mississauga. A trustee in bankruptcy will walk you through the pros and cons of debt consolidation loans and debt management programs.
A trustee in bankruptcy is the only professional who can file a bankruptcy or a consumer proposal in Mississauga on your behalf. It’s a highly regulated profession with high standards of education and certification. In addition to bankruptcies and consumer proposals in Mississauga, David Sklar & Associates also provides credit counselling as part of the insolvency process.
Book your free consultation with David Sklar & Associates today. Call 905-566-7905 and book an appointment at any of our offices in the GTA.
As of April 1, 2016, bankruptcy trustee / trustee in bankruptcy is now known as a Licensed Insolvency Trustee or LIT.