Debt can take over your life. When you’re insolvent, you have options for debt relief including bankruptcy and a consumer proposal in Pickering. The David Sklar & Associates Pickering office is here to help you find your debt relief solution.
As bankruptcy trustees (note that bankruptcy trustees are now called Licensed Insolvency Trustees or LIT’s) in Pickering since 1997, David Sklar & Associates has helped thousands throughout the GTA find debt relief and move on with their lives.
You need information before you file for a consumer proposal in Pickering or declare bankruptcy. It all starts with a free consultation with a bankruptcy trustee in Pickering. To get started, contact us directly to book an appointment. Just call 905-426-1818 today or email us at firstname.lastname@example.org.
You may be able to get out of debt without using a bankruptcy trustee in Pickering. If that’s the case, your trustee in bankruptcy will let you know about your options. They include:
Before you sign up for any of these options, discuss it with a trustee in bankruptcy. If you are insolvent, you may qualify for a consumer proposal in Pickering that will actually reduce the amount of debt you owe.
A bankruptcy trustee in Pickering will determine whether you’re insolvent and discuss what options that opens up for you. In some cases, we may recommend bankruptcy but not before exploring government-regulated alternatives.
The two alternatives to bankruptcy open to you are consumer proposals and Division 1 Proposals for businesses and individuals who owe more than $250,000 in unsecured debt, not including your residence. Like bankruptcy, both include credit counselling from David Sklar & Associates. A consumer proposal is an agreement with your unsecured creditors to pay back only a portion of your debt. Many of our clients who have successfully filed a consumer proposal in Pickering have seen substantial reductions in their debt. That new amount does not collect interest and your payments are spread out over of a period of up to five years. In addition, the consumer proposal process also puts an end to collection calls and legal action against you.
Let a bankruptcy trustee in Pickering work with you to find out if you qualify for a consumer proposal in Pickering, a Division 1 Proposal, or bankruptcy. They will explain the differences between consumer proposals and bankruptcies and help you get back on track.
Call us at 905-426-1818 and book a free consultation at our Pickering–Ajax office or any of our other five GTA offices.
As of April 1, 2016, bankruptcy trustee / trustee in bankruptcy is now known as a Licensed Insolvency Trustee or LIT.