St. Catharines, Ontario
Debt Relief – St. Catharines, Ontario
Our supportive and caring Licensed Insolvency Trustees in St. Catharines 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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Jerry Janiec, Debt Solutions Manager - St. Catharines, Ontario
With over 20 years of experience in the Insolvency Industry Jerry has the expertise to provide individually tailored debt relief solutions to clients from all walks of life. In addition to English, Jerry is fluent in Polish and has been helping clients in the Polish community all over Ontario understand their options when facing financial stress. Living with financial stress can impact both your professional and personal life. According to Jerry, “It’s so important that I get to know all of my clients on a personal level. My reward is knowing that I’ve helped rebuild my client’s financial future.”
Start with a free consultation where Jerry will provide you with a confidential assessment of your finances. Jerry will help you find the best solution for your specific financial needs and take the time to explain every step of the process, ensuring you will feel confident about your decision. We are not here to judge you we are here to help you rebuild your finances and start living the life you deserve.
Richard Sklar, BA, CIRP, LIT
Your Licensed Insolvency Trustee in St. Catharines, Ontario
As a Chartered Insolvency Restructuring Professional and Licensed Insolvency Trustee, Richard has years of experience providing debt relief services to Ontario residents looking for a fresh financial start. Specializing in consumer proposal, bankruptcy, and credit counseling, Richard will explain all your options and customize a debt recovery plan that’s manageable for your unique situation. Many of our clients are surprised to learn there are more options than bankruptcy or debt consolidation! Our experienced team of non-judgmental, knowledgeable, and caring individuals all have one goal—to help you regain control of your finances. Schedule a confidential appointment today. You deserve a fresh start.
How Can a Licensed Insolvency Trustee Help You?
A licensed insolvency trustee, formerly known as a bankruptcy trustee, is a professional that helps individuals and corporations dealing with insolvency (the inability to repay debts). A trustee can do everything from providing practical financial advice and budgeting tips to guiding individuals through the steps of filing for a consumer proposal or a bankruptcy.
Consumer Proposal - St. Catharines
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 first to understand all of your options.
Personal Bankruptcy – St. Catharines
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 first to understand all of your options.
Debt Consolidation – St. Catharines
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 first to understand all of your options.
Credit Card Debt – St. Catharines
Many people in Ontario have way too much credit card debt and find it difficult to manage even minimum payments. We can help you consolidate all your credit card debt, eliminate interest charges and reduce the total by up to 80%.
It’s not a loan, it’s a government-approved settlement plan that gives you a maximum of 5 years to complete your payments to creditors.
Income Tax Debt - St. Catharines
Income Tax debt can be a difficult challenge to overcome. Our Licensed Insolvency Trustee’s help people who are overwhelmed by their debt 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 to review your current financial situation they will provide you will all the options available to help get you out of debt.