Locations

Toronto, Ontario (Yonge & Richmond)

Debt Relief – Toronto, Ontario

Our supportive and caring Licensed Insolvency Trustees in Toronto 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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Jason Sklar, Certified Insolvency Counsellor,
Sales Manager - Toronto (Yonge & Richmond)

Being a Certified Insolvency Counsellor, Jason offers his years of experience and his genuine concern for his clients and the life challenges they are facing. He helps his clients feel hopeful again, teaches them how to manage their finances, and provides them with the tools that enable them to move forward with confidence.

Start with a free consultation where Jason will provide you with a confidential assessment of your finances. Jason 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 Toronto, Ontario

As a Chartered Insolvency Restructuring Professional and Licensed Insolvency Trustee, with years of experience and a proven ability to help his clients get the fresh financial start they need, Richard has taken on the additional task of helping those Toronto Area residents who are in need of debt management support, find their solutions at David Sklar & Associates. Richard knows that debt resolution is not the end – it is a new beginning – a fresh start for a brighter financial life.

How Can a Licensed Insolvency Trustee Help You?

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.

Patty Murphy
21:34 18 May 22
Jerry is a very patient person, he answered all my questions and made this experience so smooth and easy for me. I was not sure what to expect but dealing with him made me feel so much better. He sure knows what he is doing and how to put people at ease for sure (should have done this long ago). I recommend him to anyone I am so glad I had him on my side and now to do my part. Thanks Jerry ur greatPattie
Debbie Livingston
01:24 11 May 22
Rhoda Lewis helped me achieve a fresh start two and half years ago! She was very professional with a very warm, caring personality! I emailed her today with a question and she responded quickly. She's great at her chosen profession!!
Cassandra Keenan
21:05 10 May 22
Nothing but good things to say about Jackie. She was so nice and so understand and everything was so quick and easy. In a matter of a week, there was the solution that I never thought was possible. Thank you so very much for everything that you have done. ❤️❤️❤️
Hubert Z
03:08 10 May 22
I was in a lot of debt and stress, Jackie Stanley with David Sklar & Associates was very professional, and extremely helpful with getting out of debt. I should of did this sooner, they take the all the weight and stress of a persons shoulders, amazing team at David Sklar & Associates!!
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Consumer Proposal - Toronto

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 - Toronto

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 - Toronto

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 - Toronto

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 - Toronto

Income Tax debt can be a difficult challenge to overcome. Our Licensed Insolvency Trustee’s can 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 - Toronto

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.

Our Clients Say It Best

We take pride in what we do and hearing how we’ve made a positive change in our customer’s lives is the greatest reward we can receive.

We are here for you when you’re ready to Live Your Best Life Debt Free!

Toronto (Yonge & Richmond) Location