How to File Bankruptcy in Ontario

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We can help you file bankruptcy in Ontario

After you book your free consultation and determine that declaring personal bankruptcy is the best debt-relief option for you, we take care of the rest. We complete the necessary paperwork and show you how to file for bankruptcy in Ontario with compassion and understanding. 

We will explain the entire process to you and set you on the right path to rebuild your finances.

What to expect from our supportive staff

Our business is built on exceptional customer service, we want you to know that we are focused on solving our customer’s debt problems and we will do everything in our power to insure we exceed your expectations.

We are here for you when you’re ready to live your best life debt free!

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How to file bankruptcy in Ontario, Canada

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1. Book a FREE consultation with a David Sklar

In Ontario, bankruptcy can only be filed through a Licensed Insolvency Trustee (LIT).

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2. Meet to review your debts, budget, and assets

Prior to filing, we will help you assess the value of your assets and let you know what you will be able to keep and what you would need to surrender.

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3. Consider bankruptcy costs

You may find it surprising that there are costs associated with claiming bankruptcy in Ontario. The cost is different for every individual, as it is determined by income, expenses, and assets.

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4. Review alternatives to bankruptcy

Based on your situation and debt, we can help you find the best options for debt relief. A consumer proposal may be a better solution for you!

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5. Fill out required forms

We will walk you through filling out and signing the necessary forms to successfully file for bankruptcy.

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6. Your bankruptcy forms are filed

Completed bankruptcy claim forms will be filed with the government by your Licensed Insolvency Trustee.

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7. Protection from creditors begins

Collection calls stop immediately, and you’re able to have a fresh start and rebuild your credit score.

Advice on Bankruptcy

More Personal Bankruptcy Blogs

Getting into debt is easy. Getting out is a different story.

But it's still possible!

Did you know there is a Debt Program federally regulated by the Canadian Government, designed to help citizens avoid claiming bankruptcy? This amazing program can only be administered by a Licensed Insolvency Trustee (LIT).

If you’re struggling to make your payments every month and creditors won’t stop calling, we can help.

See what you can save

What our clients are saying.

Based on 774 reviews
Debbie Asquith
Jerry was professional and was easy to deal with
00:09 11/29/22
Melissa Blackburn
I was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
19:53 11/17/22
Suzanna Vaclavik
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
12:21 11/16/22
Patrick Kovanchak
Recently dealt with Christine at David Sklar & Assoc. and worked out a Consumer Proposal to put forth to my creditors for my Credit Card debt. She was very courteous, professional and put me at ease with a proposal that I can afford on a monthly basis, which will eliminate my debit in a reasonable timeframe. I would recommend Christine and this firm in a heartbeat. Very happy with the service and attention I got !!
01:59 11/15/22
Fady Tadros
Excellent customer service. Special thanks to Olga for being prompt and helpful. She’s a star. Bibi is helpful as well. Great agency to work with.
19:28 11/14/22
David
After seeing your commercial play on CP24, I realized that it addressed all the questions and concerns I had about my financial situation. It all started with my one phone call to your office. I had the extreme pleasure of working with Cori Naron at your St. Clair West office in September 2022. She took the time to explain what my options were knowing that it was a very stressful situation with my debt load. She made me feel at ease with my decision to file a consumer proposal and outlined the benefits to me. She is thorough and her attention to detail is outstanding. While it takes a little while to reap the benefits of making this hard decision, she took the time to reassure me that it was in my best financial interest. Well done David Sklar & Associates for having such an amazing representative at your company and for allowing me to "get a fresh start"!
14:31 11/14/22
Peter Romasz
Very highly perfection individual, well executed and greatly knowledgeable in his work, which guided me me the right decisions making opportunities. Thank you.Sincerely, Peter Romasz
20:18 11/13/22
Jennifer Hager
Trina Powell was very helpful and made the process very easy. Thanks again for all your help.
17:59 11/06/22
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We are David Sklar

Our team of Licensed Insolvency Trustees in Ontario can help you get out of debt and in control of your own financial future. We’ve helped thousands of people and we can help you too. 

We know this is stressful, but you're not alone.

It’s going to be okay.
Book your free consultation today. We’ll do the rest.