Licensed Insolvency Trustees (LITs)

We are federally regulated professionals who provide advice and services to
individuals and businesses with debt problems
David Sklar - Licensed Insolvency Trustee
david sklar meeting toronto hands on table
couple meeting with david sklar team about consumer proposal

We help folks from all walks of life and we can help you, too.

As Licensed Insolvency Trustees (LITs), we help people experiencing problems in repaying their debts. We accomplish this by providing practical advice and implementing strategies to reduce debt obligations.

We’re also the only professionals in Canada authorized to assist individuals in reducing or eliminating debts through a consumer proposal or bankruptcy. These government-sponsored debt relief programs are designed for those who cannot repay their debts in full. For some people, these options are far more practical and effective than relying on debt consolidation loans or employing the services of a debt settlement agency.

If you’re experiencing debt problems and are eager to find a solution, we can help you explore your options. No matter what financial difficulty you’ve found yourself in, we can map out a plan to get your finances back on track.

Our process is

david sklar lits about us

The Canadian government entrusts licensed Insolvency Trustees to help people fix their debt problems

Licensed Insolvency Trustees are individuals authorized by the Government of Canada to administer bankruptcies and consumer proposals. They must observe federal standards of practice required by the Bankruptcy and Insolvency Act (BIA) and abide by a strict Code of Ethics. The Office of the Superintendent of Bankruptcy (OSB) sets the regulations for the industry, which all Licensed Insolvency Trustees must follow.

Previously, these debt experts were called bankruptcy trustees or trustees in bankruptcy. However, the OSB required the profession to use the designation of licensed insolvency trustee as of April 2016. The new title more accurately reflects the scope of services they provide.

Despite the name change, a Licensed Insolvency Trustee’s role remains the same today: to provide individuals with the broadest range of options to tackle their debt issues and improve their financial well-being.

At David Sklar & Associates, we take great pride in being part of an industry that helps people free themselves from crippling debts. When you team up with us, we’ll hold your hand and make the process as easy for you as possible. We’ll take care of all the necessary paperwork and give you the tools your need to succeed.

You don’t have to pay any fee to meet with one of our debt experts and learn about the debt relief options available. Don’t hesitate to contact us to book your free, no-obligation appointment – we serve customers in locations across Ontario!

Chartered Insolvency and Restructuring Professional

A Chartered Insolvency and Restructuring Professional (CIRP) is the most highly trained and educated debt expert in Canada. A CIRP-designated Licensed Insolvency Trustee is a debt professional who is licensed by the federal government to undertake insolvency proceedings such as consumer proposals and bankruptcies.

our team david sklar

A Licensed Insolvency Trustee will deal directly with creditors on your behalf

Once you file a consumer proposal or bankruptcy you no longer need to speak to your creditors.  We will speak to your creditors on your behalf and let them know they can longer peruse collections, or legal action against you. You can start living stress free again.

Our Licensed Insolvency Trustees offer free financial advice

You’re already under a great deal of financial stress, that’s why we offer free financial adviceIt’s important that you are aware of the many unregulated companies that claim to help, but simply charge a referral fee to pass you along to a Licensed Insolvency Trustee.

jason sklar richard sklar lits
lit life raft icon

Drowning in debt?
We can get you in a life raft.

When you’re drowning in debt, it’s nearly impossible to think about anything else. The moment you allow yourself to feel happy about something, you worry if the next phone call will be the one that you won’t be able to financially recover from.  

If debts are piling up and you’re struggling to stay financially afloat, the Licensed Insolvency Trustees at David Sklar & Associates are here for you.

Discussing your options with a Licensed Insolvency Trustee

It’s important that you know your options, and a Licensed Insolvency Trustee can help you understand them all.  Filing a Consumer Proposal or Bankruptcy may not be the right option for you.  Make a decision your future self will thank you for and speak to one of our LITs.

Why is an LIT
the best option?

Ready to leave your debt behind? The first step is to meet with one of our Licensed Insolvency Trustees to review your options

Before you take action to tackle your debts, it’s vital you know all your options. After all, you want to be sure that you choose the one that’ll improve rather than worsen your situation. At David Sklar & Associates, we’ll help you do exactly that.

Depending on your situation, some practical advice may be all you need to guide you down the right path. You may not need to file a consumer proposal or bankruptcy. In fact, we only recommend pursuing bankruptcy as a last resort.

Make a decision that your future self will thank you for, and book a free, confidential meeting with one of our LITs.

Get to know our Licensed Insolvency Trustees

david sklar licensed insolvency trustee

David Sklar

Licensed Insolvency Trustee

In 1997, David formed David Sklar & Associates Inc. a caring, professional firm that provides solutions for people dealing with financial stress through a wide range of services. Over the years, David Sklar & Associates has grown to multiple offices throughout Ontario and is one of the largest filers of Consumer Proposals and Bankruptcies in Ontario.

David is currently a member of the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of Ontario. He is also a licensed credit counsellor, has earned the CIRP designation (Chartered Insolvency and Restructuring Professional), and is a general member of the Ontario Association of Restructuring Profession

david sklar richard sklar licensed insolvency trustee

Richard Sklar

Licensed Insolvency Trustee

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.

mark morgan licensed insolvency trustee

Mark Morgan

Licensed Insolvency Trustee

In 2006, Mark – a successful Chartered Professional Accountant, earned his Chartered Insolvency and Restructuring Professional designation. Active in Insolvencies since 2001, he uses his knowledge, experience and empathy to help people and businesses find the right solutions to their financial problems. Mark delights in helping clients, “realize that they can and will rid themselves of the financial chaos that has held them down for so long”. He encourages his clients to learn from past mistakes and then use that knowledge to build a better tomorro

olga chtcherbakova licensed insolvency trustee

Olga Chtcherbakova

Licensed Insolvency Trustee

Olga is a Licensed Insolvency Trustee, Chartered Insolvency and Restructuring Professional (CIRP), with over sixteen years of experience in personal and commercial debt restructurings, bankruptcies, Consumer Proposals, and receivership engagements. Olga always brings a friendly caring and understanding approach to helping her clients.  Her creativity and knowledge of the industry are what make her so effective when finding the right debt solution. Olga strives to put people at ease by elevating their debt so they can move on to a positive financial future.

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

But it's still possible!

Did you know there is a Canadian debt relief 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.

What our clients are saying.

Based on 1126 reviews
Ray Paton
Very nice people to deal with
Chan Abdulla
My visit at David Sklar & Association was great. I met Samycha and she was amazing and treated me with compassion and was never judge by anyone there at the office. I will recommend anyone that is looking for a new start in life again to book an appointment at David Sklar & Associate's. All the staff there is very polite and treat you like you are special.
Extremely professional, empathetic, honest and down to earth.I felt as those I had previously known Samycha for years. Her ability to relate, understand and assist with my situation was comforting. Very happy with their services.
Simone Foster
The company as a whole is fantastic. If you’re not ready or serious they won’t harass you with cold calls but when you are ready they will help you with a realistic plan. Everyone I’ve worked with is efficient and knows what they’re doing. Just like everyone in the comments I have to praise Cori who I would describe to people like the auntie who knows best lol thank you for everything.
Ricardo Villa
Jerry Janiec and Hernee Templonuevo have been very helpful from beginning to end. Hernee is knowledgeable of what it is that is required of you regarding pertinent documents that they need. Jerry provides a clean picture of your options and makes recommendation that is suited with your current situation. Thank you, both.
Trish Gee
David Sklar & Associates… they work for you. They do everything they can to help you get out of debt. They lower your debt, then help you rebuild your credit. They care about helping Canadians get out of debt.I’m in a fair amount of debt, and they almost cut my debt in half for me, and in just five years, I will be debt-free, because of them. I’ve been sick because of the amount of debt looming over my head. After my first meeting with Grace, I feel so much better. Grace set up a Consumer Proposal to help me get out of my debt, and I can see an end to my debt. My mental health has gotten so much better since that first meeting, and I owe it all to Grace, and everyone at David Sklar & Associates. Thank you, all!
ronald hall
Trina was the one who handled my case. She was understand, patient and professional.
Chris B
Very professional and thorough
Next Reviewsjs_loader
DS david skalr icon

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.

DS david skalr icon

Book your free consultation.

Call 1-844-962-9200 or fill out the form below. We’ll do the rest.

Contact Us