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
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couple meeting with david sklar team about consumer proposal

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

Licensed Insolvency Trustees (LITs) are the only professionals authorized to help you find the right government-regulated program to reduce or eliminate your debt, such as consumer proposals or bankruptcy.

We can help you out of whatever financial difficulty you’ve found yourself in and we’ll do so with compassion. 

Our process is
 federally
regulated

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Trusted by the Canadian government

Licensed Insolvency Trustees are federally regulated by the (OSB) and must adhere to federal standards of practice, including the Code of Ethics for Trustees.  It doesn’t cost you anything to meet with us to learn about the different debt options available to you. When you choose to work with David Sklar & Associates, we will hold your hand throughout the process, filing all the necessary paperwork and giving the tools you need to rebuild your financial future. 

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An LIT 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.

We offer free financial advice

You’re already under a great deal of financial stress, that’s why we offer free financial advice.  It’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.

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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, we’re 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?

  • Government regulated training and licensing
  • Can reduce the amount you owe
  • Can protect your assets
  • Low cost services
  • In-depth knowledge of Insolvency Law
  • Can stop wage garnishments
  • Can stop harassing calls from collection agencies
  • Services that are guaranteed to work

Get to know our Licensed Insolvency Trustees

David Sklar

David Sklar
CA, CPA, CIRP, LIT

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

mark morgan licensed insolvency trustee

Mark Morgan
CA, CPA, CIRP, LIT

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

Marva Brooks
CIRP, LIT

Licensed Insolvency Trustee

Active in Insolvencies since 1985, Marva earned her Chartered Insolvency and Restructuring Professional license in 1992. Her wide range of personal and professional experiences enables her to understand and relate to people from all walks of life. Marva puts her clients at ease – and back in control of their financial lives. She uses her vast experience in both Consumer and Corporate Trustee issues to bring about the best possible outcome for her clients. A true optimist at heart, Marva empowers her clients to see that their glass is half-full and not half-empty.

olga chtcherbakova licensed insolvency trustee

Olga Chtcherbakova
CIRP, LIT

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.

Richard Sklar
CIRP, LIT

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.

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 751 reviews
Sharon Dizo
I made a review in 2017 i will again make a review now 2022. Thank you Jackie for everything that you do for me. Forever thankful. I have paid everything already. On one spring day back in 2017 i was in a lot of stress, dealing with phone calls from the bank. A friend of mine told me to go to David Sklar’s office (its close to my apartment) as she is also paying hers( in another firm). So i did and i was glad i did. Thank you and God speed!
22:49 08/13/22
Misconduct Charlie
(From K.M)After a great deal of thought, that actually went on far too long and only created more hardship, I finally called David Sklar and Associates. They immediately set up a mutual time for an in person appointment. I had the greatest fortune to meet with Jerry Janiec!From the moment I met Jerry, I felt at ease and the weight I had been bearing began to lift.Jerry is very personable with a happy, kind, patient and gentle nature. He is very knowledgeable and extremely thorough in all of the information and options that were presented. Jerry was very supportive in the option I chose.I read other reviews on David Sklar and Associates and I whole heartedly agree. If you are struggling and it seems never ending, make the call to these people. I should have much, much sooner.Thank you so very much Jerry Janiec. You truly are a blessing.Sincerely, Karen M.
16:08 08/08/22
reza mansourabadi
Great job. Bibi , marvel and many associated help us to serve the problem . Appreciate to your team David sklar .
15:26 08/05/22
Trev Miller
Cori was kind and helpful, anyone interested in learning more about debt options would be fortunate to hear her insights and experience on the subject
13:55 07/26/22
Antonia Flor De Andrade
Cori has been a great help in relieving stress caused by debt in my life, she has excellent knowledge in her line of work. Cori has a lot of patience and takes her time with her clients to make sure they understand. It has been a great pleasure working with Cori.
18:15 07/20/22
Aileen M
The service excellence I received was amazing. The staff at friendly and considerate and show empathy when dealing with such a difficult choice.
19:52 07/19/22
you're in My Office
Caner uzun.. this place is full of professional lawyers all my debt problems are gone all I had to do is make an appointment go see them boom its that easy thank you all for your help
17:19 07/18/22
Jehoshaphat McLeod
My mother introduced me to the company and I signed up and I spoke to Christine Sylver ... Let me tell you .... Christine Sylver is the best licensed debt counselor ever. She helped me from when we starting talking up until now and she's a great individual. I would recommend her and this company to anybody. I can't wait to have me debt cleared and start my life again.
20:21 07/06/22
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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.