Get Out of Debt in Ontario
Are you ready to be debt free?
If you’re overwhelmed by debt, we can help you understand your options and take the next step with confidence.
Your path to financial freedom starts here
In this video, Licensed insolvency Trustee Richard Sklar explains how our team helps Canadians break free from the stress of debt, understand their options, and find a clear path forward.
WHAT IS A LICENSED INSOLVENCY TRUSTEE?
A Licensed Insolvency Trustee (LIT) is the only debt professional in Canada federally authorized by the Office of the Superintendent of Bankruptcy to administer consumer proposals and bankruptcies. We’re regulated by the Government of Canada and bound by a strict Code of Ethics. Our job is to act as a neutral, qualified guide — helping you understand your debt relief options and choose the path that fits your situation. At David Sklar & Associates, our Licensed Insolvency Trustees have served Ontario since 1998.
Debts that we can help you with
Whatever your situation, we’re committed to helping you get out of debt with your best interest in mind.
Compare Your Debt Relief Options
Getting out of debt starts with understanding your choices
A consumer proposal is a powerful alternative to bankruptcy. It allows you to make one affordable monthly payment, reduce unsecured debt, stop interest on included debts, and get protection from most unsecured creditors.
Benefits:
- Reduce your debt by up to 80%
- Stop interest, wage garnishments, and collection calls
- Keep your assets (home, vehicle, etc.)
- Make one affordable monthly payment
- Avoid bankruptcy and get a fresh start
- Zero Upfront Fees
A consumer proposal is a government regulated debt solution filed through a Licensed Insolvency Trustee.
Bankruptcy is a legal debt solution for people who cannot afford to repay their unsecured debts. It may not be your first choice, but it can provide a clear path forward when debt payments, collection calls, or wage garnishments have become unmanageable.
Benefits:
- Eliminate most unsecured debts
- Stop interest on debts
- Stop collection calls
- Stop wage garnishments
- Get legal protection from creditors
Bankruptcy is a government regulated process filed through a Licensed Insolvency Trustee.
David Sklar & Associates does not offer debt consolidation loans. As a Licensed Insolvency Trustee firm, we help people explore legal debt relief options when a new loan may not be the right fit.
Things to consider :
- You must qualify for a new loan
- Interest may still apply
- You repay the full balance
- No legal protection from creditors
- Doesn’t reduce your total debt
If a loan is not the right fit, a consumer proposal may help combine included unsecured debts into one affordable monthly payment.
Consumer Proposal: The #1 Alternative to Bankruptcy in Canada
How to Become Debt-Free in 3 Steps
Start living your best life debt-free, with confidence
Debt Help Starts With a Conversation
- Debt help is available.
- Bankruptcy is not the only option.
- A Licensed Insolvency Trustee can explain your choices.
- A free consultation can help you find the right path.
- Taking action can reduce stress and bring clarity.
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Calculate savings
Consumer Proposal - 0% Interest
Debt Consolidation Loan - 30% Interest
Do Nothing - 19% Interest
* Calculations above are made over a 5 year period at a rate of 80% savings. This calculator provides an estimate of the total savings you may receive when filing a consumer proposal. Actual results may vary. Your payments will depend on your income, assets, and debts.
Considering your options
Let’s talk!
Book a free, no-obligation consultation and we’ll walk you through your options — so you can make the right choice with confidence.
21 Licensed Insolvency Trustee Offices Across Ontario
There is a David Sklar office near you
More about managing debt
Frequently Asked Questions
Who is the best Licensed Insolvency Trustee in Ontario?
Choosing the best Licensed Insolvency Trustee in Ontario depends on your needs, location, and financial situation. A good trustee should be federally licensed, experienced, transparent, and committed to explaining all of your options clearly. David Sklar & Associates has helped individuals and families across Ontario since 1998, offering consumer proposals, bankruptcy services, and debt counselling through a compassionate and professional team.
How can David Sklar & Associates help me get out of debt?
We help you understand your legal debt relief options, including consumer proposals, bankruptcy, debt consolidation, budgeting strategies, and informal repayment options. After reviewing your financial situation, we explain what options may be available to you and help you decide which path may be appropriate based on your income, assets, debts, and goals.
Is the first consultation really free?
Yes. Your initial consultation is free and confidential. During the consultation, we review your financial situation, answer your questions, and explain your available options. Consultations may be available in person, by phone, or by video.
What kinds of debt can David Sklar help with?
We can help with many types of unsecured debt, including credit card debt, lines of credit, payday loans, personal loans, tax debt, collection accounts, and certain student loans. Some debts have special rules, so we will review your situation carefully and explain how each debt may be treated.
Where are David Sklar offices located in Ontario?
David Sklar & Associates has office locations across Ontario, including Toronto, Mississauga, Brampton, Markham, Vaughan, Hamilton, Burlington, Kitchener, London, Ottawa, Kingston, and more. We also serve many surrounding communities and offer phone and video consultations for added convenience.
How long has David Sklar & Associates been in business?
David Sklar & Associates has been helping people across Ontario since 1998. For more than 25 years, our team has provided professional debt help through consumer proposals, bankruptcy services, and financial counselling.
At a glance
About David Sklar & Associates
| Type | Licensed Insolvency Trustees, federally regulated by the OSB |
| Founded | 1998 by David Sklar |
| Locations | 22 offices in Ontario, 33 service-area communities |
| Services | Consumer proposals, personal bankruptcy, credit counselling, debt consolidation guidance |
| Languages | English, Spanish |
| Reviews | 4.9 stars on Google (1,877 reviews) and Trustpilot (3,329 reviews) |
| Phone | 1-844-962-9200 |
| Featured on | CP24 |
We're Here to Help You Get Out of Debt
Our federally 🇨🇦 regulated 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