Licensed Insolvency Trustees in Hamilton | Consumer Proposals & Debt Solutions
Free Debt Consultation in Hamilton | Consumer Proposals & Bankruptcy
Debt Solutions – Hamilton, Ontario
Struggling With Debt in Hamilton? We Can Help You Take Back Control.
At David Sklar & Associates in Hamilton, we know that financial struggles can happen to anyone.
Our Licensed Insolvency Trustees in Hamilton will listen without judgment, guide you through your debt relief options, and help you regain control of your financial future.
Let’s find the right debt solution for you.
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About David Sklar & Associates in Hamilton
Our Hamilton office, located at 21 King Street West, Suite 510, provides confidential debt consultations to individuals and families throughout Hamilton, Stoney Creek, Ancaster, Dundas, Hamilton Mountain, and surrounding communities.
Conveniently located in downtown Hamilton near King Street West and James Street, the office is within walking distance of the MacNab Street Transit Terminal, Jackson Square, and Hamilton GO Centre. Public parking is available nearby.
Clients can also receive assistance at our Burlington office.
Visit Our Hamilton Office |
Hours, Address & Directions
21 King St W, Suite 510, Hamilton, ON, L8P 4W7
| Monday – Friday | 8:30am to 5:30pm |
| Saturday | 9am to 1pm |
| Sunday | CLOSED |
Debt Relief in Hamilton, starts here
In this video, Richard Sklar shares how our team helps clients escape the debt cycle with consumer proposals, bankruptcy guidance, and real-world money management advice.
Meet Your Hamilton Debt Solutions Manager: Tammi Oddi
Tammi brings a warm, knowledgeable presence to every client meeting. She takes the time to listen and explain all available debt solutions in a way that’s easy to understand helping people take back control of their finances and start rebuilding with confidence.
Debts We Help Hamilton Residents With
Whatever your situation, we’re committed to helping you get out of debt with your best interest in mind.
Licensed Insolvency Trustees are Trusted by the Canadian government to provide debt relief
Licensed Insolvency Trustees (LITs) are federally regulated by the (OSB) and must adhere to federal standards of practice, including the Code of Ethics for Trustees. It’s free to meet with us and learn about your debt relief options. At David Sklar & Associates, we’ll guide you through the process, handle the paperwork, and give you the tools to rebuild your financial future.
5 debt relief options in Hamilton
A consumer proposal is a federally regulated program that lets you consolidate your debts into one affordable payment. With the help of a Licensed Insolvency Trustee, you can keep your assets, stop interest, and put an end to collection calls, all while paying only what you can reasonably afford. Learn how a consumer proposal can reduce your debt.
Personal bankruptcy is a federally regulated process you should consider only after speaking with a Licensed Insolvency Trustee. Personal bankruptcy is a legal way to clear your debts when you can’t repay what you owe, giving you protection from creditors and a chance to start fresh. Read our full guide to personal bankruptcy in Ontario.
A debt consolidation loan combines multiple debts into one payment, usually through a bank or credit union. It can help lower interest costs, but not everyone qualifies. For those with low credit scores, high-interest loans from third-party lenders can make debt harder to manage in the long run.
A debt management plan is an informal agreement to lower interest rates and make payments more manageable. You must repay the full amount you owe, and it doesn’t cover student loans or government debt. Since it isn’t legally binding, some creditors may not participate.
Credit counselling provides guidance, and strategies to help you take control. In a supportive setting, we’ll review your situation, explore your debt relief options, and show you how to budget, save, and manage credit more effectively. With the right tools, you can work toward lasting financial stability.
A consumer proposal may reduce what you need to repay
If you have $55,000 in unsecured debt, there are different paths you can take—some more expensive and stressful than others.
In some cases, people use a consumer proposal to repay less than the full balance and spread payments over time. A Licensed Insolvency Trustee reviews your finances and explains what a reasonable proposal could look like in your circumstances. Results vary, and there’s no one-size-fits-all percentage
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.
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How Our Licensed Insolvency Trustees Help Hamilton Residents
A 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.
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.
We’ve all seen the ads claiming how a debt consolidation loan 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.
It’s stressful and overwhelming to carry large amounts of debt. Are you struggling to break the debt cycle? We can help you develop a better relationship with money.
Our team of Licensed Insolvency Trustees has been providing credit counselling in Ontario since 1997.
At David Sklar, we have Licensed Insolvency Trustees who have years of experience providing debt relief services to Ontario residents looking for a fresh financial start. Specializing in consumer proposal, bankruptcy, and credit counseling, our trustees will explain all your options and customize a debt recovery plan that’s manageable for your unique situation. Many of our clients are surprised to learn there are more options than bankruptcy or debt consolidation! Our experienced team of non-judgmental, knowledgeable, and caring individuals all have one goal—to help you regain control of your finances. Schedule a confidential appointment today. You deserve a fresh start.
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.
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 can be a difficult challenge to overcome. Our Licensed Insolvency Trustee’s 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.
Payday loans are short-term loans that are not borrowed from banks. Instead, they are borrowed from private companies.
What makes payday loans so attractive to someone struggling to make ends meet is that they’re very easy to get. However, they can become a debt trap, since they are exempt from the 35% interest rate limitation. Therefore, the annual interest rate on a payday loan is close to 365% or higher if you miss payments.
We can help you determine the best option for you to help you out of the payday loan debt trap.
Your mortgage and car debt are both examples of secured debt. This means that when you borrowed money to pay for your house or your car, the bank loaned you the money because they could easily take the asset back if you can’t make your payments.
Is a consumer proposal right for you?
Consumer proposals are interest-free, so you may find it more manageable to cover your mortgage and car payments that way. Consumer proposals will not allow you to include secured debt (like your mortgage or car loans), but you will be able to reduce other forms of debt by up to 80%.
When you need or want an expensive item and interest rates are low, it’s hard to resist the temptation to take out a line of credit rather than waiting until you have enough saved up to make the purchase yourself. This cycle of borrowing instead of saving is very easy to fall into.
Do you have a line of credit, overdraft protection, or other personal loans that you’re trying to pay off? You may be struggling to come up with the payments. When you’re also paying for housing expenses, food, and clothing, those debts can quickly get way over your head.
(And we have all been there so we say this with no judgement!)
Where is the David Sklar & Associates Hamilton office located?
The David Sklar & Associates Hamilton office is at 21 King Street West, Suite 510, Hamilton, ON L8P 4W7. The office is in downtown Hamilton, accessible via Hamilton Street Railway transit. Call (226) 243-4560 or 1-844-962-9200 to book a free, no-obligation consultation.
Who is the manager at the David Sklar Hamilton office?
Tammi Oddi is the debt solution manager at Hamilton office. You can also meet the full David Sklar team at our Our Team page.
What are the office hours at David Sklar Hamilton?
The Hamilton office is open Monday to Friday from 8:30am to 5:30pm, Saturday from 9am to 1pm. The office is closed on Sunday. Free phone and video consultations are also available outside these hours by appointment.
Is the first debt consultation at Hamilton really free?
Yes. All initial debt consultations at the David Sklar Hamilton office are completely free and no-obligation. There are no upfront fees, hidden charges, or commissions. You only pay the federally regulated trustee fees if you formally proceed with a consumer proposal or bankruptcy filing.
Can I file a consumer proposal or personal bankruptcy at the Hamilton office?
Yes. The Hamilton office is staffed by Licensed Insolvency Trustees authorized under the federal Bankruptcy and Insolvency Act to file both consumer proposals and personal bankruptcies. Our Hamilton office serves Hamilton, Stoney Creek, Ancaster, and Dundas, plus surrounding areas of the Hamilton-Wentworth region.
Trusted support every step
Helping with compassion
We are a team of Licensed Insolvency Trustees (LIT) which means we can help you out of whatever financial difficulty you’ve found yourself in and we’ll do so with compassion.
No cost to you
Meeting with us is free. As federally regulated Licensed Insolvency Trustees, we offer trusted advice and legal protection, never commissions or upfront fees.
With you every step
We know how stressful, this can be, but you’re not alone. We’ll explain your options clearly, answer your questions, and guide you toward a brighter financial future for you and your family.
Certified licensed professionals
LITs are federally regulated by the Office of the Superintendent of Bankruptcy (OSB) and follow a strict code of ethics to ensure you get trusted support.
Here to help you
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
This page was reviewed by Tammi Oddi at the David Sklar Hamilton office. David Sklar & Associates is federally regulated under the Bankruptcy and Insolvency Act. Last reviewed: May 2026.