For 30 years, our debt help has empowered more than 100,000 Canadians to become debt free.
Whether you need debt help for yourself or your business, our dedicated and caring local teams will be by your side from the first time you call us until you have achieved your goal of debt freedom. Here, you are not passed from one department to the next. You are guided by the same person throughout your debt relief journey, giving you the personalized attention that you deserve.
At Spergel, your Licensed Insolvency Trustee values your time and offers appointments at your convenience, even in the evenings and on weekends. To discuss debt solutions for your business, please contact our Corporate Team here.
Get back to enjoying your life.
At Spergel, we offer customized debt solutions to reduce and eliminate your stress and worry. Our debt-free solutions stop collection agency calls and are the only way to effectively stop CRA or any other type of wage garnishment.
We have Licensed Insolvency Trustees waiting to answer all of your questions about debt. We will cover everything from how long a bankruptcy lasts to how much your debt will be reduced by a consumer proposal – enabling you to make an informed choice. You owe it to yourself.
Locations near you.
At Spergel, our locations are open evenings and weekends to accommodate your schedule. Find out if bankruptcy or a consumer proposal will work for you by discussing your debt relief needs with a knowledgeable Licensed Insolvency Trustee.
You can book a free consultation at any of our 34 locations or give us a call anytime. We are here to listen to your debt story and help you become debt free. Finding your nearest office is as easy as clicking on the link below.
Can anyone file personal bankruptcy and how long does the bankruptcy process take?
Anyone with more than $1,000 of unsecured debt (secured car loans and mortgages don’t count) can file personal bankruptcy. While the length of the bankruptcy process varies, a bankruptcy can last as little as 9 months.
Is filing a consumer proposal the same thing as getting a debt consolidation loan?
A consumer proposal is not a loan and is not the same as a consolidation loan. A consumer proposal is a payment plan we help you arrange with your creditors that stops all interest and penalties immediately, allows you to pay less than the full amount owing to each creditor, and sets a fixed monthly payment to help you control your budget and keep your assets. A consolidation loan is a new loan you take out to pay off all your current debts, has a lower interest rate, but you are required to repay the full amount owing plus the revised interest.
Does a Licensed Insolvency Trustee work for my creditors, will they answer my bankruptcy questions honestly?
No, we do not work for your creditors. Trustees are independent of both the creditors and the individual filing for protection. Our job is to answer your questions honestly to help you fully understand how bankruptcy works and prepare you to avoid unexpected surprises.
How much can CRA garnish my pay cheque and what else can they do to me?
CRA can garnish an employee up to 50% of their wages. Sub-contractors and pensioners can lose as much as 100%. CRA can also place a lien on your house and freeze bank account(s) if you ignore them for a long time.