About Spergel: Canada’s trusted debt relief experts
For over 35 years, Spergel, the ‘get rid of debt’ people has been at the forefront of helping Canadians break free from the cycle of debt and regain control of their financial futures. As a leading Canadian insolvency firm, we pride ourselves on offering tailored, compassionate solutions that guide both individuals and businesses through the complexities of debt relief with confidence and clarity. Unlike other insolvency firms, you’ll be assigned your very own dedicated Licensed Insolvency Trustee to walk you step by step through your chosen form of debt relief, instead of passing you from person to person.
Who we are
Our team of Licensed Insolvency Trustees (LITs) is dedicated to providing personalized solutions for each client we serve. Whether you’re facing overwhelming credit card debt, struggling with tax issues, or considering bankruptcy, our experts are here to walk you through every step of the journey.
We’ve helped over 100,000 Canadians become debt free through consumer proposals, bankruptcy filings, and other financial restructuring services. Our expert knowledge of Canadian insolvency law and our client-first approach ensure that you’ll receive the guidance and support you need to find the right solution for your unique circumstances.
For 35 years, the caring team at Spergel has helped over 100,000 people discover how good it feels to be debt free.
Why choose Spergel?
Unmatched expertise
With over 35 years of experience, Spergel offers an unparalleled level of expertise. We’ve successfully negotiated and settled millions of dollars in debt for our clients, and work tirelessly to help you navigate the most effective path toward financial freedom for you.
Local experts across Canada
We serve communities across Canada, including Ontario, British Columbia, and beyond. Whether you meet with us in person or choose to consult virtually, our team is here to provide professional support and expert guidance no matter where you are in the country.
Compassionate and confidential
We know discussing your finances can feel intimidating. That’s why our team is committed to creating a judgement-free, supportive environment where your confidentiality is our priority. We’re here to listen, understand, and offer real solutions, in line with the simple mission laid out by our founder, Alan Spergel, 35 years ago: treat people with respect and compassion.
Personalized solutions
We recognize that financial difficulties can be overwhelming, but you’re not alone. At Spergel, our approach is centred around understanding your personal financial situation and crafting a solution that works for you—whether through a consumer proposal, bankruptcy, or alternative debt relief options. We are not a one-size-fits-all service.
Our services
At Spergel, we offer a comprehensive range of services to meet all of your debt relief needs:
- Consumer Proposals: avoid bankruptcy while reducing your debt by up to 80% and protecting your assets, including your home and car. A consumer proposal can help you to reach an agreement with creditors to pay a portion of your debt over time.
- Bankruptcy Services: when necessary, bankruptcy can provide a fresh start. We’ll help you to understand the process and determine whether it’s the best solution for your situation.
- Debt Consolidation: consolidate and simplify your debts into a single manageable payment and reduce financial stress.
- Tax Debt Relief: struggling with tax debt? Our team has the experience and expertise to negotiate with the CRA and find a path forward.
- Corporate Insolvency: if your business is in financial trouble, we can guide you through restructuring or corporate bankruptcy, helping you find the best path forward.
We can also provide information and advice on:
- Car loan debt
- Collection calls
- Credit card debt relief
- Credit counselling
- Debt settlement
- Mortgage debt relief
- Payday loan debt relief
- Student loan debt relief
- Wage garnishment
Why work with a Licensed Insolvency Trustee?
Licensed Insolvency Trustees (LITs) are Canada’s foremost experts in debt management and the only professionals legally authorized to oversee and administer bankruptcies and consumer proposals. Their comprehensive knowledge ensures you receive guidance that is both accurate and effective for resolving financial challenges.
At Spergel, our Licensed Insolvency Trustees are fully accredited by the Office of the Superintendent of Bankruptcy (OSB) and have successfully completed the rigorous Chartered Insolvency and Restructuring Professional (CIRP) qualification program. This means you’re working with experts who have met the highest standards in the industry.
All LITs adhere to a strict code of professional ethics, which includes:
- Conducting a full and transparent assessment of your financial situation,
- Clearly presenting all available debt management options, and
- Providing an impartial recommendation tailored to your unique needs.
While a Licensed Insolvency Trustee may not always be required for every debt solution, you can trust that our team will always act in your best interest. Should an alternative approach be more suitable, we’ll connect you with reliable, professional services to help you achieve your financial goals.
Spergel’s history
- 1989
- 1991
- 1992
- 1998
- 1998
- 2002
- 2003
- 2005
- 2007 - 2009
- 2007
- 2009
- 2012
- 2013
- 2015
- 2017
- 2019
- 2020
- 2021
- 2022 - 2023
- 2022
- 2023
- 2024
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Alan Spergel Opens an Insolvency Practice
Alan Spergel opens Mandelbaum Spergel Inc. located at 200 Consumers Road. The insolvency practice provides both consumer and corporate insolvency services, and Alan hires a part-time secretary as his only employee.
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First Satellite Office
Mandelbaum Spergel Inc. opens its first satellite office at 307A Danforth Avenue, above a restaurant. The office remains one of the company’s locations to date.
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Head Office Relocates to 505 Consumers Road
Mandelbaum Spergel Inc. moves to 505 Consumers Road. Alan hires Trustee Carl Ritchie to oversee the consumer insolvency division and Trustees Chris Galea and Colin Boulton to further expand the practice to Mississauga and Oshawa, respectively.
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CAIRP Representative, Alan Spergel Called to Government Senate Committee Hearing
Spergel President and Founder, Alan Spergel, represents the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) at a Government Senate Committee hearing for the BIA (Bankruptcy & Insolvency Act).
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Alan Spergel Gives Evidence at Bankruptcy Court in Turin, Italy
As the court appointed Monitor, and subsequent Receiver, under a CCAA proceeding, Alan is called to testify at Bankruptcy Court in Turin, Italy on behalf of American Sensors.
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Consumer Practice Growth
Trustee Jeff Adiken joins the firm and eventually takes over oversight of the consumer practice from Carl Ritchie.
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Mandelbaum Spergel Inc. Records 184 Consumer Filings in ONE MONTH
The consumer insolvency group files a record 184 insolvency filings in a month.
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Expansion to Hamilton
Trustee Trevor Pringle joins the firm and opens offices providing both consumer and corporate insolvency services in Hamilton and surrounding areas.
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Alan Spergel Appointed Chairperson of CAIRP
President and Founder, Alan Spergel, appointed Chairperson of the Canadian Association of Insolvency and Restructuring Professionals, and oversees the drafting and approval of regulatory changes to the Bankruptcy and Insolvency Act (BIA) in 2009.
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Name Change to MSI Spergel Inc.
Mandelbaum Spergel Inc. changes its name to MSI Spergel Inc. and develops the red dots as its logo.
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20 Years in Business
Mandelbaum Spergel Inc. celebrates 20 years in business, with over 20 offices covering all of Ontario. Alan’s daughter, Gillian Goldblatt, joins the firm and goes on become a Trustee.
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Independent Canadian Insolvency Network (ICIN)
Alan Spergel starts a national network of 8 independent insolvency practitioners to refer consumer insolvency business across the country. The network eventually grows to 13 members across Canada.
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Northern Ontario Expansion
Trustee Rob Kilner joins the firm and takes over the Northern Ontario region.
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ICIN Joins the Global Restructuring & Insolvency Practitioners (GRIP) Network
ICIN joins a global network of independent insolvency firms to refer corporate restructuring and insolvency business. GRIP stretches from North America to Europe to Australia & Asia with over 45 firms.
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Growing Practice Sees New Trustees Added
The firm opens its first office in downtown Toronto at 120 Adelaide St. West. Trustee Mukul Manchanda joins the firm to expand the corporate insolvency practice and goes on to oversee the firm’s corporate insolvency group. Chris Galea’s daughter, Samantha, joins the firm and goes on to become a Trustee.
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30 Years in Business and Expansion to British Columbia
The firm celebrates 30 years in business and Trustee Ashvin Sharma, who started with the firm as a student in 2009, moves to B.C. to expand the firm to the West Coast.
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Consumer Insolvency Moves to Virtual Meetings
In response to the COVID pandemic, the Office of the Superintendent of Bankruptcy allows Trustees to provide services virtually, greatly expanding a Trustee’s ability to see clients. The firm hires Trustee Graeme Hamilton to take over the Downtown Toronto practice.
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Spergel Receives Accredited Business Status from the Better Business Bureau
Better Business Bureau Canada recognizes Spergel for their commitment to ethical and trustworthy service, awarding the firm the BBB Accredited Business Seal.
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Gillian Goldblatt Appointed President of OAIRP
Spergel Partner, Gillian Goldblatt, is appointed President of the Ontario Association of Insolvency and Restructuring Professionals (OAIRP), which educates, supports, and advocates on behalf of all Ontario Licensed Insolvency Professionals (LITs).
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A New Head Office for a National Firm
With the addition of Alberta, Saskatchewan, Manitoba, Quebec, and Nova Scotia, the firm becomes a national insolvency firm and moves its head office to 200 Yorkland Blvd, Suite 1100, Toronto.
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Firm Achieves 2,750+ 5-star Reviews
The firm achieves and surpasses 2,750 publicly-facing 5-star Google and TrustPilot reviews, a testament to the firm’s commitment to providing exceptional debt-relief services for all Canadians.
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Firm Celebrates 35 Years in Business
Celebrating 35 years of excellence, dedication, and teamwork in providing Canadians with worldclass debt relief solutions. Here’s to 35 more years of growth and success!
In the media
At Spergel, our expertise and commitment to debt relief have garnered attention from leading media outlets across Canada. Our Licensed Insolvency Trustees and financial experts are frequently featured in the news for their insights on debt management, bankruptcy, consumer proposals, and financial recovery. We’re proud to have been recognized for our contributions to the financial services industry. Here are some of the media outlets that have featured Spergel:
- CBC News – featured for expert commentary on rising consumer debt and practical solutions for Canadians facing financial difficulties.
- The Globe and Mail – quoted in articles related to personal bankruptcy trends and how consumer proposals are reshaping debt relief in Canada.
- CTV News – provided expert advice on managing household debt and financial planning in uncertain economic times.
- Financial Post – covered Spergel’s role in helping Canadian businesses through corporate restructuring and insolvency solutions.
- Toronto Star – featured for up-to-date commentary on debt issues that matter to Canadians.
Get started today
You don’t have to face your debt alone. At Spergel, we’re here to help you find real, lasting relief. Whether you’re an individual, a business, or somewhere in between, our team of Licensed Insolvency Trustees is ready to guide you through the process and help you begin a fresh financial future. You can book a FREE consultation at any of our locations across Canada or give us a call.