Your Path to Debt Freedom
Spergel Can Help With Your Debt
We have the debt help tools to stop your interest, end harassing collection calls, reduce your payments and give you a fresh start.
At Spergel, we believe in second chances, and so we provide you with the tools, knowledge, and support you need to make it through this chapter in your life. Our Licensed Insolvency Trustees take the time to do a complete financial analysis with you so that together we can determine the best course of action for debt help in Ontario.
Debt Help Solutions You Can Rely On
Our Personal Insolvency practice helps individuals deal with all manners of debt issues. Our services include customized proposals and assignments in bankruptcy.
A Consumer Proposal is a formal offer to your creditors to settle your debt, usually for an amount less than what is owing but greater than what the creditors would get if you filed for bankruptcy. A customized proposal allows you to free up money at certain times of the year to help you through the periods when you need money the most.
Debt Consolidation allows you to simplify your monthly payments, however, it does not reduce the total amount owing to creditors. Read more about Debt Consolidation and how it differs from a Consumer Proposal.
Bankruptcy protection is available to anyone who is insolvent and owes more than $1,000. It allows the honest, but unfortunate, debtor an opportunity to come to a final settlement with creditors, giving them a fresh start. After bankruptcy, you will be able to continue on with your life, unburdened by the debts of the past.
Debt Help Resources
Don’t understand the difference? Visit our Consumer Proposal vs. Bankruptcy page where we’ve laid everything out for you in a simple, easy-to-understand way.
If you have questions about what will happen to your assets if you file a consumer proposal or bankruptcy with us, you can go to our What Happens to My Assets page.
You can also learn how collection agencies work, which often reduces the stress of dealing with your debt. Visit our Credit Card Collection & Rights to learn more.
Still have questions? Visit our FAQ page to answer any questions you still may have about our debt help in Ontario.
Our Licensed Insolvency Trustees are Here to Help
Spergel also offers a highly experienced team of corporate insolvency professionals who provide understandable and affordable solutions for both large and small businesses as well as cost-effective realizations for institutional and private lenders.
The team also regularly works in an advisory capacity to accountants, lawyers, and investors, to assist their clients who find themselves in financial difficulty. Our corporate team ensures that our client’s interests come first and that our approach optimizes the likelihood of achieving the desired results.
For further information on our corporate services, please visit our corporate website at spergelcorporate.ca