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The thought of declaring bankruptcy for most individuals is a last resort and many are looking for bankruptcy alternatives in Toronto to help them with their debt relief. If you debt is spiraling higher and higher each month the good news is that there are other options available to take back control of your finances.

Typically when people to Richard Killen & Associates Toronto office for initial consultation, which is always free, most times they are pleasantly surprised that there are a multitude of debt solutions, many of which they were previously not aware.

Some of the debt relief options are:

  • Debt & Credit Counseling
  • Creditor Negotiation
  • Consolidation Loans
  • Informal Arrangements with Creditors
  • Consumer Proposals
  • Personal Bankruptcy

The main reason is that a Licensed Insolvency Trustee can offer solutions not available to most other debt counselors or loan companies. They are one of the few debt counselling professionals that can provide all the solutions as well as explain in plain English the pros and cons of each solution. There are legal consequences to some options that our trustee will make you aware of so you are in the now before you make a choice on a debt solution.

We understand that most people like to make good on their financial promises however sometimes life throws you a curve. We know that good people can sometimes get into trouble. If you find your monthly commitments are larger than your income, it’s time to take responsibility and talk to a debt professional.

Hoping that things will work out without a different strategy in place in not a good plan, it’s just wishful thinking. If your debt is growing month after month, the sooner you take corrective action, the quicker you can get back on your feet financially speaking.

Talking to a Licensed Insolvency Trustee does not mean you’re committed to declaring bankruptcy. What it means is that you are open to all options and want all the facts so you can make an educated decision.

Talk to one of our debt counselors or Licensed Insolvency Trustee.  Your initial consultation is always free and we also offer after hours consultations. All conversations are confidential and if you’re like most people, you will feel like a huge weight has been lifted off your shoulders, just by talking with us.

Our Toronto location is just south of the 401 on the west side of Islington. Our address is

Richard Killen & Associates
2150 Islington Avenue, Suite 202,
Toronto ON M9P 3V4

Tel: 1 (888) 545-5365

Call the offices of Richard Killen and Associates for more information on Bankruptcy Alternatives In Toronto to find the best solution for your financial situation.