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As an essential service, we are open to assist everyone during all phases of COVID-19 closures.

Debt Stress never takes a break, and we are always here to assist you with your debt problems.

Our staff take all the necessary precautions to prevent the spread of COVID-19. Our trustees are available for a consultation via phone, video call or where possible in person consultation. Visit here to book an initial consultation or call us at 1-888-545-5365.

If you have an active bankruptcy or proposal with us, we have you covered. See the details here.

Stay safe.
Richard Killen, LIT, CIRP

Richard Killen & Associates

Enjoying Every Minute Together.

DEBT RELIEF STARTS HERE!

If your debt stress is taking its toll on your health, family and career, we are here to help you get back on track financially. Put an end to sleepless nights and wondering how you’re going to make this month’s payments.

We have helped thousands of people in the GTA to get out of debt with a 99% percent success rate.  

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Consumer Proposals

A consumer proposal is a popular alternative to bankruptcy – partial repayment plan based on your means to provide debt relief.

Bankruptcy Solutions

Sometimes no matter how hard you try to meet your financial obligations, declaring bankruptcy is the only responsible solution.

Credit Counselling

This service provides better resources to manage finances & debt going forward. Reducing stress and keeping you financially fit.

We have assisted thousands of people like you to become debt free.

CALL ANY OF OUR OFFICES IN THE GTA FOR A FREE CONSULTATION WITH A TRUSTEE 1-888-545-5365

Recent Activity

consumer proposal as alternative to bankruptcy

How is a Consumer Proposal a Viable Alternative to Bankruptcy in Canada

Are you having financial difficulties and looking for an alternative to bankruptcy? A consumer proposal offers a way to resolve debt problems while avoiding the more severe consequences of declaring bankruptcy. In a Consumer Proposal you work with a Licensed Insolvency...
Can You Adjust a Consumer Proposal

Can You Adjust a Consumer Proposal

Under certain circumstances, yes, it is possible to adjust a consumer proposal to accommodate changes in your financial situation. This can be done through your Licensed Insolvency Trustee (LIT). Your LIT will file the request for amendment and present a new deal with your...
How Debt Impacts Your Quality of Life

How Debt Impacts Your Quality of Life and How to Cope

Debt that is too overwhelming to manage can significantly affect your quality of life in various ways. Over time, the stress of managing debt can impact your emotional well-being, relationships, physical health, and also your job performance. It's important to remember that...
Financial Literacy

Financial Literacy – Key Skills for Preventing Debt Accumulation

Financial literacy is having the knowledge and skills to make informed decisions related to effective money management. It involves acquiring, developing and using the information and skills acquired in such a way that one becomes accustomed to handling money in a way that...
having credit cards during a consumer proposal

Can You Keep a Credit Card During a Consumer Proposal?

The question “Can I keep a credit card during a consumer proposal” is a common concern among individuals while going through this legal process to eliminate unmanageable debt. As you navigate the complexities of a consumer proposal, it's important to understand how credit...
Debt Counselling in Toronto Rights Regulations and Responsibilities

Overview of the Legal Aspects of Debt Counselling in Toronto – Rights, Regulations, and Responsibilities

Debt counselling in Toronto, also known as credit counselling, is a debt relief service designed to help individuals manage their debt and other financial challenges effectively. Many people have taken on some form of debt in their life. Whether it's for buying a home...
credit counseling in toronto

How Popular Is Credit Counselling in Toronto

Credit counselling in Toronto is quite popular and widely utilised by many Torontonians facing financial challenges and looking for effective ways to manage and reduce debt. Debt management is a major concern for many people in Toronto. If you have debt – you’re certainly...
bankruptcy and home ownership in canada

Bankruptcy and Homeownership in Canada – Understanding the Immediate and Long-term Impact

There are several key factors about bankruptcy and homeownership in Canada that can shed light on how financial insolvency impacts your property rights and ownership and the legal and economic considerations involved both immediately and in the long term. If you're drowning...
Understanding Your Debt Relief Options

Debt Consolidation vs Consumer Proposal: Understanding Your Debt Relief Options

When struggling to manage multiple debts and faced with a choice between debt consolidation vs consumer proposal, which option is the best way to get out of debt? In today’s economic landscape, many Canadians find themselves facing overwhelming debt burdens. In fact...
How to get tax debt relief in canada

How to Get Tax Debt Relief in Canada – Step-by-Step Guide

Taxpayers have several avenues for seeking tax debt relief in Canada, each tailored to different circumstances and financial situations. Tax debt is not insurmountable despite how it may feel. Keep in mind that the CRA does not intend to punish you or to go after you for...



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    About Richard Killen & Associates


    Since 1992, Richard Killen & Associates, a Licensed Insolvency Trustee, have helped thousands of people resolve their financial problems. With 25 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.


    Serving the GTA for 25 years

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