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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

CRA Debt Canada

CRA Debt Canada: Why Waiting Until September Costs You More

For many Canadians, CRA debt feels manageable in the moment—something that can be dealt with “later.” But for thousands of households, that “later” often becomes September and by then, the problem has already grown. If you received a Notice of Assessment in the spring or...
vacation debt in Canada

Summer Vacation on Credit? What a Licensed Insolvency Trustee Wants You to Know About Vacation Debt in Canada

For many Canadians, summer is something to look forward to all year. It’s a time to unwind, reconnect with family, and take a well-deserved break from routine—but for some, vacation debt in Canada is becoming an increasingly common part of the experience. As travel costs...
Canada Groceries and Essentials Benefit 2026 and Debt

The Canada Groceries and Essentials Benefit 2026: What It Means for Your Budget and Debt

Many Canadians are hearing about a new federal benefit launching in July 2026 designed to help with everyday costs like groceries and essentials. At first glance, the Canada Groceries and Essentials Benefit 2026 sounds like welcome relief in a period of rising living...
CRA Payment Arrangement in Summer

CRA Payment Arrangement: Can You Still Set One Up in Summer?

As a Licensed Insolvency Trustee, I often see a predictable pattern each year: by the time June and July arrive, many Canadians—especially here in Toronto—who are considering a CRA payment arrangement have opened their Notice of Assessment and felt that sinking realization...
What to Do If Payments Jump

Toronto Mortgage Renewal 2026: What Happens When Your Payments Jump by $1,000?

For many homeowners, the Toronto mortgage renewal 2026 wave isn’t just a routine milestone—it’s a financial shock. If you bought your home in 2021, you likely secured a historically low interest rate. Now, five years later, you could be renewing at a rate that dramatically...
What to Do If You Cant Pay Taxes Canada April 30

What to Do If You Can’t Pay Taxes Canada by April 30

As a Licensed Insolvency Trustee, I often hear the same concern every spring: “What happens if I can’t pay taxes in Canada by the April 30 deadline?” This situation is more common than many realize, and while it can feel overwhelming, there are structured steps and...
Fix Debt Before Tax Deadline

Is It Too Late to Fix Debt Before Tax Deadline?

If you’re feeling stressed about looming obligations and wondering whether it’s too late to fix debt before the tax deadline, you’re not alone. Many Canadians wait until the last minute to organize their finances, but there are still steps you can take to regain control and...
Use Tax Refund to Pay Off Credit Card Debt

Should You Use Tax Refund to Pay Off Credit Card Debt?

Every spring, many people ask whether they should use tax refund to pay off credit card debt, or if that money would be better saved for emergencies. As someone who works closely with individuals and families facing financial pressure, I’ve seen this decision go both ways...
Consumer Proposal vs Bankruptcy for Tax Debt

Understanding Consumer Proposal vs Bankruptcy for Tax Debt

Dealing with unpaid obligations to the government can feel overwhelming, especially when collection pressure mounts. For many individuals, the question of whether to file a consumer proposal vs bankruptcy for tax debt is the first step toward regaining financial stability...
Wage Garnishment and Bank Account Freezes

CRA Wage Garnishment and Bank Account Freezes: How to Deal with Tax Debt

When individuals fall behind on their obligations to the government, one of the most stressful consequences can be a CRA wage garnishment. This action, along with frozen accounts, can feel overwhelming, but understanding how these measures work—and how professional guidance...



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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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