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The 5 Best Licensed Insolvency Trustees In Brampton [2025]

  • Last updated: February 27, 2024

Facing financial hurdles can feel like being stuck in quicksand. Fortunately, Brampton is home to some of the best Licensed Insolvency Trustees to guide you to firmer ground. They are someone who has been trained in order to provide legal and financial advice in cases of bankruptcy or insolvency. Here’s a closer look at who they are:

Summary

What is the reason why people hire a Licensed Insolvency Trustee in Brampton?

A Licensed Insolvency Trustee in Brampton is an important part of any bankruptcy or insolvency process. They help people who are facing financial difficulties to negotiate a repayment plan with their creditors and protect the assets they may need to live on while debts are paid back. 

Licensed Insolvency Trustees can also act as administrators during a bankruptcy or insolvency process, which means that they will oversee all aspects of the proceedings and make sure everything goes smoothly for the debtor.

 If you are considering hiring a Licensed Insolvency Trustee in Brampton, be sure to speak with one first so that you have all your questions answered.

The Best Licensed Insolvency Trustees In Brampton

1) Hoyes, Michalos & Associates

In the world of debt relief, Hoyes, Michalos & Associates shine bright. Founded by Douglas Hoyes and Ted Michalos in 1999, they’ve since been a beacon of hope, helping over 60,000 Ontarians navigate their way out of debt. Their blend of expertise and empathy makes daunting financial journeys less intimidating. 

Business Information:

hoyes.com
+19054592986
7700 Hurontario St Suite 411, Brampton, ON L6Y 4M3, Canada

Pros
  • Open mon-sun
  • Plenty of parking
Cons
  • Can be crowded during popular times
Customer Review:
“Highly recommend this Acupuncture clinic! Excellent acupuncture with cupping/heat applied for gluteal muscle knots & soreness within several sessions! I was very stiff and in pain and my problem was solved so quickly together with maintenance suggestions. The staff are very courteous, thorough and knowledgeable.”
- Megan Robertson
“After trying many remedies to get pregnant we decided to go to Acupuncture Shiatsu Clinic. We followed everything that was suggested and went for a regular acupuncture procedure. Only after couple of months of treatment we are now expecting. We are very grateful for walking us through this journey. I would highly recommend this clinic to anyone who needs help with fertility. Thank you very much.”
- Neha Gulabdas

2) MNP Debt

With over 60 years of breaking the cycle of debt for Canadians, MNP LTD stands tall as the country’s largest consumer insolvency firm. Their broad network ensures they’re always nearby, ready to tailor solutions that fit your unique financial situation. From debt consolidation to credit repair, MNP LTD is a fortress in the financial storm.

Business Information:

mnpdebt.ca
+19054578891
152 Queen St E, Brampton, ON L6V 1B2, Canada

Pros
  • Plenty of parking
  • Good birthday party for kids
Cons
  • Closed on weekends
Customer Review:
“Highly recommend this Acupuncture clinic! Excellent acupuncture with cupping/heat applied for gluteal muscle knots & soreness within several sessions! I was very stiff and in pain and my problem was solved so quickly together with maintenance suggestions. The staff are very courteous, thorough and knowledgeable.”
- Megan Robertson
“After trying many remedies to get pregnant we decided to go to Acupuncture Shiatsu Clinic. We followed everything that was suggested and went for a regular acupuncture procedure. Only after couple of months of treatment we are now expecting. We are very grateful for walking us through this journey. I would highly recommend this clinic to anyone who needs help with fertility. Thank you very much.”
- Neha Gulabdas

3) David Sklar & Associates Inc.

David Sklar & Associates Inc. offers more than just financial counseling; they offer a lifeline to those drowning in debt. Their comprehensive approach ensures you’re not just getting by but thriving, with tailored plans designed to settle debts swiftly and efficiently.

Business Information:

davidsklar.com
+19052168100
201 County Ct Blvd #405, Brampton, ON L6W 4L2, Canada

Pros
  • Outside food allowed
Cons
  • Weekday hours change frequently
Customer Review:
“Highly recommend this Acupuncture clinic! Excellent acupuncture with cupping/heat applied for gluteal muscle knots & soreness within several sessions! I was very stiff and in pain and my problem was solved so quickly together with maintenance suggestions. The staff are very courteous, thorough and knowledgeable.”
- Megan Robertson
“After trying many remedies to get pregnant we decided to go to Acupuncture Shiatsu Clinic. We followed everything that was suggested and went for a regular acupuncture procedure. Only after couple of months of treatment we are now expecting. We are very grateful for walking us through this journey. I would highly recommend this clinic to anyone who needs help with fertility. Thank you very much.”
- Neha Gulabdas

4) Fong and Partners Inc.

Promising personal and effective debt solutions, Fong and Partners Inc. stands out for its commitment to everyone they help. Their mantra? No one should navigate financial recovery alone. Ready with individualized counseling and financial planning, they’re the guiding hand you need.

Business Information:

startingovertoronto.com
help@startingovertoronto.com
+19054566774
8 Main St S, Brampton, ON L6W 2C3, Canada

Pros
  • Outside food allowed
Cons
  • Weekday hours change frequently
Customer Review:
“Highly recommend this Acupuncture clinic! Excellent acupuncture with cupping/heat applied for gluteal muscle knots & soreness within several sessions! I was very stiff and in pain and my problem was solved so quickly together with maintenance suggestions. The staff are very courteous, thorough and knowledgeable.”
- Megan Robertson
“After trying many remedies to get pregnant we decided to go to Acupuncture Shiatsu Clinic. We followed everything that was suggested and went for a regular acupuncture procedure. Only after couple of months of treatment we are now expecting. We are very grateful for walking us through this journey. I would highly recommend this clinic to anyone who needs help with fertility. Thank you very much.”
- Neha Gulabdas

5) Richard Killen & Associates Ltd

With over 25 years of steadying ships in financial turmoil, Richard Killen & Associates Ltd. anchor themselves as a cornerstone of debt resolution in Brampton. Their dynamic approach, combining consolidation, proposals, and education, equips you for a brighter financial future. 

Business Information:

rkillen.ca
905-456-3311
284 Queen Street East, Unit #224, Brampton, ON L6V 1C2

Pros
  • Outside food allowed
Cons
  • Weekday hours change frequently
Customer Review:
“I'm looking forward to work with this team in the long run. Their advice once again saved us time and money. Very professional and knowledgeable and I always feel as though they genuinely care about their clients.”
“....Thank you for helping me through a difficult time. You allowed me to feel like a contributing member of society even though I was bankrupt…. And because of that I have a new car and a loan, more importantly one that I have the financial means and know how to pay off…. I now know how to better manage my money to do and afford the things that I want.”
FAQs About Licensed Insolvency Trustees
A key benefit of using a licensed insolvency trustee is that they have experience dealing with difficult situations and know how to navigate through complex legal processes efficiently. They also possess valuable knowledge about creditor rights and can offer help during times of stress for stakeholders including employees, suppliers and clients. Additionally, having access to specialist resources (such as financial analysts) can be invaluable when trying to make tough decisions regarding company restructuring or selling assets.
A Licensed Insolvency Trustee is typically paid a retainer fee, plus an hourly rate for their services.
A Licensed Insolvency Trustee is a person appointed by the court to oversee and manage the administration of an insolvent company or group of companies. This includes all aspects of business, such as day-to-day operations, financial management, marketing and communications.
A trustee is paid in a consumer proposal by receiving compensation from the issuer. The amount of the compensation will vary depending on factors such as how much work the trustee does and whether or not they are compensated for their expenses.
Conclusion
If you’re struggling with debt, reaching out for professional assistance is essential. A Licensed Insolvency Trustee (LIT) can provide the expertise and support needed to guide you toward financial freedom.

When selecting an LIT, consider their experience, fees, and customer feedback. The list above highlights some of the top Brampton-based LITs to help you make an informed choice. Don’t wait—take the first step toward a debt-free future today.

Additionally, if you’re facing any other legal challenges, check out our comprehensive list of the best bankruptcy lawyers in Brampton.

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