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The 5 Best Licensed Insolvency Trustees In Brampton [2023]

When you are facing a difficult situation, it can be helpful to have the help of an experienced Licensed Insolvency Trustee. A Licensed Insolvency Trustee is someone who has been trained in order to provide legal and financial advice in cases of bankruptcy or insolvency. 

They can help guide your family through this difficult time, make sure all necessary paperwork is completed correctly, and ensure that all creditors are paid what they are owed. If you find yourself struggling with debt and need some assistance getting out from under it, contact one of the best licensed insolvency trustees in Brampton!

These professionals will work hard to get you the relief you need while protecting your rights as a debtor. They also offer free initial consultations so please don’t hesitate to reach out if you require their services!

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

Hoyes, Michalos & Associates Inc.is a debt relief agency that was founded in 1999 by Douglas Hoyes and Ted Michalos. During that time they’ve helped more than 60,000 residents of Ontario get out of debt. 

Their services include counseling and financial advice as well as Debt Settlement Assistance programs which offer eligible individuals up to $25,000 towards their debts.

In addition to this help, the agency also provides a wide variety of valuable resources, such as information about bankruptcy laws and credit ratings so that those who are struggling can take action to improve their situation.

Business Information:

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

Pros
Cons
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

MNP LTD can help with any of your insolvency needs. As Canada’s largest consumer insolvency firm, they have over 60 years of experience helping Canadians break the cycle of debt. With more than 65 Licensed Insolvency Trustees serving more than 240 resident and satellite offices strategically located across the country, they’re here for you — when and where you need them. 

This means that if you are struggling with a heavy debt burden, MNP LTD may be able to provide assistance in order to get your finances back on track. In addition to providing Debt Consolidation services, MNP LTD also offers various other financial solutions such as Credit Repair Services and Bankruptcy Advice & Assistance. 

If these options do not meet your specific needs or desires, then their team is always available to offer custom-made solutions specifically tailored towards your unique situation. So no matter what, these pros will have got you covered!

Business Information:

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

Pros
Cons
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.

If you’re looking for help with your personal debts, there are many reputable organizations that can assist you. You could try visiting one of the local credit counseling agencies or getting advice from an organization like David Sklar & Associates Inc. 

The law firm provides free and confidential financial counseling to individuals and families who are struggling with money problems. They also have a wide range of resources available, including information on budgeting tips and programs designed to help people get out of debt quickly.

The best thing about enlisting the aid of these professionals is that they will work closely with you to develop a plan tailored specifically for your situation. This means that even if things don’t go as planned initially, they’ll be able to guide you through every step until finally reaching your goal – which hopefully won’t take too long!

Business Information:

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

Pros
Cons
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.

Fong and Partners Inc. was founded based on a simple promise – to be the most responsive and effective yet personable team of professionals in the business of personal debt solutions. 

With years of experience under their belts, the team at F&P is equipped with everything you need to get your finances back on track. 

From individualized counseling services to comprehensive financial planning, they will do whatever it takes to help you reach your goals. 

Whether you’re struggling with high-interest credit card debts or just want some advice along the way, contact Fong and Partners today for all your debt needs!

Business Information:

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

Pros
Cons
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

For over 25 years, Richard Killen & Associates Ltd. has been a trusted Brampton firm, helping individuals resolve financial problems. Led by Richard Killen, a Trustee in Bankruptcy with over 30 years of experience, attorneys provide comprehensive services for financial stability.

With a focus on personalized solutions, they offer full-service insolvency consultation and resolution. They tailor services to each unique situation, providing expert guidance and support virtually or in person.

Clients can rely on lawyers at Richard Killen & Associates for services like debt consolidation, consumer proposals, bankruptcy assistance, credit counseling, and financial education. The firm empowers individuals for long-term financial success.

If you’re facing financial difficulties, contact Richard Killen & Associates Ltd, a reputable firm offering guidance and support for a fresh start. Take the first step towards a brighter financial future with a free consultation.

Business Information:

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

Pros
Cons
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 in over your head with debt, it’s important to seek professional help as soon as possible. A Licensed Insolvency Trustee (LIT) can give you the tools and guidance you need to get out of debt and on the road to financial freedom. 

When choosing an LIT, be sure to consider their experience, fees, and customer reviews. The list above provides insight into some of the best Brampton-based LITs so that you can make an informed decision about who to trust with your finances. Don’t hesitate, contact them right away!

And for any other legal matters in The Greater Toronto Area, we’ve compiled the top picks of the best legal professionals in the area. Be sure to check them out today: