Yanch Dey & Associates Ltd.: We Sort Your Financial Issues in the gta

At Yanch, Dey & Associates Ltd., we want to sit down with you and work to understand your financial issues in the GTA. Our Licensed Insolvency Trustee will listen to you in a non-judgmental atmosphere and provide you with our advice on how to move forward. 

You are not alone in this process and every year thousands of people just like you file for personal bankruptcy in Ontario, and Yanch, Dey & Associates Ltd. are the Licensed Insolvency Trustee that can help you.

Filing for Personal Bankruptcy

With Yanch Dey & Associates Ltd., you can discuss your finances in confidence with professionals who have guided thousands of people to financial health. Licensed by the Federal Government, we can help you decide if bankruptcy is right for you and give you options that you may not have considered. Call now for a free consultation. Once we understand your financial issues, we can explain to you what your options are and how we can help.

Personal Bankruptcy Options

There are other options besides filing for a personal bankruptcy. That’s why before we proceed with a bankruptcy our trustees review your options, such as:

  • Debt consolidation loans
  • Credit counselling
  • Debt management
  • Consumer proposals

If the options to avoid a bankruptcy have been exhausted, then a personal bankruptcy has advantages that we can review with you.

Personal Bankruptcy Advantages

Filing for a personal bankruptcy stops:

  • Collection agencies calling you
  • Legal action 
  • Wage garnishees

A personal bankruptcy ends any personal debts that you have and all unsecured debts are ended. The cost of a personal bankruptcy may be less than a consumer proposal or debt consolidation loan, and the process is sometimes faster.

Personal Bankruptcy Disadvantages

Bankruptcy is bad for your credit and credit history. Once you file for a personal bankruptcy, not many people will want to give you credit. It may be perceived that once the personal bankruptcy has gone through, you have no credit history and have to start over – which may be a good thing for some people.

A bankruptcy may require you to give up some of your personal possessions to the Licensed Insolvency Trustee and keep records of your finances, expenses and income during the bankruptcy.

Although going bankrupt will affect your credit and credit rating, most people considering a personal bankruptcy are already in the position of having bad credit. And by entering into a personal bankruptcy, they are taking the first step to improving their life and credit score. Sometimes going through the bankruptcy process is the first step in improving your credit rating.

How to Start a Personal Bankruptcy

If you are a Canadian citizen and you cannot pay your bills, you can apply for a personal bankruptcy. You must have at least $1,000 dollars in unsecured debt.

The first step in regaining your finances is to meet with one of our Licensed Insolvency Trustee to discuss your case. There is no charge or fee for this service. If you decide you don't want to use our services, there is no obligation to do so. Contact us today. We can give you the answers you need about personal bankruptcy, bankruptcy options and help you get financially back on track.

Debt Solutions in Durham

It’s time to settle your debt and get a fresh start.


Yanch Dey & Associates Ltd.

215 Simcoe St N.

Oshawa, ON Canada

L1G 4T1

Oshawa:  905‑721‑7506

Ajax: 905‑427‑6647

Email: help@burtondey.com


Monday - Friday 09:00 AM - 05:00 PM

Saturday & Sunday By Appointment

Evenings by appointment


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