Licensed Insolvency Trustees

Consumer Proposals – Bankruptcy Services

Reduce debt by up to 70% · No upfront costs · Full creditor protection

Consumer Proposal Specialists

As Licensed Insolvency Trustees in Ontario, we help you find a manageable way out of overwhelming debt. At Yanch Dey & Associates, we explain how a consumer proposal could reduce your unsecured debt and replace multiple bills with one affordable payment.

For more than 30 years, Yanch Dey & Associates has helped individuals and families in Ontario deal with debt.

Our Licensed Insolvency Trustees review your income, expenses and assets, explain your options, and answer your questions in plain language.

You can understand what each option costs and what you could keep before deciding how to proceed.

If a consumer proposal is not the right fit, we also administer personal bankruptcies and explain the process clearly.

Whether you meet with us remotely or in person, we help you choose a practical next step toward financial stability.

At Yanch Dey & Associates, we deliver debt-relief solutions tailored to your situation, to reduce debt, stop creditor action, and regain control.

Ontario Insolvency trustees for Bankruptcy & Consumer Proposals

Kelly Dey Ontario Insolvency Trustee

How We Help You Get Out of Debt

Getting out of debt should feel clear and manageable, not confusing or stressful.

Getting out of debt with a consumer proposal starts with a conversation about how we can help you.

We sit down together and review what you owe and to who, then go over your income, debts, and financial goals so we can outline your options in plain language that makes sense.

During your consultation, we explain exactly how a consumer proposal works, what your monthly payment could look like, and how federal laws protect you from creditors the moment your file is submitted.

If a proposal isn’t the right fit, we also walk you through bankruptcy basics so you understand the pros, cons, and long-term impact before making any decisions.

We’ll answer your questions honestly, give you clear next steps, and help you feel confident and in control of your financial future with a realistic, affordable plan designed to reduce stress and move you forward.

Consumer Proposals - Lets Get Started Today

You’ll always know what comes next,
what we handle for you, and how each option shapes your future — giving you clarity, control, and a plan you can trust.

Your Debt Relief Options Explained

Understanding your debt-relief choices shouldn’t feel overwhelming.
We walk you through the government-approved options available in Ontario so you can make the right decision with confidence.

Consumer Proposals

Consumer proposals can reduce your unsecured debt, stop interest, and protect your income with one affordable monthly payment. It also stops collection calls immediately and helps you avoid bankruptcy while rebuilding your finances over time.

Personal Bankruptcy

Bankruptcy is a last-resort option for people who can’t afford a repayment plan. It provides full legal protection from creditors, stops wage garnishment, and gives you a financial reset. We explain exactly what to expect so there are no surprises.

If you’re struggling and exhausted other solutions, bankruptcy may be an effective option. Where you decide to proceed, we’ll be at your side completing all the paperwork and all forms.

Why Work With Yanch Dey & Associates

Our trustee’s ensure that your debt relief plan is fully regulated, transparent, and designed get you out of debt. You get professional guidance and the strongest legal protections available.
  • Government-regulated professionals
  • Only LITs can file consumer proposals
  • Full protection from creditors
  • Clear explanations of your options
  • Fair, practical recommendations
  • Transparent, upfront information
  • Support at every step of the process
  • A plan tailored to your financial goals

A consumer proposal is the most effective way to reduce your debt without bankruptcy. It lowers what you owe, stops interest, and rolls everything into one affordable monthly payment. There are no upfront costs, and your assets stay protected.

What a Consumer Proposal Can Do

A consumer proposal gives you a safe, government-approved path to real debt relief.
  • Reduce unsecured debt by up to 70%
  • Stop all interest the moment it’s filed
  • Protect your income and assets
  • Keep your home, car, and RRSPs from creditors
  • One affordable monthly payment
  • Stops collection calls and legal action
  • No upfront fees — regulated by Canada
  • A clear, structured path to becoming debt-free
Insolvency Trustees for Consumer Proposals

👉 Learn More About Consumer Proposals →

How Bankruptcy Works in Ontario

Bankruptcy in Ontario is a government-regulated process that helps people who can’t afford a consumer proposal or repay their debts.

It provides immediate legal protection by stopping collection calls, wage garnishment, interest, and lawsuits, while eliminating most unsecured debts through a federally supervised system.

  • Stops wage garnishment and court actions instantly
  • Eliminates most unsecured debts in Ontario
  • Federal protection for essential assets
  • Short timelines for first-time bankruptcies
  • Interest and collections stop the moment you file
  • Administered by Licensed Insolvency Trustees in Ontario
  • Credit-rebuilding counselling included
  • A structured path to a fresh financial start
Insolvency Trustees for Ontario - Image of Resetting Your Finances

Many essential assets are protected under Ontario and federal exemption laws, and most first-time bankruptcies are completed in as little as nine months, giving you a structured way to reset your finances and rebuild your credit.

👉 How to File for Bankruptcy →

Speak with an Insolvency Trustee Today

No Obligation Discussion of Your Finances

There is no fee to speak with a trustee.  Discuss your finances with us and we can answer any questions you may have. We’ll show you how they can help you to start over and to rebuild your credit score.

We offer solutions to student loans, credit cards debt, personal debts and where you have been sued. Debt relief is available by the office of the Superintendent of Bankruptcy of Canada.

Do I need an Insolvency Trustee?

Yes. Bankruptcies and consumer proposals are required by law to be administered through an insolvency trustee. The trustee is there to assist and give advice.

We assist individuals and businesses, including sole proprietorship’s, partnerships, and corporations, in restructuring their financial affairs. We provide the tools for:

  • a fresh start,
  • to take control of finances,
  • help you deal with credit in the future

Our trustees will explain the differences or alternatives for and which might be best for you.

We’ve helped thousands of people with insolvency. Our trustees work with you giving you guidance and support, while answering any questions along the way.

Experienced and Committed

As insolvency trustees and proposal administrators we have years of experience helping debtors with insolvency and indebtedness.  We are committed to helping you become debt free.

Local Neighbourhood Offices

With six (6) offices as licensed insolvency trustees we have been helping Durham Region and GTA consumers for over thirty-five (35) years.  If you’re facing insolvency, contact us to consult with a licensed insolvency trustee, we can help stop phone calls, wage garnishments, and prevent collectors from harassing you.

Licensed insolvency trustees, we’re here to help

As your licensed insolvency trustee we can guide and advise you what to do.

We understand you’re relying on us with your credit, liabilities and obligations, and we take that trust seriously. We understand that you are striving to improve your financial situation, and we are here to assist

When you work with us, we’ll explain our part, your part, and we will work together.

Non-licensed debt settlement agencies

Don’t settle for anything but a licensed insolvency trustee.

Although you may see “come-ons” and credit agencies offering quick, easy and hard to believe solutions, buyer beware!  Only deal with a licensed trustee you know and can trust.

Read our reviews and case results and see how we have helped others become debt free for today and the future.

What happens after an Insolvency?

Together we’ll will explain the process, complete any paperwork, appear in court, and deal with your creditors. We do everything for you.

Once the process is filed and the legal process is complete the trustee will continue to work with you.  The trustee provides continued support, feedback and deals with credit card companies and creditors.

Where wages have been garnished we’ll file the necessary applications to stop your pay cheque from being taken from you.

Frequently Asked Questions

Q. What is a consumer proposal in Ontario?

A. A consumer proposal is a legal agreement that lets you settle your unsecured debts for less than you owe.

It’s filed through a Licensed Insolvency Trustee and immediately stops interest, collections, and wage garnishments. You make one affordable monthly payment, and once it’s complete, the remaining unsecured debt is forgiven.

Q. How much debt can a consumer proposal reduce?

A. Most people in Ontario reduce their unsecured debt by 40% to 80%, depending on income, assets, and what creditors are willing to accept.

The proposal replaces everything you owe with one fixed monthly payment that fits your budget, and the amount never increases.  You can see how much you’ll save using the consumer proposal calculator here.

👉 Consumer Proposal Calculator →

Q. Will a consumer proposal affect my credit?

A. Yes, a consumer proposal is recorded on your credit report, but it’s often far better than continuing to fall behind.

Most people begin rebuilding their credit while still in the proposal, and many qualify for a car loan, secured credit card, or basic financing much sooner than expected.

Q. What debts are included in a consumer proposal?

A. A consumer proposal covers almost all unsecured debt, including credit cards, lines of credit, personal loans, payday loans, tax debt, and accounts in collections.

Government debt like student loans may also qualify. Secured debts like mortgages and car loans are not included because they are tied to assets.

Q. When is bankruptcy the right choice in Ontario?

A. Bankruptcy is usually the right option when you can’t afford a consumer proposal or when your income is too low to make meaningful payments toward your debt.

Bankruptcy provides immediate legal protection, eliminates most unsecured debts, and gives you a clear path to rebuild your finances, often within nine to twenty-one months.

Consumer Proposals In Ontario - Getting a Fresh Start

Insolvency Relief Solutions

  • Bankruptcy

    The government allows all secured and unsecured debt to be “stayed” in bankruptcy. Meaning all debts and collections are stopped. Read More >>

  • Consumer Proposals

    Consumer Proposals are:a government program to reduce & consolidate debt saving more than 70% on debt.
    Read More >>>

  • Credit Card Debt

    Our insolvency trustees can drop your credit card debt by more than 70% and reduce your payments without interest or penalty. Read More >>>

  • Tax Debt Relief

    Tax debt reduced or even canceled completely, speak to our trustees to learn about taxes in a bankruptcy or consumer proposal. Read More >>>

Consumer Proposals with YanchDey and Associates

Call 905-721-7506