Scarborough Bankruptcy Trustees

YanchDey & Associates

Scarborough Bankruptcy Trustees

Licensed Insolvency Trustees

1504 Markham Road
Scarborough, Ontario
M1B 2V9

Phone: 416-938-6733

Monday to Friday
09:00 AM – 05:00 PM

Saturday & Sunday By Appointment
Evenings by appointment

Yanch Dey & Associates are licensed Scarborough insolvency trustees with offices at 1504 Markham Road providing our clients with information and representation for:

We help people with financial issues get out of debt.

What is a Consumer Proposal?

Consumer Proposals ExplainedA Consumer proposals are:

  • a government approved program
  • to pay creditors a reduced amount of the debt owed
  • on unsecured debt, credit cards ect,
  • over a 3-5 year period

In a consumer proposal, the proposal administrator makes an agreement with the unsecured creditors (e.g. credit card companies) to pay only a percentage of what is owed, over a 3 to 5 year period.

The payment is based upon what you can afford to pay and creditor expectations.  The amount is negotiated for you by the insolvency trustee, acting as the consumer proposal administrator.

In a proposal, most people will save about 70% of the debt owed.  For example, if you owed $10,000 your debt could be dropped to $3,000 payable over 5 years. Without any fees or interest added!

Personal & Business Bankruptcy

Bankruptcy in Ontario is a legal process under the Bankruptcy & Insolvency Act.

In bankruptcy, individuals and businesses facing debt problems and insolvency can obtain debt relief with the assistance of a bankruptcy trustee, now called a Licensed Insolvency Trustee.

Bankruptcy | What is BankruptcyThe bankrupt agrees to surrender non-exempt belongings to the trustee, in exchange for the elimination of their debts.

In exchange the court issues a “stay of proceedings“. Debts are forgiven, wage garnishments, legal actions are stopped and creditors are forbidden from calling or harassing the debtor.

Give us a call, we’ll be happy to review your issues with you, with no fee or obligation.

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As one of Scarborough’s oldest and most reputable Bankruptcy Trustees for consumer proposals, personal bankruptcy and business bankruptcies we help people get out of debt and assist with financial issues.

Located on Markham Road just north of Highway 401 within the OTT Legal building, free parking is available.

Insolvency Trustees | Consumer Proposals and Bankruptcy

Susan C

1 week ago

★★★★★ Searched for debt relief and found the help I needed, We saved $25k and will be out of debt in 5 years. Many Thanks


3 weeks ago

★★★★★ The credit card interest just kept growing, we weren’t reducing it. I spoke to YanchDey and they got it dropped by $15,000, we will be out of debt in 3 years, Highly Recommend

Vicus Bennett

2 months ago

★★★★★ I called thinking I’d be filing for bankruptcy, instead I saved over 20k in debt. I’m in a consumer proposal, and avoided the bankruptcy. The garnishee was stopped, only thing I lost was the huge debt. Will be debt free in 5 years!

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Bankruptcy Trustee Categories

  • Consumer Proposals Scarborough
  • Scarborough Bankruptcy Trustees
  • Credit Counselling Scarborough
  • Debt Reduction Scarborough
Call 905-721-7506