Licensed Insolvency Trustees
400 Mary Street East,
Whitby, Ontario
L1N 2P8
Phone: 905‑721‑7506
Email: help@YanchDey.com
Hours
Monday to Friday
09:00 AM – 05:00 PM
Saturday & Sunday By Appointment
Evenings by appointment
Licensed Insolvency Trustees
400 Mary Street East,
Whitby, Ontario
L1N 2P8
Phone: 905‑721‑7506
Email: help@YanchDey.com
Hours
Monday to Friday
09:00 AM – 05:00 PM
Saturday & Sunday By Appointment
Evenings by appointment
Yanch Dey and Associates are your Licensed Insolvency Trustees in Whitby. As bankruptcy trustees we help people with insolvency issues with information and representation for:
We help people with financial issues and to get out of debt.
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!
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.
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.
Read more about filing for bankruptcy >>
The bankruptcy trustees job in Canada is to assist those with insolvency and debt issues get control of their finances.
In Canada bankruptcy trustees and insolvency trustees avoid having to appear in court, unlike other countries where insolvency laws require a court appearance and the retaining of a lawyer.
The bankruptcy trustee is licensed by the Canadian Government to administer bankruptcies and consumer proposals, the use of a lawyer is not required or necessary.
Filing for bankruptcy is done through an Insolvency Trustee who administers the bankruptcy within the rules of the Bankruptcy and Insolvency Act, including and money, property or assets held in trust.