YanchDey & Associates
Whitby Bankruptcy Trustees
Yanch Dey and Associates are your Licensed Insolvency Trustees in Whitby. As bankruptcy trustees we help people with insolvency issues, providing advice, information and representation for:
We help people with financial issues get out of debt.
What’s a Consumer Proposal?
- 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
The bankrupt agrees to surrender non-exempt belongings to the trustee, in exchange for the elimination of their debts.
Give us a call, we’ll be happy to review your issues with you, with no fee or obligation.
The Role of a Bankruptcy Trustee
The role of a bankruptcy trustee in Canada is to help those facing financial debt and insolvency issues.
Our bankruptcy trustees provide counseling, bankruptcy service and use debt management tools like consumer proposals to help you get a fresh start. With our help and these financial tools, we have been able help hundreds of friends and neighbours throughout Whitby and Durham Region.
Bankruptcy trustees are licensed by the Canadian Government to administer bankruptcies and consumer proposals, the use of a lawyer is not required or necessary.
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.
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.
Make that Call Today!
You’ve thought about it, now take the first step…
Give us a call and lets have a conversation about your debt and how we can help you.
We offer a free opportunity to discuss your finances either over the phone or at our office. There’s no obligation or cost to learn what your options are.
We’ve helped hundred of people in Whitby, just like you. Call us today at 905-721-7506.
We are conveniently located on Mary Street, just east of Hickory Street, one block north of Dundas St West, in Whitby.
Local Community Links
Consumer Proposal and Bankruptcy Categories
- Consumer Proposals
- Whitby Bankruptcy Trustees
- Credit Counselling
- Debt Reduction Services