Avoiding Bankruptcy

How to Avoid Bankruptcy

Tired of the bills, collection calls and garnishee of wages, but want to avoid bankruptcy? Here is the solution…

Options Other Than Bankruptcy

How to avoid bankruptcy? At YanchDey we help you get out of debt and offer liability solutions like:

Consumer Proposals
Debt Consolidation
Debt Counseling
Filing for Bankruptcy

We’ll take care of all the paperwork and do everything for you.

Many times there are no costs to you, and collection calls and garnishees will be stopped.

Whether a consumer proposal, counselling or debt consolidation, we can explain what the best options are to avoid filing for bankruptcy.

Call us today at 905‑721‑7506

★★★★★ My friend told me about YanchDey and that I could just call and speak to them. After telling them my situation, they said I could avoid bankruptcy with a consumer proposal. I saved about 20k on my debts, reduced the payments, and will be free and clear in 3 years. Great Service, Highly recommend, Jack Davie Oshawa.

Bankruptcy or Consumer Proposal

Many times we help people avoid bankruptcy by using a consumer proposal.

In a consumer proposal we speak to the people you owe money to, like your credit card companies.

We met with the creditors to explain that instead of filing for bankruptcy where they would receive nothing, you’ll agree to pay them a reduced amount over a new term.

The debt you owe is then reduced by up to 70% and you’re given 3-5 years to repay.

Together with the trustee you decide the terms and amount of the payment schedule, avoiding filing for bankruptcy in the process.

You win because:

your getting yourself out of debt
the debt is reduced substantially
you avoid filing for bankruptcy

Bankruptcy and Consolidating Debt

Consolidating debt through a consumer proposal simplifies the payment process.

A consumer proposal allows you to make one payment to the trustee rather than repaying multiple creditors at once. This leaves you with just one, lower monthly payment stretched out over a period of time.

The best feature of a consumer proposal is that you’re able to pay multiple debts by streamlining everything into one monthly payment.

You don’t have to worry about remembering various due dates and the amount that you have to settle.

To learn more about how to consolidate debt in Ontario, call us today >

R. Mitchell

6 days ago

★★★★★ Staff at YanchDey made the bankruptcy process very easy. It was a relief to my wife and I to have professionals such as these, very supportive. Thanks again

D. Ganguli

2 weeks ago

★★★★★ Some bad financial decisions including being laid off resulted in huge credit card debt and other loans we were never going to be able to pay off. After I finally got fed up with the collection calls and bills my husband and I decided to get some help. I called Yanchdey from a friends referral. We met them that day, where they explained our options. We decided on bankruptcy giving up many things we didn’t really need, and the counseling was great for us at our age. It wasn’t easy, but we are much happier and debt free. Thanks Again, would recommend.

Jo-anne Lee

1 month ago

★★★★★ I needed to get out of debt. I still had a student loans of $14,000, credit card debt and had just received a letter of garnishment. A credit counselor recommended YanchDey. They were easy to speak with and listened to me. Together we discussed the pros and cons and options available. The bankruptcy will pass, but I’m much happier without the burden of debt in my life. I should have gotten the financial counseling years ago, but YanchDey were great. If you’re in debt call, you’ll be happy you did.

Christia McIntyre

4 weeks ago

★★★★★ .Professional and friendly, on their advice I did a consumer proposal vs bankruptcy and will be completely out of debt in 2.5 years!! Debt Free! Many thanks

S. Lee

1 month ago

★★★★★ They were completely upfront about what my options were, and gave me a clear cut plan about how I could stop the calls, bill collectors, and credit card bills that just kept getting bigger and bigger. Filing for bankruptcy was not an easy decision but YanchDey were there for me all the way. Thanks Again!

Yanch Dey Bankruptcy Trustees

4.2

Charles Pepin

15:51 25 May 18

Hello Kelly, Thank you for taking the time to explain the differences between bankruptcy and a consumer proposal. You made me feel very comfortable and at ease knowing I can make this work, and turn around my financial future and I really appreciate that.

Leeza V

09:05 08 May 18

Thank you !! I feel like a new person. I can finally sleep again after years of stressing about bills. The Trustee and staff at Yanch, Dey could not have been more helpful or given me a better solution!

Lane Carter

22:42 16 Apr 18

We were referred to you by our banker who said we would not go wrong choosing your firm. You have been compassionate and helped us along the way. It has been a long time and we are looking forward to a new beginning.

walter clare

15:20 10 Apr 18

I work with individuals, couples and families dealing with addictions and recovery. Over the years I have referred, many clients to Yanch Dey in order that they might get their financial affairs in order. The people at Yanch Dey are genuinely warm and caring about the people they serve. I conduct follow up interviews with all my referral clients. Without exception they express their deepest appreciation for the way they were treated. They are especially pleased with the results from their having been able to restructure their financial affairs. I do not hesitate to give Yanch Dey my highest recommendation.

Debbie C

17:41 04 Apr 18

Excellent customer care. Meeting set up very quickly, negotiated with my creditors resulting in me paying almost 1/2 of what I owed, taking me quickly out of debt. Have recommended friends and family to them and would do so again.

Darlene Allen

12:06 04 Apr 18

Yanch& Dey Associates I was very pleased the way they handled the negotiations with my creditors. I ended up paying a fraction of what I owed on my debt and had it payed off less then I expected.A few of my family members were in the same situation as me and were so happy with their outcome I find they have very good negotiating skills.YOURS TRULY D.A.

Ron Henderson

14:31 30 Oct 15

I would definitely recommend James Yanch and his staff. They were very kind and professional when handling my bankruptcy. My wife and I met with a few trustees and were very happy to find this office. We appreciate all their help.

Susan lee

04:59 03 Dec 14

GREAT SERVICE! We would HIGHLY RECOMMEND your firm to anyone! Thank you Jim, Brenda and staff. We are now headed in a positive direction again. You helped us understand our options and get our lives back on track.Susan & Trevor

Heather Marie

01:14 28 Nov 13

Mr. Yanch - I want to thank you for helping my husband and myself through this difficult process. We recently recieved our discharge and already things are improving for us. You were referred to us by a family friend and now we know why. You and your staff provided the compassion and understanding that we needed. Many thanks, H & R

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Avoiding Bankruptcy

How to Avoid Bankruptcy

Options Other Than Bankruptcy

Bankruptcy or Consumer Proposal

Bankruptcy and Consolidating Debt

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Bankruptcy