Examples

Examples of Bankruptcies

Examples of how others became debt free and in control of their finances by filing for bankruptcy.

Understanding how filing for bankruptcy works and examples of how declaring bankruptcy has helped other people. These people took the first step to financial health and controlling their debts by contacting our bankruptcy and Licensed Insolvency Trustees. Calling and discussing your finances is free and confidential. Call us today at 905-721-7506 or contact our offices.

How Filing for Bankruptcy Helped Me

When I started college I applied for a student Visa, everyone was doing it and it didn’t seem like anyone was being declined, and it seemed like a very reasonable thing to do.I was approved for the Visa and planned to use it to pay for my books and travel expenses while I was in school.

I was $168,000 in debt, now I’m debt free!

The business and government debt I had personally guaranteed. The total that I would have to pay between the government and the bank loan was about $168,000.00, but Yanchdey saved me…

The financial burden has been lifted, my physical and mental health immediately improved…

The reasons for my financial difficulties was a combination of my spouse continuously being laid off at work, in the Oshawa auto industry and the fact that I did not file my taxes.

Learn More about Filing for Bankruptcy

At Yanch, Dey & Associates Ltd., we want to sit down with you and work to understand your financial issues in the GTA. Our Licensed Insolvency Trustee will listen to you in a non-judgmental atmosphere and provide you with our advice on how to move forward.

You are not alone in this process and every year thousands of people just like you file for personal bankruptcy in Ontario, and Yanch, Dey & Associates Ltd. are the Licensed Insolvency Trustee that can help you.

R. Mitchell

6 days ago

★★★★★ Kelly and her staff 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. 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 I look into filing for bankruptcy. The bankruptcy trustee was 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.

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 the trustee was 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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