Personal debt issues are a common concern touching people everywhere.

In Ontario, we are seeing a significant increase in both the information available through the media that discusses personal debt action plans and offers advice. As a Canadian, you may not realize that a lot of these articles are coming from U.S.-based sources. This information from the U.S., while applicable across the border, is significantly off base from the rules and regulations that govern Canadian personal debt issues.

Ontario Debt Help is a Must

While the regulations are nearly consistent across Canada with few being Ontario-specific – the Ontario Student Assistance Program (OSAP) for example – it is important that the information (AND ADVICE!) you consider to help resolve your Ontario money problems comes from a Canadian-based source.

In addition, it’s important to understand the difference between a Licensed Ontario Bankruptcy Trustee, like us, versus other debt settlement companies that are facing more scrutiny by the Canadian government.

Welker & Associates is a family team that has been in the Ontario personal debt management business for 15 years. In that time, we have learned the intricacies of the regulations governing OSAP, Divorce Courts, Mortgage Liens, Collection Agencies and Wage Protection, in addition to the many unique situations that we have resolved over the years.

The  Bankruptcy and Insolvency Act governs all bankruptcies in Canada. It is designed to offer the debtor a fresh start by asking him or her to pay as much as they can on what they owe. It is not designed to make resolving their debts difficult or force them to live an unrealistic lifestyle.

Please utilize some of the free tools available on our website:

Debt Options Calculator

Review what Ontario debt repayment option would cost you the least in interest

Self Assessment Survey

Find help if you are struggling with financial issues and need answers. 

Canadian and Ontario Debt Resources

Reviewing information that is specific to Canadian residents will help you better understand your position, the rules and your options so you can rebuild your financial health.

Canadian Bankruptcy and Insolvency Act

How to Repay Your Ontario Student Loan

Canadian Divorce Act

Divorce and Separation In Ontario

Collection Agencies in Ontario

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