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What is a Trustee?

Bankruptcy trustees are familiar with all aspects of Canadian bankruptcy law. Bankruptcy trustees can help solve your money problems and address any debts or other concerns that might lead to personal bankruptcy. Please visit the Role of the Trustee page for more information.

Alternatives to Bankruptcy

Consumer Proposals are an alternative to bankruptcy. They allow you to make an arrangement with your creditors to have you pay off only a portion of your debts, extend the time you have to pay off the debt, or some combination of both.

Proposals can be made by both individuals (personal) or corporations (business) by a trustee in bankruptcy working on your behalf. The proposal consists of an offer which is either approved or rejected by your creditors. For more information about proposals go to our Proposals page.

Alison Petrie: Debt Counselling, Debt Consolidation

Bankruptcy or Consumer Proposals

We're licensed by Industry Canada to help you!

You are worried. Your debts are out of control. You feel like you’re in over your head… and you desperately need help to get relief from your debts.
As experienced practitioners of bankruptcy we work with you and review your financial situation to find the appropriate solution for you … and we care, because we understand what you are going through. You can trust Petrie and Associates to give you the right advice and help you rebuild your financial well being, whether you are filing for Bankruptcy or considering a Consumer Proposal.


Do you want to Avoid Bankruptcy?
Questions To Ask If You Are Doing A Debt Consolidation

1) when will the creditors receive their first payment?
2) how much will the administrator receive in fees?
3) what government agency audits the consolidator's firm?
4) what professional designation does the administrator have that makes them suitable for this work?

Click here for answers to more frequently asked questions.


consumer proposall

The Six Simple Steps to Debt Freedom

1) assessment of all your debts
2) review all your legal options which are legally binding on your creditors
3) complete an application with a certified advisor
4) send notice to creditors within 10 days
5) creditors approve your proposal and payment amount, within 45 days
6) proposal completed and eligible debts are erased
Find out more about Consumer Proposals by visiting our Proposal's page on this website.


The sooner you act, the sooner we can sort things out and get you back in charge of your own life. And …

Your first consultation
is free!  Apply Now!


We are at your service in the Durham Region with offices in Oshawa, and Pickering and in Toronto through our Scarborough office
 
Before you visit
Before you visit Alison we would like you to fill out a Debt Crisis Worksheet and the Income and Expense Statement. Just click on the name of the form to receive it in PDF Format.  We ask you to save it to your computer, fill it out and send it back to us as an email attachment or you can print it and fax it back to us.
 
Contact us in confidence
If you would like any information or have any questions about our services and would like to contact us on a confidential basis, please go to our Contact us page and you can fill in the contact information form provided.
 

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Free E-Book

You are encouraged to download our Guide to Debt Reduction E-Book that will act as a guide to help you understand options available to you when it comes to settling your debts. Go to our Free E-Book page to download your copy.

Changes Regarding Student Loans

If you have been out of school for 7 years and are still struggling with your student loans, they can now be included in a bankruptcy or a proposal. This rule has recently been amended from the 10 year waiting period.