Experience Your Life Without Debt

Find Hope with Our Bankruptcy Company

Stop Legal Action from Creditors

Eliminate Your Overwhelming Debt

Protect Your Important Assets

Quick & Reliable Solutions

Get Your Life Back on Track

Bankruptcy is a Fresh Start

Don’t let the fear of bankruptcy ruin your life. With Reynolds & Associates by your side, our bankruptcy company offers immediate solutions that get your finances and future back on track – without opting for bankruptcy as your first choice. Consumer debt proposals, debt management, debt settlements, or consolidation can be viable options to avoid filing for bankruptcy. If filing for bankruptcy is necessary, we can advise you on the proper steps so we can stop legal action from creditors, eliminate your debt and protect your assets.

A Debt-Free Life is Only a Phone Call Away

Phone Us & Book Your Free Consultation

If you live in Sudbury, North Bay, Espanola or Sault Ste. Marie, call us for a free consultation and assessment.

Phone Us & Book Your Free Consultation

Meet Our Trustees

As Licensed Insolvency Trustees (LIT), we will provide all the necessary information and advice you require to file for bankruptcy.

Meet Our Trustees

We’ll Prepare Bankruptcy Documents

Our team will ask for some basic information. We’ll prepare the official forms required by the government with these details.

We’ll Prepare Bankruptcy Documents

We’ll Stop Legal Actions From Creditors

Once the documents are filed, creditors will stop taking legal action against you. We’ll contact your creditors to notify them of the bankruptcy.

We’ll Stop Legal Actions From Creditors

Protect Your Wage From Garnishment

At this point, we’ll stop creditors who are seizing your wages. We'll also make sure debt collectors stop calling.

Protect Your Wage From Garnishment

Start Mandatory Credit Counselling

The Bankruptcy and Insolvency Act of Canada states that you must attend mandatory counselling to learn about balancing your budget and setting financial goals.

Start Mandatory Credit Counselling

It’s Time to Experience a Debt-Free Life

Reynolds & Associates vs Other Bankruptcy Companies

Bankruptcy is not as debilitating as many believe. At Reynolds & Associates, we see it as a positive and a fresh start. We use our experience and technical knowledge to assess your finances and manage your situation so you fully understand bankruptcy and whether or not it works for you, giving you our honest opinion about how to move forward. It’s this transparent and dedicated approach that makes people choose us over other bankruptcy companies. We will help you get through this difficult time and onto a better future.

Confidential

Reynolds & Associates are certified Licensed Insolvency Trustees (LIT), guaranteeing that everything we do in the process of your bankruptcy is legitimate and backed by the federal government of Canada. Our licensed team follows Canadian regulations and will work tirelessly to provide you with expert advice and information.

Protection from Legal Action

As bankruptcy is a legal process, unsecured creditors must accept the situation. The Certificate of Appointment document, which confirms your bankruptcy is official, leads to an automatic “Stay of Proceedings” that prohibits them from taking legal action against you, such as court cases or freezing bank accounts.

The Right Solution for You

Bankruptcy is not the only answer to your problems. Before we consider it as an option, we’ll explain all the other options that are available to you. We offer consumer proposals, debt settlements and debt counselling to help solve debt problems, as well as bankruptcy. An informed person makes good decisions.

Free Assessment & Financial Advice

You’ll receive a free assessment and analysis of your financial situation to determine if bankruptcy is the best course of action, before taking the right step towards your successful financial future.

Sudbury

North Bay

Espanola

Sault Ste. Marie

Testimonials

"The staff that helped me was extremely nice and professional. She was also very knowledgable. Had the answer to all of my questions and made the whole process easy and painless.I left there glad I went in and excited about what they could do for me. I would definitely recommend them to anyone."

"I have done business with David Reynolds & Associates for 15 years, and find the entire team to be very sincere and professional in everything they do. Good people!"

"This place saved my life. Kailey saved my life! Debt overwhelming your life? Go see Kailey! I have good credit now and David Reynolds held my hand all the way!"

"David Reynolds and Assc. are an excellent resource for debt management. They offer truly helpful council for those suffering through the weight of debt repayment."

"The staff are extremely knowledgeable and professional in helping people through a very difficult time. I would highly recommend their services.'

FAQs

What is bankruptcy?

According to Canada’s Bankruptcy and Insolvency Act, bankruptcy is a legal procedure “whereby debtors who cannot meet their obligations sign over all of their assets—except those exempt by law—to a Licensed Insolvency Trustee (LIT). The LIT's role includes selling off those assets to satisfy outstanding debts.”

What can I keep if I go bankrupt?

According to Ontario’s Execution Act (as of 2021), you can keep the following when you file for bankruptcy: clothing for yourself and your family; household furnishing (up to $15k in value); the tools used to earn your living (up to $15k in value); your home, if its equity does not exceed $10k and any medical aids or devices for you and your family. It’s important to discuss this option with our team.

How long will my bankruptcy last?

It depends on several factors, mainly how much income you make post-claim. In most cases, the first time you claim bankruptcy (you can claim bankruptcy more than once), it will usually last between 9 to 21 months or until you fulfill your duties. The second term lasts for 24 or 36 months, depending on your surplus income.

What happens to my credit rating after bankruptcy?

Your credit score will take a significant hit if you file bankruptcy. In some cases, it will drop to the lowest possible score, and debts will have a rating of “R9". A bankruptcy can stay on your credit report for 6 years from discharge.