Experience Your Life Without Debt

Fast & Effective Consumer Proposals

End the Collection Calls

Stop Wage Garnishments

Stop Interest from Accruing

Reduce What You Owe & Income Taxes

Get Your Life Back on Track

How Consumer Proposals Make Your Life Better

Reduce and restructure your loans and debts right now with a consumer proposal from Reynolds & Associates. This debt counselling program from Innovation, Science and Economic Development Canada will help stop all interest charges and wage garnishments, allow you to repay just a portion of resolved unsecured debts, and keep your assets. We’ll create a plan that will get you back on track so you start living your debt-free life right now!

A Debt-Free Life is Only a Phone Call Away

Phone Us & Book Your Free Consultation

Call our team now to book a free consultation with our team. We offer a free assessment and analysis of your financial situation.

Phone Us & Book Your Free Consultation

We’ll Handle Your Creditors

Our team will get the debt-chasing creditors and collection calls to stop by communicating with them one-on-one to explain your situation.

We’ll Handle Your Creditors

Pay a Fraction of What You Owe

By utilizing consumer debt proposals, we can reduce the amount of debt you have to pay, alleviating the pressure of financial constraints.

Pay a Fraction of What You Owe

Protect Your Assets & Family

We can use your consumer proposal to protect your most important assets, such as your home or car, safeguarding them against collection.

Protect Your Assets & Family

Achieve Financial Freedom

We’ll alleviate your debt and restructure your payments, so you enjoy financial freedom without drowning in debt. It’s the start of your new life today!

Achieve Financial Freedom

It’s Time to Experience a Debt-Free Life

We’ll Make Consumer Proposals Work For You

As government-licensed Licensed Insolvency Trustees, we have the firsthand experience and knowledge to successfully submit a consumer proposal on your behalf. We customize the proposal based on your financial situation, including your debts, loans and assets, instantly stopping creditors from calling and harassing you and alleviating debt pressure. Together we can find the right solution to help your budget and help you get your finances back on track.

Free Assessment & Analysis

Get a free assessment and an in-depth analysis of your financial situation with our licensed experts. We’ll ensure you get your consumer proposal off to the best start. We also offer consumer credit counselling and assistance with filing consumer proposals. Trust our team to develop a strategy that will put an end to calls from creditors.

No Fees

You shouldn’t have to pay fees when you’re in debt! We offer a No Fee Guarantee. This means we won’t charge you until we help you settle your debt. Whether for consumer proposals, debt consolidation or bankruptcy in Sudbury, North Bay or elsewhere, you’ll experience our No Fee Guarantee!

Licensed & Regulated

As Licensed Insolvency Trustees (LIT), we provide licensed and regulated services for all of our clients. This functions as a vote of confidence for our services and guarantees you a lower rate for the same services that you might expect from other non-licensed debt relief services. Our licensed counsellors work in accordance with Canadian regulations.

Confidential & Trustworthy

We prioritize the security of our customer’s financial information because we understand the importance of providing a safe and trustworthy environment for those we work for. Our policies and processes ensure your financial information’s security and safety through various methods. We take all necessary steps to ensure our client’s confidentiality.

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 a consumer proposal?

A consumer proposal is a legally binding agreement established by Innovation, Science and Economic Development Canada and part of Canada’s Bankruptcy and Insolvency Act. It is an alternative for individuals to file for bankruptcy. Usually, consumer proposals must be completed within five years.

How much does it cost to submit a proposal?

The fee to submit a consumer proposal is set by the Bankruptcy and Insolvency Act and must be submitted by Licensed Insolvency Trustees. In most cases, the Trustees will charge a certain % and deduct it from the future payments. We offer a No Fee Guarantee until we help you settle your debt.

Who is eligible for a consumer proposal?

To be eligible for a consumer proposal, you must be a person (not a business), be insolvent (you are unable to pay your debts when they’re due), have debts less than $250,000 (not including your mortgage), have a stable source of income and no prior proposals already in submission. A consumer proposal can only be submitted by Licensed Insolvency Trustees - like Reynolds & Associates.

Will a proposal affect my credit rating?

Indeed it will. There will be a special notation on your credit report indicating that you’ve filed a consumer proposal (also known as a “R7 credit rating”). This will make it extremely difficult for you to borrow money from banks, private lenders or credit unions until the completion of the proposal (3 years after you pay off all the debts or 6 years after you signed the initial proposal).