Licensed Insolvency Trustee Toronto
Falling behind on credit cards, loans or CRA debt? A Licensed Insolvency Trustee can legally reduce what you owe and stop creditors, starting with a free phone or video consultation.
- Reduce debt by up to 80%*
- Stop calls and garnishments
- No office visit needed
or call (587) 701-5681
Free and confidential consultation
* Up to 80% reduction possible.
Regulated by the Office of the Superintendent of Bankruptcy
A Licensed Insolvency Trustee for Toronto’s cost of living
Toronto is one of the most expensive places in Canada to live. When rent or a mortgage takes most of your pay, one setback can tip the balance: a job change, a mortgage renewal at a higher rate or an unexpected tax bill. Credit cards and lines of credit start covering the gap, and the interest keeps growing.
Moses Advisory Group’s Licensed Insolvency Trustees work with people across the GTA who have reached that point, whether the problem is credit card debt, payday loans or CRA tax debt. We review your whole situation and give you impartial advice on every option.
Only a Licensed Insolvency Trustee can file a consumer proposal or bankruptcy under the Bankruptcy and Insolvency Act. Some debt relief companies are not trustees and charge for advice a trustee gives free, so check who you’re dealing with. Moses Advisory Group is licensed and regulated by the Office of the Superintendent of Bankruptcy.
Dealing with a wage garnishment or calls from a collection agency? Filing stops most collection action right away. Book a free consultation to find out where you stand.
Robert Johnson, CPA, CA, CIRP
Licensed Insolvency Trustee
Get free, impartial debt advice from a Licensed Insolvency Trustee. We’ll call to explain your options.
1-hour callback (working hours)
No obligation.
Toronto debt in numbers
More Toronto households are falling behind
Insolvency filings and missed payments are both rising across the GTA. Here’s what the latest government and credit bureau data shows.
11,495
consumer insolvencies filed in the Toronto region, January to June 2026
40%
of all consumer insolvencies in Ontario came from the Toronto region
+7.9%
more consumer insolvencies in Q2 2026 than in Q2 2025
4 in 5
Toronto-region filers chose a consumer proposal over bankruptcy
$21,866
average non-mortgage debt per Toronto consumer, Q2 2026
2.34%
of Toronto non-mortgage debt was 90+ days overdue in Q2 2026, compared with 1.91% across Ontario
Insolvency figures: Office of the Superintendent of Bankruptcy, quarterly insolvency statistics, Q1 and Q2 2026, Toronto economic region (the City of Toronto plus Peel, York, Durham and Halton, excluding Burlington). Regional counts leave out filings the OSB could not assign to a region, so actual totals are likely higher. Debt and delinquency figures: Equifax Canada, Q2 2026 consumer credit trends; delinquency is measured by dollar value.
Your options
Ways to get out of debt in Toronto
The right option depends on what you earn, what you own and how much you owe. We’ll walk you through each one, with real numbers, before you decide anything.
Debt relief
Not every situation needs a formal filing. We compare budgeting, credit counselling and consolidation with your other options so you can see the trade-offs.
Consumer proposal
The most common choice in Toronto. Repay part of your unsecured debt in one fixed monthly payment with no interest, and keep your assets.
Bankruptcy
A fresh start when repayment isn’t realistic. Most unsecured debts are cleared, though homeowners with equity usually look at a proposal first.
See the difference
Before help vs after help
See how much you could save.
Gabriella was paying $720 towards debt each month
Credit Cards
$9,225.20
Payday Loan
$7,231.15
Bank Loan
$5,860.20
CRA Debt
$4,078.52
Total Debt
$26,395.07
Monthly payment before and after
Before help
$720
After help
$160
Estimate your new monthly payment
Quick answers. Fast and free.
Example only. Individual results vary.
All types of debt
Whatever the debt, we can help
Your home and car
Can you keep your home if you file in Toronto?
For most Toronto homeowners, this is the deciding question. The average home in the GTA sold for $1,024,108 in October 2026, but Ontario’s bankruptcy exemption protects only $12,997 of home equity.
That’s why homeowners with equity usually choose a consumer proposal. A proposal doesn’t require you to give up any assets, so you keep your home as long as you keep up your mortgage payments. If you do file for bankruptcy, Ontario law protects these amounts:
| Protected in an Ontario bankruptcy | Limit |
|---|---|
| Equity in your principal residence | Up to $12,997 |
| One motor vehicle | Up to $8,578 |
| Household furnishings and appliances | Up to $17,091 |
| Necessary clothing | No set limit |
| Tools of your trade | Up to $17,362 |
If an asset is worth more than its limit, you can often keep it by paying the difference. RRSPs and RRIFs are protected under federal law, except contributions made in the 12 months before you file. Learn more about what happens to your house in a bankruptcy.
Sources: Government of Ontario – O. Reg. 657/05 (Exemptions) under the Execution Act; Toronto Regional Real Estate Board, Market Watch, October 2026.
Your Licensed Insolvency Trustee for Toronto
Robert Johnson, CPA, CA, CIRP, is a Licensed Insolvency Trustee with Moses Advisory Group Inc. With more than 20 years of experience, he has helped thousands of Ontarians resolve their debt through consumer proposals, bankruptcy and debt restructuring.
He is licensed by the Office of the Superintendent of Bankruptcy and is a member of CAIRP, the Canadian Association of Insolvency and Restructuring Professionals.
“Money worries are stressful. My job is to listen, explain all your options, and help you choose the path that protects your home, your income and your peace of mind.”
Robert Johnson, CPA, CA, CIRP, Licensed Insolvency Trustee
Call us on (587) 701-5681
Across the GTA
Phone and video consultations across the GTA
Skip the trip downtown. Our trustees work with clients across Toronto and the surrounding regions by phone or video, so you can get advice from home or on a lunch break.
- Downtown Toronto
- Midtown Toronto
- North York
- Scarborough
- Etobicoke
- East York
- York
- Leaside
- Mississauga
- Brampton
- Vaughan
- Markham
- Richmond Hill
- Oakville
- Pickering
- Ajax
Prefer to talk now? Call (587) 701-5681. We serve all of Ontario and respond to inquiries within one business day.
Free no-obligation consultation.
How it works
Getting started is easy
Check if you qualify
Answer a few quick questions
You’ll get a call back
We explain how it works
Discover your options
We’ll create a plan for your debt
Take the first step toward becoming debt free.
No in-person visit needed.
Reviews
Trusted by Canadians
Real reviews from real clients.
I had a wonderful experience with the Moses Advisory team, especially Janelle. She was kind, supportive, and made the entire process so much easier. I feel at ease and like a huge weight has been lifted off my shoulders.
Soheila Adelian
Nikolas was very kind, helpful and respectful. He explained very clearly and answers all the question politely. He is very professional and you can feel his empathy, sincerity and willing to help. Highly recommended.
Jaime Torres
The Moses Advisory Group team has been excellent. Professional and knowledgeable guidance. Great help in explaining the process and providing the necessary support. Recommend to anyone having financial issues to take advantage of their expertise.
Oluwaseun Fanawopo
Excellent! I was heavily in debt and extremely stressed out, but after the first consultation, they made a very affordable proposal for me. Since that day, my financial situation has improved tremendously! I would highly recommend them to anyone who is suffering from heavy financial difficulties.
Kashaija Stephen
Thanks to Neil from Moses Advisory Group for all your help. I appreciate all your help and understanding through what has been a difficult time. I would highly recommend them.
Candice Knight
Working with this group is great and they helped me greatly. Highly recommend for those with financial problems. Great job guys and thank you so much for all your help.
May Niegos
I’m very glad that this company was able to give us a lifeline during our financial problems. I’m very grateful for all the support especially to Niko who has helped and guided me along the way. I appreciate your support and very kind excellent service. Thank you all and more power to your company!
Jun Abanilla
Excellent service. Professional advice. Anyone who has financial questions and concerns will benefit from visiting their office. What a great experience. Thank you! Thank you!
Isabel Choconta
I’m very happy with Moses. The staff was very helpful, explained things well and are very knowledgable. They always answer the phone when I call or return phone call the same day. I am very thankful for them.
Rory Balchan
More reviews
FAQs
Common questions about debt relief in Toronto
No. Consultations are by phone or video, so you can start from anywhere in the GTA. Your trustee explains your options, prepares the paperwork and files it with the Office of the Superintendent of Bankruptcy.
Usually, yes, with a consumer proposal. A proposal doesn’t require you to give up assets, so you keep your home as long as you keep paying your mortgage. Your equity does affect how much you’ll need to offer, because creditors must receive more than they would in a bankruptcy. In a bankruptcy, Ontario protects only $12,997 of home equity. Read more about what happens to your house in a bankruptcy.
No. A consumer proposal covers unsecured debts such as credit cards, personal loans, payday loans, unsecured lines of credit and most CRA tax debt. Secured debts like a mortgage, home equity line of credit or car loan stay outside the proposal, and you keep paying them as usual to keep the asset.
Under Ontario’s Wages Act, a creditor with a court judgment can garnish up to 20 percent of your wages after mandatory deductions. The limit rises to 50 percent for family support orders. Filing a consumer proposal or bankruptcy stops garnishments by your other creditors right away, but it doesn’t stop garnishments for family support. Learn more about consumer proposals and wage garnishment.
Yes. Once your proposal is filed, the stay of proceedings stops CRA wage garnishments, bank account garnishments and other collection action on the tax debt included in your proposal. Most personal income tax debt can be included like any other unsecured debt. See how to stop a CRA wage garnishment.
There’s nothing to pay upfront. Trustee fees are set by the federal Bankruptcy and Insolvency Act, so they’re the same at every trustee firm, and they come out of the monthly payments you already make. See how consumer proposal costs work.
No. Credit counsellors and debt settlement companies can negotiate with creditors, but they can’t file a consumer proposal or bankruptcy, and they can’t legally stop collection action. Only a Licensed Insolvency Trustee can. Moses Advisory Group’s licence is listed in the Office of the Superintendent of Bankruptcy’s public directory. Compare a consumer proposal and debt settlement.
The Toronto region recorded 11,495 consumer insolvency filings from January to June 2026, about 40 percent of all filings in Ontario. Roughly four in five people chose a consumer proposal over bankruptcy. In the second quarter alone, filings were up 7.9 percent from a year earlier and bankruptcies rose 30.1 percent. Source: Office of the Superintendent of Bankruptcy, quarterly insolvency statistics, Q1 and Q2 2026.
Very unlikely. Your trustee files everything with the Office of the Superintendent of Bankruptcy, which has a Toronto office at 151 Yonge Street, and most consumer proposals and bankruptcies are completed without a court appearance. If your file ever needs a hearing before the Ontario Superior Court of Justice, your trustee will explain what to expect well in advance.
Get debt help
Free debt advice for Toronto and the GTA
Book a free phone or video consultation. We’ll review what you owe, compare your options side by side, and you decide what happens next.
- Phone or video, anywhere in the GTA
- Free with no obligation
- Federally regulated
Free no-obligation consultation.