Home 2018-03-16T14:07:41+00:00

GET A FRESH START &
BECOME DEBT FREE

We do more than simply reduce and eliminate debt. We are here to help YOU!
For over 20 years our Licensed Insolvency Trustees and dedicated team have
been helping clients reduce their debts.

Get in touch with us, if you are ready to discuss your debt.

Call Toll Free 1 (844) GTA-DEBT (482-3328)

Sign up for a FREE and confidential consultation

Consumer Proposal vs Bankruptcy

Which is right for you?

Our experienced and professional team will provide you with a personalized debt relief solution.
We have various offices throughout the GTA and speak over 7 different languages.

Debt Solutions

Paving the Road to Debt Freedom

Reduce Your Debt

Reduce Your Debt

A consumer proposal is a debt relief option which allows individuals to consolidate their debts into one monthly interest free payment. It is a legal binding process between you and your creditors to repay a portion of what is owed. A Licensed Insolvency Trustee will negotiate with the creditors on your behalf to reduce the amount of debt owed. The amount of debt to be repaid is based on your income, assets and total debt load.

Restructure Your Debts

The debt consolidation loan option allows you to combine your debts into one loan with a lower interest rate. This option is available through a bank or a financial institution. In this option you would pay off the amount owing to your creditors in full while getting a new single monthly loan payment.  Debt consolidation however will only reduce your interest payment and your overall amount owing is not reduced or eliminated.

Eliminate Your Debt

A Bankruptcy is a legal process that can only be filed through a Licensed Insolvency Trustee. It is another debt relief option that can help individuals deal with their financial problems.  In general, if your debt load is very high, your income is limited and you have no assets or minimal assets, then the bankruptcy option is likely the best course of action to follow.

Budgeting

Credit counselling is an option where you would be able to meet with one of our certified credit counsellors to discuss your fixed living expenses and required monthly bill payments.  We would discuss strategies and techniques to help you better manage your monthly financial plan. This option does not reduce or eliminate your debt.

A corporation becomes insolvent when it’s unable to pay its debts; these can include suppliers, financial institutions, lease payments. The corporation can file for bankruptcy or make a proposal to its creditors. The business may continue, be sold, or sometimes would have to be closed. A Licensed Insolvency Trustee can evaluate what is the best way to take care of the business debts as often they are personally guaranteed.

Over 10,000 Clients Helped

Irene

The first two Trustees that I spoke to each told me not to declare bankruptcy. Each of them told me that I would not get an automatic discharge. They said that my $175,000 credit card debt was too high and if I waited, my bankruptcy application would "look better" and maybe then I would be discharged. Mr. Sheriff and his team said nothing of this kind. They took me on as a client. Nine months later I have my automatic discharge. I am debt free.
2017-11-09T05:25:26+00:00
The first two Trustees that I spoke to each told me not to declare bankruptcy. Each of them told me that I would not get an automatic discharge. They said that my $175,000 credit card debt was too high and if I waited, my bankruptcy application would "look better" and maybe then I would be discharged. Mr. Sheriff and his team said nothing of this kind. They took me on as a client. Nine months later I have my automatic discharge. I am debt free.

Jeffrey

Mr Sheriff helped me get out of debt with dignity. He was professional, efficient and quick.
2017-11-09T05:26:37+00:00
Mr Sheriff helped me get out of debt with dignity. He was professional, efficient and quick.

Fernando

I graduated hoping that finding work would be easy,  unfortunately, that wasn't the case. I couldn't find a job and I started receiving phone calls from my creditors harassing me day and night demanding payment. I needed a way to pay off my debt or reduce it as much as possible.  I searched the net for debt solutions in Toronto and found that Sheriff Sole & Madej Inc. were near my home and decided to give them a try. I filed for a Consumer Proposal and after 2 months I can now say that I successfully reduced my debt by 65%.
2018-01-26T17:50:05+00:00
I graduated hoping that finding work would be easy,  unfortunately, that wasn't the case. I couldn't find a job and I started receiving phone calls from my creditors harassing me day and night demanding payment. I needed a way to pay off my debt or reduce it as much as possible.  I searched the net for debt solutions in Toronto and found that Sheriff Sole & Madej Inc. were near my home and decided to give them a try. I filed for a Consumer Proposal and after 2 months I can now say that I successfully reduced my debt by 65%.

Sue

We were  overwhelmed with the amount of outstanding debt, as my husband lost his job and we couldn't afford to pay our bills and cover our mortgage, we knew we needed help.  Sheriff Sole & Madej Inc. helped us reduce our debt load by filing a consumer proposal. Now we can afford our monthly payments as our debt was consolidated into one manageable monthly payment.
2018-01-26T17:53:03+00:00
We were  overwhelmed with the amount of outstanding debt, as my husband lost his job and we couldn't afford to pay our bills and cover our mortgage, we knew we needed help.  Sheriff Sole & Madej Inc. helped us reduce our debt load by filing a consumer proposal. Now we can afford our monthly payments as our debt was consolidated into one manageable monthly payment.

Our Licensed Insolvency Trustees

Paving the road to debt freedom has been our commitment for over 20 years. We take pride in finding the best debt relief solutions for each individual client, while considering their personal and financial circumstances. We aim to help each client find the most efficient and cost effective option to reduce or eliminate their debts.

Todd Sheriff
Todd Sheriff Licensed Insolvency Trustee
Todd Sheriff is the founding partner and president of Sheriff Sole & Madej Inc. He is a Licensed Insolvency Trustee and also a Chartered Professional Accountant. Todd Sheriff has over 20 years of experience in all aspects of insolvency matters, including bankruptcy, receivership, proposal, financial restructuring, and debtor/creditor relations.
Martin Sole
Martin Sole Licensed Insolvency Trustee
Martin began his career as a Chartered Accountant at a large national firm. Several years later, Martin transitioned to the field of Insolvency. For the first 15 years of his career, Martin’s practice focused on corporate insolvency and restructurings, consulting advisory services, and private and Court appointed receiverships.
Maggie Madej
Maggie Madej Licensed Insolvency Trustee
Maggie has been involved in the insolvency industry since 1997. Maggie joined Sheriff Sole and Madej Inc. over 15 years ago and has been a Licensed Insolvency Trustee since 2004. She has hands-on experience in corporate and consumer insolvency.

About Sheriff Sole & Madej Inc.

We have helped over 10,000 individuals eliminate or reduce their debt. In over 20 years of practice our Licensed Insolvency Trustees and debt professional team have been committed to helping each client find the best solution that fits their needs.  We believe in providing our clients with a clear picture of all of the available options along with the pros and cons of each option to make an informed decision.

We have 12 locations throughout the GTA with staff members that speak over 7 different languages.

Contact one of our Licensed Insolvency Trustees or debt professional staff members for a:

  • FREE in person consultation;

  • A complete assessment of your current financial position;

  • Discuss the options available to you to eliminate or reduce your debt problems.

Blog

Our Locations

North York (Head Office)
2001 Sheppard Avenue East, Suite 120
Toronto, ON M2J 4Z8

Brampton
2 County Court Boulevard, Suite 400
Brampton, ON L6W 3W8

Pickering
1315 Pickering Parkway, Suite 300
Pickering, ON L1V 7G5

Barrie
92 Caplan Avenue, Suite 627
Barrie, ON L4N 9J2

Markham
7676 Woodbine Avenue, Suite 300
Markham, ON L3R 2N2

Mississauga
2 Robert Speck Parkway, Suite 750
Mississauga, ON L4Z 1H8

Mississauga Airport Road
5925 Airport Road, Suite 200
Mississauga, ON L4V 1W1

Hamilton
1 Hunter Street East, Ground Floor
Hamilton, ON L8N 3W1

Midtown Toronto
1920 Yonge Avenue, Suite 200
Toronto, ON M4S 3E6

Vaughan
9131 Keele Street, Suite A4
Vaughan, ON L4K 0G7

Scarborough
10 Milner Business Court, Suite 300
Scarborough, ON M1B 3C6

Kitchener
55 King Street West, 7th Floor
Kitchener, ON N2G 4W1