WE WILL SOLVE YOUR
Can’t pay your taxes?
If you do no pay your tax debt in full or on time or are unable to manage a monthly payment Canada Revenue Agency (CRA) has several ways to recover money owed to them. We Can Help.
Call Toll Free 1 (844) GTA-DEBT (482-3328)
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Unfiled returns? Back taxes? Worried about a tax lien or garnishment?
We prepare annually hundreds of tax returns. The professionals at Sheriff Sole & Madej Inc. can help you get your financial independence back from Canada Revenue Agency
CRA Tax Problems
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.
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
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.