GTA Credit Solutions Services Ltd

GTA Credit Solutions Services Ltd helps people in Canada who cannot keep up with their debts. Its material centres on consumer proposals and bankruptcy, and it lists meeting options by phone, video or online as well as offices in North York, Scarborough, Mississauga and nearby cities. The site content is aimed at individual debtors rather than businesses.

What GTA Credit Solutions Services Ltd offers

• Consumer proposals — a legal debt settlement filed through a licensed trustee, under which a debtor repays part of what is owed over an agreed period.
• Bankruptcy advice — guidance on bankruptcy as another route when debts cannot be managed.
• Financial assessment — the trustee reviews income, assets and debts to decide what a debtor can realistically offer creditors.
• Creditor protection — a filed proposal is described as stopping collection calls and wage garnishments and freezing interest.

Who it works with

Individuals living in Canada with unsecured debts such as credit cards, lines of credit and tax arrears. Secured car loans and the mortgage on a main home are described as unaffected by a proposal.

Key facts

• Meeting options: phone, video or online meetings
• Places listed: North York, Scarborough, Mississauga, Brampton, Ajax, Whitby and Oshawa
• Eligibility points: applicant must be insolvent and live or hold property in Canada