We can help you break the cycle of debt - Steve Welker and Company Inc.

We can help you break the cycle of debt

We’ll help you find the right debt relief option whether it’s credit counselling, debt consolidation, debt settlement, a consumer proposal, or bankruptcy.

We can help with all kinds of debt.

Dealing with debt is tough. We can help you break the cycle of debt and solve your debt problems with the right debt relief strategy. There are many available options, but the right one for you depends on your unique situation. Let us help you find it.

Some of us will face a personal financial crisis during our lives. We may be able to solve some money problems ourselves, but other times we need professional help. It could be a problem that became worse over time. Or it could have happened suddenly because of job loss, a serious illness, a marriage breakup or other major life event.

Whatever the cause, if you cannot pay your personal bills or debts, you have options.

Recognize the danger signals

You have a debt problem, or are going to have one, if:

  • you continually go over your spending limit or you use your credit cards as a necessity rather than a convenience
  • you are always borrowing money to make it from one payday to the next
  • you pay only interest or service charges monthly and do not reduce your total debt over many months
  • creditors pressure you for payment, have obtained a wage garnishment, threaten to sue or repossess your car, furniture or television, or hire a collection agency to recover the money for them
  • utility companies cut off service because your bills have gone unpaid

Contact a Licensed Insolvency Trustee

Meet with a Licensed Insolvency Trustee to go over all of your options

If you are facing serious financial difficulties, you will want to meet with a Licensed Insolvency Trustee (LIT). When you meet with an LIT, bring all the information about your financial situation: credit card statements, bank statements, mortgage records, loan documents, etc. An LIT will explain the merits and outcomes of the various options available to you. Typically, LITs do not charge for this first meeting.

The LIT represents a balance of interests between you and your creditors and is an officer of the court. In addition to helping you assess your situation, the LIT will give you information and advice about both the proposal and bankruptcy processes and plays an impartial role in ensuring your rights, as well as those of the creditors, are respected.

What is a Licensed Insolvency Trustee?

A Licensed Insolvency Trustee (LIT) is the only professional authorized to administer government-regulated insolvency proceedings that allow you to be discharged from your debt, such as a consumer proposal or a bankruptcy.

When you choose an LIT, you can be confident that you are dealing with someone who has demonstrated that they have the knowledge, experience and skills to be granted a licence from the Office of the Superintendent of Bankruptcy.


  • Reviews the affairs of consumers having financial difficulties and provides a full range of options
  • Deals with creditors on your behalf
  • Safeguards the rights of the consumer from abuse

To find a Licensed Insolvency Trustee in your area:

Search the Licensed Insolvency Trustee database available on the Canada.ca website

Understanding the consumer proposal and bankruptcy process

There are a variety of possible solutions to your financial crisis. This section provides information about two formal solutions supervised by the Office of the Superintendent of Bankruptcy (OSB): the consumer proposal and the bankruptcy, which offer legislative protection under Canada’s Bankruptcy and Insolvency Act. Both solutions allow the honest, but unfortunate debtor to be discharged from most of their debts.

Regain control by finding the debt solution that makes sense for you.

  • Whether tax debt, credit card debt, payday loans & any other unsecured debt, we’re here to help.
  • We negotiate with the companies you owe money to for less than what you owe and arrange a monthly payment you can actually afford.
  • We will put a stop to collection calls, legal action, any interest or penalties you are paying, and any impact to your salary, so you can breathe a bit easier.

Request free advice from a Licensed Insolvency Trustee

Canadian laws allow you to have a fresh financial start.

Why wait? Take control of your debts now. The sooner you get started, the sooner you will leave debt and stress behind.

Book a Free Consultation