What David Sklar & Associates does

David Sklar & Associates Inc. is a privately held, family-owned Licensed Insolvency Trustee (LIT) firm headquartered in Toronto, Ontario, founded by David Sklar in 1998. The firm operates 22 offices across Ontario serving 33 communities, making it one of the largest LIT networks in the province. It is federally regulated by the Office of the Superintendent of Bankruptcy (OSB) and is the only category of professional legally authorized to administer consumer proposals and personal bankruptcies in Canada.

The firm's core products are consumer proposals, personal bankruptcy, debt consolidation guidance, and credit counselling, supplemented by an interactive online Debt Calculator tool. Consumer proposals are positioned as the primary alternative to bankruptcy, allowing clients to consolidate unsecured debt into one monthly payment, reduce balances by up to 80 percent, stop interest accrual and wage garnishments, and retain assets including homes and vehicles. Services are delivered by Licensed Insolvency Trustees and Certified Insolvency Counsellors through in-person consultations at office locations, as well as phone and video consultations reachable via a centralized 1-844-962-9200 line. There is no proprietary technology platform; service delivery is people-led and office-based.

The business model is professional services fee-based, with revenues derived from OSB-regulated fees on administered consumer proposals and bankruptcies, plus fees for credit counselling. Initial consultations are free with no obligation, and there are no upfront fees for clients. The firm has no external investment, no parent company, and no disclosed funding rounds. Its go-to-market is sales-led and inside-sales-driven, supported by an extensive content marketing operation including an SEO-optimized blog, the David Sklar Podcast, social media presence across major platforms including TikTok, video testimonials, and a CP24 television appearance. Brand reputation is evidenced by over 5,000 combined 4.9-star reviews on Google and TrustPilot.

Name

David Sklar & Associates

Legal name

David Sklar & Associates Inc.

Website

https://davidsklar.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

David Sklar & Associates is a family-owned Licensed Insolvency Trustee firm founded in 1998 that serves Ontario residents with consumer proposals, personal bankruptcy, debt consolidation guidance, and credit counselling across 22 office locations.

Ownership category

akta.pro rank

Product category

Debt Relief Services

NAICS

Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Insolvency & Turnaround Advisory (SME/Mid-Market Debtor-Side) (FSAEAFAK)

akta.pro secondary industry

Multi-Loan / Multi-Creditor Consolidation Loans (FSAKAIAD)

Keywords

• Debt relief services
• Consumer proposals
• Personal bankruptcy
• Credit counselling
• Licensed insolvency trustee

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Insolvency Administration Services: Fees for administering consumer proposals and bankruptcies, regulated by the Office of the Superintendent of Bankruptcy (OSB). These fees are governed by federal regulations and paid from the bankruptcy estate or proposal payments.
2. Credit Counselling: Fees for financial counselling and guidance services provided alongside formal insolvency proceedings.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

David Sklar & Associates is a federally regulated Licensed Insolvency Trustee firm that administers consumer proposals and personal bankruptcies for Ontario residents overwhelmed by unsecured debt. The firm also provides credit counselling and debt consolidation guidance, helping individuals stop wage garnishments, collection calls, and interest charges while reducing unsecured debt through legally binding settlement processes.

Product overview

David Sklar & Associates is a family-owned Licensed Insolvency Trustee firm serving Ontario since 1998. The company offers a portfolio of regulated debt relief services including Consumer Proposals (a federally regulated program that consolidates and reduces unsecured debt), Personal Bankruptcy, Debt Consolidation Guidance, and Credit Counselling. These services are delivered through a network of 22 offices across Ontario, supported by an interactive Debt Calculator tool. The Consumer Proposal serves as the primary alternative to bankruptcy, while the Bankruptcy service provides a legal pathway for those unable to repay unsecured debts. The Credit Counselling and Debt Consolidation Guidance services complement the core offerings by providing financial education and alternative debt management strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Proposal A legally binding debt settlement process governed by the Bankruptcy and Insolvency Act and administered by a Licensed Insolvency Trustee. It allows eligible Canadians to reduce unsecured debt by up to 80%, stop interest charges, stop wage garnishments, and make one affordable monthly payment while retaining assets including homes and vehicles.
• Personal Bankruptcy A legal debt solution for individuals who cannot afford to repay their unsecured debts. It eliminates most unsecured debts, stops interest and collection calls, stops wage garnishments, and provides legal protection from creditors through a government regulated process filed through a Licensed Insolvency Trustee.
• Debt Consolidation Guidance Guidance from a Licensed Insolvency Trustee firm that helps people explore legal debt relief options when a new consolidation loan may not be the right fit. The firm does not offer debt consolidation loans but provides direction on alternatives such as consumer proposals.
• Credit Counselling Financial guidance and strategies to help individuals take control of their finances. Includes budget review, exploration of debt relief options, and skills for building lasting financial stability, delivered by certified insolvency counsellors.
• Debt Calculator An interactive online tool that allows users to calculate potential savings by comparing consumer proposal scenarios against debt consolidation loans and doing nothing over a 5-year period.

Quantifiable outcome

• Consumer proposals can reduce unsecured debt by up to 80%
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bromwich+Smith: Canadian Licensed Insolvency Trustee firm focused exclusively on consumer debt relief with offices in multiple provinces, including Ontario.
• Farber Financial Solutions (Farber Group): Canadian financial advisory firm with a dedicated LIT practice offering consumer proposals, bankruptcy, and debt counselling services in Ontario and other provinces.
• Cooper Taylor LLP: Canadian Licensed Insolvency Trustee firm offering consumer proposal, bankruptcy, and debt counselling services across multiple Ontario offices.
• D&A MacLeod & Company: Ontario-based Licensed Insolvency Trustee firm providing consumer proposals, personal bankruptcy, and credit counselling across the Greater Toronto Area and surrounding regions.
• Bankruptcy Canada: Canadian referral-and-administration LIT network connecting consumers to LIT services, including consumer proposals and personal bankruptcies across Canadian provinces.
• Sands & Associates: Ontario-based Licensed Insolvency Trustee firm providing consumer proposals, bankruptcy, and credit counselling across multiple Ontario communities — directly comparable in service mix and geography.
• Harris & Partners Inc. Ontario-based Licensed Insolvency Trustee firm delivering personal debt-relief services including consumer proposals and bankruptcies within the same regulatory and competitive set as David Sklar.
• BDO Canada: National Canadian accounting and advisory firm with a significant consumer insolvency and LIT practice competing directly with David Sklar for Ontario consumer proposals and bankruptcy engagements.
• MNP LLP: Large Canadian accounting and debt advisory firm with one of the country's largest Licensed Insolvency Trustee practices and a national network of debt-relief offices.

Broad incumbents

• Grant Thornton Canada: National accounting and advisory firm with an insolvency and restructuring practice that includes consumer LIT services alongside broader corporate restructuring work.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/torontotrustee
• YouTubeyoutube.com/user/TorontoTrustee
• Facebookfacebook.com/DavidSklarandAssociates
• LinkedInlinkedin.com/company/torontotrustee
• Instagraminstagram.com/torontotrustee
• TikToktiktok.com/@davidsklar.com

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about David Sklar & Associates