Local- 416-204-0158
Toll free- 1-877-273-0784

Avoid Bankruptcy! You have options!

There are ways to avoid Bankruptcy. You have options. Learn about your bankruptcy alternatives!

At Debt Free Living, we offer you a variety of options and alternatives to help you avoid bankruptcy and get out of debt. Having financial trouble doesn’t mean you have to file for bankruptcy.

How can we help you avoid bankruptcy? We start by compiling your budget.

Monthly Budget

Prior to making a decision as to how to proceed; we will sit down with you for a free consultation and review your monthly family budget. Your budget will help us outline your options. Improving your monthly cash help you avoid bankruptcy and get out of deb.

Click Here – to subscribe in the best budgeting tool ever created

Here are some of the alternatives to filing bankruptcy in order of preference that will be based on your current financial reality.

Become Debt Free on $10 per day is a feasible option

If we can bring a balance to your budget and find a minimum of $5 or more in savings per day, you are on your way to get out of debt in record time. We will personalize a debt elimination (not a debt consolidation) plan that details various strategies we recommend that you follow.

Click here – for more detail on how our debt elimination plan would help you get out debt.

Debt Consolidation

Many people think they can get out of debt by taking low interest rate loan to consolidate two or more debts. If you are a disciplined borrower, debt consolidation will work for you; go ahead and do it. Repeat debt consolidation loans will deplete your cash flow and eat up home equity if you are a homeowner.

Click here for more detail on why debt consolidation often fails.

Consumer Proposal

If you simply cannot balance your monthly budget and meet all of your debt obligations, a Proposal to your creditors may be an option to avoid bankruptcy. Consumer proposal allows you to make payments to your creditors based on your ability to repay your debt. Consumer proposal helps you avoid bankruptcy.

Consumer proposal option also:0

  • stops interest charges
  • stops garnishment
  • and allows you to only pay a portion of your total debt.

Click here for more detail on how consumer proposal works.

Debt Settlement

If we can bring a balance to your budget and you have few delinquent credit accounts; we can help you avoid bankruptcy by making a settlement to your creditors.

Debt settlement deals with unsecured credit only. Debt Settlement may be negotiated by yourself or by a third party. Debt settlement will reduce harassment from creditors’. Debt settlement involves paying 30% to 70% of your delinquent debt. Full disclosure of your financial affairs is required by your creditors. Based on that disclosure, creditors then determine the settlement amount.

We can help you do the debt settlement yourself. We will give the tool and tell how to do it. if you can afford to make a settlement to your creditors, debt settlement helps0 you avoid bankruptcy.

Click here – for more detail on how debt settlement works.

Credit Counseling

If you can bring a balance to your budget; Credit counseling can help you avoid bankruptcy. there many good ethical credit counseling organization make sure you engage one. Almost  50% of the people who enroll in credit counseling end up filing for bankruptcy.

Click here – for more detail on how Credit counseling works.


If you only have enough income each month to pay your basic living expenses, then Personal Bankruptcy may be your best option. Bankruptcy erases unsecured credit only. Bankruptcy should be taken lightly.
Click here – for more detail on how Bankruptcy works.


Get a Free Financial Assessment

Please enter the code as shown below



September 26 2007 – We came to you as first time buyers with some consumer debts after our bank gave the running around, seeking mortgage, we got home with far beyond that. Not only had you secured us an approval within 24 hours, you gave us the best rate at the time, and long lasting debt management help that has saved us considerable money and widened our smile; you helped changing our lives to the better.
Walid Bechara & Farah Dbouk
August 25 2006 – George provided excellent service as our Mortgage Broker, he was friendly, flexible and able to handle what was potentially a problematic situation. He always offered sound advice and had our best interests in mind at all time. I would highly recommend him.
Grant Pennell - Inside Sales Manager
September 19 2007 – Based on the information he provided we were able to choose a strategy that was best suited to our situation and constraints. As such, he showed us how to use discipline and pay off our debts to then build and emergency fund and to invest our savings in vehicles I would not have come across talking to my banker. He taught me about tax savings and leveraging existing rules to increase my retirement fund using money the government would have simply kept to himself!
Andras Kovats
December 22, 2005 – We would recommend George Kaadi and his firm of experts with extremely high regard and confidence to our closest friends and family members. We only wish we had been introduced sooner, as we know George would have helped us to make better decisions about our future financial plans.
Bruce and Joanne H.
November 14 2007 I just wanted to say thank you for all the help that you provided my husband and I for our refinancing when we were having problems getting information from our bank for the same. Your knowledge and understanding of finances helped us to make the right decisions regarding our financial situation and living is now bearable and we can see light at the end of the tunnel after only a few short months, which is certainly not what the bank was helping us to do. We appreciate all th…
S. and J. McKenzie