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Maria Rickard & Associates Inc. 

 Licensed Insolvency Trustee WITH OFFICES IN ToRonto & SAULTE Ste. MARIE

Don’t leave your financial future to chance. Enlist the help of an experienced, licensed insolvency trustee in Toronto and get your finances back on track. Choose Maria Rickard & Associates Inc, serving clients across the GTA and in Sault Ste. Marie.

Is Bankruptcy Is Your Solution…

Many potential bankrupts have very little knowledge of the significance and implication of the bankruptcy process. The purpose of this website is to explain in simple terms the duties, restrictions, and responsibilities imposed on a bankrupt.

What Is Bankruptcy?

It is a legal process that provides immediate relief to an overburdened debtor by halting legal actions by creditors (garnishments, seizures, lawsuits, etc.); afterwards, it results in eliminating the majority, if not all, of the debts.

While the bankrupt may normally keep furniture, clothing and personal effects, the assets exceeding provincial exemptions will have to be turned over to the trustee who will realize on them and distribute the proceeds among the creditors. (Ontario Exemption values – Furniture - $10,000 and Personal Effects - $5,000, Vehicle - $5650.00, and Tools of the Trade - $10,000)

The process is intended to provide financial rehabilitation for the debtor and a new start in life.

So, A Consumer Proposal Is Your Solution…

What Is A Consumer Proposal?

It is a legal process which allows you to make a settlement offer to your creditors. If your creditors accept the offer, then you and your creditors are bound by the agreement. In a Proposal, since you are offering a settlement and not asking for debt forgiveness, any assets that are in your name remain with you, the trustee does not take any possession of assets.

Call Us!

Call Maria Rickard & Associates Inc, bankruptcy trustee in Toronto and Sault Ste. Marie. Get your free consultation today.

How We're Different

How We’re Different

We take the time to assess your unique needs

Avoid bankruptcy with a consumer proposal

Need Debt Counselling?

Avoid bankruptcy with a consumer proposal

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Our Reputation

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Professional Affiliations

We Specialize in helping individuals

  • Bankruptcies 
  • Insolvency
  • Debt Consolidation
  • Consumer Proposals


1351 Dundas St. W, 

Toronto, ON, M6J 1Y3

Phone: 416-534-2777

Fax: 416-534-5605


Hours:  Monday – Friday: 9:00 AM – 5:00 PM

Closed Saturday and Sunday


123 March Street, Suite 407

Sault Ste. Marie, ON, P6A 2Z5

Phone: 705-942-1069

Fax: 705-942-3210


Hours: Monday – Friday: 9:30 AM – 4:30 PM

Closed Saturday and Sunday


  • Toronto
  • Greater Toronto Area
  • Sault Ste. Marie
  • Surrounding Areas


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