Business Details
20 Years
experience
Trusted Debt Solutions in Sudbury
Reynolds & Associates has been empowering individuals and businesses to achieve financial freedom for over 20 years. Founded in 2006, our team of Licensed Insolvency Trustees specializes in debt solutions including consumer proposals, debt consolidation, and bankruptcy services. We operate under strict federal licensing, ensuring all solutions comply with Canadian insolvency laws while prioritizing client needs. Our approach combines personalized financial analysis with transparent communication, helping clients reduce debt by up to 90% through interest-free, legally binding agreements.With offices in Sudbury, North Bay, Espanola, and Sault Ste. Marie, we serve both personal and business clients facing financial challenges. Our process eliminates upfront fees, provides legal protection from creditors, and guarantees no follow-up obligations after debt resolution. Backed by decades of combined experience, our team focuses on delivering ethical, client-centered solutions that restore financial stability and peace of mind.
Services
Debt Consolidation
Consumer Proposals
Bankruptcy Services
Business Solutions
Credit Counseling
Details
- Year established: 2006
Highlights and features
- We offer 20+ years of experience in debt resolution services
- Our team includes federally licensed insolvency professionals
- No upfront fees required for debt settlement processes
- Personalized solutions tailored to individual financial situations
- Legal protection from creditors during debt negotiation
Associations and certifications
- Licensed Insolvency Trustees (LIT)
What people say
Extremely knowledgeable
Professional team
Life-changing results
Transparent process
Compassionate support
Services
Debt Consolidation
Our debt consolidation service combines multiple debts into a single payment with reduced interest rates. This solution helps clients simplify payments while reducing overall debt burden through negotiated terms with creditors. Available for credit cards, loans, and tax debts.
Consumer Proposals
We facilitate legally binding consumer proposals that reduce debt by up to 80% while protecting assets. This court-supervised process stops wage garnishments and provides structured repayment plans tailored to individual financial capabilities over 3-5 years.
Bankruptcy Services
Our licensed professionals guide clients through bankruptcy proceedings as a last-resort solution. We ensure compliance with federal regulations while helping individuals discharge unmanageable debts and rebuild financial stability through mandatory counseling sessions.
Business Solutions
We specialize in business debt restructuring and commercial proposals to prevent bankruptcy. Our services include CRA debt negotiation, HST/source deduction management, and creditor protection strategies for companies facing financial distress.
Credit Counseling
Our certified counselors provide personalized financial assessments and budgeting strategies. This service helps clients understand debt causes, develop repayment plans, and implement long-term financial management practices to prevent future debt accumulation.
People
David Reynolds
President
With 30+ years in insolvency, David founded Reynolds & Associates in 2005 after working with major firms. He specializes in debt solutions and holds CIRP/LIT designations, focusing on personalized client support and legal debt restructuring.
Vanessa Labelle
Senior Estate Manager
Vanessa has over a decade of insolvency experience, serving as a certified administrator and credit counselor. She manages office operations while pursuing her Licensed Insolvency Trustee designation, combining technical expertise with community service involvement.
Janice Labine
Insolvency Administrator
Janice brings 21 years of financial sector experience, specializing in tax preparation and credit counseling. Certified in insolvency counseling, she focuses on compassionate client support during financial recovery processes.
Penny Breadner
Administrator
Penny manages administrative operations at our Sudbury office, combining attention to detail with community-focused service. She plays a key role in client intake processes and office management since joining in 2019.
Elena Orlova
Administrator
Elena manages our Sault Ste. Marie office with a background in accounting and marketing. Currently completing insolvency counselor training, she combines business expertise with compassionate support for clients facing financial challenges.
Questions
What debt solutions do you offer?
We provide consumer proposals, debt consolidation, bankruptcy services, and business debt restructuring tailored to individual financial situations.
Are your services free?
Our initial consultation is free, and we guarantee no upfront fees for debt settlement processes.
How does a consumer proposal work?
A consumer proposal legally reduces debt by up to 80% through negotiated payments over 3-5 years while protecting your assets.
Can you help businesses with debt?
Yes, we specialize in corporate debt restructuring, CRA debt negotiation, and creditor protection strategies for businesses.
What are your office hours?
Our offices operate Monday-Friday 9am-5pm with evening/weekend appointments available upon request.
Reviews (2)
Alexandria Martin
Oct 11, 2021
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Positive:Professionalism
Incredible and very personable experience with David Reynolds, he helped me tremendously and relieved so much stress.
Incredible and very personable experience with David Reynolds, he helped me tremendously and relieved so much stress.
Adam Pal
Nov 05, 2020
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Positive:Professionalism,Quality,Responsiveness,Value
They are excellent for debt counselling and bankruptcy help in Ontario. I'm very thankful.
They are excellent for debt counselling and bankruptcy help in Ontario. I'm very thankful.