--- title: Debt relief in the Yukon date: 2025-04-16T12:23:00-04:00 canonical_url: "https://grantthorntonlimited.ca/en/locations/debt-relief-in-yukon" section: Pages --- # **Debt relief** in the Yukon Explore your debt relief options in the Yukon, Canada. [ Book your free consultation! ](https://grantthorntonlimited.ca/en/get-in-touch/contact-us) ![A graphic that includes an image of Emerald Lake in Whitehorse, Yukon and an image of a road and mountains in Haines Junction, Yukon.](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/_imageLarge/Yukon.png) ![Mean appearing on the screen of a laptop screen explaining the benefits of filing a consumer proposal](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Additional-imagery/_imageLarge/women-virtual-meeting.png) ## Doane Grant Thornton offers residents of the Yukon **judgment-free solutions** to their debt. As Licensed Insolvency Trustees and debt solutions professionals, we’re regulated by the federal government, meaning we’re the only professionals authorized to offer debt repayment solutions, like consumer proposals and bankruptcy. We provide free, no obligation consultations to help get you back on track with your finances. [Book your virtual consultation today!](https://grantthorntonlimited.ca/en/get-in-touch/contact-us) ## **Consumer proposals** in the Yukon. Consumer proposals are becoming one of the most popular debt management solutions for individuals struggling with debt in the Yukon. As an alternative to bankruptcy, a consumer proposal is a legally binding repayment agreement between you and your creditors. A Licensed Insolvency Trustee will negotiate on your behalf to settle your unsecured debt (credit cards, income tax debt, payday loans, etc.) into a single, interest-free payment. [ Learn more about consumer proposals. ](https://grantthorntonlimited.ca/en/consumer-proposal/what-is-a-consumer-proposal) ![A man holding his cell phone and smiling](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/_imageLarge/Media_2023-10-19-164222_slho.png) ![Image of a middle aged woman sitting on a couch with her laptop. She is researching how to file a bankruptcy in Canada. Around her image, illustrations of a calculator, numbers, a cheque and a lightbulb float.](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/_imageLarge/How-do-I-file-a-bankruptcy_2026-06-02-130927_nwno.png) ## **Filing for bankruptcy** in the Yukon. Personal bankruptcy is a common debt solution that allows you to clear almost all your debt, including income tax debt, credit card debt, overdue utility bills, lines of credit, and loans. Before you decide to file for bankruptcy, it’s important to consider all other debt repayment options. Your Licensed Insolvency Trustee (LIT) will help you decide if declaring bankruptcy is the best choice for you. [ Learn more about personal bankruptcy. ](https://grantthorntonlimited.ca/en/bankruptcy/what-is-bankruptcy) ## **What assets can I keep during bankruptcy in the Yukon?** In all provinces and territories, you can generally keep essential items up to a certain value—like necessary clothing and household goods, most retirement savings, Registered Disability savings plans, and most life insurance policies and pension plans. [Learn more detailed information about what assets you can keep in your province.](https://grantthorntonlimited.ca/en/debt-help-resources/articles/article-what-assets-can-i-keep-in-bankruptcy) **Exemptions specific to the Yukon include:** - The equity in your principal residence, up to $3,00 in value. - Household goods not exceeding $200 in value. - Medical and dental aids required by you and your dependents. - Enough food, fuel and other necessaries needed for you and your dependents over the next 12 months. - Tools of the trade (i.e., tools, equipment, books, computer), including livestock, up to $600 in value. - DPSPs (Deferred Profit-Sharing Plans), except contributions made within 12 months of filing bankruptcy. ## **Other debt relief options** available in the Yukon. *Please note these services are not offered by Licensed Insolvency Trustees.* - **Credit counselling:** Credit counselling is a nonprofit service that helps individuals who are struggling with their finances. Your credit counsellor can help you with budgeting, financial literacy or managing debt payments through a debt management or settlement plan. - **Debt consolidation:** Debt [consolidation loans](https://grantthorntonlimited.ca/en/debt-help-resources/articles/consolidation-loan-vs-consumer-proposal-whats-the-difference) are offered by lenders like banks and combine some or all your debt into a single monthly payment. Aside from reducing your number of bills, debt consolidation loans can also offer a lower interest rate. ## Our Licensed Insolvency Trustees for the **Yukon** Trusted, regulated, and knowledgeable debt solutions professionals ready to help. ### Karl Michael CPA, CIRP, LIT - [1 (250) 940-0679](tel:12509400679) - ![Portrait image of LIT Karl Michael](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/Karl-Michael.png) [ About Karl ](https://grantthorntonlimited.ca/en/about-us/our-team/karl-michael-about-me) ### Freida Richer CIRP, LIT - [1 (780) 442-1990](tel:17804421990) - ![Portrait image of LIT Freida Richer](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/Freida-Richer.png) [ About Freida ](https://grantthorntonlimited.ca/en/about-us/our-team/freida-richer-about-me) ### Braden Burritt CIRP, LIT - [1 (403) 260-2538](tel:14032602538) - ![Portrait image of LIT Braden Burritt](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/Braden-Burritt.png) [ About Braden ](https://grantthorntonlimited.ca/en/about-us/our-team/braden-burritt-about-me) ### Susan Methuen CIRP, LIT - [1 (780) 442-1984](tel:17804421984) - ![Portrait image of LIT Susan Methuen](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/Susan-Methuen.png) [ About Susan ](https://grantthorntonlimited.ca/en/about-us/our-team/susan-methuen-about-me) ## Hear from people we've ****helped:**** ### **You won't be disappointed!** I wasn't sure how the process of a consumer proposal or bankruptcy would go, but Doane Grant Thornton made the process of learning my options and progressing through my bankruptcy so easy! If you need assistance to get out of a financial jam and you're not sure how to get out, contact your nearest Doane Grant Thornton and you won't be disappointed! Thanks so much! — Jason W. (Langley, BC) ### **Can change your life in a matter of days.** It's always scary to make that call, especially when you have no one else to turn to, but the people at Doane Grant Thornton were amazing and can change your life in a matter of days. They are very professional, and they make sure that all your options are available with no pressure from them. They make sure that you make the decision that is in your best interest. I would definitely recommend them if you're struggling. — Pat S. (London, ON) ### **We all deserve a fresh start.** I would highly suggest seeking financial help from the good people over at Doane Grant Thornton, they were very helpful in getting the financial stress relief we so desperately needed in our family. No one wants to admit defeat, but we all deserve a fresh start and to be able to sleep at night without the worry of unmanageable debt whilst still trying to pay for the cost of living! So, reach out! You won’t regret it, we don’t! — Daniel T. (Kentville, NS) ### **There was no judgment, no lecture; just support and respect.** Don’t let your pride or fear of embarrassment prevent you from calling Doane Grant Thornton. I was ashamed that my finances got away from me. Right from the start the client representative I was working with put me at ease. There was no judgment, no lecture; just support and respect. The representative took the time to listen to my concerns and issues. In addition, there was no pressure to commit to them right on the spot. If you are struggling and need guidance, don’t let pride nor embarrassment prevent from calling them. I will definitely recommend them to others. — Bill M. (Thunder Bay, ON) ### **I have a huge weight removed from my shoulders.** They are very helpful right from the beginning with explaining what was best for me. Always there when I needed something, could e-mail and get a reply right away. If you are struggling with debt don’t be afraid to call them, it was the best call I ever made. I have a huge weight removed from my shoulders. — Mary S. (Woodstock, NB) ## **Take the first step** to debt freedom Speak to one of our debt solutions professionals during a free, no-obligation consultation. [ Book a free consultation ](https://grantthorntonlimited.ca/en/get-in-touch/contact-us)