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budgeting, consumer proposal, credit cards, personal finance, student loans

Was in an abusive relationship and owes $50,000

May 12, 2024 /

I’m 23 and I was in a long term abusive relationship that severely impacted my finances and put me in a terrible debt situation. I currently have just over $50k in debt, roughly $30k from a car loan that I was pressured into getting into, about $7500 in credit card debt and around $13k in personal loans. I am making around $2300 per month and once all my payments are made (rent, car, insurance, phone, loans, credit cards) I have about $185 left over to cover food, gas and other necessities. I have good credit, around 750. I’ve never missed a payment but soon it will get to the point…

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Victor Fong, CPA, Licensed Insolvency Trustee

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May 7, 2019
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Filing bankruptcy with gambling and substance abuse problems

October 8, 2019 /

A readers asks First and foremost I’m a gambling addict and also have problems with substance abuse. I have accumulated so much debt that I have fallen into a deep depression and I just beat myself up daily because I did it to myself. My debts: $3,000 of credit card debt, $11,000 line of credit, $11,000 in payday loans (the worst I know). I pay around $380 a month just on interest charges; pretty much my debts are not going away. I have personal loans from friends of $6.500 and a student loan of $5,000 – I haven’t made a payment since around 2008. I also have a payday loan…

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Victor Fong, CPA, Licensed Insolvency Trustee

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May 9, 2023

Fong & Partners Inc. - Consumer Proposal & Bankruptcy Trustee

5.0

Based on 69 reviews

review us on

kyle charlebois

15:31 08 Sep 22

Victor worked on helping me with my debt years back. He was very professional, easy to work with and always had time... for me when answering any of my question. I would like to say that i am debt free now and able to breath again. Thanks again Fong and Partners. I highly highly recommend working with them.read more

Thad Jackson

15:22 30 Aug 22

Fong and Partners worked with me to have a manageable solution to a big problem and were very understanding of any... situation that came up. I highly recommend them if you need help with a debt problem and are considering a consumer proposal! Victor is the best.read more

ike quinto

18:18 19 Aug 22

Fong and Partners have been very helpful. My mother was very satisfied with their services. Fast, efficient and with... great care. Would highly recommend them.Thank you very much Victor 😊read more

CECILIAH THUKU

00:12 25 Apr 22

Courteous, professional team. Responds to emails and phones promptly and are always ready to help and answer questions.... Very patient and willing to work and accommodate requests given in advance-reasonable.read more

Rob Sinclaire

20:57 13 Apr 22

I had strong reservations regarding declaring bankruptcy and was encouraged to reach out to seek advice from a trustee.... Victor was amazing and patiently explained the process as well as all my subsequent questions and concerns. He was there with me through the whole process as I made my decision to proceed, and all the different steps over the months leading to my discharge. I highly recommend his services and thank him for assisting me to be now debt free, which feels like a new beginning and a new life.read more

Jameson Labuguen

17:56 14 Jan 22

Victor is very knowledgeable and treats his clients with care. I recommend anybody looking for his services to talk to... him. He is great at what he does, and will hold your hand throughout the process.read more

messara ng

20:00 23 Oct 21

Before talking to Victor, I contacted two other trustees and none of them could provide the information that I needed.... Victor was professional and very helpful. He explained and guided me through the tricky process, and all steps went well and smoothly. I would recommend him and his team without any hesitation.read more

John Smith

00:33 23 Sep 21

Extremely informative and helpful service, and very quick to respond too. Thank you for your help, Victor.

Jack Murphy

22:37 20 Apr 21

Victor made the entire process super easy and low stress. I just wish I knew about him sooner.

Ursula Purvis

19:51 04 Jun 20

Being free of this large and daunting debt wasn’t something we thought was attainable 5 years ago but with the kind and... professional help of Victor and Mary, we are officially debt free today! We are beyond grateful and highly recommend them if you are looking for a stress free and reliable help in becoming debt free!read more

Sarah A Maezing

13:41 01 Jun 20

I wish I could give Victor 100 freaking stars!!!He is an intelligent professional with an awesome heart. He was very... helpful with advice and explained processes in a way that was stress free and easy to understand. If you need help with finances, stop looking and hire this man!read more

Beruk Abdisa

18:35 28 May 20

They helped me get my debts resolved, they are very good and I would recommend them to anyone and everyone. Thank you

Darwin Palma

00:56 28 Apr 20

I have only good words to say about Fong & Partners, Inc. From the very beginning they were very helpful, very patient... and supportive, and also very straightforward about the process. I'm very glad to have had them by my side through this ordeal.read more

Shah Ahsan

17:36 08 Apr 20

Victor is a professional, honest and transparent insolvency trustee that has handled my case very well from start to... finish. Throughout the process, he has been reliable and communicative. I cannot thank him enough for his help in rehabilitating my previously dire financial situation.read more

Jason Gittens

19:19 26 Feb 20

Kind understanding people, very professional and were able to make the whole process really easy and convenient. I... highly recommend them. I likely won't be a return customer, and thats a good thing here. But if i ever had any family or friends who needed their help and expertise, i would not hesitate to recommend Fong and partners, thank you!read more

A. Brown

13:12 05 Feb 20

A family member had been having some debt problems, and I took her in to see Victor, after having read other google... reviews. He was very prompt in replying to my initial email inquiry and slotted us in for the next day. After reviewing all of her financial information, he concluded that it would not be in her best interest to file for bankruptcy. That really impressed me, because he does not make a dime telling us that. He could easily have gone ahead and started a bankruptcy for her and earned himself some fees, but he instead advised her on a course of action that would be most beneficial to her. You don't always see that level of honesty and integrity in the marketplace these days. Thanks, Victor.read more

Balazs Bagi

16:41 22 Jan 20

Went and visiting Vic at his office, and he was able to help me take a closer look at my situation. His advice helped... me understand that I'm in better shape than I thought, but if I ever needed help with a proposal or bankruptcy, I wouldn't hesitate to come back and work with Fong & Partners. Thanks Vic!read more

Steve Brown

15:30 09 Jan 20

Victor and Mary are great to work with. They always respond quickly to questions by email. They are very professional... and not at all judgmental. They took all the stress away and provide good financial advice.read more

Sara Liborio

19:06 08 Jan 20

I was dealing with a lot of debt on my own. I was very proud of my credit score it had been very high for many years.... It was a sense of pride to keep it in good standings. One day, feeling weighed down by this crippling debt, (most of which was not even mine) I knew I needed help. Personally, I did not feel well in claiming Bankruptcy, I wanted to take ownership of the debt but I knew it was so overwhelming and I needed help. My cousin told me about Fong and Partners. I read a few reviews and made an appointment. It was very comprehensive, Mary and Victor were very kind and reassuring. I made a 5 year payment plan that was easy enough to maintain and here we are! I am debt free! I am very grateful for the support I received at Fong and Partners and look forward to living a life as debt free as possible and rebuilding my credit score! Thank you very much Fong and Partners!read more

Mike Ross

17:38 25 Nov 19

My wife and I are contemplating filing for bankruptcy but wanted to know all of our options so we could make an... informed decision. Victor was very insightful and answered all of our questions. You're in good hands with Victor Fong.read more

shokofeh rezai

18:05 20 Nov 19

If your debts are stressing you out and you need a way out Fong and Partners should be your go to. Victor has been... helpful and patient. He will provide you with the best possible solutions to get out of your debts. Highly recommended.read more

Phillip Tanner

17:36 14 Oct 19

Vic really knows his stuff, he was able to clearly explain what I needed to do and what my options were and how to... navigate all the paths. Gave me a lot of peace of mind.read more

Péter Zoltán

08:11 21 Sep 19

In a desperate time he shows professionalism in explaining everything meticulously and if needed once more and once... more and once more... But what I appreciate even more is that years after the discharge he still helps in case of emergency - i just got a collection note of a discharged item, and he answered my help request within 25 minutes!!! You can trust himread more

Humayun N. Khan

02:51 20 Sep 19

It is very difficult to discuss financials with somebody, especially when a family is in a troubled time. It is during... these vulnerable times that Victor came forward and offered to help in every way he could. He is a service to the whole community and answers all questions honestly, openly, and gives the right guidance. He gave the pros and cons of our situation, and just speaking with him with his prompt replies made us feel at ease and see light at the end of the tunnel. While we're based in Alberta, and Victor in Toronto, he has full knowledge of laws in all of Canada and provided us a referral to someone that can help and that has worked with him. We firmly believe that Victor is not in this business solely to make money; he gets pleasure out of helping people, guiding people, and solving people's problems. A sincere thank you, Victor!read more

Caitlin O'Leary

16:52 16 Sep 19

I couldn't be happier. Victor and his team have been very supportive, helpful and flexible throughout my contract. I... am thrilled to now be debt free!read more

Patrick Dingli

02:18 31 May 19

Victor was a huge help in a time of need.If you’re in need of his services. He won’t let you down.

Heather Whittle

14:03 16 May 19

I had the pleasure of working with Victor Fong for a number of years. Extremely professional, non-judgmental and... sympathetic. One of the best in the business! I recommend Victor above all others to help you get a fresh financial start! All the best Victor!read more

Kamila Nachtmann

22:25 10 Oct 18

Going through financial troubles and bankruptcy is emotionally draining. Victor and Mary are professional,... understanding and very helpful. They make you feel comfortable. So important to know you are in good hands. Very helpful and responsive, even long after the file is closed. Such a heavy weight lifted to be able to start fresh! I can't thank them enough!!! If you need help , do not look anywhere else.read more

More reviews

student loans

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