Canada’s Trusted Debt Relief Law Firm

We’re a Canadian debt law firm specializing in negotiation, restructuring, and consumer proposals.
Unlike trustees who work for creditors, we work for you.

Want to know how much debt we can reduce for you?

Answer a few quick questions to see what legal debt relief options may be available to you.

Why Metus Lykos?

We reduce your debt, not your dignity

Debt is stressful, but getting help shouldn’t be. As a Canadian debt relief law firm, we negotiate directly with trustees and creditors to reduce your total debt, often by a substantial percentage. Our goal is simple: help you breathe again.

We speak your situation, not legal jargon

Debt conversations are emotional. We know that. So we explain everything clearly, simply, and without judgment — so you always understand your options and feel confident in every decision.

Real debt help for Canadians across four provinces

Whether you’re a business owner facing serious commercial debt or an individual overwhelmed by credit cards or loans, we offer legal debt solutions across Ontario, Alberta, British Columbia, and Saskatchewan.

Feeling overwhelmed by debt? You’re not alone, and you’re not stuck.

Most clients come to us feeling:

Worried about collections, garnishments, or creditor calls
Unsure of their options
Embarrassed or ashamed
Afraid of losing their home or business
Overwhelmed by unclear information online

You deserve a fresh start — and a team that fights for it.
Find out your best option in 30 seconds.

We're on this journey with you.

Helping Canadians Solve Financial Problems

At Metus Lykos, we blend legal expertise with an approachable, supportive style. We’re here to give you structure, relief, and confidence.

Debt Law Expertise

We practise exclusively in debt law — from personal insolvency matters to complex business restructuring.

Personalized Debt Solutions

Every case is different. We negotiate directly with trustees and creditors to secure the largest possible reductions while protecting your financial integrity.

Long-Term Financial Relief

We don’t just reduce debt. We help rebuild stability — restoring credit, protecting assets, and ensuring peace of mind for the long term.

Licensed under Ontario's Law Society

Unsure if we can help you? Call us for clarity.

We explain every option in plain language and guide you through every step until your debt is fully resolved.

Who We Help:
Business owners facing commercial debt
Individuals with credit card, line of credit, or unsecured debt
Companies with $250,000+ in debt needing restructuring (Division 1)
Families looking for real debt relief solutions

We reduce your debt. Not your dignity.

Canadian Debt Relief Services Tailored to Your Situation

Metus Lykos was built on the belief that no one should face debt alone. We take the time to understand your unique situation, explain your options in plain language, and guide you through each step with care. Our mission is to protect your rights, reduce your stress, and help you regain control of your financial future.

Consumer Proposals (Bankruptcy & Insolvency)

A Consumer Proposal is a 5-year legal repayment plan that helps you:

Repay only a portion of what you owe
Stop all interest
Stop all wage garnishments
Keep your home, car, and assets
Get full legal protection from creditors

Perfect for individuals who want a structured, safe debt relief solution.

Debt Settlement

Settle debt through direct negotiation — often for far less

Debt Settlement lets us negotiate one-on-one with creditors to reduce your total balance. This option is:

Faster than a Consumer Proposal
Less invasive
Less damaging to your credit than bankruptcy
Effective for credit cards, lines of credit, loans, and collections

Division 1 Business Restructuring

For businesses with over $250,000 in debt, we help small and mid-sized businesses restructure through Division 1 proposals, allowing you to:

Reduce business debt
Improve cash flow
Avoid bankruptcy
Protect operations, employees, and reputation
Make your business viable again

Our 6 Step Debt Relief Process Works

Reviewing Financials

Review your financial statements, to begin to devise an effective approach, with the goal of effectively presenting the severity of your situation to creditors.

Collecting Documents

Start collecting your documents to support your case (i.e. pay and EI stubs, T4 slips, records of employment, etc.).

Determining Offer

Determine what you are able to offer your creditors to satisfy your accounts.

Approach Creditors

Start negotiations by presenting your case in a respectful but firm manner, seeking to enhance your bargaining position.

Successful Negotiations

After successful negotiations and payment of funds to your creditors, we will demand formal release letters recognizing the settlements. We provide guidance on how credit reporting may be impacted and what steps may support long-term financial recovery.

Your Future

We continue to provide guidance as you move forward, helping you understand your obligations and financial responsibilities under your chosen solution.

Frequently Asked Questions About Debt Relief in Canada

What is a Consumer Proposal and how does it work?

A Consumer Proposal is a legal, government-regulated debt relief program that allows you to repay only a portion of what you owe over a period of up to 5 years.
It is filed under the Bankruptcy and Insolvency Act and gives you immediate protection from:

Collection calls
Wage garnishments
Interest charges
Creditor lawsuits

A proposal is ideal if:

You want a structured plan
You want to protect your home, car, and assets
You want a safer alternative to bankruptcy
You want predictable, manageable monthly payments

At Metus Lykos, our lawyers handle everything — negotiations, paperwork, filing, and communication with trustees — so the process feels simple and stress-free.

Is a Consumer Proposal really a government debt relief program?

Yes. A Consumer Proposal is one of the only government-approved debt reduction programs in Canada.
The Office of the Superintendent of Bankruptcy (OSB) oversees the process to ensure transparency and fairness.

Unlike debt consultants or call-centre “debt relief companies,” a Consumer Proposal offers:

Full legal protection
Frozen interest
Debt reduction
A guaranteed end date
Protection of your assets

This is why it is one of the safest, most reliable forms of debt relief.

How is a Consumer Proposal different from bankruptcy?

A Consumer Proposal is fundamentally different — and often much better — than filing bankruptcy.

Consumer Proposal:

Bankruptcy:

You may lose certain assets
You must report monthly income
Surplus income payments may apply
Greater long-term credit impact
More oversight

At Metus Lykos, bankruptcy is never our first option — it’s a last resort.
We focus on finding the least invasive, most protective solution for you.

What is Debt Settlement and how does it help me?

Debt Settlement is a faster, more flexible option where we negotiate directly with your creditors to reduce the amount you owe — often by a significant percentage.

It’s ideal if you want to:

Avoid a long formal process
Settle specific debts (credit card, loans, collections)
Protect your credit better than bankruptcy
Resolve debts faster

Debt Settlement is especially helpful for clients who want immediate relief without committing to a 5-year proposal. It can be resolved faster if you haven't been contributing to paying off your debts. For example, if you have just left your debts alone and haven't paid your minimums, debt settlement may be the better option for you.

Metus Lykos handles all negotiations for you, ensuring creditors take your case seriously because we are a law firm — not a call-centre settlement company.

Can you help businesses with large debt?

Yes. We specialize in Business Restructuring and Division 1 Proposals for companies owing $250,000 or more.

We help business owners:

Instead of closing the business or losing everything, a restructuring allows you to stabilize, rebuild, and continue operating with dignity.

How much debt do I need to qualify for your services?

Most people qualify with $10,000 or more in unsecured debt.
You may benefit from our services if you owe:

For businesses, we help with debts of $250,000+ through formal restructuring programs.

If you're not sure whether you qualify, take our 30-second Debt Relief Quiz — it will point you in the right direction immediately.

Will a Consumer Proposal or Debt Settlement hurt my credit?

Short-term: Yes, your credit rating will show the proposal or negotiated settlement.
Long-term: It is usually much better than doing nothing.

Why?

Collections stop
Lawsuits stop
Interest freezes
Debt becomes manageable
You rebuild credit faster than bankruptcy

Most clients begin rebuilding their score as soon as they start their proposal or settlement.

Are you licensed and regulated?

Metus Lykos provides legal services through lawyers licensed by the Law Society of Ontario. Where required, insolvency proceedings under the Bankruptcy and Insolvency Act are administered by a Licensed Insolvency Trustee, as required by federal law.

What’s the fastest way to know which option I qualify for?

Take the 30-Second Debt Relief Quiz.
It provides general information about potential legal options that may be available based on your responses:

Debt Settlement
Consumer Proposal
Business Restructuring
Bankruptcy alternatives
Tax debt solutions

100% confidential.

Start the Quiz →

Take the First Step Toward Financial Freedom

We’ll assess your situation, explain your options, and build a plan that helps you pay less and rebuild faster.