Write off debt with Burlington consumer proposals

You could reduce your debt by up to 80% with a consumer proposal in Burlington.

  • Reduce your debt
  • Lower your bills
  • Keep your assets
  • Freeze interest
  • Stop collections
Check if you qualify

It only takes 30 seconds and it's free.

Free Your Finances with Burlington Consumer Proposals

Why file a consumer proposal in Burlington?

If you are living in Burlington, Ontario, and you are struggling with debt repayments, a consumer proposal can help you regain control of your finances by writing off up to 80% of your debt.

It’s a formal agreement between you and your creditors, where you reduce the amount you pay back and consolidate your unsecured debts into one affordable monthly payment with zero interest.

If you are interested in filing a consumer proposal in Burlington or would like some advice, connect with an experienced Licensed Insolvency Trustee today for a free consultation.

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How do Burlington consumer proposals work?

A consumer proposal lets you reduce your debt by repaying your creditors less than you owe, with the rest forgiven. You then make a monthly payment for the terms of your proposal.

Typically, you will only pay back a percentage of your debt. This can sometimes result in a debt reduction of up to 80%.

Interest is frozen, and collection calls, legal action and wage garnishments stop. You can protect all of your assets, and you will not lose your home, car or RRSP. At the end of your proposal, you are debt free.

How does a consumer proposal work?

Once approved, it is legally binding on all your creditors and provides legal protection, which means no more harassing phone calls, letters or wage garnishments.

A proposal is a government debt relief program that must be administered by a Licensed Insolvency Trustee (also known as a bankruptcy trustee), who acts as your consumer proposal administrator and negotiates with creditors on your behalf.

All trustees are licensed and regulated by the Office of the Superintendent of Bankruptcy Canada.

Connect with a qualified and experienced Licensed Insolvency Trustee in your area through our trustee network.

Get debt relief

Free consultation with a Licensed Insolvency Trustee by video, phone or in person.

  • Experienced trustees
  • Local offices
  • Personalized plan
  • No fees
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It only takes 30 seconds.

What debts can I include in a consumer proposal?

You can include unsecured debts in a consumer proposal, such as credit card debts, personal loans, payday loans, bank overdrafts, utility bills, tax debts and student loans. You must include all your unsecured debts in a consumer proposal.

A consumer proposal combines all your bills into one monthly payment.

The benefits of a consumer proposal

Here are the key benefits of a consumer proposal:

  • Write off up to 80% of your debts
  • Lower your monthly bills
  • Stop collection calls
  • Stop wage garnishments
  • Unfreeze your bank account
  • Freeze interest
  • Keep your assets
  • An alternative to bankruptcy.

How much does a consumer proposal cost?

You pay what you can afford. The amount will never change, even if your income increases. A Licensed Insolvency Trustee’s fees are paid from your consumer proposal at no additional cost to you.

As a bonus, you can pay off a consumer proposal early without penalty charges or interest.

Consumer proposal cost

Use our consumer proposal calculator to get an estimate.

Burlington debt relief

We’ve helped thousands of residents in Burlington resolve their debt problems. We can help you choose the best debt solution for you, such as:

Book your free no-obligation consultation today with a qualified and experienced Licensed Insolvency Trustee in Burlington.

Get debt relief

Free consultation with a Licensed Insolvency Trustee by video, phone or in person.

  • Experienced trustees
  • Local offices
  • Personalized plan
  • No fees
Get started

It only takes 30 seconds.

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More about a consumer proposal

  • How long does a consumer proposal last?

    It can last for up to 60 months, but you can choose how long and pay it off early if you’re able to.

  • Can a consumer proposal stop my wage garnishment?

    Yes, a consumer proposal stops most wage garnishments, and they can usually be stopped within a few hours of filing.

  • Will I lose my assets?

    A consumer proposal shouldn’t impact your assets. Things like your house, car and RRSP are protected.

Connect with a trustee

Schedule a free consultation from a Licensed Insolvency Trustee in Burlington.

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Dedicated Insolvency Trustee

Your Licensed Insolvency Trustee will answer any questions you may have and guide you through your options. Consultations are available by video, phone and in person.

File a consumer proposal in Burlington

Local office in Burlington

Your local Licensed Insolvency Trustee office in Burlington offers debt advice and tailored debt relief plans with convenient appointments to suit your schedule.

Become debt free with a consumer proposal

Become debt free

Stop harassing creditor calls and wage garnishments. Freeze interest, reduce your debt to an affordable level and start living again.

Get debt help

Schedule a free consultation with a Licensed Insolvency Trustee.

  • Experienced trustees
  • Local office
  • Personalized plan
  • No fees

No obligation and completely confidential.

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