Wipe out debt with a consumer proposal in Oshawa

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

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

It only takes 30 seconds and it's free.

Free your finances with a consumer proposal in Oshawa.

Why file a consumer proposal in Oshawa?

If you are heavily in debt and have trouble making your payments on time, a consumer proposal in Oshawa, Ontario, can help you by wiping out up to 80% of your debt.

It’s a legal agreement between you and your creditors where you consolidate your unsecured debts and pay reduced monthly payments with zero interest.

The benefits of a consumer proposal:

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

If you are interested in filing a consumer proposal in Oshawa, contact an experienced Licensed Insolvency Trustee today for a free consultation.

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How do Oshawa consumer proposals work?

A consumer proposal lets you resolve financial problems legally by repaying your creditors less than you owe, with the remaining balance forgiven. Typically, you can reduce your debt by up to 80%.

Think of it as a form of debt consolidation with no interest rate. You make a single monthly payment, and at the end of your proposal, you are debt free.

You can include most unsecured debts, like credit cards, loan debt, student loans, overdrafts, payday loans, utility bills and tax debts.

Once approved, legal action and wage garnishments stop, and you will no longer receive harassing creditor calls.

Your assets are protected in a consumer proposal because the offer is always higher than the value of your assets. You will not lose your home, car or investments.

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

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

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

Contact an experienced Licensed Insolvency Trustee in Oshawa to get started. Your consultation is free.

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.

How much does a consumer proposal cost?

With a consumer proposal, you pay what you can afford based on your financial situation.

The fees for a Licensed Insolvency Trustee are included in the proposal, so there is no extra cost to you. You can pay off a consumer proposal early without any penalties or interest.

Try our consumer proposal calculator to find out how much you might pay.

Consumer proposal cost

Oshawa debt relief

Every year, we help Oshawans find debt relief with a consumer proposal using our network of Licensed Insolvency Trustees. They can help you choose the best debt solution for you, such as:

Book your free consultation today with an expert Licensed Insolvency Trustee in Oshawa.

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 Oshawa

  • How long does a consumer proposal last?

    A proposal can last up to five years, but you can choose how long and pay it off early if you can afford it.

  • Can I include my student loan debt?

    You can include your student loan debt if you have been out of school for seven years or more.

  • Will it affect my mortgage?

    It does not affect your mortgage. Your lender cannot change the terms of your mortgage.

  • Can I keep my car?

    You can keep your car, regardless of its value. If the vehicle is financed, you must continue making your payments on schedule.

  • Does it affect my credit score?

    A consumer proposal lowers your credit score, but it is not permanent. If your credit score is already poor, filing a proposal can help you repair your credit score faster.

  • Can you two people file a consumer proposal together?

    You can file a joint consumer proposal if you both have a large amount of shared debt.

Connect with a trustee

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

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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 Oshawa

Local office in Oshawa

Your Licensed Insolvency Trustee office in Oshawa 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 your life 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.

Talk to a trustee