Be debt free with a consumer proposal in Ottawa

Why file a consumer proposal in Ottawa?

If you are living in Ottawa, Ontario, and need debt relief, a consumer proposal can change your life by reducing your debt by as much as 80%.

A consumer proposal is a legal debt settlement arrangement with your creditors that lets you combine your unsecured debt into a single monthly payment.

What’s more, there’s zero interest to pay, and you could be debt free within five years.

Check if you qualify for an Ottawa consumer proposal

If you want to learn more about a consumer proposal in Ottawa, use the form below to see if you are eligible.

How does an Ottawa consumer proposal work?

In simple terms, a consumer proposal allows you to reduce your debt by up to 80% by repaying your creditors less than you owe, with the remaining balance forgiven.

You make a single monthly payment, and at the end of your proposal, you are debt free. It offers debt relief without affecting things like your home, car or savings.

You can eliminate most unsecured debts, like credit card debt, personal loans, payday loans, student loans, overdrafts, utility bills and tax debts.

If you file a consumer proposal, you must agree to some terms. You repay your creditors for no longer than five years.

Once your proposal is accepted, creditors and collection agencies can no longer garnish your wages or contact you.

A consumer proposal is administered by a Licensed Insolvency Trustee, who acts as your consumer proposal administrator and negotiates with your creditors on your behalf.

All trustees are licensed and regulated by the Office of the Superintendent of Bankruptcy Canada, as per the Bankruptcy and Insolvency Act.

Contact an experienced Licensed Insolvency Trustee in Ottawa to get started. Your consultation is free, so what are you waiting for?

Join the 526 Ottawans who filed a consumer proposal in the second quarter of 2022 alone.

How much does a consumer proposal cost?

The cost of a consumer proposal depends on the amount of debt you have, your creditors, income level and assets.

To find out how much your monthly repayments might be, use our consumer proposal repayment calculator.

How long does a consumer proposal last?

A consumer proposal can last up to five years, but you can pay more and complete the process anytime without penalties or interest.

Debt relief Ottawa

If you’re looking for help with your debt in Ottawa, a Licensed Insolvency Trustee will devise a personalized plan based on your financial situation.

This might be through a consumer proposal, debt counselling, or another debt solution like a debt consolidation loan, credit counselling, a debt management plan or personal bankruptcy.

The first step is to book your free consultation with an experienced Licensed Insolvency Trustee in Ottawa.

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