Debt relief and consumer proposals in Barrie
Are you struggling with growing debt? Call our team of Licensed Insolvency Trustees, and we’ll give you a plan to take back financial control.
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How a consumer proposal in Barrie could help you
A consumer proposal lets you reduce the amount you owe and repay it, interest-free, over a longer period, usually five years. It’s arranged by a Licensed Insolvency Trustee, who negotiates directly with your creditors to reduce your total debt and stop legal action, wage garnishments, and collection calls.
You keep your assets, and once it’s complete, any remaining unsecured debt is cleared. This is a great option for anyone who needs a manageable way to deal with mounting bills and wants to avoid bankruptcy.
How does bankruptcy work in Barrie?
Bankruptcy clears most unsecured debts when you can’t afford to pay them back. It provides immediate protection from collection calls, lawsuits, and wage garnishments, and can offer a clean financial slate when no other options are available.
Bankruptcy is only ever taken as a last resort and is best suited for people with little or no disposable income or no assets they can sell to repay creditors. While it does affect your credit, it gives you a structured way out when debt becomes unmanageable.
What is debt consolidation in Barrie?
Debt consolidation in Barrie lets you combine several unsecured debts—like credit cards, payday loans, or personal loans—into one single monthly payment. This can be done through a consolidation loan or a structured plan arranged by a Licensed Insolvency Trustee. While it does simplify your debt repayments, you can sometimes end up owing more due to high interest rates. That’s why consumer proposals are often the first choice.
What’s the process for getting debt relief in Barrie?
Your first step is a free, private consultation with one of our Licensed Insolvency Trustees in Barrie. We’ll review your income, living costs, debts, and any missed payments.
Once we understand your situation, we’ll offer the best solution available, what it involves, how long it takes, and how it will affect your finances going forward.
When you choose your preferred debt relief plan, we’ll help you get started. That includes handling all the paperwork, contacting your creditors, and setting up any payment plans.
What are the benefits of a consumer proposal?
A consumer proposal allows you to repay only a portion of your unsecured debts over a period of up to five years. This means you can reduce your overall debts, and start working towards a better financial position.
The benefits of a consumer proposal include:
- Debt Reduction: Pay back an agreed proportion of what you owe, unlike a consolidation loan where the full amount is due.
- Legal Protection: Once filed, a consumer proposal protects against creditor actions, giving you peace of mind.
- No Interest: Payments are interest-free, making it easier to manage your finances.
- Single Monthly Payment: Simplify your debt management with one affordable monthly payment.
Our debt management solutions in Barrie
See how much you could save with debt relief in Barrie
Example debts:
Monthly repayments over a 60-month period:
Before Help
$1409
After Help
$210
Monthly payments are determined based on individual financial factors
How Much Could I Save?
Harris & Partners will help clear your debt in Barrie
We have years of experience in creating bespoke debt solutions in Barrie that could remove up to 80% of your debt.
Our team is always on hand to help, providing honest, transparent guidance so that you understand every step of your debt relief journey.
Our team of Licensed Insolvency Trustees works in nine of the ten provinces—no matter where you’re based, help is never far away.
How can I find out more?
If you want to find out more about your debt relief options in Barrie, get in touch with our team and we’ll be happy to help.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 800-268-8093
- hello@harrispartners.ca
Contact form
Debt relief in Barrie & across Canada: Local expertise, national reach
We work across nine different provinces, so even if you’re outside Alberta, you can count on our support.