Consumer Proposal Brampton
Reduce what you owe, keep your assets, and start moving forward with a consumer proposal in Brampton. Our Licensed Insolvency Trustees in Brampton offer free, confidential consultations to help you understand whether a consumer proposal is right for you.
The sooner you act, the more options you have.Â
Safe, secure & confidential
What is a consumer proposal in Brampton?
A consumer proposal is a federally regulated, legally binding agreement to repay a portion of what you owe. It’s filed through a Licensed Insolvency Trustee (LIT) under the Bankruptcy and Insolvency Act, and it can reduce your unsecured debt by up to 80%.
Unlike bankruptcy, you keep your home, car, and other assets. And compared to debt consolidation, there’s no new loan to take on and no minimum credit score required. You make one fixed monthly payment, interest-free, for up to five years.
It applies to most unsecured debts: credit cards, payday loans, personal loans, lines of credit, CRA tax debt, and certain student loans. Once filed, all collection calls, interest charges, and wage garnishments stop.
Is a consumer proposal right for you in Brampton?
You may qualify for a consumer proposal in Brampton if:
- You owe between $1,000 and $250,000 in unsecured debt (excluding your mortgage)
- You are a Canadian resident or own property in Canada
- You are an individual (not a corporation)
- You are at least 18 years old
- You cannot fully repay your debts as they fall due, but you can afford some monthly payment
If you’re not sure whether you qualify, our Brampton team will assess your situation at no cost.
We've helped 100s of Brampton residents file consumer proposals
Insolvencies in Brampton are up 14.6% vs last year
The average Brampton resident carries $79,171 in debt at insolvency.
More Brampton residents than ever are choosing consumer proposals over bankruptcy—11,516 were filed in 2024, up 20.6%.
More Brampton residents than ever are choosing consumer proposals over bankruptcy—11,516 were filed in 2024, up 20.6%.
Consumer proposal vs bankruptcy vs debt consolidation Brampton
For many people in Brampton dealing with large amounts of unsecured debt, a consumer proposal can be a practical way to reduce what they owe while keeping important assets like their home or car. It also provides legal protection from creditors, giving you breathing room to get your finances back on track. It’s one of the most popular debt relief options in Ontario because it helps balance debt reduction with asset protection. That said, everyone’s situation is different, so it’s important to look at all your options before making a decision. Understanding what’s available can help you choose the solution that’s right for your financial future.
| Consumer proposal | Bankruptcy | Debt consolidation | |
|---|---|---|---|
| Reduces debt? | Yes, up to 80% | Yes, most debt eliminated | No |
| Requires new loan? | No | No | Yes |
| Interest rate | 0% | 0% | Variable, often high |
| Stops collection calls? | Yes, immediately | Yes, immediately | No |
| Impact on assets | Keep all assets | May lose assets | Keep all assets |
| Impact on credit score | R7 for 3 years post-completion or 6 years after filing | R9 for 6-7 years post-discharge | Depends on payments |
| Government-regulated? | Yes | Yes | No |
What are the benefits of a consumer proposal in Brampton?
Consumer Proposals in Brampton are a practical way to get out of debt while keeping your financial stability. Here’s how this government-regulated debt relief solution can help you take back financial control:
- Reduce your debt by up to 80%. Creditors often accept significantly less than the full balance owed, helping you settle debt faster.
- Stop collection calls and wage garnishments immediately. Legal protection begins the moment your proposal is filed with a Licensed Insolvency Trustee.
- Keep your home, car, and assets. Unlike bankruptcy, a consumer proposal doesn’t require surrendering your property.
- Pay 0% interest. All interest charges are frozen once the proposal is filed, so every payment reduces your principal.
- One affordable monthly payment based on what you can realistically afford, spread over up to five years.
- No credit check required to qualify. Eligibility is based on your debt situation, not your credit score.
- Over 98% acceptance rate. Consumer proposals are a proven, high-success debt solution trusted across Ontario.
- Government-regulated and legally binding. Your proposal is filed under the Bankruptcy and Insolvency Act, giving you full legal protection.
How to file a consumer proposal in Brampton: step-by-step
Step 1: Free, confidential consultation – Meet with our Licensed Insolvency Trustee in Brampton to review your debts, income, and assets. No obligation, no judgment. The consultation takes less than an hour and is completely free.
Step 2: Review your options – Your LIT will walk you through every available debt relief option, not just consumer proposals, to ensure you receive the right solution for your situation.
Step 3: Draft your proposal – If a consumer proposal is the right route, we prepare the proposal documents and calculate a fair monthly payment based on what you can realistically afford.
Step 4: File with the government – We submit the proposal to your creditors via the Office of the Superintendent of Bankruptcy. Collection calls, interest, and wage garnishments stop immediately.
Step 5: Creditors vote – Creditors have 45 days to review and vote. If creditors holding the majority of the debt accept, the proposal becomes binding on all of them, including those who voted against.
Step 6: Make monthly payments – One simple payment each month to your LIT, who distributes the funds to your creditors. Payments continue for up to five years.
Step 7: Complete the programme – Two mandatory financial counselling sessions help you rebuild your finances. Once all payments are made, you receive a Certificate of Completion and are legally debt-free.
Why choose Harris & Partners for your consumer proposal in Brampton?
We’ve been helping Canadian families get out of debt since 1964. With us, there are no intimidating offices or confusing legal jargon, just honest advice from people who genuinely care about your financial stability.
As one of Canada’s largest insolvency filers, you can count on our 100+ years of combined experience and strong creditor relationships to get your consumer proposal approved. We’ll get you on a path to living debt-free.
Brampton residents who file a consumer proposal with us can legally reduce what they owe by up to 80%, paying off the remainder in affordable instalments. Give us a call and we’ll find the right consumer proposal terms for your situation.
See how much you could save with a Consumer Proposal in Brampton
Your Potential Debts:
Your monthly repayments over a 60-month period would be
Before Help
$1409
After Help
$210
Monthly payments are determined based on individual financial factors
How Much Could I Save?
What types of debt are covered by consumer proposals Brampton?
A consumer proposal lets you roll most unsecured debts into a single, affordable monthly payment. If any of the following are keeping you up at night, a consumer proposal could be the fresh start you need.
- Credit card debt – Get out from under high-interest balances across multiple cards
- Payday loans and wage garnishments – Break the borrowing cycle and protect your paycheque
- Personal loans and lines of credit – Combine what you owe to banks or private lenders into one payment
- CRA tax debt – Settle income tax arrears, GST/HST owing, and CERB overpayments
- Student loan debt – Eligible once seven or more years have passed since you finished school
- Medical bills – Address lingering healthcare costs where applicable
- Utility arrears – Include unpaid hydro, gas, or other utility balances
Your mortgage and car loan are secured debts, so they won’t be part of the proposal. The good news? Filing gives you the breathing room to stay current on those payments and hold onto what matters most.
Our Brampton office
We have offices across Ontario, the closest one to you is in Brampton:
2 County Ct Blvd Suite 400, Brampton, ON
Your estate manager in Brampton
Adam joined Harris & Partners Inc. in 2008 after 8 years at Ernst & Young. He obtained his CA designation in 2003 and received his license to practice as a Licensed Insolvency Trustee and Restructuring Professional in 2007.
Adam is focused on providing his expertise to fixing mid- and small-market enterprises and consumers experiencing financial difficulties. Adam’s main goal is to help his clients overcome their financial obstacles and achieve what they initially started out to do.
Address
2 County Ct Blvd Suite 400, Brampton, ON L6W 3W8, Canada
Office hours
By appointment only:
Monday: 09:00 AM – 05:00 PM
Tuesday: 09:00 AM – 05:00 PM
Wednesday: 09:00 AM – 05:00 PM
Thursday: 09:00 AM – 05:00 PM
Friday: 09:00 AM – 05:00 PM
Brampton consumer proposal FAQs
Can I include CRA tax debt in a consumer proposal in Brampton?
Yes. CRA tax debt, including income tax arrears, GST/HST balances, and CERB overpayments, can be included in a consumer proposal. Filing immediately stops CRA collection actions like wage garnishments and bank account freezes. Your Licensed Insolvency Trustee in Brampton negotiates directly with the CRA on your behalf as part of the proposal process.
Does a consumer proposal affect your credit rating in Brampton?
Yes. It is recorded as an R7 rating and remains on your credit report for three years after completion, or six years from the filing date, whichever comes first. However, most people’s credit is already impacted before filing. Completing a consumer proposal in Brampton lets you begin rebuilding credit immediately afterwards.
How do I do a consumer proposal in Brampton?
A consumer proposal in Brampton can only be set up by a Licensed Insolvency Trustee (LIT). You start by booking a free consultation. Your LIT reviews your debts, drafts a repayment offer for your creditors, files the proposal with the government, and manages the entire process on your behalf. Most proposals take three to five years to complete.
How much does a consumer proposal cost in Brampton?
The cost of a consumer proposal in Brampton is based solely on the negotiated repayment amount, typically far less than the original debt owed. Administration fees are regulated by the federal government and included within your proposal payments. There are no upfront costs, and your LIT will outline all costs clearly before you agree to anything.
How much does a consultation with a LIT cost in Brampton?
Your initial consultation with Harris & Partners is completely free and entirely confidential. There is no obligation to proceed, and no sales pressure. Our Licensed Insolvency Trustee will take the time to review your full situation and explain every option available to you, including what each one means for your finances, your credit, and your assets.
Browse Debt Review Options in Canada
Take back control with a consumer proposal in Bramton
It’s never too late to get help with your debt. Book a free, no-obligation consultation with our Licensed Insolvency Trustees in Brampton to get started.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 800-268-8093
- hello@harrispartners.ca