Debt Relief Solutions & Consumer Proposals in Kitchener
Are you feeling stuck in debt in Kitchener with no way out? You don’t have to be on this journey alone. Contact our team of Licensed Insolvency Trustees today and find your way back to financial stability.
Safe, secure & confidential
Get help with debt in Kitchener with our Licensed Insolvency Trustees
At Harris & Partners, we understand that the stress and pressure of debt can feel overwhelming. But with our skilled Licensed Insolvency Trustees in Kitchener at your side, you don’t have to face it alone.
We have been helping people in Kitchener for over 50 years and we know people fall into financial difficulty for all sorts of reasons – whether it’s an unexpected medical issue, losing your job, or simply spending beyond your means. No matter the cause of your debt, we are here to support you with judgment-free debt relief solutions.
Do you have questions on what debt solution is best for you? Contact our Licensed Insolvency Trustees in Kitchener today.
Debt consolidation in Kitchener
If you’re considering a debt consolidation loan to manage your debts, it might seem like a good way to lower interest rates and combine your payments. However, it’s not a good fit for everyone and, if not managed carefully, could leave you with more debt in the end.
Consumer proposals are usually the best alternative. These:
- Reduce the amount you owe.
- Remove interest charged.
- Give you legal protection from creditors.
- Let you keep your assets.
Not sure which path is right for you? We’re here to help. Give our Licensed Insolvency Trustees a call, and we’ll find the best way to get you back on track to a debt-free life.
Bankruptcy trustees & debt solutions in Kitchener
Harris & Partners Inc. have over 50 years of experience helping Canadians with bankruptcy, consumer proposals and other methods of debt management. If you are concerned that your debts are becoming unmanageable, either from a personal point of view or a corporate one, the insolvency trustees at our Kitchener-Waterloo location can help you to make an informed choice on regaining control of your finances.
If you or a loved one need help with debt problems, we offer debt solutions in Kitchener that can allow you to get out of debt.
Our debt management solutions in Kitchener
We understand that tackling debt can seem intimidating, but there is light at the end of the tunnel. Take a look below for the debt relief options available right here in Kitchener.
Debt help in Kitchener - it’s a simple process
When you visit us in Kitchener, we’ll start with an open and honest discussion. Understanding your situation is really important, so we’ll listen intently and without judgment. We’ll talk about your income, your debts, and your creditors. This initial consultation is entirely free and confidential—our primary goal is to ensure you feel safe and supported.
After we have a thorough understanding of your financial situation, we will craft a plan that’s customized just for you. We’ll explore various debt relief options available in Kitchener, choosing those that make you feel most at ease. Our approach is supportive guidance, not pressure. We aim to provide recommendations that integrate smoothly into your life and truly address your needs.
Once you are satisfied with the proposed plan, we’ll put it into action. Addressing your financial concerns is our biggest priority. You can rely on our continuous support and expert advice right here in Kitchener. Together, we’ll tackle each challenge until you reach financial stability and confidence.
Harris & Partners: Kitchener office
Debt can feel isolating, but you don’t have to face it alone. Our team of Licensed Insolvency Trustees in Kitchener is here to help you regain your financial freedom. Contact us today to find out how we can assist you.
Your estate manager in Kitchener
Marlene joined Harris & Partners Inc., in 2011 to head up the newly formed Kitchener and surrounding area office.
Marlene has been in the insolvency business for over 25 years and has obtained her CIRP along with becoming a certified BIA Counsellor. In addition, she has obtained a Counselling Techniques Certificate Program at Mohawk College. Marlene has extensive experience in dealing with all sorts of consumer insolvency matters with a goal to provide the best solution that one can get when looking for protection from their creditors. Marlene was born and raised in Hamilton and understands the nature of business and economy in the region, which helps her serve her debtors.
Address
180 Northfield Dr W #4, Waterloo, ON N2L 0C7
How to get there
Transit: Take the HSR 20 A-Line Express bus southbound towards Hamilton Airport via Mohawk College. Exit at Upper James & Aldridge. Walk 100m to our office on Upper James.
Driving: We are located on the corner of Lincoln Alexander Pkw W & Upper James St. Were located in the same plaza as Upper James Toyota.
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
5 steps to debt relief in Kitchener
Facing debt can feel endless if we don’t have a plan. To help lighten your load, we suggest using these five steps in your path to debt reduction in Kitchener:
Step 1. Create and stick to a budget
Making a budget is your starting point when you’re looking to get a handle on your debt. Begin by checking out how much you’re spending every month and see where you might be able to cut back. Try to put aside at least 10% of what you earn each month. Doing this will help you:
- Build up a fund to pay off debts
- Have money on hand for surprise expenses
- Start saving for your future
Step 2. Prioritise the debts with the highest interest rates
If you have multiple debts, some will cost you more than others because of high interest rates. While you should always make at least the minimum payment on all your debts, direct any overpayments to the debts with high-interest first, since they grow faster over time.
Step 3. Shift your debts from high to low interest rates
If you’re looking to speed up your debt reduction in Kitchener, you could transfer high-interest debts to accounts with lower interest rates. You could even use a line of credit to pay down high-interest credit card debt, or ask your bank to raise your limit to cover it.
If you own property, consider refinancing your mortgage or getting a second one to pay off higher-interest debts. This can bundle your debts into one lower-interest payment.
Step 4. Increase your income
When paying off debts, even the smallest amount can make a big difference, so try to find ways of boosting your income. You could work some extra hours or even pick up a second job. Alternatively, if you’ve got the space, housing a roommate or tenant could provide another stream of income to repay your debt with.
Step 5. Set up a personal payment plan
Treat getting rid of debt like any other goal and create a plan. Begin by figuring out what you specifically want to achieve in reducing your debt and consider talking to a credit counselor to get fresh ideas on how to handle your finances better.
Make a calendar that shows when all your payments are due and how much you should pay. It’s also a good idea to set up automatic bill payments, so you can be sure you never miss a due date.
Bankruptcy and debt management in Kitchener
If you feel like your debt is spiraling out of control and you’re anxious about what’s next, you might believe that bankruptcy is the only answer. Our Licensed Insolvency Trustees have years of experience in helping people gain financial independence, without the need to file for bankruptcy. Ask yourself the following questions:
- Do I need to use my credit card(s) to pay for everything, even day-to-day essentials?
- Can I only afford to make the bare minimum payments on my credit card(s)?
- Are any payments I make made redundant by interest charges?
- Do I often need to borrow money just to get by?
- Are my outgoings more than what I have coming in?
- Have I received ‘red warning letters’ from my creditors?
- Have I lost sleep worrying about my debts?
- Are my debts affecting my physical and mental health?
If you answered yes to any of these questions, get in touch with our team today. We’re here to walk you through your choices and set you on the path to financial freedom.
Example Savings Calculator With Harris & Partners Debt Relief
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?
Why choose us for debt help in Kitchener
Our Licensed Insolvency Trustees in Kitchener specialize in creating personalized debt reduction plans that can potentially reduce your debt by up to 80%, restoring your peace of mind.
Whether you speak Farsi, Portuguese, Italian, or Tamil, our multilingual team in Kitchener is ready to assist. We avoid technical jargon to make sure you fully understand every step of your financial journey.
Our support extends beyond Kitchener. Whether you are local or in another province, our team is just a call or visit away.
Frequently asked questions
How much does a consumer proposal cost in Kitchener?
The cost of a consumer proposal in Kitchener is tailored to your specific debts and financial circumstances, encompassing all necessary fees into regular, manageable payments. For details tailored to your situation, it’s best to consult with one of our Licensed Insolvency Trustees.
What assets are exempt from bankruptcy in Kitchener?
In Kitchener, certain assets are exempt from bankruptcy, including:
- A portion of equity in your primary residence (up to a specified limit).
- Personal belongings such as clothing and household items.
- A vehicle, provided its value does not exceed a set limit.
- Tools necessary for your trade, up to a certain value.
- Specific types of savings, like RRSPs, except contributions made in the last 12 months before declaring bankruptcy.
How do I declare bankruptcy in Kitchener?
The process for declaring bankruptcy in Kitchener involves a few different steps:
- Consult a Licensed Insolvency Trustee to see if it’s right for you.
- Complete and file paperwork with your trustee’s help.
- Stop creditor actions and attend required counseling.
- Complete any additional tasks and get your discharge from bankruptcy.
Bankruptcy is a big step with lasting impacts, so getting advice from one of our Trustees is an important part of making sure it’s the right move for you.
Find your path to financial freedom in Kitchener
The burden of debt can be overwhelming, but you don’t have to shoulder it alone. Our team in Kitchener is dedicated to guiding you through each step. Start with a free, no-obligation conversation by simply filling out the form below.
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 Kitchener & Across Canada
If you’re outside Kitchener, worry not—we’re operational across nine provinces, ensuring you have access to our support wherever you are.