Debt Relief Advice & Consumer Proposals in Markham
If you’re struggling with debt, our Licensed Insolvency Trustees can help. All it takes is one call to start your journey towards living debt-free. Our Markham team is always here to help.
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Debt relief services in Markham
If you’re struggling with mounting debt, look no further than our debt help services in Markham. We know how stressful and overwhelming the weight of debt can feel, but remember you’re not alone.
Our team of Licensed Insolvency Trustees will take the time to fully understand your unique financial situation, and help you find the best debt solution for you. We’ve helped hundreds of Canadians just like you find their way to financial security in Markham – there’s no need for you to face these struggles without help.
Whether you’re looking into insolvency, consumer proposals or bankruptcy is the right debt solution, you can count on our team to be there for you every step of the way.
Debt consolidation in Markham
Are you feeling overwhelmed by debt? Managing multiple payments can be exhausting, and while a debt consolidation loan might seem like an easy fix, it often falls short of solving the real problem.
A consumer proposal could offer a better way out. It allows you to:
- Reduce the overall debt you owe
- Stop interest from adding up
- Protect yourself from creditor actions
- Keep your valuable assets
With a consumer proposal, you can find the relief you need and start fresh. No matter how tough things seem, there’s a solution that can help.
We’re here to guide you through it. Call us today, and let’s begin your journey to a debt-free life.
Licensed insolvency trustee in Markham
Financial difficulties can happen for many reasons. Living beyond your means is still the Number One reason we see for people falling into unmanageable debt, but situations that are beyond your control, such as a job loss or health problems, also count for a huge number of people seeking the advice of our Licensed Insolvency Trustees.
Do you have questions on how you can deal with debt problems or with unmanageable debts? If you are overwhelmed with payments let the Markham Licensed Insolvency Trustees at Harris & Partners help you regain financial control and begin a fresh financial start. Call us today at 905-479-5712 to speak with our experienced team.
Consumer proposals and debt consolidation in Markham
Do you need assistance getting out of debt? Our Bankruptcy Trustees can guide you through consumer proposals and other financial solutions such as debt consolidation to help get you back to financial stability again. The Markham branch of Harris & Partners has over 50 years of bilingual experience in bankruptcy services in Markham. We offer many solutions for your financial concerns, and we can accommodate you whether you speak English, Italian, or Russian.
If you or a loved one live need assistance with financial problems, or require debt solutions in Markham, we can help.
Debt help in Markham - it’s a simple process
Visit our Markham office for a simple chat. It’s important for us to understand your financial situation. We’ll talk about your income, your debts, and who you owe money to. This chat is completely free and confidential—we’re here to support you, no judgments.
Once we’ve got a clear picture of your finances, we’ll start crafting a plan tailored just for you. We’ll explore different ways to manage your debt right here in Markham, offering options that truly fit your needs. No pressure at all, just choices that suit your life.
Once you’re pleased with the plan, we’ll put it into action. Your financial well-being is our top concern. You can rely on us for ongoing support and expert advice as we tackle your financial challenges together. We’re here to help you regain stability and confidence in managing your money.
Do you need to apply for bankruptcy in Markham?
Debt has a way of creeping up on you. It’s easy to acquire a large amount of debt when faced with house payments, car payments, or student loans, but equally easy to build up debt through long-term illness, redundancy, or having to take a cut in pay.
If you recognize your own situation in any of the following scenarios then it may be time to consider bankruptcy:
- Are you reliant on credit cards to pay for even basic day-to-day items like food?
- Are you paying out more in interest than you are paying off your credit card balance?
- Do you find yourself constantly borrowing money from friends and family?
- Have you signed up for, or are considering signing up for a ‘doorstep’ loan?
- Have you had your possessions repossessed to pay for your debts?
- Have your creditors sold your debt or placed your account with a collection agency?
- Do you find yourself lying awake at night worrying about your bills?
If you think that the only answer to getting out of your debts is to struggle, then we have news for you; you don’t. You don’t have to subject yourself to all that emotional trauma – speak to our Licensed Insolvency Trustees (LITs) who can advise you on a way to vastly reduce, or even eliminate, your debts.
Harris & Partners: Markham office
Dealing with debt is hard, but you don’t have to face it alone. Our team of Licensed Insolvency Trustees in Markham will help you find your way back to financial stability. Give us a call today.
Your estate manager in Markham
Joshua joined Harris & Partners in 2016 after completing his Master’s Degree in International Business. In 2018 he became a CIRP, a Licensed Insolvency Trustee in 2020.
He is a certified Insolvency Counsellor and has a firm grasp on helping clients get a fresh start. He also manages the firm’s advertising and technology.
How to get there
Transit: Woodbine 24 bus comes from Don Mills Station it goes along Victoria Park Ave. North to Denison and continues along Woodbine, stop at Hooper
Driving: We’re located off of Woodbine Ave between Hwy 7 & Hwy 73
Office hours
Monday: 08:30 AM – 05:00 PM
Tuesday: 08:30 AM – 05:00 PM
Wednesday: 08:30 AM – 05:00 PM
Thursday: 08:30 AM – 05:00 PM
Friday: 08:30 AM – 05:00 PM
Our debt management solutions in Markham
Our team in Markham is ready to help you get your finances back on track. We know it can feel like a tough road, but we’ll be there with you every step of the way.
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 Markham
Our team in Markham offers personalized debt solutions that could slash your debt by up to 80%. Let us help take the weight off your shoulders.
We believe in keeping things clear and simple. Whether you speak Farsi, Portuguese, Italian, or Tamil, our multilingual team is ready to help you in your own language.
Whether you’re in Markham or beyond, our help is just a phone call or visit away. With offices in nine provinces, help is never far away.
Frequently asked questions
What is a Consumer Proposal?
A consumer proposal is a formal, legal debt settlement program available under the Bankruptcy and Insolvency Act. It is a safe, reliable debt relief program that allows you to avoid bankruptcy.
Is a consumer proposal the same as bankruptcy?
A proposal is not bankruptcy, but it does provide the same creditor protection as bankruptcy.
Is a consumer proposal a form of debt consolidation?
A consumer proposal is a form of debt relief that can be considered a type of debt consolidation, but it is not the same as traditional debt consolidation loans.
Debt Consolidation Loan:
This involves taking out a new loan to pay off multiple existing debts, effectively consolidating them into a single loan with a single payment, typically at a lower interest rate. This approach does not reduce the total amount of debt owed but can simplify payments and potentially reduce overall interest costs.
Consumer Proposal:
This does not involve taking out a new loan. Instead, it is a negotiated settlement where creditors agree to accept a reduced amount of the debt owed, payable in manageable monthly instalments, without additional interest.
What are the Pro's and Con's of a consumer proposal?
Advantages of a Consumer Proposal:
- Reduced Debt: You pay back only a portion of what you owe.
- Legal Protection: Protects against creditor actions.
- No Interest: Payments are interest-free.
- Structured Payments: Provides a clear, structured repayment plan.
Disadvantages of a Consumer Proposal:
- Credit Impact: It negatively affects your credit score, though less severely than bankruptcy.
- Public Record: It is a matter of public record.
- Approval Required: Creditors must agree to the proposal terms.
How much does a consumer proposal cost in Markham?
The cost of a consumer proposal in Markham varies depending on your specific financial situation and your debt amount. There are no hidden fees—the agreed payments cover all costs, tailored to what you can afford. For personalized advice, contact one of our Licensed Insolvency Trustees.
What assets are exempt from bankruptcy in Markham?
When you declare bankruptcy in Markham, certain personal assets are shielded from creditors. This includes some of your home equity, essential personal items, a vehicle up to a certain value, necessary work tools, and specific savings like RRSPs (except for recent contributions).
How do I declare bankruptcy in Markham?
To declare bankruptcy in Markham, start by talking to one of our Licensed Insolvency Trustees. They’ll assist you in organizing your paperwork, filing for bankruptcy to halt creditors, and guiding you through necessary steps like financial management counseling. Bankruptcy is a significant step, and our team is here to ensure it’s the right move for you.
Find your path to financial freedom in Markham
Debt can be daunting, but you’re not in this alone. Fill out the form below for a free, no-strings-attached conversation with our team in Markham.
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 Markham & Across Canada
Not in Markham? No problem. With locations in nine provinces, we’re always nearby to help, wherever you are.