Debt relief solutions & consumer proposals in Newfoundland & Labrador
Struggling with debt in Newfoundland & Labrador? Our Licensed Insolvency Trustees are here to help you take back control of your finances. Call us today for a free consultation.
Safe, secure & confidential
Safe, secure & confidential
Licensed Insolvency Trustees & Consumer Proposals in Newfoundland & Labrador
Newfoundland and Labrador is home to over half a million people. If you are one of these people and you’re finding the weight of your mounting debts too much to bear, then you need to seek bankruptcy help with a Harris & Partners Licensed Insolvency Trustee.
At Harris & Partners Inc., we have over 50 years of experience, so when it comes to offering a variety of solutions to people considering bankruptcy in Newfoundland and Labrador, you can rest assured that our Newfoundland and Labrador bankruptcy services are beyond compare.
If you or a loved one are struggling with debt problems, we offer debt solutions in Newfoundland and Labrador that can help you to escape them. Take advantage of our free, no-obligation consultation and let’s work together on wiping the slate clean to make you debt-free.
Licensed insolvency trustee; helping you with debt relief in Newfoundland & Labrador
Society sometimes wrongly jumps to the conclusion that people have unmanageable debts because they have spent frivolously, but this is often not the case. We have seen many cases of financial difficulty where people have gotten into debt through no fault of their own such as having health problems, having to take on someone else’s debts or an unforeseen change of circumstances.
If the amount of debt that you have seems insurmountable and overwhelming debt is ruining your life, then let the Newfoundland and Labrador Licensed Insolvency Trustees at Harris & Partners Inc. help you regain financial control.
If you have questions on how you can regain your financial freedom from unmanageable debt then our debt relief advice and services could be truly life-changing. Call us today and speak with our dedicated experienced team who will work their magic to achieve your financial success. Alternatively, book a free, no-obligation consultation online.
Bankruptcy exemptions & consumer proposals in Newfoundland & Labrador
In Newfoundland and Labrador, there are a number of exemptions from seizure during bankruptcy proceedings set by the Provincial Government. Some are related to equity while others are seen as common sense necessities.
These exemptions include:
- Food and fuel for you and your dependants for the coming 12 months
- All medical and dental aids for your household
- Clothing for your household to the value of $4,000
- Appliances and household furnishings worth up to $4,000
- One motor vehicle worth less than $2,000
- All pets
- Items of sentimental value up to the value of $500
- Up to $10,000 of equity in your main place of residence
- Tools of your trade up to $10,000
- Certain income and pension plans
- Farming, fishing, and fish farm exemptions include personal property used by you to earn an income, to the value of $10,000
If you are in Newfoundland and Labrador and are considering bankruptcy or a consumer proposal as a way to address your debt situation, then speak to one of our Licensed Insolvency Trustees first. You’ll find their years of experience invaluable and they can guide you to the best possible solution for your unique circumstances.
Debt consolidation in Newfoundland & Labrador
Managing multiple debts can feel overwhelming, and it’s tough to stay on top of all the payments. A debt consolidation loan might seem like a quick and easy fix, but it doesn’t always solve the root issue.
A consumer proposal could be a better option. It helps lower the total amount you owe, stops interest charges, and gives you some breathing room from creditor pressure. It’s a straightforward way to start fresh and get your finances back on track.
No matter how challenging things may feel right now, there’s a way out. Get in touch with our team today, and we’ll work with you to find the best solution to leave your debt behind.
Newfoundland and Labrador Office
We know that it can be hard to get your finances back on track. Sometimes, filing for bankruptcy in Newfoundland and Labrador can be your only option, which can be a scary thought. Our helpful Licensed Insolvency Trustees will help you to find the right solution for your financial needs regarding bankruptcy in Newfoundland and Labrador and get you back on track.
Your estate manager in Newfoundland & Labrador
Rob McLernon is responsible for the PEI, Nova Scotia, New Foundland & New Brunswick offices.
Rob joined HPI in 2022 after spending the past 20 years in the insolvency industry having most recently managed Grant Thornton’s insolvency team in Atlantic Canada. He became a Chartered Insolvency and Restructuring Professional (CIRP) in 2014 and a Licensed Insolvency Trustee (LIT) in 2015. Rob is the Past President of the Nova Scotia Association of Insolvency & Restructuring Professionals (NSAIRP).
Rob is passionate about helping clients find solutions to their financial struggles and says he has the best job in the world – helping people each and every day achieve a Fresh Financial Start.
Address
Genesis Coworking, Levels 2 & 3, Johnson Innovation Station, 495 Water Street. St. John’s NL, A1E 6B5
Office hours
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
Danger signs of bankruptcy
If you think you might be on the edge of filing for bankruptcy, ask yourself the following questions:
- Do you have to use credit cards to pay for everything?
- Can you only pay the minimum monthly amount on your credit card?
- Are you constantly borrowing money?
- Have your creditors repossessed your car?
- Have your creditors sold your debt or placed your account with a collection agency?
If you recognize any of those warning signs in your life, you may be headed for bankruptcy. Debt has a way of creeping up on nearly anyone with a credit card. It’s quite easy to acquire a large amount of debt when you’re faced with house payments, car payments, or student loans.
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?Browse Debt Review Options in Canada
Why choose us for consumer proposals in Ontario?
Our Licensed Insolvency Trustees can provide a customised consumer proposal that could shrink your debt by up to 80%.
Our multilingual team offers debt support in Farsi, Portuguese, Italian, Tamil, and more, so you can feel comfortable every step of the way.
With offices in nine provinces, we offer in-person debt support across Canada—from Atlantic provinces to Ontario to British Columbia.
Frequently asked questions
What is a consumer proposal?
In need of an alternative to bankruptcy? Another solution is to file a consumer proposal!
By negotiating with your creditors, you can file a consumer proposal that will require you to pay back only a portion of all your debts and allow creditors to make up the remaining balance. Harris & Partners Inc. provides Barrie consumer proposals. Contact us today to learn more.
What debt help in New Foundland & Labrador do you offer?
– Debt consolidation
– Danger signals
– Consumer proposals
– Corporate insolvency
– Bankruptcy
– Court-appointed receivership
– Complex commercial matters
Let the Newfoundland & Labrador Licensed Insolvency Trustees at Harris & Partners help you regain financial control.
Start your journey towards financial freedom today
If you need help managing your debt in Newfoundland & Labrador, get in touch with Harris & Partners today. Our team of Licensed Insolvency Trustees is on hand to answer any of your questions.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 800-268-8093
- hello@harrispartners.ca
