Debt relief Ottawa
Debt can leave you feeling stressed and stuck, but if you’re in Ottawa, there are practical ways to get back on track.
Whether you’re dealing with student loan debt near the University of Ottawa or utility bill debt in Barrhaven, our local Licensed Insolvency Trustees can help you understand your options. Get free, confidential advice towards becoming debt-free; reach out today and take the first step.
Safe, secure & confidential
What is debt relief Ottawa?
Debt relief in Ottawa is an umbrella term for the legal and financial options that help you reduce, restructure or eliminate debt that you can no longer manage. It’s not a single product or quick fix. It covers a range of solutions, each suited to different financial situations, debt levels, and long-term goals. The main options include:
- Consumer proposals
This option can remove up to 80% of your debt and is a federally regulated debt relief option facilitated by a Licensed Insolvency Trustee. - Personal bankruptcy
This has the longest impact on your credit score but gives you a chance to wipe the slate fully clean. It’s usually taken as a last resort. - Debt consolidation
If you’re juggling multiple debts, a consolidation loan can simplify your repayments into one, though you can often end up paying higher interest. - Credit counselling
Often provided as part of consumer proposals, credit counseling helps you address the root cause of your financial issues so that you can build a stronger future.
We've helped 100s like you with debt relief in Ottawa
Consumer proposals in Ottawa have risen 72% since 2020
More residents are choosing a structured repayment route instead of bankruptcy.
Consumer proposals now make up almost three quarters of Ottawa insolvencies, showing a clear shift away from bankruptcy.
Consumer proposals now make up almost three quarters of Ottawa insolvencies, showing a clear shift away from bankruptcy.
How does debt relief in Ottawa work?
If you’re dealing with unmanageable debt in Ottawa, understanding the debt relief process is often the first step toward financial recovery. Here’s how it typically work
- Step 1: Free consultation with a LIT
Reach out to our team of Licensed Insolvency Trustees and we’ll set up a no-obligation consultation at a time that works for you. It’s completely free and takes less than an hour. - Step 2: Tell us about your financial situation
Walk us through your finances. What you owe, who you owe it to, and what’s been keeping you up at night. We listen without judgment, and everything you share is fully confidential. - Step 3: We find the best debt relief in Ottawa
Based on your situation, we’ll find every debt relief option available to you, from consumer proposals to bankruptcy and beyond. No pressure, no agenda. - Step 4: You choose, we support
You decide which debt relief option you’re most comfortable with and can afford. Then, we’ll support you through the entire process and help you regain your financial stability.
Our closest office to you
We have offices across Ontario, the closest one to you is our Ottawa office:
116 Albert St #300, Ottawa, ON K1P 5G3
What debt relief options do we offer in Ottawa?
Reduce your debt by up to 80% with a consumer proposal in Ottawa, then repay the rest in manageable monthly payments over up to five years. Put creditor action on hold and get the breathing space you need to move forward.
For when debt has become impossible to repay. Through a formal legal process, Bankruptcy in Ottawa can deal with unsecured debts, reduce pressure from creditors, and give you a chance to draw a line under what you owe and start again.
A mandatory part of debt relief services like consumer proposals, credit counselling helps you look beyond the debt itself. It helps you address the root causes of your money struggles, make better financial decisions, and build a stronger future.
What debt relief options do we offer in Ottawa?
Why choose Harris & Partners for debt relief in Ottawa?
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.
Ottawa residents who file a consumer proposal with us can legally reduce what they owe by up to 80%, paying off the remainder in affordable installments. Give us a call and we’ll find the right debt relief for your situation.
Signs you might need debt relief in Ottawa
It’s not always obvious when debt has crossed from stressful to unmanageable. These warning signs are worth taking seriously. If several apply to you, speaking to a Licensed Insolvency Trustee is the best next step.
- You are using credit cards to cover essentials like groceries, utilities, or rent.
- You are making only minimum payments on your credit cards or lines of credit.
- You are receiving collection calls or letters from creditors.
- Your wages are being garnished by a creditor or the Canada Revenue Agency.
- Debt is causing you to lose sleep or is affecting your mental health.
- You have considered taking on new debt to pay off existing debt.
- You have missed one or more debt payments in the past three months.
If any of these sound familiar, a free, confidential consultation with Harris & Partners in Ottawa will help you understand exactly where you stand and what your options are.
See how much you could save with a debt relief in Ottawa
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?Debt relief Ottawa FAQs
What types of debt can I get help with in Ottawa?
Debt relief in Ottawa covers most forms of unsecured debt, including credit cards, personal loans, payday loans, tax debt, and lines of credit. It can also address debt in collections and certain student loans. Secured debts, like mortgages and car loans, work differently and are typically maintained separately. If you’re unsure whether your specific debt qualifies, a free consultation will give you a clear answer.
Can I keep my home and car if I file for debt relief in Ottawa?
In most cases, yes, you will be able to keep your home and car. A consumer proposal allows you to keep your assets as long as you continue making secured payments, like your mortgage or auto loan. Bankruptcy is more complex; you may keep a vehicle up to a certain value, but equity in your home could be affected.
For most Ottawa homeowners with significant assets, a consumer proposal is the recommended route. A Licensed Insolvency Trustee will assess your situation and recommend the option that protects what matters most.
How much does a consultation with a LIT cost in Ottawa?
Your initial consultation with Harris & Partners in Ottawa 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.
Will debt relief in Ottawa affect my credit score?
Yes, debt relief in Ottawa will affect your credit score, but the impact varies depending on the option you choose. A consumer proposal assigns an R7 credit rating and stays on your report for three years after completion. Bankruptcy carries an R9, the lowest possible, and remains for six to seven years after discharge.
That said, most people seeking debt relief already have a damaged score from missed payments and growing balances. Taking action stops further damage and starts your recovery sooner. A Licensed Insolvency Trustee can walk you through exactly what to expect for your situation. The consultation is free and completely confidential.
Still unsure? Give us a call.
Taking the first step is often the hardest part, but it doesn’t have to be. Book a free, no-obligation consultation with our Licensed Insolvency Trustees to get started.
We’ve helped Canadians deal with debt for over 60 years. Whatever you’re facing, we’re here to help.
