Debt Solutions & Consumer Proposals in Regina
If you’re finding it hard to manage your debts in Regina, remember, you’re not alone. Our team of Licensed Insolvency Trustees is here to help you find your way back to financial independence.
Safe, secure & confidential
Experienced Bankruptcy Trustees in Regina
If you’ve been living with debt in Regina and need help managing it, you’ve come to the right place. No matter how you have accumulated your debt, our sole interest is in helping you address it so it can become manageable in your daily life.
Our Bankruptcy Trustees in Regina help people regain control of their finances and have been doing so for over 50 years. Being fully accredited in our field, we can give you sound legal financial advice and legally represent you when speaking to your creditors.
Is bankruptcy my only option?
Due to the long-term effect it has on your credit score, we suggest you don’t resort to bankruptcy until it is the only option. If any of the following sound familiar, bankruptcy may be an option to look into:
– You use credit cards to pay for daily essentials, like food and bills
– Your monthly interest is higher than your monthly credit card income
– You’re constantly borrowing money from various sources
– You’ve received letters from creditors
– You’re losing sleep due to your financial situation
– Bailiffs have repossessed some of your personal belongings to help pay off your debts
If any of these resonate with your personal situation, it may be time to speak with our Regina Insolvency Trustees about bankruptcy proceedings. We hope you don’t feel embarrassed to discuss these matters with us, everything is 100% confidential and done in a way that will help you get back on track with your finances.
Consumer proposals in Regina: A debt alternative for you
Want to clear your debt without declaring bankruptcy? A consumer proposal may be the answer. Bankruptcy puts your home, car, and other assets at risk—but a consumer proposal lets you keep what matters most.
A consumer proposal will cut down your debt and let you pay it back in affordable, interest-free payments. It’s a simpler, smoother step to financial freedom. No matter what type or amount of debt you’re dealing with, our Licensed Insolvency Trustees in Regina are here to help. Give us a call for a debt relief plan that works.
Licensed Insolvency Trustees in Regina
Are you unsure about how to tackle your debt problems? Do you have some questions as to how to deal with mounting debts? Our Licensed Insolvency Trustees are here to help.
We can present you with a number of solutions based on your unique situations to help you manage all the stress and anxiety that comes from unmanageable debts.
Frequently asked questions
How much does a consumer proposal cost in Regina?
The cost of a consumer proposal in Regina varies depending on your financial situation and the total debt you owe. Typically, the fees are incorporated into the regular payments you make under the proposal. These payments are tailored to what you can afford and are agreed upon with your creditors.
There are no additional fees required from you; the amount you pay goes towards settling your debt and includes the administration fees of the proposal. To understand better what your payments might look like, chat with one of our Licensed Insolvency Trustees for tailored advice.
Are there any alternatives to bankruptcy?
If you are in any kind of financial predicament then you might be concerned that bankruptcy might be your only option to remedy the situation. However, there are many other potential solutions that may fix your financial situation better than bankruptcy, including:
- Court-appointed receivership
- Consumer proposals
- Corporate insolvency
- Debt consolidation
Everybody’s financial situation is unique, both in a business and a personal sense, so if you feel like your finances are spiralling out of control, book in for a FREE initial consultation with our Trustees who can guide you towards the best solution for your situation.
My personal situation has changed and I can only afford to pay a portion of my debts - what do I do?
Long-term illness, redundancy, and needing to become a full-time carer for someone; these are all potentially life-changing situations which can negatively impact your income – and they aren’t your fault. Depending on the severity of your situation we can potentially help you to come to an arrangement with your creditors to make partial payments to them, circumventing the need to go bankrupt. Get in touch with our Calgary LITs for more information.
What assets are exempt from bankruptcy in Regina?
In Regina, when you declare bankruptcy, there are certain assets that your creditors cannot seize. These exemptions are governed by Saskatchewan’s laws and usually cover:
- A portion of the equity in your primary home (up to a certain value).
- Some of your personal belongings, like clothing and household goods.
- A vehicle up to a certain value.
- Tools of your trade up to a specific value you use to earn income.
- Certain types of savings, like RRSPs (excluding contributions made in the last 12 months before declaring bankruptcy).
How do I declare bankruptcy in Regina?
The process for declaring bankruptcy in Regina involves a few different steps:
- Talk to a Licensed Insolvency Trustee. They’re the only ones in Canada who can guide you through bankruptcy. They’ll examine your situation and determine whether bankruptcy is your best choice.
- Fill Out the Paperwork. With your trustee’s help, you’ll list all your debts, assets, and how much money you make and spend.
- File for Bankruptcy. Your trustee sends off your paperwork. This stops your creditors from bugging you or suing you.
- Do Your Bankruptcy Tasks. You might need to go to counseling to learn about money management, report your monthly earnings to your trustee, and possibly pay some of your earnings to your trustee.
- Finish Up. After you’ve done everything required, you get discharged from bankruptcy, meaning you’re free from the debts that were included.
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.
Alternatives to Bankruptcy in Regina, Saskatchewan
A consumer proposal, debt consolidation programme, or debt settlement plan may be viable alternatives to bankruptcy. These are all possible means to lowering or eliminating your debts and leaving you without stress and with more disposable income for yourself and your family.
If you are overwhelmed with payments, get help today by calling the Licensed Insolvency Trustees at Harris & Partners in Regina, Saskatchewan.
Debt consolidation in Regina
Dealing with multiple debts can feel overwhelming. While a debt consolidation loan might seem like a good idea, it often doesn’t tackle the real issue, leaving you stuck.
A consumer proposal might be the better choice:
- It reduces the total debt you owe.
- Puts a stop to interest charges.
- Protects you against creditors.
This option gives you the chance to take back control of your finances and find lasting relief. Reach out today for a free consultation, and we’ll help you find the best path to a debt-free life.
Debt relief programs in Regina
While the Canadian government doesn’t directly offer debt relief programs, solutions like bankruptcy and consumer proposals are available to help you reduce your debt and rebuild financial stability.
At Harris & Partners, we believe every financial situation deserves a personal approach. Our Licensed Insolvency Trustees in Regina will take the time to review your situation and guide you toward the most effective solution for tackling your debt.
Ready to turn things around? Contact us today and take the first step toward a debt-free future.
Regina Office
Dealing with debt can often feel like a lonely battle, but you’re not alone. Our team of Licensed Insolvency Trustees in Regina is here to help guide you back to financial independence. Contact us today to see how we can assist you.
Your estate manager in Regina
Doug joined Harris & Partners in 2021. Doug has been in the industry since 2014, during which time he completed his Chartered Insolvency and Restructuring Professional designation in 2017 (CIRP), and a Licensed Insolvency Trustee (LIT) in 2019.
For Doug the most rewarding part of his job is witnessing the transformation of an individual not only financially but mentally, after they get their finances back on track.
When he’s not working, you can find him enjoying the west coast lifestyle and spending time with his family and friends.
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
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?Our debt management solutions in Regina
We understand that dealing with debt can be really tough. But there’s good news: there are many options for debt relief right here in Regina.
Debt help in Regina - it’s a simple process
When you visit us in Regina, we’ll have a straightforward chat. It’s vital for us to understand your situation fully, and our priority is to listen without judgment. We’ll talk about your income, your debts, and who you owe money to. This conversation is completely free and confidential—our goal is to make you feel secure and supported.
After we have a clear picture of your financial situation, we’ll begin crafting a plan tailored just for you. We’ll explore various debt relief strategies available in Regina, focusing only on those you’re comfortable with. We promise not to pressure you; we want our suggestions to truly fit your life and needs.
Once you’re satisfied with the proposed plan, we’ll put it into action. Your financial worries are our top concern. You can rely on our continuous support and expert advice here in Regina. Together, we’ll tackle each challenge until you feel more stable and confident about your finances.
Why choose us for debt help in Regina
Our Licensed Insolvency Trustees in Regina specialize in personalized debt solutions that could eliminate up to 80% of your debt, taking the weight off your shoulders.
No matter what language you speak—be it Farsi, Portuguese, Italian, or Tamil—our multilingual team in Regina is here to help. We avoid confusing jargon and ensure you understand every step of the process.
Even if you’re not in Regina, our support is never far away. Feel free to call us or visit one of our offices across nine provinces.
Find your path to financial freedom in Regina
The burden of debt can be overwhelming, but you don’t have to go through it alone. Our team in Regina is ready to assist you; just fill in the form below for a free, no-obligation chat.
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 Regina & Across Canada
If you’re located outside Regina, don’t worry—we operate in nine provinces, ensuring you can always find the support you need, wherever you are.