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Consumer Proposals For Car loans

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Car loan consumer proposals

Are you looking for an alternative solution to bankruptcy when it comes to your car loan debt? Harris & Partners Inc. can help you file a consumer proposal.

You are entitled to keep your car in a consumer proposal as long as you are current on your payments and you continue to make the regular payments.

If you keep the car, the first payment you make after filing a consumer proposal starts a new contract. If you keep the car but in the future you become unable to make the payments, the debt cannot be added to your consumer proposal.

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A consumer proposal is not the only alternative

A consumer proposal is not the only alternative for dealing with car loan debt. Learn about filing for bankruptcy for car loans or learn about how you can finance a car outside of an insolvency proceeding.

For all debt related inquiries, contact the Licensed Insolvency Trustees at Harris & Partners Inc. today with offices located across Canada.

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Other Debt Types

Car Loans

Bankruptcy for car loans

Consumer proposals for car loans to you

Alternative car financing options

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Student loans to you

Payday loans

Tax debt

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Browse debt options in Canada

Consumer Proposals

Consumer proposals can be an alternative to bankruptcy that reduces debt and gives you more time to pay back creditors.

Legally stop most collection action
Usually keep your assets
Avoid bankruptcy

Bankruptcy

A last resort when other options won’t work. Some debts, such as support payments and court fines, aren’t released.

Wipe out most unsecured debt
Keep assets protected by provincial law
Support from your trustee throughout

Debt Consolidation

A loan from a bank or lender that combines several debts into one payment.

One payment instead of several
May lower your interest rate
Doesn’t reduce what you owe

Not available through Harris & Partners.

Debt Management Plan

A non-profit credit counsellor arranges one monthly payment to your creditors, usually over up to 5 years.

You repay the full amount owed
Interest may be reduced
Creditors don’t have to agree

Not available through Harris & Partners.

Credit Counselling

Non-profit credit counsellors help you understand your finances and build a budget.

Work out what you owe
Plan a budget
Learn money management skills

Not available through Harris & Partners.

Debt Settlement

Private companies negotiate a lump-sum payment with your creditors, who don’t have to agree. They aren’t Licensed Insolvency Trustees

Not regulated under the BIA
No legal protection from creditors
Fees often charged upfront

Not available through Harris & Partners.

Corporate Bankruptcy

An orderly way to close a company that can’t be rescued. Directors may still be personally liable for some debts.

Orderly wind-down of the company
Assets sold by the trustee
Ends creditor claims against the company

Division I Proposals

For businesses, and for individuals whose debts (excluding their mortgage) are over $250,000. Change the terms of your debt by reducing what you owe, extending the repayment period, or both.

Repay part of your debt over time
Keep your business or assets
Avoid bankruptcy

Corporate Insolvency

Options for a business that can’t pay its debts, from restructuring to an orderly wind-down.

Restructure through a Division I proposal
Protect jobs where viable
We’ll assess every option

Support across Canada

Why choose us for consumer proposals in Ontario?

Remove up to 80% of your debt

Our Licensed Insolvency Trustees can provide a customised consumer proposal that could shrink your debt by up to 80%.

Get debt help

Professional guidance in any language

Our multilingual team offers debt support in Farsi, Portuguese, Italian, Tamil, and more, so you can feel comfortable every step of the way.

Meet the team

Nationwide support

With offices in nine provinces, we offer in-person debt support across Canada—from Atlantic provinces to Ontario to British Columbia.

See our locations

Contact information

It's never too late to obtain debt help. Book your free consultation today

Phone number: 800-268-8093
Email: hello@harrispartners.ca

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   Cristina Fraser 
 1 November 2026
 
 
 Trustindex verifies that the original source of the review is Google. Very helpful, assisted me with all my questions.  Gave me choices that would be best for my situation.  So far so good.
  
 
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   Siulone 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. It was a desperate situation, and an urgent matter for me to quickly find the right LIT to resolve my credit cards' and line of credit debts because the monthly minimum payments alone were getting out of control and beyond what I could manage. Harris & Partners won over two other candidates I had searched for based solely on experience and costs. I'm now able to manage my personal bankruptcy filing with their assistance, and soon will be able to re-establish my good credit rating once again after the filing period completion.

Siulone (aka Tony D)
  
 
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 30 October 2026
 
 
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 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Great service!
  
 
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   AnnMarie Youden 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Thank you so much for giving me the opportunity to help me get back on my feet without stressing whats going to happen next
  
 
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   Dan Hainstock 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Been very helpful and relieved a lot of stress
  
 
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   Lucita Soriano 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Everyone on the team handled my situation with compassion and understanding. They were knowledgeable and helpful, guiding me through each step clearly and explaining everything in a way that was easy to understand. The total amount was reduced drastically. Overall I'm very happy with the way my debt was settled.
  
 
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   Mike M 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Highly recommended! Walked me through each step and offered reassurance along the way! My only regret is that I didn't reach out to them sooner! Thank you all so much!
  
 
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   Missus EmAreEss 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Very informative about the process and answered every question. Very helpful through the steps.
  
 
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   Jason 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Dealing with Harris and Partners has been an easy and pleasant experience. They have relieved the stress that I was having and have stopped the constant calls from creditors. I feel like I can breathe again and have my head above water instead of drowning.
I highly recommend Harris and Partners if you are having difficulty maintaining and are falling deeper into debt
  
 
 
  
 
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