Consumer Proposals & Debt Solutions in Ottawa, ON
Licensed Insolvency Trustee & Consumer Proposal Administrator
Regus Business Centre, 343 Preston Street, Ottawa, Ontario, Canada, K1S 1N4
Tel: (888) 491-6326
Facing Debt in Ottawa, Kanata, or Gatineau? We Can Help.
If you’re dealing with debt stress in Ottawa or nearby communities like Kanata and Gatineau, our local office is here to support you. Whether you’re behind on credit card payments, receiving collection calls, or struggling to manage monthly bills, we offer tailored solutions—including consumer proposals—to help you move forward.
For over 45 years, we’ve helped more than 200,000 Canadians find relief from unmanageable debt. Our experienced team will work with you to review your situation, explore your options, and create a personalized plan to reduce your debt and rebuild your financial stability.
Call (888) 491-6326 or book a free, confidential consultation today to learn more about your options—like filing a consumer proposal in Ottawa—and take the first step toward a fresh start.
Our Debt Relief Services in Ottawa, ON
We offer a range of trusted solutions to help you get back on track. Every option is tailored to your unique financial situation and administered by experienced professionals who understand the local landscape.
Consumer Proposal
A legally binding agreement that can reduce your unsecured debt by up to 80%—and stop interest and collection calls. Administered by a Licensed Insolvency Trustee.
Personal Bankruptcy
A fresh financial start for those who cannot repay their debts. Bankruptcy eliminates most unsecured debts and provides immediate legal protection from creditors.
Credit Counselling
Get personalized advice and budgeting support from our team. We’ll help you build better financial habits and improve your long-term money management.
Debt Consolidation
Simplify your debt by combining multiple payments into one affordable monthly amount. A good option if you have steady income and want to avoid legal proceedings.
Debt Settlement
Negotiate a lump-sum payment to settle your debt for less than you owe. Best suited for those who have access to funds and want to resolve debts quickly.
Meet Our Ottawa Debt Experts
Our experienced local team is dedicated to helping individuals and families in Ottawa and surrounding communities find a path out of debt and toward financial stability.
With over 45 years of expertise in Canadian debt solutions, we understand the unique challenges people face—and how to solve them. Whether you’re considering a consumer proposal, need guidance on budgeting, or simply want to explore your options, our team offers compassionate, judgment-free support every step of the way.
We’re here to listen, explain your options clearly, and help you take confident next steps toward a debt-free future.
Consumer Proposals in Ottawa
A consumer proposal is a powerful, federally legislated debt solution that allows you to settle your unsecured debts for less—without going bankrupt. It’s one of the most effective ways to regain financial control while keeping your assets and avoiding the long-term consequences of bankruptcy.
If you’re living in Ottawa or surrounding areas like Kanata or Gatineau, our Licensed Insolvency Trustees can help you determine if a consumer proposal is the right path forward.
Why Choose a Consumer Proposal?
- Reduce your debt by up to 80%
- Stop collection calls and wage garnishments immediately
- Avoid bankruptcy while keeping your home, car, and assets
- Make one affordable monthly payment over up to 5 years
- No interest or additional penalties once the proposal is filed
- Filed with a government-regulated Licensed Insolvency Trustee
- 98% of consumer proposals filed are successfully accepted by creditors
Cost and Process of a Consumer Proposal in Ottawa
One of the key benefits of a consumer proposal is the predictable cost. Unlike other debt options, there are no hidden fees. Everything is outlined upfront—and your monthly payments are based on what you can afford.
What Does a Consumer Proposal Cost?
The cost of a consumer proposal in Ottawa is based entirely on your negotiated repayment amount. This amount:
- Is typically significantly less than what you owe—often up to 80% lower
- Includes all fees (no additional payments to the Licensed Insolvency Trustee)
- Is interest-free once the proposal is filed
- Is spread out over a maximum of five years, with flexible payment terms
You’ll know the total cost before you agree to anything—and you won’t pay a cent until the proposal is officially filed.
How the Consumer Proposal Process Works
Getting started is simple and confidential. Here’s how it works:
Book a Free Consultation: Speak with our Ottawa-based team to review your debt situation and explore your options.
We Draft and File Your Proposal: If a consumer proposal is right for you, we’ll prepare the paperwork and submit it to your creditors for approval.Start Making Monthly Payments: Once accepted (over 98% of proposals are), you’ll make one affordable monthly payment—no more interest, collection calls, or wage garnishments.
Complete the Program and Rebuild: After completing your payments and two brief financial counselling sessions, you’ll be officially debt-free—and ready to rebuild your credit with confidence.See What You Could Save
Wondering how much a consumer proposal could actually save you? Use our free Debt Payment Calculator to compare what you’re paying now with what a consumer proposal could reduce your payments to—versus options like debt consolidation or minimum credit card payments over the next 5 years.
Instantly Compare:
● Total debt vs. total repayment
● Monthly payment estimates
● Interest savings over time
● Time to become debt-free
You Pay:
$6,000
You Save:
$0
Consumer Proposal (0% Interest Rate)
You Pay
$6,000
You Save
$0
Debt Consolidation (12% Interest Rate)
You Pay
$8,008
Do Nothing (19% Interest Rate)
You Pay
$9,339
Consumer Proposal vs. Debt Consolidation
If you’re struggling with debt in Ottawa, it’s important to understand the difference between a consumer proposal and debt consolidation—and which option offers the most long-term relief.
While both can simplify your payments, only one can reduce the total amount you owe without requiring new loans.
Consumer Proposal
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Debt Reduction
Yes — reduce debt by up to 70–80%
-
New Loan Required
No
-
Interest
0% interest once filed
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Creditor Protection
Yes — legally stops collection calls and wage garnishments
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Eligibility Based on Credit
No credit check required
-
One Monthly Payment
Yes
-
Government-Regulated
Yes — filed through a Licensed Insolvency Trustes
Debt Consolidation
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Debt Reduction
No — you repay 100% of what you owe
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New Loan Required
Yes — requires qualifying for a loan
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Interest
Often 10–30% interest, depending on credit score
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Creditor Protection
No legal protection — creditors can still contact you
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Eligibility Based on Credit
Approval is based on credit rating, income and total debts
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One Monthly Payment
Yes
-
Government-Regulated
No — typically managed by a lender or private agency
Why More People in Ottawa Are Choosing Consumer Proposals
If your debt has become unmanageable and you’re struggling to qualify for a loan, a consumer proposal in Ottawa offers a more realistic, affordable, and legally protected path forward.
Filing Personal Bankruptcy in Ottawa
For some people in Ottawa, bankruptcy may be the most practical way to deal with overwhelming debt—especially if other options like a consumer proposal or consolidation loan aren’t viable.
Filing bankruptcy is a legal, government-regulated process that eliminates most unsecured debts and provides immediate protection from creditors. While it’s often considered a last resort, it can offer the fastest path to a fresh financial start.
When Is Bankruptcy the Right Option?
- Your income is too low to make proposal payments
- You have few or no assets to protect
- Your debts far exceed your ability to repay them
- Collection calls, legal threats, or wage garnishments have become unmanageable
What to Expect When Filing Bankruptcy
Our local Ottawa team will guide you through each step with clarity and compassion:
Free Consultation
We assess your full financial picture and help you understand your options, including bankruptcy and alternatives.
Filing the Bankruptcy
If bankruptcy is the best solution, your Licensed Insolvency Trustee will prepare the legal paperwork and file it on your behalf.
Immediate Creditor Protection
Once filed, all wage garnishments, lawsuits, and collection efforts must stop by law.
Complete the Proces
Most first-time bankruptcies last 9 to 21 months. You’ll complete two credit counselling sessions and, once discharged, you’ll be legally released from your eligible debts.
A Fresh Start with Local Support
Our goal isn’t just to help you file bankruptcy—it’s to help you get back on your feet. If you’re considering bankruptcy in Ottawa, we’re here to walk you through your options and make sure you feel confident about your next step.
Additional Debt Relief Options in Ottawa
If you’re struggling with specific types of debt in Ottawa, we offer personalized solutions to help you break free—whether it’s credit card debt, payday loans, or another financial burden. Our local team is here to guide you through effective, legal options to regain control of your finances.
Need Help with a Specific Debt in Ottawa?
No matter the type of debt, our experienced team is here to provide the guidance you need. Whether you’re dealing with credit card debt, payday loans, student loans, or tax issues, we’ll help you explore your options and choose the best solution for your financial situation.
Contact Us for Ottawa Debt Help
If you’re looking for trusted, local debt relief in Ottawa, we’re here to help. Call (888) 491-6326 to schedule a free, confidential, no-obligation consultation. Our team will review your debt-relief options, answer your questions, and work with you to create a personalized plan that helps you regain control of your finances.
We’re here to make the process as easy and stress-free as possible. Our team at the Ottawa office is committed to offering expert, judgment-free advice and support to help you through this difficult time.