Debt Solutions & Consumer Proposals in Toronto
If you’re facing the weight of debt in Toronto, remember you’re not walking this path alone.
Our compassionate team of Licensed Insolvency Trustees is ready to support you in reclaiming your financial stability and steering you toward financial freedom.
Safe, secure & confidential
Toronto debt solutions catered to you
At Harris & Partners, we understand that the weight of debt can feel overwhelming. That’s why our skilled Licensed Insolvency Trustees in Toronto are here to make sure you don’t have to face this hurdle alone.
People can find themselves in financial hot water for all sorts of reasons – whether it’s an unexpected medical issue, losing your job, or simply spending beyond your means. No matter the cause of your debt, we are here to support you with judgement-free debt relief solutions.
If you have any questions on how best to deal with your debt problems, contact our Licensed Insolvency Trustees in Toronto today.
Toronto debt solutions catered to you
At Harris & Partners, we understand that the weight of debt can feel overwhelming. That’s why our skilled Licensed Insolvency Trustees in Toronto are here to make sure you don’t have to face this hurdle alone.
People can find themselves in financial hot water for all sorts of reasons – whether it’s an unexpected medical issue, losing your job, or simply spending beyond your means. No matter the cause of your debt, we are here to support you with judgement-free debt relief solutions.
If you have any questions on how best to deal with your debt problems, contact our Licensed Insolvency Trustees in Toronto today.
Consumer proposals in Toronto
At Harris & Partners Inc., we have over 50 years of experience and offer our Toronto bankruptcy services in many different languages to meet our clients’ needs. We also offer a variety of effective alternative solutions for those considering bankruptcy in Toronto, such as consumer proposals and debt consolidation.
If you or a loved one need help with debt problems, we offer debt solutions in Toronto that can help. Contact us today for a free, no-obligation consultation at 416-465-9593 or book an appointment online.
Debt help in Toronto - it's a simple process
Tell us about your debt situation and the financial challenges you’re facing in Toronto. We offer a confidential space where you can openly discuss your finances. To provide you with the best advice, we’ll need to understand your entire financial picture, including your income, debts, expenses, and creditors. Our consultations are private and offered at no cost.
After we fully understand your situation, we’ll work with you to develop a plan. We’ll explore various debt management options, ensuring we only move forward with strategies you’re comfortable with. We’re not here to push you into a decision, but to help you find a clear, tailored path towards financial independence.
Once we’ve identified the best options for you, we’ll put our plan into action. Your financial well-being is our priority, and we’ll offer continuous support and guidance throughout this process.
Our debt management solutions in Toronto
We recognize the burden that debt can place on your shoulders. Fortunately, there are various paths you can take in Toronto to address your financial challenges:
Why Harris & Partners
Specializing in tailored solutions, our Licensed Insolvency Trustees can help carve a path out of debt, potentially reducing what you owe by up to 80%.
You can count on our team in Toronto for clear, honest advice, no matter your language. From Farsi and Portuguese to Italian and Tamil, we remove the jargon so you understand everything clearly, every step of the way.
Our commitment extends beyond Toronto. With a network across nine provinces, support is just a call away, wherever you are.
Example Savings 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?
Licensed Insolvency Trustee in Toronto
Times are tough and financial difficulty can be caused by many things; losing your job, health problems, or just living beyond your means. Regardless of how you accumulated the debt, the Toronto Licensed Insolvency Trustees at Harris & Partners Inc. can help you regain financial control and deliver you to financial freedom.
If you are overwhelmed with debt payments, obtain debt relief help today by calling the Licensed Insolvency Trustees at Harris & Partners in Toronto, Ontario. We’re qualified to answer any questions you may have about the best way to deal with your unmanageable debts, and your initial consultation with us is completely free.
Harris & Partners: Toronto office
Our Licensed Insolvency Trustees are here in Toronto, ready to stand by you through your debt challenges. Check out our team and reach out today.
Your estate manager in Toronto
Mary joined the Harris & Partners team in 1987 and has been providing exceptional and personalized bankruptcy and proposal services in the Greater Toronto Area ever since.
Mary’s business major lies specifically in Consumer Behaviour which has allowed her to develop a very unique and individual service style.
In addition to being fluent in Greek, Mary’s years of experience are strengthened by her ability to place herself in her client’s shoes to ensure a sincere environment of genuine care and concern. She offers them a solution that is beneficial to their creditors while still allowing her client the privilege of being able to regain their financial power.
Address
How to get there
Transit: Take the Bloor-Danforth train towards Kipling. Exit at Pape. Follow signs for Pape Avenue, East Side. Walk 150 m to our office on Danforth.
Driving: Were located on the corner of Danforth Ave and Pape Ave.
Office hours
By appointment only:
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: by appointment only
5 steps to debt relief in Toronto
Facing debt can feel endless if we don’t have a plan. To help lighten your load, we suggest using these five steps in your path to debt reduction in Toronto:
Step 1. Create and stick to a budget
Creating a budget is the best first step you can take when tackling debt. Start by taking a look at your monthly outgoings and find areas where you can cut back a bit. Try to put aside at least 10% of what you earn each month. Doing this will help you:
- Build up a fund to pay off debts
- Have money on hand for surprise expenses
- Start saving for your future
Step 2. Prioritise the debts with the highest interest rates
If you have multiple debts, some will cost you more than others because of high interest rates. While you should always make at least the minimum payment on all your debts, direct any overpayments to the debts with high-interest first, since they grow faster over time.
Step 3. Shift your debts from high to low interest rates
One strategy to speed up debt reduction in Toronto is to transfer high-interest debts to accounts with lower interest rates. If you have a line of credit, you could use it to pay down high-interest credit card debt. You could even ask your bank to raise your credit limit to cover it.
If you own property, consider refinancing your mortgage or getting a second one to pay off higher-interest debts. This can bundle your debts into one lower-interest payment.
Step 4. Increase your income
If it’s possible, explore ways to boost your monthly income. When paying off debts, even the smallest amount can make a big difference. You might think about working some extra hours or maybe even picking up a second job. Alternatively, if you’ve got the space, housing a roommate or tenant could provide another stream of income to repay your debt with.
Step 5. Set up a personal payment plan
Repaying debt, like any other goal, requires a plan. Begin by figuring out what you specifically want to achieve in reducing your debt. Talking to a credit counselor can give you fresh tips on how to handle your finances better.
Make a calendar that shows when all your payments are due and how much you should pay. It’s also a good idea to set up automatic bill payments, so you can be sure you never miss a due date.
Get professional debt help in Toronto
We understand that it can be hard to get your finances back on track and it’s sometimes even harder to ask for help. Don’t worry, our helpful and trustworthy Licensed Insolvency Trustees will find the right solution for your financial situation, discreetly and confidentially.
Our Trustees speak both English & Greek, so if you have any questions about bankruptcy in Toronto or any other method of debt management, then call our Toronto office today!
If you are trying to find solutions for your debt problems, you should know that bankruptcy is only one option. At Harris & Partners Inc, we can help you with more than just bankruptcy.
Our Trustees are legally qualified to provide suitable debt solutions for your unique situation and can work on your behalf to speak with your creditors to reduce the amount you need to pay them. Other solutions that we can help with include debt consolidation, consumer proposals and bankruptcy for corporate and personal financial problems, so don’t let debt ruin your life for another minute more – contact Harris & Partners Inc.
Bankruptcy and debt management in Toronto
If you’ve lost control of your debt and are worried about your financial future, you might be thinking bankruptcy is your only way out. Our Licensed Insolvency Trustees have years of experience in helping people gain financial independence, without the need for bankruptcy. Ask yourself the following questions:
- Do I need to use my credit card(s) to pay for everything, even day-to-day essentials?
- Can I only afford to make the bare minimum payments on my credit card(s)?
- Are any payments I make made redundant by interest charges?
- Do I often need to borrow money just to get by?
- Are my outgoings more than what I have coming in?
- Have I received ‘red warning letters’ from my creditors?
- Have I lost sleep worrying about my debts?
- Are my debts affecting my physical and mental health?
If you answered yes to any of these questions, get in touch with our team today. We can talk you through your options and help you on your way to financial freedom.
Frequently asked questions
Alternatives to bankruptcy in Toronto
A consumer proposal is the most popular alternative to bankruptcy in Toronto. By allowing a Trustee to negotiate on your behalf with your creditors, a consumer proposal can be filed that will require you to only pay back a portion of your debts, freeing up valuable additional money for you each month. We specialize in Toronto consumer proposals, so contact us today to learn more.
What debt management services do you offer?
– Debt consolidation
– Danger signals
– Consumer proposals
– Corporate insolvency
– Bankruptcy
– Court-appointed receivership
– Complex commercial matters
Let the Toronto Licensed Insolvency Trustees at Harris & Partners help you regain financial control. Fill in the form below and take advantage of our FREE initial consultation offer.
What is a Consumer Proposal in Toronto?
A consumer proposal is a legal agreement in Toronto where you repay a portion of your debts under a Licensed Insolvency Trustee’s supervision. It reduces your total debt and extends the repayment terms without risking your assets.
How do I get debt help in Toronto?
If you help with your debt in Toronto, you can count on Harris & Partners for professional, compassionate guidance. We are fully qualified to provide a wide range of debt solutions and work with your creditors to reduce your overall debts. Our solutions include, but are not limited to:
- Debt consolidation
- Consumer proposals
- Corporate insolvency
- Bankruptcy
If you have been affected by debt and want to know how to reduce them or even have them completely written off, let the Toronto Licensed Insolvency Trustees at Harris & Partners Inc. help you regain financial control.
Are Debt relief programs a good idea?
Debt relief programs can be a beneficial tool for individuals struggling to manage their debts. However, it’s important to consider the potential effects on your credit score and ensure the program fits your unique financial situation. Always conduct thorough research, or get in touch with our professionals to talk through your options.
Can debt relief help with student loans in Toronto?
Yes, debt relief programs can help manage student loans in Toronto. Consumer proposals, for example, allow you to group your student loan debt, along with other debts, into a more manageable monthly payment.
The type of debt relief solution that suits you comes down to your individual circumstances – no two debts are the same. Student loans’ inclusion in debt relief have very specific restrictions, it is best to inquire with one of our professionals to learn more.
What Assets are Exempt from Bankruptcy in Toronto?
In Toronto, exempt assets include necessary clothing, household furnishings, work tools, a primary vehicle within a certain value limit, some pensions, and possibly some home equity.
How Do I Declare Bankruptcy in Toronto?
To declare bankruptcy, begin by speaking with a Licensed Insolvency Trustee in Toronto. They will evaluate your finances, outline your options, and guide you through the necessary paperwork and procedures if bankruptcy is your best route.
Find your path to financial freedom in Toronto
Navigating debt stress is tough, but you’re not alone. Our Toronto team is here, ready to offer the support you need. Reach out for a free, no-obligation chat.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 888-376-8488
- hello@harrispartners.ca
Contact form
Debt Relief in Toronto & Across Canada
We’re here for you, not just in Toronto but across nine provinces. Wherever you are, our support is honest, reliable, and just a call away.