Consumer Proposal Ottawa

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Effective Debt Relief with Consumer Proposals in Ottawa

Is the burden of debt in Ottawa getting heavier and heavier? Are you struggling to keep up with minimum payments? Consumer Proposal Ottawa can be the right solution to your financial worries! The experienced Licensed Insolvency Trustees of Risman Zysman are here to help you with personalized plans that help you overcome your financial challenges.

Book a free consultation today by calling 416-222-4600 and find out if a consumer proposal is right for you!

Flexible Debt Repayment Options in Ottawa

A consumer proposal in Ottawa gives you a flexible debt repayment option on your road to financial recovery. We understand that every individual’s financial circumstances are different, and Risman Zysman offers a range of customizable options for your consumer proposal. 

You can include any unsecured credit in a consumer proposal, including:

  • Credit card debt
  • Personal Loans
  • Lines of credit
  • Payday loans
  • Certain student loans
  • Income tax debts

Please note that you can only include student loans in your consumer proposal if you have ceased being a student at least 7 years ago.

It is also important to note that you cannot include any secured debt in a consumer proposal in Ottawa, such as car loans or mortgages, which are guaranteed by an asset. You also cannot include support or alimony payments, court fines and penalties.

Book a free consultation today for Ottawa Consumer Proposal

Consumer Proposal Process in Ottawa ON

The process of a consumer proposal in Ottawa is pretty simple. You meet with a Licensed Insolvency Trustee for a free consultation, which you can book by calling (416) 222-4600 today. The LIT will then carefully review your financial situation with all unsecured debts, interest, income and expenses to determine if a consumer proposal is the right option for you.

If a consumer proposal is deemed the best option, the LIT will negotiate a proposal with your creditors you can reasonably afford.

They will then prepare a consumer proposal and send it to your creditors for approval. If they accept the consumer proposal, you will make the agreed-upon payments to your LIT, and after the consumer proposal Ottawa has been fulfilled, the remaining debt is discharged.

Check out how much a consumer proposal costs.

How to File Consumer Proposal in Ottawa ON

The first step of filing a consumer proposal in Ottawa is to schedule a free consultation with a Licensed Insolvency Trustee. They will review your financial situation, and if a consumer proposal is the best option for you, they will determine how much of a monthly payment you can reasonably afford.

Then they will prepare a consumer proposal and send it to your creditors. This consumer proposal will outline your repayment terms, including the amount you will pay and the length of time you have to pay it.

As soon as the consumer proposal is filed, all legal action, such as collection calls or wage garnishments, will cease immediately, and all interest on the debt included in the consumer proposal will be frozen.

From this moment on, you will make the agreed-upon monthly payment to your LIT, who will then distribute the money as outlined in the consumer proposal. Once you have completed all payments, the remaining debt will be discharged.

Meet Our Ottawa Debt Experts

If you are struggling with debt and considering a consumer proposal in Ottawa, speaking with a licensed insolvency trustee is crucial to determine if a consumer proposal is the right option for you. Risman Zysman are trusted professionals who can help you navigate the consumer proposal process and work with you to find a solution that meets your needs.

Book your free consultation with us today at (416) 222-4600, and one of our professional LITs will be happy to assist you with your consumer proposal in Ottawa.

Why Choose Risman and Zysman for Consumer Proposal Services in Ottawa

Risman Zysman has over 45 years of experience providing quality debt solutions. Our team of professionals understands the fears and frustrations of individuals facing financial difficulty. At Risman Zysman, we present each client with a full range of options and guide them to make the right choices so they can move forward.

Book a Free Consultation with Ottawa Debt Experts

To find out how we can help you and if a consumer proposal is right for you, call (416) 222-4600 and get a free, confidential, no-obligation consultation today! Risman Zysman can help you on the road to financial recovery.

Book a free consultation today for Ottawa Consumer Proposal

Want to File for a Consumer Proposal in Ottawa? Talk to Risman Zysman Today

If you’re looking to file for a Consumer Proposal in Ottawa, Risman Zysman can help. With years of experience and expertise, they offer flexible solutions with personalized advice tailored specifically to your needs. Their team is available to answer any questions that you may have and provide guidance as needed.

Don’t hesitate to reach out today at  (416) 222-4600 and learn more about Consumer Proposals, so you can make informed decisions and have the peace of mind that comes with working with experienced professionals.


The first step to filing for a consumer proposal is to contact a Licensed Insolvency Trustee at Risman Zysman Inc.

Speak to one of our Licensed Insolvency Trustees at (416) 222-4600 today for a free consultation to determine your eligibility for a consumer proposal in Ottawa.

A consumer proposal can reduce up to 80% of your debt.