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Consumer Proposal and Bankruptcy Services; Hoyes Michalos' office on King Street
You may not think that, in a city as busy as Toronto, bankruptcy is on the minds of some people - but, unfortunately, financial problems happen even in the busiest of cities, and it often happens that financial problems get so overwhelming that people come to the point when they feel that filing personal bankruptcy is the best thing to do and, in fact, their only option.
In a number of cases bankruptcy really is the correct option, but at Hoyes Michalos we will make sure you understand all of your alternatives, including consumer proposal and credit counselling before you make the final decision.
How to contact our trustee in bankruptcy in Toronto
8 King Street East
Suite 812 (8th floor)
Toronto, Ontario
Phone: 310-PLAN (no area code required)
By appointment only;
Building hours are from 8:00 AM to 6:00 PM Monday to Friday, but we operate by appointment only. Please call to book an appointment if you are dropping off a payment or information, or if you need to meet with us.
The new office is located at the corner of King Street and Yonge Street. It is the heritage Royal Bank tower and the entrance is on King Street just past Sleep Country.
We want to have enough time to answer all of your questions, so please call our Toronto bankruptcy office today at 310-PLAN for a free consultation appointment, or e-mail your questions to our bankruptcy trustee in Toronto, and let's get started.
Our Team at King & Yonge:
When filing personal bankruptcy, in Toronto or anywhere else in Ontario, you are required to make a payment based on your monthly income. Since many Toronto residents have income (but also high expenses due to the high cost of living in Toronto), bankruptcy can be a very expensive solution. For that reason a consumer proposal is often a better choice.
By filing a consumer proposal for you, we negotiate a settlement with your creditors. You make one monthly payment to us, and we distribute the money to your creditors. They may not get all of their money, but they get more than they would get in a bankruptcy, so they usually agree to a proposal. A proposal is a great option in many cases, because now you only have one monthly payment, with no interest. The collection calls and garnishments stop, and you can get on with your life.
For more information on bankruptcy and alternatives to bankruptcy in Toronto, please contact our Toronto bankruptcy office.
