Consumer Proposal & Bankrupcty Toronto – Hoyes Michalos' office at Yonge & Bloor

Financial problems happen to people even in the busiest of cities such as Toronto. When financial problems seem overwhelming it is important to get professional advice. Sometimes people come to the point when they feel that filing personal bankruptcy is the best thing to do – their only option – but it not always the case. Often filing a consumer proposal is more effective choice for dealing with high personal debt.

The licenced bankruptcy trustees and professional staff at Hoyes Michalos Yonge and Bloor Street office in Toronto will make sure you understand all your alternatives – consumer proposal or credit counselling or personal bankruptcy – before you make the final decision.

Our Toronto Central office is conveniently located at the North East corner of Yonge Street and Bloor Street at 2 Bloor Street East (Suite 3500). We are accessible by TTC on the Yonge or Bloor-Danforth subway lines (Bloor-Yonge stop), and also via the PATH. There are several public parking lots within two blocks of our office. You can contact us at 1-866-747-0660 or 310-PLAN to book an appointment to come see us at this location (no drop-in appointments available).

How to contact our bankruptcy trustee in Toronto

2 Bloor Street East
Suite 3500
Toronto, Ontario
Phone: 310-PLAN (no area code required)
By appointment only;

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 Yonge & Bloor:

Since 1925, when Yonge and Bloor's first traffic signals were installed, the Yonge and Bloor intersection has been one of the busiest intersections in Toronto. Of course, the opening of the TTC's first subway line in 1954 truly transformed the area, allowing easy subway access to Eglinton in the north and Union Station to the south. In 1966 the Bloor/Danforth subway line opened, and today the Yonge-Bloor subway station is the TTC's busiest subway station, with an estimated 368,800 people boarding subway trains at this station each day.

All of this activity creates jobs and helps the economy but, unfortunately, even people passing through one of the busiest intersections in Toronto still get into financial trouble, which is why Hoyes Michalos has a consumer proposal and personal bankruptcy office at Yonge and Bloor in Toronto.

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.

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