Toronto Bankruptcy Trustee: Hoyes Michalos' Office at Yonge & Bloor

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

2 Bloor Street West
Suite 700 (7th floor)
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.

Starting Address:

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We are located directly above the Yonge-Bloor subway station.

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.