What is a Licensed Insolvency Trustee?

Ted Michalos Licensed Insolvency Trustee
Posted in Bankruptcy Trustee
Posted by Ted Michalos, BA, CPA - LIT

Bankruptcies and consumer proposals in Canada are debt restructuring options available under the Bankruptcy & Insolvency Act. Increasingly today consumers are choosing to file a consumer proposal and avoid declaring bankruptcy. In order to help consumers more easily recognize and identify individuals licensed to provide debt restructuring services (both bankruptcies and consumer proposals) under the […]

Consumer Proposal vs Bankruptcy – Which One is Right for You?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Consumer proposals and bankruptcies offer similar benefits, but differ in length and cost. How do you know which one is right for you? It will depend on your financial situation. Listen to this week's podcast as Ted Michalos compares consumer proposals vs bankruptcies.

Consumer Proposal vs Bankruptcy: Which is Better? Podcast 91, Transcript

Rebuild Credit with Doug Hoyes
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Listen to the podcast: Consumer Proposal vs Bankruptcy: Which One is Right for You? It's the last show of the month and as we do at the end of most months it's time for our Frequently Asked Questions show here on Debt Free in 30, last month on our Frequently Asked Questions show we only […]

Payday Loans a Symptom of a Bigger Problem: Study

Rebuild Credit with Doug Hoyes
Posted in In The News
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

The government of Ontario, and many other jurisdictions, are looking for ways to better regulate and control payday loans. Even Google has weighed into the fray by banning ads from payday lenders. Yet, most critics focus on the high costs associated with these loans and the short term nature of repayment. The payday loan industry claims […]

Planning for Retirement? Pay Off Debt & Start Practicing

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Have you put off saving for retirement? Find out how you can get back on track with today's podcast. My guest, David Trahair discusses his new book, The Procrastinator's Guide to Retirement: How You Can Retire in 10 Years or Less, and shares tips on how to prepare for your retirement.

Planning For Retirement? Get Tips from David Trahair, Podcast 90, Transcript

Rebuild Credit with Doug Hoyes
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Listen to the podcast: Planning for Retirement? Pay off Debt and Start Practicing Today we're going to talk about retirement and more specifically is it possible to retire in the future if you have debt today. My guest today is David Trahair, who was my guest way back on show 25, back in February 2015 […]

Cambridge Tour de Grand 2016

Howard Hayes, Licensed Bankruptcy Trustee Cambridge and Brantford Ontario
Posted in In The News
Posted by Howard Hayes, Btec, CIRP - LIT

I’m very pleased to announce that Hoyes, Michalos & Associates Inc. will once again be a proud sponsor of this year’s Cambridge Tour de Grand to be held Sunday, June 12th, 2016. The Cambridge Tour de Grand is an annual recreational bicycle event. I’ve enjoyed cycling for many years and this will be my 5th Tour […]

What is the Maximum Amount of Interest I Can Be Charged in Ontario?

Ted Michalos Licensed Insolvency Trustee
Posted in Debt Help
Posted by Ted Michalos, BA, CPA - LIT

Here is what I found in a couple of minutes searching the internet: The Bank of Canada overnight rate (the rate banks are charged to borrow) is 0.5% Mortgage rates are currently around 2% for the “best” qualified customers. Secured personal loans and lines of credit will cost about 6%. Unsecured loans and personal lines […]

Is the Canadian Housing Bubble about to Burst?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Have house prices in Canada risen too high? Is the Canadian housing bubble about to burst? My guest, Hillard Macbeth, believes it will and it is only a matter of time before it does burst. Listen to the podcast to find out more about the Canadian housing bubble.

When is the Canadian Housing Bubble Going to Burst? Podcast 89, Transcript

Rebuild Credit with Doug Hoyes
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Listen to the podcast: Is the Canadian Housing Bubble about to Burst? Is real estate in Canada in a bubble? Has it gotten so high that it's due for a crash? My guest today thinks so and we've got lots to talk about. So, let's get started. Who are you, what do you do and what's […]

10 Bankruptcy Definitions You Need To Know

Posted in Personal Bankruptcy

As licensed insolvency trustees, we will explain how bankruptcy works and what it will mean for you and your family. To help you understand the bankruptcy process here are 10 bankruptcy definitions you may want to know before your first meeting. View the infographic or scroll to the bottom for a text version and links to […]