Student Debt and Bankruptcy Alarmingly A Women's Issue

how to deal with a wage garnishment
Posted in In The News
Posted by Ted Michalos, BA, CPA - TRUSTEE

Every two years we issue a report that provides a detailed analysis of emerging trends in bankruptcy filings in Ontario.  We track debt loads by age, income level, marital status and gender.  We also compare types of debt, secured versus unsecured, credit cards, personal loans, income taxes and payday loans. From this information we get […]

Jul 9, 2015

Dispelling Myths About Bankruptcy

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Personal Bankruptcy
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Bankruptcy. We see it as one of those ugly, better-left-unsaid words that elicit a strongly negative reaction. But is our distaste completely warranted? Sure, it’s not a pleasant concept, but so much of the stigma attached is due to commonly believed myths about bankruptcy that emerge from misconceptions and misinformation. We hear certain myths about […]

Oct 15, 2013

Best of Show: Seniors and Debt - Bag Lady Fears

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Subscribe and download at iTunes or using the Stitcher app, or subscribe via our rss feed or download directly, or listen now: Aging and Debt - Bag Lady Fears with Dr. Lee Anne Davies One of the hottest topics this year is the increase in debt owed by seniors.  This is the podcast that started the […]

Aug 1, 2015

Tips For Rebuilding Credit After Bankruptcy

Posted in Debt Help

The purpose of a bankruptcy or consumer proposal is to eliminate most or all of your debts so that you can focus on creating positive and lasting financial habits to avoid incurring more debt in the future. Part of this process includes rebuilding your credit. Don't rush to gain credit following your bankruptcy, instead, focus on working with […]

Jul 30, 2015

Best of Show: Budgeting for Maternity Leave

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Our episode "How To Prepare Financially For Maternity Leave" with Christi Posner, a Credit Counsellor for The Credit Counselling Society was one of our most downloaded podcasts. Listen to the show.

Jul 25, 2015

What Do I Need To Disclose To My Bankruptcy Trustee?

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Bankruptcy Trustee
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Before you file for bankruptcy in Canada, you are required to meet with a licensed bankruptcy trustee who will assess your financial situation. This assessment serves two purposes: It allows the trustee to fully review your situation and provide you with personalized advice regarding your options, and it gives you the opportunity to ask questions and to […]

Jul 23, 2015

How Does Bankruptcy Work? An Infographic

Posted in Personal Bankruptcy

Bankruptcy is a legal process that provides protection from your creditors and eliminates your debts. Our easy to understand infographic explains: What you need to file; What happens when you go bankrupt How long you will be bankrupt What you need to do during bankruptcy and What to expect after bankruptcy.

Jul 21, 2015

How Are Certain Debts Affected In A Bankruptcy?

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

We wrap up our Debt Free in 30 FAQ series with a discussion with Adam Rauf, bankruptcy trustee and consumer proposal administrator about how lease obligations, tax debts and 407 ETR debts are treated in a bankruptcy or consumer proposal and whether or not you can pay your proposal off early.

Jul 18, 2015

Show #46 - FAQ: Debts Eliminated with Adam Rauf

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Listen to the podcast: How Are Certain Debts Affected In A Bankruptcy Doug H:            Welcome to Debt Free in 30, the show where every week we take 30 minutes to talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. Normally the last Debt Free in 30 every month is a frequently […]

Jul 18, 2015

A Day In The Life Of A Bankruptcy Trustee

Rebecca Martyn, Licensed Bankruptcy Trustee Chatham, Leamington & Windsor Ontario
Posted in Bankruptcy Trustee
Posted by Rebecca Martyn, CPA, CGA, CIRP - TRUSTEE

Most people know the role of a bankruptcy trustee, but have you ever wondered what a trustee really does during the work day?  Some days are busier than others, but the thing I like about doing what I do, is that no two days are the same. Here is what I did yesterday. 8:30-9:00 am - […]

Jul 16, 2015

What It Means To Go Bankrupt

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Bankruptcy trustee Benny Mendlowitz talks about what it means to file bankruptcy and answers several key questions including whether you can keep a credit card if you decide to declare bankruptcy.

Jul 11, 2015

Show 45 - Full Transcript - FAQ 'Going Bankrupt' with Benny Mendlowitz

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Listen to the podcast - What It Means To Go Bankrupt Doug H:            Welcome to Debt Free in 30, where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. Normally the last Debt Free in 30 show every month is a frequently asked questions show, […]

Jul 11, 2015