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 […]
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 […]
Learn how collection agents use social media, and other databases, to find a debtor who owes money. Listen to our insider interview on today's podcast.
Listen to the full podcast Collection Agents: How Did They Find Me? Announcer: This is Debt Free in 30, where every week we take 30 minutes and get practical advice from industry experts about personal finance and living debt free. Here's your host, Doug Hoyes. Doug H: Have you ever wondered how a bill collector was […]
We have all heard of Elder Abuse, but few advisors have ever had to deal with it directly. In the last week at Hoyes Michalos, we have seen two blatant examples of elder abuse in our own practice and so I thought people could benefit from our experience. First, so that we’re clear, elder abuse is a […]
A consumer proposal can be defined as a proposal, or arrangement, made to creditors. Doug Hoyes talks with Ted Michalos and Joel Sandwith about consumer proposals and how they work.
From our season two podcast What is a Consumer Proposal? Announcer: This is Debt Free in 30 where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. Here's your host, Doug Hoyes. Doug H: It's the last weekend of the month, so as is our custom, today's […]
“Protection” is one of the words most often associated with bankruptcy. The purpose of this article is to explain some of the fundamental questions about what protection under the Bankruptcy & Insolvency Act (BIA) means. Bankruptcy protection applies equally to both personal bankruptcy and consumer proposals which means any comments we make below apply to […]
If you are wondering if declaring bankruptcy is the right solution to eliminate your debts, read through our handy infographic to answer some key questions: Do you qualify? What does bankruptcy do for you? Is bankruptcy the right solution? What are the alternatives to bankruptcy?
Looking to make a change or undergo a big life event? I talk with blogger Jessica Moorhouse, to get her advice about planning for & avoiding debt.
Listen to How To Plan For Big Life Changes With Jessica Moorhouse Announcer: This is Debt Free in 30, where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. Here's your host, Doug Hoyes. Doug H: So, let's get started. Who are you and what do you do? […]
According to the Canada Student Loan Program (section 4.3), the average student in Canada is graduating with more than $12,000 in student debt. That’s a pretty significant amount of debt to start out with in your early 20’s. Payable over a period of 9.5 years (extendable to a maximum of 14.5 years under certain circumstances) […]