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

3 Common Questions About Bankruptcy

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: Today I sit down with Joel Sandwith, trustee in bankruptcy and consumer proposal administrator at Hoyes Michalos working out of our London and Sarnia offices. Normally we broadcast an FAQ show on the last Saturday […]

Jul 4, 2015

Show #44 Transcript - FAQ Show With Joel Sandwith

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: 3 Common Questions about Bankruptcy Doug H:            Welcome to Debt Free in 30, the show 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 is a Frequently Asked Questions show but we found […]

Jul 4, 2015

Pick the Right Bankruptcy Trustee By Asking These 5 Questions

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

If you are considering filing bankruptcy or a consumer proposal, you must select a trustee to work with you throughout the process.  All bankruptcy trustees in Canada are licensed by the Federal government. That means that each has gone through extensive training and gained practical experience necessary to practice bankruptcy law and be granted a license. So technically, […]

Jul 2, 2015

Seniors Going Bankrupt At A Record Pace

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

Seniors are filing bankruptcy more than ever before and the trend is likely going to continue. Our 2015 Joe Debtor study showed that indebted seniors aged 60 and older accounted for 10% of all insolvency filings in Ontario, up from 8% four years ago. Industry Canada reports similar bankruptcy results across Canada with 10% of insolvencies filed by […]

Jun 30, 2015

Student Loan Forgiveness and Bankruptcy Law

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

Daniel Veinot, partner at Waterloo, Ontario law firm Duncan Linton discusses student loan debt forgiveness and how it is handled by bankruptcy law. Daniel has appeared in bankruptcy court many times on behalf of individuals looking for student loan debt relief and answers questions on how bankruptcy deals with student loan debt.

Jun 27, 2015

Show #43 - Transcript - Student Loans and Bankruptcy

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 Student Loan Forgiveness and Bankruptcy Law 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. Today we're going to talk about student loans and specifically what happens to student loans if […]

Jun 27, 2015

Why Credit Cards Can Be So Dangerous

Posted in Debt Help

Credit cards as a method of payment, are more popular among Canadians than ever. In fact, a recent survey by the Bank of Canada reported that credit card use was on the rise, in terms of number and value of payments, while both cash and debit card use declined. And the increase occurred across almost all […]

Jun 25, 2015

Is It A Good Idea To Get A Credit Card During Bankruptcy?

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

One of the biggest worries people have about filing bankruptcy or a consumer proposal is the loss of their credit cards. We talk with Jim Dunbar of Affirm Financial about an unsecured credit card they offer, for a cost, to individuals currently in bankruptcy or a consumer proposal and whether it's a good idea.

Jun 20, 2015

Show #42 - Full Transcript - Credit Cards During Bankruptcy

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 - Is It A Good Idea To Get A Credit Card During Bankruptcy? Doug H:            Welcome to Debt Free in 30, where every week we take 30 minutes to talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. As I record this show in June 2015, interest rates […]

Jun 20, 2015

Rethink The Way You See Bankruptcy

Howard Hayes, Licensed Bankruptcy Trustee Cambridge and Brantford Ontario
Posted in Personal Bankruptcy
Posted by Howard Hayes, Btec, CIRP - TRUSTEE

More often, we hear from our clients about bankruptcy being a positive experience.  The old stigmas associated with filing a bankruptcy are slowly being lifted and it’s not the taboo subject that it once was. In fact, people we help tell us the most stressful part about declaring personal bankruptcy was the period of time building up to […]

Jun 18, 2015