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 […]

Harmony Square Movie Night: Fun For The Family

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

Hoyes, Michalos & Associates Inc. is proud to sponsor a Harmony Square movie night for a fourth year. Harmony Square Movie Nights provide free, quality movies for Brantford community residents while at the same time, inspiring visitors by showcasing a little downtown Brantford pride. These free weekly outdoor summer movies feature family-friendly box office favorites […]

Free Credit Score Comes With A Catch

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

The saying that ‘there is no such thing as a free lunch’ is a truism all consumers should consider whenever they are offered something for free. This especially holds true for the recent announcement by cutting edge lender Borrowell - who are now offering Canadians free access to their Equifax credit score. While you can […]

What Happens To Debt When House Prices Fall?

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

My guest on today’s podcast, Ben Rabidoux is the President of North Cove Advisors, a macro research firm that works with institutional investors like mutual fund companies, hedge funds, and pensions, providing a broad view of the economy at any time. He visits Debt Free in 30 to share his insights on the Canadian housing market, debt and house prices.

What Happens When House Prices Fall, Podcast 94, 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: What Happens to Debt When House Prices Fall? Back in May on Show number 89, my guest was Hilliard MacBeth, the author of a book called When the Bubble Bursts – Surviving the Canadian Real Estate Crash. And in the acknowledgement section of that book, Hilliard acknowledges the contribution of Ben […]

Helping Adult Children Financially Can Lead to Insolvency

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

It is a tale I am hearing far too often: “I was helping family financially and now I can’t afford my own bills”. Between the high cost of housing, student loans and the lack of quality full time jobs, Canadians in their 20’s and 30’s are stretched to the limit and their parents, and sometimes […]

Self Employed: Dealing with Business Debts

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

Doug Hoyes talks with our team of experts on how to manage business debts, including tax debts, when you are self-employed on this week's podcast with Ian Martin, Scott Schaefer and Ted Michalos.

What to do When You’re Self Employed with Taxes and Other Debts, Podcast 93, 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: Self Employed: Dealing with Business Debts Here on Debt Free in 30 we focus on how as a person you can become debt free. But what happens if you’re self employed or you own a business and you have debt problems? Is having business debt different than having personal debts? It's […]

Consumer Proposal Can Break the Debt Cycle

Rebuild Credit with Doug Hoyes
Posted in Consumer Proposals
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Debts don’t just appear overnight and neither does a personal debt crisis. Your debt probably started out fairly manageable. After all, most people borrow money with the full intention of repaying their debts. As debts pile up however, this creates a big problem, a debt cycle of using new debt to keep up with mortgage […]

Payday Loans Not The Real Problem: Consumer Debt Is

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

The Ontario Government is reviewing current payday loan legislation and is considering changes. It’s no secret that there are problems with payday loans. In fact, we will cover a few and offer some payday loan alternatives.

Payday Loan Problems, Podcast 92, 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: Payday Loans Not The Real Problem, Consumer Debt Is We've had a few shows this year where we've talked about payday loans and I've had guests who've done research on this topic and have given their solutions to what we call the payday loan problem. But what is the payday loan problem? […]