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

Joint Consumer Proposal: Dealing With Joint Debt


Ted Michalos, Licensed Bankruptcy Trustee
Posted in Consumer Proposals
Posted by Ted Michalos, BA, CPA - TRUSTEE

A consumer proposal is Canada as a negotiated debt settlement arrangement made between a debtor and his creditors through a licensed Consumer Proposal Administrator under the Bankruptcy and Insolvency Act. So what happens when two people are liable to repay the same debt? It is possible for two people to file a joint consumer proposal […]

Nov 27, 2014

Challenges of Managing Money in a Booming Economy


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: Personal Debt is a Problem Even in a Booming Economy – Lessons From Alberta Show Summary On today’s show Barton Goth, a bankruptcy trustee from Goth & Company in Edmonton, Alberta, talked about how […]

Nov 22, 2014

Debt Advice from Booming Alberta – Show #12 – Full Transcript


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

Full Transcript from Challenges of Managing Money in a Booming Economy [Start of recorded material – 00:00:21] Doug:                Welcome to Debt Free in 30 where every week we talk to industry experts about personal finance, debt and general money management. My name is Doug Hoyes and I am joined today by yet another guest expert. […]

Nov 22, 2014

Family Debt Crisis: An Oshawa Success Story


Posted in Success Stories

Sometimes it helps to learn from others experiences. It can also be a relief to know that you are not alone in your struggles to deal with debt problems. Today we start the first of our new blog posts about client case studies. Each month we will provide a new case study of debt scenarios we […]

Nov 20, 2014

The Pros and Cons of Canadian Bankruptcy


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

If you are thinking about filing for bankruptcy in Canada, it is important to know the pros and cons of bankruptcy before you file. Pros: The creditor calls will stop. When you file for bankruptcy, your creditors are no longer able to contact you for collection of the debt. Bankruptcy stops most wages garnishments. When you […]

Nov 18, 2014

Turning Debt into Hope with Chris deVries


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: How a Financial Counsellor (and ex-banker) Helps Turn Financial Problems into Hope Show Summary Our guest today is Chris deVries, who worked for over 13 years with a large Canadian bank.  The morning […]

Nov 15, 2014

Turning Debt into Hope – Chris deVries – Show 11 Full Transcript


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

From podcast Turning Debt Problems into Hope with Chris deVries [Start of recorded material]    [00:00:00] Doug H:            Welcome to Debt Free in 30. My name is Doug Hoyes This is the weekly show where we talk about money, debt and person finance. I’ve got a great guest with me here today so let’s get started. […]

Nov 15, 2014

4 Stages of A Consumer Proposal


Posted in Consumer Proposals

If you are wondering how a consumer proposal works, our infographic makes the process easy to understand by looking at the 4 stages of a proposal: Stage 1: Assessment & Payment Plan Stage 2: Filing & Voting Stage 3: Making Payments Stage 4: Completion & Credit Repair

Nov 13, 2014

How To Interview Your Consumer Proposal Administrator (or any debt advisor)


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

I’d like to tell you about someone who came to talk to me about filing a consumer proposal. I’ll call him Paul (not his real name). What makes this an interesting story is that at his initial consultation meeting Paul had some very good questions about what we do, in particular how a consumer proposal administrator compared to other […]

Nov 11, 2014

Will I Lose My House in Bankruptcy: FAQ Video


Posted in Personal Bankruptcy

One of the most commonly asked questions we receive, our video explains that you don’t automatically lose your home when you file bankruptcy. Since the situation can become complicated, more information is available in our full article about how bankruptcy affects your home and your car. TRANSCRIPT One of the most common concerns people have […]

Nov 10, 2014