Debt Settlement in Ontario: Are we getting close to new rules?


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

Governments move slowly.  Very slowly.  On January 4, 2013 the Ontario government announced new steps to regulate debt settlement companies.  I gave my comments in my post on Debt Settlement Company Crackdown in Ontario?, and posted my follow up thoughts in March, 2013 with the details of the proposed new debt settlement rules.  The government consulted […]

Oct 27, 2014

Predatory Practices of U.S. Debt Settlement Companies


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: Show #8 – How U.S. Based Debt Settlement Companies Take Advantage of Canadians – Blair Mantin Show Summary Blair Mantin is a trustee with Sands & Associates in British Columbia, where there are no laws to […]

Oct 25, 2014

U.S. Debt Settlement Companies and Consumer Proposals – Show #8 – 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 Predatory Practices of US Based Debt Settlement Companies [Start of recorded material 00:00:00] Doug Hoyes:     Welcome to Debt Free in 30. We’ve got a great show for you today. So let’s get started. I’d like my guest to introduce himself, who are you, where do you work and what do you […]

Oct 25, 2014

How Would I Design a Credit Scoring System


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

Early we talked about how the credit reporting system was broken because it supports financial decisions that cost you more money. If I could, I would design a system that benefits the consumer, not the banks (so it will never happen).  In my system a higher score would mean that I am doing better financially. […]

Oct 23, 2014

Why Our Credit Reporting System Is Broken


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

Do you care about your credit score? Most people do. You want a good credit score so you can get a credit card or qualify for a loan to buy a car or a house.  Makes sense. However, the steps you take to improve your credit score may not be sound financial decisions if all you […]

Oct 21, 2014

Credit Counselling vs. Debt Reduction Companies: What’s the Difference?


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: Show #7 – Accredited Not-for-Profit Credit Counselling vs Unregulated Debt Reduction Companies – Sue Davey Show Summary Sue Davey is a credit counsellor with the Family Counselling Centre of Brant, a full service […]

Oct 18, 2014

Credit Counselling and Debt Reduction Companies – Show # 7 – 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 Show # 7 – Credit Counselling vs. Debt Reduction Companies [Start of recorded material 00:00:00] Doug Hoyes:     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 are going to talk again about […]

Oct 18, 2014

Mortgage of 90% Or More A Bankruptcy Risk


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

Without the ability to borrow with a mortgage few of us would be able to buy a home.  That’s why mortgages are great, but only to a point.  It is possible to have too much mortgage. Avoid A High Ratio Mortgage A mortgage is considered a high ratio mortgage when you have less than a […]

Oct 16, 2014

Time To Change The RESP Rules for 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: Show #6 – RESPS with Mike Davies, Barton Goth, and Ted Michalos Show Summary On today’s podcast we cover several issues around Registered Education Savings Plans including: what they are and why you […]

Oct 11, 2014

RESPs – Show #6 – Full Transcript


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

RESPs with Mike Davies, Barton Goth and Ted Michalos, from Show #6 – Is it time to change the RESP rules for bankruptcy? [Start of recorded material 00:00:00] Doug Hoyes:     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 […]

Oct 11, 2014