Your Bankruptcy Trustee as Referee


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

When people ask me who I work for, I explain that as your bankruptcy trustee I’m like the referee in a hockey game; I’m not working for one side or the other. There are many who disagree with this view of the role of a trustee. Some people will say that since one of my […]

Mar 25, 2014

5 Tips For Dealing With Collection Agencies


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

It’s important to know how to talk to debt collectors when they call about an outstanding debt. If you are receiving calls from collection agencies, you need an action plan for what you are going to do and say. The first step is to ask yourself how bad is it? Are they calling for a debt […]

Feb 27, 2014

Cash Store Payday Lender Having Some Problems


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

UPDATE – Posted April 15, 2014 – Cash Store Financial Services Inc. Files for Bankruptcy Protection The Cash Store’s problems continue, as they have now filed for bankruptcy protection (under the CCAA, a form of bankruptcy protection used by large corporations).  They are now likely to be de-listed from the Toronto Stock Exchange.  The Cash […]

Feb 18, 2014

Love, Money & Debt: A Look At Debt & Marriage in Canada


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

It turns out many Canadian marriages start out in debt. Here is an infographic about how we deal with love, money & debt in relationships based on our survey about Marriage & Debt. Click to enlarge

Feb 11, 2014

Love & Marriage: Starting Out In Debt


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

It’s February, the time when many couples are thinking about making that ultimate commitment. Before you say “I do”, should you be talking about how much debt your potential partner might have? Today we released a Harris/Decima Research study that shows that four in ten Canadian couples say they are bringing debt into their marriage. According […]

Feb 10, 2014

Bankruptcy Rate Plummets in Ontario


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

In statistics just released by the Office of the Superintendent of Bankruptcy, the number of personal insolvencies filed in Ontario in November 2013 decreased by 10.4% as compared to the month of November 2012, continuing a trend of dramatic year over year declines throughout much of 2013.  Personal bankruptcy filings declined by 8.3%, while consumer […]

Jan 31, 2014

How Did I Get Into Debt?


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

The average Canadian now has over $114,000 in debt. Where does all this debt come from and why do people get into credit card debt in the first place? Our infographic can help you identify some of the warning signs that you may need help finding a way out of debt.

Jan 30, 2014

8 Reasons Why You Should Work With A Licensed Bankruptcy Trustee


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

Choosing a debt advisor is an important step in your overall debt recovery. There are a lot of different types of debt consultants in Ontario ranging from federally licensed Bankruptcy Trustees and accredited not-for profit credit counsellors to for profit debt consultants. Who you choose to work with is as important as choosing the right […]

Jan 28, 2014

Hear Us Live On the Radio Saturday January 18, 2014


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

Our professionals from Hoyes Michalos are often asked to appear as experts in the media, and this Saturday January 18, 2014 we will be appearing on two live call in radio shows. As a follow up to his article in the Huffington Post explaining that 1 in 6 Canadians will eventually go bankrupt, Doug Hoyes […]

Jan 17, 2014

Hoyes, Michalos First Year On Slideshare!


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

Starting in October of 2013, Hoyes, Michalos began sharing information about bankruptcy using a terrific new approach called Slideshare. Within 3 months we had 10 new presentations to help you understand bankruptcy.  Our most viewed content so far, as picked by our readers: Understanding Your Credit Rating The Bankruptcy Process What Triggers Insolvency Since starting […]

Jan 16, 2014