Foundation of Education Perth Huron – Gala


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in In The News
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

The mission of The Foundation for Education Perth Huron is to develop and integrate the rich and unique cultural, corporate, industrial, and agricultural resources of the community into the school system throughout Huron and Perth Counties in order to provide new educational enrichment opportunities to benefit both students and citizens.  Their biggest fundraiser is the Gala […]

Nov 3, 2014

5 Reasons Not To File Bankruptcy


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Personal Bankruptcy
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

There are many reasons why someone would file for personal bankruptcy in Canada as a means of dealing with their debts and getting a fresh start, but there are equally good arguments not to declare bankruptcy. Here are 5 common reasons why bankruptcy may not be your best choice and why you might want to avoid bankruptcy: Bankruptcy […]

Jun 26, 2014

Senior With Tax Debts. A Kitchener Bankruptcy Story


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Success Stories
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

A situation that we do not like to think about (but is very common in today’s society) is seniors with debts. With the increase in the availability of credit, more and more seniors are retiring with balances still owing on their credit cards. The extra layer that can happen is that these seniors often start […]

Apr 29, 2014

WSIB Debts, Clearance Numbers & Bankruptcy or Proposal


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Personal Bankruptcy
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

The Ontario Government made The Workplace Safety and Insurance Board (WSIB) coverage a mandatory requirement for most in the construction industry, including a self-employed contractor with no employees. This law requires these contractors to have a WSIB Clearance Number or Certificate in order to continue with their contracts and to be paid. These clearance numbers […]

Apr 22, 2014

Tired of Winter? How About Some UN-Golf In Support of Carizon


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Personal Bankruptcy
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

Hoyes, Michalos & Associates is happy to once again be the Platinum Sponsor for Carizon’s 3rd Annual UN-Golf Winter Classic being held on February 27th, and our own Doug Hoyes is the honorary volunteer chair of this year’s event. This evening is a fun filled fundraiser with the proceeds going to a good cause – […]

Feb 7, 2014

What’s Stopping You From Getting Out of Debt?


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Personal Bankruptcy
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

Think about this one for a minute… Everyone has their reasons for being in debt, but what are your reasons for not getting out of debt? One of the most common statements people make to me after they have started their plan to become debt free is “I wish I had done this sooner.”  The […]

Jan 7, 2014

Asking Your Questions Live on the Radio


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in In The News
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

We receive hundreds of e-mails every day from people experiencing financial hardship. Several of these e-mails ask similar questions so we have decided to provide answers live on the radio at 12 noon on Saturday November 14, 2009. Scott Schaefer, the bankruptcy trustee responsible for our Kitchener office, and Howard Hayes from our Cambridge office and […]

Nov 6, 2009

What is the Bankruptcy and Insolvency Act?


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Personal Bankruptcy
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

The Bankruptcy and Insolvency Act (the “Act”) is a Federal Law, which therefore applies to all of Canada. The current Act came into force in 1950, amending older versions of the law. There have been several changes or amendments over the years and currently there are more changes being considered. These changes are required periodically […]

Sep 27, 2006

Types of Creditors


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Personal Bankruptcy
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

When someone is experiencing financial difficulty, it is important that they understand the different types of creditors they have in order for them to properly assess the various options that are available to them to solve their problem. A “creditor” is a person or company that you (a debtor) owe money to. There are two […]

Jul 28, 2006

Student Loans and the Bankruptcy and Insolvency Act


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Personal Bankruptcy
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

Going to post-secondary school can be an expensive investment and sometime does not result in the income producing job that one may have hoped for. The Federal and Provincial governments have student loan programs to assist students while attending school. The loans do not require payments until sometime after schooling ends and then payments are […]

Jun 13, 2006