Creditor Protection: Consumer Proposal vs. Debt Management Plan

Posted in Consumer Proposals
Posted by Sandra Sykora, B.Comm, CIRP - LIT

Generally, the reason people contact us at Hoyes Michalos is to see what their options are for dealing with their debts. They're looking for debt relief so they can get a fresh start. However sometimes what prompts them to make a call is some type of creditor action: a collection call, a wage garnishment or threatened law […]

Why Doesn’t the Federal Government Consult Their Own Debt Literacy Experts?

Posted in In The News
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

We don't just have a financial literacy problem in Canada, we have a debt literacy problem. Household debt in Canada continues to skyrocket, reaching a "gravity-defying" $2 trillion in December 2016. While it's true that we carry significant mortgage debt (it increased 5.9% last year), my biggest concern is that consumer debt increased roughly 3.4% from […]

Surviving Job Loss with David Trahair

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Today's guest David Trahair provides practical steps to move ahead financially and put yourself in the best possible position after experiencing job loss.

Brother, Can You Spare A Dime?

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Listen in on this week's podcast as we discuss links between the depression era and a classic song that captures the emotions that run through families struggling with debt.

How To Minimize Debt as a Millennial

Posted in Money Tips

Starting out on your own is exciting, but it comes with the responsibility to make decisions. Making good financial choices from a young age will have an impact on your financial health for years. Lesson Plan Save more money Separate needs from wants. Pay off student loans asap Start an emergency fund. Use credit wisely. […]

Everything You Were Afraid To Ask About Debt

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Doug Hoyes and Ted Michalos held a LIVE webcast answering questions from real listeners and subscribers about dealing with debt. Here is the podcast version.

Best Of Show - Change Your Debt Perspective With Robert Brown

Podcasts
Posted in In The News
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Subscribe and download at iTunes or using the Stitcher app, or subscribe via our rss feed or download directly, or listen now: As I said on this show, Robert Brown's book Wealthing Like Rabbits contains the best first chapter in any personal finance book I have ever read.  (If you haven't read the book, you should).  This […]

Will Consumer Debtor Protection Services or Debt Assistance get you a Better Consumer Proposal?

Posted in Consumer Proposals
Posted by Ted Michalos, BA, CPA - LIT

Now that the Ontario government has restricted debt advisors from charging up-front fees before completing a settlement with creditors, many debt relief companies are switching their business tactics. What they now offer is so called consumer debtor protection services, debt assistance or consumer proposal referral programs. What is consumer debtor protection and what are they […]

Change Your Debt Perspective With Robert Brown

Podcasts
Posted in Money Tips
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Our guest this week, Robert Brown talks about how getting into debt and struggling to get out of debt again has as much to do with behaviour and mindset as it does with numbers.

Should I Buy Debt Relief Services Over The Phone?

Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

I’ve been hearing stories from clients who, before contacting our firm, received a phone call at home offering debt relief and debt management services. The telemarketing pitch goes something like this: “Do you have any credit card debt or bank loans that you want to reduce faster? We offer a government debt relief program that will […]