Overcoming Drug Addiction and Debt

Podcasts
Posted in Success Stories
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Today's podcast guest, James, is a real life client who talks about his drug addiction and recovery and how bankruptcy helped him deal with the debts he accumulated while an addict. It's an inspiring story for anyone battling addiction and debt problems.

Debt Snowball Method vs High Interest First

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

When it comes to determining how to get out of debt many popular authors like Gail Vaz-Oxlade have developed effective systems and offered great suggestions that can help you get out of debt and, most importantly, help you avoid going back into debt. One of the more common get out of debt methods found throughout the internet is […]

You Are Not A Loan. You Are Not Alone.

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

Debt isn't always about the numbers. On this episode of Debt Free in 30, Melanie Lockert explains how to overcome the emotional side of debt & why we shouldn't internalize our feelings about it.

Best Christmas Present Ever. Financial Fresh Start.

Posted in Testimonials
Posted by Billy Martell, BA - LIT

Even a bankruptcy discharge can be seen as a good gift, at least according to a happy Hamilton couple we've heard from this week after receiving their certificate of discharge. Thank you very much, the best Christmas present and a great start to the New Year. We would like to thank everyone at Hoyes Michalos for helping […]

Where To Get A Consumer Proposal Filed

Posted in Consumer Proposals
Posted by Rebecca Martyn, CPA, CGA, CIRP - LIT

When you need to file a consumer proposal, where to file depends on two factors: Who is legally able to file a consumer proposal for you; and How the Bankruptcy & Insolvency Act defines your ‘location’. In order to file a consumer proposal, you first need to meet with a licensed trustee. Your initial discussions […]

Will Rogers Cancel My Cellphone, Cable & Internet Service If I Go Bankrupt?

Posted in Personal Bankruptcy
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Thirty years ago no-one had a cellphone. Today, almost everyone in Canada over the age of 10 has a smartphone for on the go and cable and internet service at home. So do you lose those services if you file a consumer proposal or bankruptcy? The truth is the answer doesn’t boil down to technical […]

Dealing With Debt When The Unexpected Happens

Posted in Success Stories
Posted by Howard Hayes, Btec, CIRP - LIT

Even debts that appear moderate at first can cause financial problems when something unexpected happens. Job loss, divorce and illness are some of the primary reasons why people end up turning to a bankruptcy trustee for financial help as discovered by a young Cambridge, Ontario couple coping with the impact of an unexpected illness of their […]

Scary Debt Stories: They Did What?!

Podcasts
Posted in Bankruptcy Trustee
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Collection agents and acquaintances are not always honest. On today's Debt Free in 30 episode, we talk with industry experts to hear their scary debt stories and how they handled each situation.

How Young Is Too Young For Bankruptcy?

Posted in Personal Bankruptcy
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Financial problems can happen at any age. While the average age of the typical bankrupt person we see is in their mid-40s, we have helped individuals as young as 18 and as old as 91. Although filing insolvency is fairly rare for people in their 20s, it is not uncommon. In fact, a study by our […]

Best of Show: Findependence - Jonathan Chevreau

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

We talk with Jonathan Chevreau about how to adopt a form of guerilla frugality in order to get out of debt, stay out of debt and reach your goal of financial freedom.