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Important facts you should know about bankruptcy

You will not "lose everything" if you file bankruptcy in Canada. Under Ontario law, most personal belongings are exempt from seizure. It's even possible to keep your car and house!

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Learn exactly how bankruptcy affects your life.
Evaluate your alternatives to bankruptcy with our Debt Options Calculator.
Understand the bankruptcy process and your role and responsibilities in bankruptcy.
Be aware of the costs of bankruptcy in Ontario.
Contact us for a no-charge, confidential consultation.

You get a fresh financial start when you file for bankruptcy in Ontario. It is a legal process that allows you to eliminate most (if not all) of your debts. Collection agencies and creditors stop calling. Wage garnishments stop.

You could be eligible for an automatic discharge in 9 months – if you are a first-time bankrupt with no surplus income, if you have completed all of your duties and if no creditors object.

There are alternatives to bankruptcy that might be a better solution for you.

What do I do next?

Setup a no-charge meeting with one of our trustees so we can sit down with you and determine if filing an Ontario bankruptcy is the right solution for you.

Here's how to contact us:

Online: Free Case Review
Email us: Quick confidential answers
Call us: 310 Plan

Chances are this is one of your first stops if you’ve been searching the web for information about bankruptcy in Ontario.

At Hoyes, Michalos and Associates we are proud to be a team of understanding professionals who are experts in bankruptcy, consumer proposals and all Ontario debt management options.

Be sure to contact us if you need help with your money problems.

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