Hoyes, Michalos & Associates Inc.: 2009 Personal Bankruptcy Statistics: Press Information

This page contains background information that may be reproduced by the press.

Please follow the links below for information on 2009 personal bankruptcy statistics:

Bankruptcy Trend Report for 2009
Bankruptcy statistics for major cities in Ontario
2009 Statistical Summary
Summary of the new bankruptcy rules that came into force on September 18, 2009, that made filing bankruptcy more expensive, and contributed to the increasing percentage of consumer proposals filed in late 2009.
Press release issued by Hoyes, Michalos & Associates Inc. on March 3, 2010

Interviews

To arrange a personal interview, please contact the following (all staff can be reached through our main switchboard at 1-866-747-0660 or 310-PLAN (310-7526 in Ontario):

J. Douglas Hoyes, CA, Trustee, Co-Founder, available throughout Ontario
Ted Michalos, CA, Trustee, Co-Founder, available throughout Ontario

If Doug and Ted are not available, please ask for Jennifer Schaefer.

External Resources and Sources

The following resources, who are not related to or associated with Hoyes, Michalos & Associates Inc., are available to comment on debt-related matters:

Economist:

Grant Bishop , Economist, Toronto Dominion Bank, Toronto, 416 982-8063 (more info). TD Economics regularly comments on personal insolvency issues, including their November 2009 update, and their Outlook for Consumer Insolvency published May 1, 2009, where they very accurately predicted the number of insolvencies filed in 2009.

Not For Profit Credit Counsellors:

Heather Cudmore, Manager, Credit Counselling, Mosaic Family Counselling Centre, Kitchener, 519-743-6333 (more info)
Sue Davey, Credit Counsellor, Family Counselling Centre of Brant, Brantford, 519-753-4173 (more info)
Estelle Forget, Executive Director, Credit Counselling of Simcoe County, Barrie, 705-726-6830, (more info)
Wendy Dupuis, Executive Director, Financial Fitness, Windsor, 519-258-2030 (more info)

Statistical information used in our press release was obtained from the Office of the Superintendent of Bankruptcy web site