Did you know that there are many unlicensed ‘debt consultants’ in Canada? If your answer is no, we don’t blame you because they are tricky in how they operate. Find out why you should avoid them and save your money.
There are businesses that promote debt reduction by up to 70%, but how can you tell if this promise is too good to be true? Find out which programs can achieve this and who can legally administer them.
Have you considered using a debt consultant? Wondering what they can do for you and if their extra fees are worth the money you'll pay? We explain the harm debt consultants cause and tips on how to protect yourself.
To be discharged from a bankruptcy there are certain duties that need to be completed first, one of which may include surplus income payments. Find out what surplus income is and 5 reasons it’s important.
Consumer proposals are a very flexible tool when it comes to debt settlement. If you receive a lump sum before or during a proposal, find out how this can impact your proposal terms.
When you file for a consumer proposal, you offer your creditors an amount for your proposal payments. In this blog, find out what factors affect this and 3 steps you can use to calculate your payment terms.
Do you want to learn more about the negotiation process involved in a consumer proposal? We'll explain what creditors might expect in a proposal based on internal policy and who does the negotiating.
Loans are available for individuals completing a consumer proposal. In this blog, learn about the pros and cons of borrowing to pay off your proposal earlier and 3 alternative ways you can do this.
If you're going to file for a consumer proposal, we make sure your proposal payments fit your budget. In this blog, find out how to determine if you can afford payments.
Debt looks different for everyone and therefore the terms of a proposal will be different. We’ll discuss the common requirements of all proposals and why tailoring a proposal for you is important.
Are you delaying bankruptcy because you’re scared of what it entails or what it may change in your life? Find out what can happen if you continue to delay the process and why you don’t need to be afraid.
Should you pay for third party advice when seeking a consumer proposal? We explain what a consumer proposal administrator is and why you should work directly with a Licensed Insolvency Trustee for debt help.
Did you know there is a surplus income penalty in a bankruptcy if you make more than the ‘threshold’ income? Doug Hoyes explains how to calculate this and ways you can avoid a penalty all together.
We explain the three factors that affect how much you may have to pay to file bankruptcy in Ontario: income, assets and if you have filed before.
The government sets a limit on how much income you can keep before you have to make extra bankruptcy payments. This limit is updated each year. Learn more about this threshold.
Offices throughout Toronto and Ontario
Hoyes, Michalos & Associates Inc.
Hoyes, Michalos & Associates Inc.
Debt Relief Experts
