Industry insights from Hoyes Michalos co-founders Doug Hoyes and Ted Michalos on bankruptcy, debt relief and consumer debt issues that affect Ontarians. Doug and Ted are strong advocates of a fair, equitable and transparent process for those dealing with overwhelming debt problems.
Use a Licensed Insolvency Trustee if you need help to deal with your debts via consumer proposal. Trust Advisory Service cannot provide these services and charge unnecessary fees. Learn more about it here.
Want to learn about the role the pandemic played in altering household debts? Read along as Doug Hoyes explores the unprecedented debt and insolvency trends as a result of Canada’s lockdowns, and his future predications.
In this blog, we’ll show you why and how Canadian middle-income households were hit the hardest over the last year during the global pandemic. Find out which earners saved and which borrowed the most.
Doug Hoyes weighs in on whether or not a debt jubilee is a solution to high household debt, student debt and how a modern debt jubilee might work for both private loans and government loans.
Learn about the past and current landscape of insolvency trends in Ontario, and where our experts think they are going from here.
Are you wondering what happens to your pension if the company you work for goes bankrupt? Doug Hoyes offers his professional insights on the corporate bankruptcy process with regards to pensions.
Insolvency Manager Scott Terrio does a deep dive into long term Canadian insolvency statistics to explain the economic and seasonal nature of insolvency filings in Canada.
Ted Michalos explores the asset profile of the average insolvency debtor from our annual bankruptcy study and explains why most insolvent debtors have very little assets at the time they file insolvency.
Doug Hoyes and Ted Michalos offer their annual insights into the consumer debt crisis. Learn more about why and how they have come to their prediction.
This year marks the 8th Financial Literacy Month in Canada, which begs the question: has our financial literacy improved in eight years? Total household debt is at record highs while personal savings rates are at... Read more »
On today’s show, recorded in July, 2018, I give my thoughts on what the bankruptcy of Tesla Inc., the electric car company, can teach us about how we manage our own personal finances. And yes,... Read more »
For as long as debt has existed, society has judged people for failing to pay back their debts. Over the years I’ve heard hundreds of honest, but unfortunate debtors tell me they are stressed out... Read more »
Everyone knows the statistics: Canadians are carrying more debt than ever before. And yet, based on a review of data from my clients, it takes less unsecured debt to force individuals to file a consumer... Read more »
At the end of last year, Ted Michalos and I predicted three types of bankruptcies we expect to see more of in 2018: People will be denied for debt consolidation and refinancing. Ontarians will be... Read more »
Each February, we release updated research about payday loans and we know that 4 in 10 Ontario insolvencies involve payday loans. Payday loans have been a fairly popular discussion in 2018, as the Government of... Read more »
Debt Relief Experts
