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.
The payday loan industry is thriving in Canada; it keeps consumers coming back and causes them to fall into more debt. We explore ways to solve this problem, the role of government regulations and more.
Category: Viewpoints
Hoyes, Michalos has been tracking and reporting on homeowner insolvencies since 2007. See what has been happening with homeowners struggling financially.
Category: Viewpoints
Old tickets and debts can still affect your credit score. Learn how collection notices work, when debts expire, how long they stay on your credit report, whether to pay, and why checking your credit report matters.
Category: Viewpoints
Many homeowners have expressed that they are facing financial hardship as a result of record interest rate hikes. So why are homeowner bankruptcy rates so low? Doug Hoyes explains the cycle in this post and when he expects homeowner insolvencies to rise.
Category: Viewpoints
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.
Category: Viewpoints
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.
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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.
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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.
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Are you having some sort of a moral dilemma because you want to file for insolvency to create a fresh financial start for yourself? Find out 5 reasons why bankruptcy is not morally wrong.
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A bankruptcy score is a scoring system used by lenders to rank the potential of bankruptcy in your future. Doug Hoyes explains exactly what a bankruptcy score is and what it means for your credit.
Category: Credit Repair Viewpoints
RESPs are considered an asset in a bankruptcy and are not exempt from seizure in all provinces. Doug Hoyes explains why it's time to change the federal law around RESPs and bankruptcy.
Category: Viewpoints
Cash Store Financial Services Inc. filed for bankruptcy protection in 2014 and are were delisted from the Toronto Stock Exchange. Find out what happened and what our expert insights are.
Category: Viewpoints
