Debt Relief Experts
Will The New Debt Settlement Law Protect Consumers?
In 2015, new legislation that regulates debt settlement companies was enacted in Canada. Find out exactly how this law protects consumers and what its impacts are on other financial services.
Viewpoints
How Professional Advisors Can Help Clients Eliminate Debt
Various financial professionals have the ability to help clients when they notice debt problems. We explore the possible role financial planners, brokers, accountants and other advisors can play for their clients.
Forget Credit Score. Did You Know You Have A Bankruptcy Score?
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.
Predatory Practices of U.S. Debt Settlement Companies
According to our expert, debt settlement companies originating in the US are far more predatory than our Canadian ones. Learn more about what these differences are and how the Limitations Act benefits us.
Time To Change The RESP Rules for Bankruptcy?
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.
Seniors – A Small Group Carrying High Risk Debt
Almost 1 in 4 Canadians carry debt into retirement due to increased cost of living. In this blog, Doug Hoyes explains how you can prepare early for retirement and avoid becoming another debt statistic.
Improving Mandatory Credit Counselling for Bankruptcies and Consumer Proposals
To complete insolvency duties, you must attend 2 credit counselling classes. Ted Michalos explores his thoughts on what these credit counselling sessions should entail for consumers to truly benefit.
Why Is Cash Store Filing for Bankruptcy Protection?
Rewinding back to 2014, Cash Store Financial Services Inc. filed for bankruptcy protection due to flawed corporate financial decisions. Doug Hoyes explains the company’s shortfalls and what we can learn.
Cash Store Payday Lender Having Some Problems
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.
Doug Hoyes Appears on Money Moron
Money Moron is a financial literacy TV show hosted by Canadian finance expert Gail Vaz-Oxlade. Doug Hoyes joins Gail for his third appearance on the series. Find out more about his experience here.
Is University a Waste of Money?
There are several scenarios and questions to consider when applying to post-secondary education programs. Doug Hoyes explores this topic as it relates to student debt and current Canadian statistics.
New Debt Settlement Rules in Ontario
Ontario introduced new debt settlement laws to prohibit some predatory practices including large upfront fees before negotiating settlements. Find out what these laws are and what else we recommend.
Doug Hoyes Asks Dalton McGuinty to stop Unethical Debt Settlement Companies
Debt settlement consultants charge large upfront fees to essentially refer their clients to Licensed Insolvency Trustees. Find out how Doug Hoyes advocates for Ontario consumers regarding these companies.
Divorce and Bankruptcy: The Government Should Change the Rules
At Hoyes Michalos, we are committed to having a voice and lobbying for Ontario debtors when it comes to injustices in the bankruptcy system. Here’s what we’re doing regarding divorce and bankruptcy.
Til Debt Do Us Part
Doug Hoyes made his first appearance on a personal finance reality show in 2007, interviewing an individual struggling with a large amount of debt. Explore the takeaway points from the episode here.