Hoyes Michalos Proudly Congratulates our Four New Trustees!

Posted in Bankruptcy Trustee
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

congratulations-new-litI am pleased to announce that four Hoyes Michalos articling students passed the final oral board exam and are now licensed bankruptcy trustees and consumer proposal administrators.

Our four successful candidates, Howard, Ian, Joel and Julie, have a combined 17 years experience with Hoyes Michalos, and they have well over 24 years of professional experience solving financial problems.

It is that experience that is one of the reasons that people we help end up referring their friends and family to us when they have financial problems.  At Hoyes Michalos you don’t meet with a clerk or a sales person.  You meet with a professional with many years of experience.

Howard Hayes helps people in our offices in Cambridge and Brantford, and is a prolific writer on the Howard Hayes Bankruptcy Cambridge blog.  In addition to his friendly manner, Howard is the firm’s “number crunching” expert, and he has designed many of the tools we use every day.  For example, if you are meeting with us and you want to know how much surplus income you would be required to pay in a bankruptcy, Howard’s spreadsheet can do the detailed calculations in seconds, and we can give you a printout with lots of other information for you to take home, personalized for you.

Ian Martin meets with people in financial trouble in our Kitchener office, and writes on the Ian Martin Bankruptcy Kitchener website. Ian is a chartered accountant, and spent six years working for Canada Revenue Agency before joining our team.  Ian leads our tax group, and he is regularly consulted by all members of our firm whenever questions about taxes and debt arise.

Joel Sandwith provides solutions in our offices in London and Sarnia, and writes on the Joel Sandwith Bankruptcy London and Joel Sandwith Bankruptcy Sarnia blogs.  Joel spent six years with a not for profit credit counselling agency before joining our team, making Joel an ideal person to help people address the underlying reasons for their debt problems, and then working with them to create long lasting solutions.

Julie Wildman helps clients in our Toronto offices, and contributes to our Bankruptcy Toronto blog. Julie holds the firm record for most initials after her name, including BBA,  MBA, CA, CFE, DIFA and CIRP, but it’s not just “book learning” she uses to help everyone she meets.  Julie is able to combine her technical knowledge with a caring personality to help you understand your options, and decide on the solution that’s right for you.

How do you become a bankruptcy trustee?

To become a licensed trustee, in addition to passing many written exams, you must also pass an oral exam, which was held in April and May, 2013.  The oral board is the most challenging part of the process.

The process was modified for 2013, so we are very proud that all four of our candidates were successful in this first year of the new format.  Here’s how it works: Each candidate is given exactly 30 minutes to review six questions (two long, complicated questions, and four shorter questions).

The candidate is then brought into a room to face the three examiners (including a licensed trustee, an insolvency lawyer, and a government representative from the Office of the Superintendent of Bankruptcy) and for a maximum of one hour they answer the six questions.  They are required to demonstrate a detailed knowledge of the law, but you must also be able to explain their answers in easy to understand language.

Speaking for one hour to answer questions is very intimidating, and I’m very proud that Julie, Joel, Ian and Howard were up to the challenge.

Four new trustees in one year is a significant achievement, so if you want to put one of our new trustees, or any of our experienced professionals to the test, give us a call at 310-PLAN, and let’s get started.