Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our blog includes podcasts, videos, articles, case studies and Industry Insights about consumer proposals and bankruptcy in Ontario as well as personal finance, credit rebuilding and other money management tips for anyone looking to get out of, or stay out of, debt.
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free. Sometimes it’s the little things that can really... Read more »
Student loans are only automatically discharged when you file bankruptcy in Canada if you have ceased to be a student for more than seven years at the time you file. However, there are cases in which... Read more »
There are two insolvency options in Canada under the Bankruptcy & Insolvency Act that allow consumers to eliminate overwhelming debt: a bankruptcy and a consumer proposal. The choice to file a consumer proposal or bankruptcy... Read more »
September is a time for a fresh start. The kids are back in school, everyone’s back to work after their summer vacations, and it’s a whole new season here on Debt Free in 30. I... Read more »
Are you looking for a way to consolidate credit card debt, overdue bill payments or other unsecured debts? A debt consolidation loan may not be your best option when it comes to consolidating and reducing... Read more »
Money management is hard. That’s why so many people don’t do it. Over the years at many credit counselling sessions with clients I’ve explained budgeting, and spreadsheets, and budgeting apps, and lots of other techniques... Read more »
Here’s a bold statement for you: debt levels don’t matter. Why? Because it’s not the level of debt that causes the problem necessarily. It’s whether or not you can service it. On our year-end review... Read more »
Not everyone facing a debt problem needs to file a consumer proposal or turn to bankruptcy. There are ways you can negotiate your way out of debt. The key is to do so carefully, making... Read more »
You’ve probably heard the stories of how a $90,000 debt was paid off in just 3 years. Or a $115,000 debt was paid down in just 2.5 years. While these are certainly inspiring events, they’re... Read more »
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free. In August, we’re sharing resources to help you... Read more »
If you think your finances are under control because you’re keeping up with minimum monthly payments on credit card debt, think again. To become debt free, you need to pay down more of your balances.... Read more »
What is an emergency fund? An emergency fund is money that is available to meet unexpected expenses. You may be managing your current budget, but life tends to throw curveballs. Emergencies like a job loss... 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 »
A consumer proposal has a lot of advantages. It offers legal protection while you make a settlement offer to your creditors. It also allows you to negotiate payments you can afford while keeping assets like... Read more »
There’s a saying that ‘you shouldn’t put all your eggs in one basket’ and this rings true for bank accounts. While it is convenient to have all your finances located at one bank, what happens... Read more »
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