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.
Some lenders require their borrowers to sign a form called a “Voluntary Wage Assignment” which allows the borrower’s wages to be garnisheed if they do not repay the loan as agreed. Payday loan companies and... Read more »
In most cases, no you will not have to attend at bankruptcy court if you file personal bankruptcy. The Bankruptcy and Insolvency Act enables a first or second time bankrupt to receive an automatic discharge... Read more »
One common scenario that we see at Hoyes, Michalos & Associates, is when an individual has not filed his or her income tax returns for the past few years and they are actually afraid of... Read more »
In all of our offices throughout Ontario we encounter debtors who have a significant tax debts to the Canada Revenue Agency (“CRA”), formerly called Revenue Canada. If a significant amount of money is owed to CRA... Read more »
At least once every week I talk with someone who purchased a house one or two years ago, and now they are in financial trouble. What happened? Owning a home is an ongoing fiscal burden at... Read more »
The real question that everyone wants us to answer when they come in for a consultation is “how do I know if bankruptcy is the right thing for me to do?” Deciding that you need to... Read more »
As part of what I do, I often get a chance to talk with creditors. In speaking with a representative of one of Canada’s large banks, we discussed how they decide whether or not to... Read more »
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