Debt Relief Experts
The Secret To Budgeting: Pay Your Bills As You Get Paid
Budgeting can be stressful, and few individuals have the discipline to stick to one. In this blog, find out why our approach to budgeting is simply to pay bills as often as you get paid.
Ontario Bankruptcy Blog
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.
Debt Settlement vs. Consumer Proposal – What’s the Difference?
Trying to decide between a debt settlement plan and a consumer proposal? We explore a contract from a debt settlement firm, and why a consumer proposal is more often the better choice for you.
The Problem with Debt Consultants
What is the role of a debt consultant and are they individuals you turn to for financial help? Find out what the major problem is with using debt consultants and 4 things you need to know about them.
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.
Credit Counselling & Debt Management Plans. Right Solution?
Many people prefer to talk with a credit counselling agency before a Licensed Insolvency Trustee. Before you do, understand how credit counselling and a debt management plan work.
Debt Consolidation vs Bankruptcy. Which is Better?
What do you need to consider before choosing between debt consolidation or bankruptcy? We’ll explain both debt relief options, so you can make an informed decision on which one will work best for you.
What Can I Do If I Can’t Pay My Student Loans?
It is more common than ever to see individuals filing for insolvency for unmanageable student debt, in Ontario. Find out what happens if you can’t repay your student loans and options for debt relief.
Creditor Opposition to Bankruptcy Discharge – Delaying Your Fresh Start
In rare cases, creditors can oppose your discharge from bankruptcy. So, what do you do? In this blog, we’ll explain the process of creditor opposition, how we’ll help and how to avoid this entirely.
Should I File a Second Bankruptcy or a Consumer Proposal?
Considering filing for another bankruptcy? It’s not uncommon, but there are some things you should know before you do. Explore the implications of filing subsequent bankruptcies and what your alternative is.
Reduce Your Debt By Up to 70%? Know Who You Are Dealing With
There are businesses that promote debt reduction by up to 70%, but how can you tell if this promise is too good to be true? Find out which programs can achieve this and who can legally administer them.
Canada Mortgage and Housing Corporation (CMHC) and Tax Refunds
As a government agency, CMHC can keep your tax refund if you them money. Find out how this debt, like any government debt, can be eliminated through a bankruptcy or proposal.
Consumer Proposals: Debt Limit
A consumer proposal has a legislated debt limit of $250,000. Find out what debts are included in that calculation and what options you have if you owe more than the allowable limit.
Risks of Debt Consolidation Loans – The Hidden Traps
Debt consolidation loans can help you consolidate debt but before you approach a lender review the possible costs and risks of using this option for debt relief.
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.
Who’s Responsible to Pay Joint Credit Card Debt After Separation or Divorce
A separation or divorce cannot change who is responsible for joint credit card debt. See why your credit card agreement trumps your divorce agreement.