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.
Is your small business facing financial hardship? Are the unpaid debts piling up? In this blog, we offer 5 possible solutions you can use to help keep your business afloat during tough times.
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.
Making an initial meeting at Hoyes Michalos is the first step in helping you achieve a fresh financial start. Here we explain what happens during this initial consultation and what’s required of you.
What happens when bills start piling up and you can't meet your monthly debt payments? What actions can lenders take? Discover what options you have to recover your finances.
The economy is not alway kind and job or income loss can mean you now struggle to stay on top of your bills. Learn 5 tips for how you can survive an economic crisis and if there are alternative options for you.
Are you in a financial situation where you have no additional income to make your debt payments? Do you need to go bankrupt and can you afford the cost? What can you do to protect what money you do have coming in.
A consumer proposal provides a stay of proceeding that will stop a wage garnishment. Find out how this works and how a proposal can eliminate your debt.
If your creditors have already obtained a garnishee in court, there are two alternative options you have instead of paying it. We’ll explain ways you can make a deal with your creditors in this blog.
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.
Dealing with debt can result in a host of emotional responses, and embarrassment is one of the most common one’s we see. Find out how Hoyes Michalos can help you, and without any judgement.
It seems like a simple concept, but some people do find themselves in a vicious cycle of only paying the minimum amount. Ted Michalos explains why paying more than the minimum benefits the consumer.
Do you feel nervous every time the phone rings because it may be another collection agent? How do you stop these calls for good? We’ll explain 4 simple steps you can take to achieve this.
If you are struggling with your financial situation, it may be worth your while to chat with one of our debt professionals for 30 minutes. Find out how we develop a plan with you to become debt free.
Did you know that we advise 90% of clients that call our debt help line to not file bankruptcy? We explore step-by-step how our process works using a client story, to give you an idea of how we treat all our clients.
Did you know that 99% of our consumer proposals are accepted by creditors? And that the Royal Bank makes up majority of creditors that vote against them? Doug Hoyes explains why here.