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 consolidation loans are one of the several debt relief options consumers can use to help them deal with debt. Explore how these loans work, pros and cons, and if consolidation makes sense for you.
Debt settlement consultants charge large upfront fees to essentially refer their clients to Licensed Insolvency Trustees. Find out how Doug Hoyes advocates for Ontario consumers regarding these companies.
Do you find it difficult to stick with budgets you create? Well, most people do, so what are your options? Find out what our secret to budgeting is and our top tips on how to stay on top of bills.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.