Debt Relief Experts
Consumer Proposal Help When Expecting Lump Sum Payments
Consumer proposals are a very flexible tool when it comes to debt settlement. If you receive a lump sum before or during a proposal, find out how this can impact your proposal terms.
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.
Types of Creditors in Bankruptcy – Secured, Unsecured & Preferred
Bankruptcy deals with unsecured and secured creditors differently. We define each type of creditors and explain how these debts are handled in a bankruptcy or consumer proposal.
Credit Cards: Before, During and After Bankruptcy (or Proposal)
We explain what you need to know about credit card use before bankruptcy, when you can get a credit card after filing bankruptcy and more in this guide to credit cards and bankruptcy.
How Can I Stop a “Voluntary Wage Assignment”?
Have you signed a voluntary wage assignment with a payday loan company or other creditor? Find out how you can revoke this assignment or stop a garnishment by filing bankruptcy if you can't repay.
Do I have to go to court if I file for bankruptcy?
Bankruptcy is a legal process and in rare situations you may need to attend bankruptcy court. Find out when this can happen and what you should do if this is a requirement before your discharge.
Tax Returns Not Filed Because You Are Afraid You Have Tax Debts?
It’s not that unusual for people to avoid filing taxes because they are scared large tax debts will arise from it. Find out what can happen if you have unpaid debts to the CRA and what you should do.
CRA Liens on Property – What Are Your Options?
If you have unpaid tax obligations, CRA can place a lien on your home or other property to collect that money. Learn how a consumer proposal or bankruptcy can prevent a lien and erase your tax debt.
Why Does Home Ownership Cause Financial Problems?
Your mortgage might be affordable when you bought your home but things happen that can increase your housing costs to the point of financial hardship and sometimes insolvency.
Is Bankruptcy the Right Thing to Do?
It’s our job at Hoyes Michalos to advise you on what the best strategy for your fresh financial start will be. Find out how our process works, from a debt assessment to reviewing all debt relief options available.