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Tag: Business Debts

Personal vs Business Bankruptcy? Understanding Small Business Bankruptcy

Personal vs Business Bankruptcy? Understanding Small Business Bankruptcy

Doug Hoyes explains the difference between a business and personal bankruptcy including what business debts are eliminated by filing personal bankruptcy and which remain. Read our FAQs on what happens when a small business files for bankruptcy in Canada.

Category: Bankruptcy Basics

Tags: Business Debts

Should I File Personal Bankruptcy If My Business Closes?

Should I File Personal Bankruptcy If My Business Closes?

Here is your guide to understanding what happens with unpaid debt if your business closes. Learn about restructuring debts, government debts, if you can still run your business, and more.

Category: Bankruptcy Basics

Tags: Business Debts

Self-Employed and Considering a Consumer Proposal? 5 Things You Need to Know

Self-Employed and Considering a Consumer Proposal? 5 Things You Need to Know

Are you struggling with inconsistent income and increasing debts? A consumer proposal may be a great option for your debt relief. This blog explains five things you need to know about them before filing.

Category: Consumer Proposals

Tags: Business Debts

Self Employed: Dealing with Business Debts

Self Employed: Dealing with Business Debts

Small business owners face unique financial challenges. Find out our top financial tips for avoiding small business debts, how to keep tax debts under control and what you can do if you owe years of taxes.

Category: Dealing with Debt

Tags: Business Debts

WSIB Debts, Clearance Numbers & Bankruptcy or Proposal

WSIB Debts, Clearance Numbers & Bankruptcy or Proposal

The Workplace Safety and Insurance Board coverage is a mandatory requirement for businesses in Ontario, including small businesses. Learn what happens to WSIBS debts if you file for insolvency.

Category: Debts Discharged

Tags: Business Debts

Keeping Your Small Business Afloat While Dealing with Debt

Keeping Your Small Business Afloat While Dealing with 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.

Category: Dealing with Debt

Tags: Business Debts

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Hoyes, Michalos & Associates - Consumer Proposal & Licensed Insolvency Trustee

Hoyes Michalos provides residents of Ontario burdened with debt a fresh start. As Licensed Insolvency Trustee (also known as bankruptcy trustees) regulated by Industry Canada, we provide free initial consultations to explain all your debt relief options, including credit counselling, debt settlement, debt consolidation, consumer proposal and personal bankruptcy.

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