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Tag: Should I File

Can I File Bankruptcy a Second Time in Canada?

Can I File Bankruptcy a Second Time in Canada?

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.

Category: Bankruptcy Alternatives

Tags: Should I File

When to Declare Bankruptcy in Canada

When to Declare Bankruptcy in Canada

Wondering when to declare bankruptcy in Canada? Learn the signs, explore alternatives, and understand the process. Get expert guidance on making this crucial financial decision.

Category: Bankruptcy Basics

Tags: Should I File

Do You Qualify For A Consumer Proposal?

Do You Qualify For A Consumer Proposal?

There are both legal and practical requirements an individual must meet to be eligible to file a consumer proposal. If you are struggling with debt repayment, find out if you should explore a consumer proposal further.

Category: Consumer Proposals

Tags: Should I File

Disadvantages of Consumer Proposals. Are They Bad?

Disadvantages of Consumer Proposals. Are They Bad?

A consumer proposal is a great way to eliminate problem debt. But, it does come with some disadvantages. The good news is, the benefits often outweigh the downsides. We explain more in this post.

Category: Consumer Proposals

Tags: Should I File

Debunking 15 Common Bankruptcy Myths in Canada

Debunking 15 Common Bankruptcy Myths in Canada

Finding credible information and resources about bankruptcy and personal insolvency can be difficult. In this blog and podcast, Doug Hoyes, Licensed Insolvency Trustee discusses 15 common bankruptcy myths.

Category: Bankruptcy Basics

Tags: Should I File

What Happens When You Declare Bankruptcy in Canada?

What Happens When You Declare Bankruptcy in Canada?

Explore the process, consequences, and alternatives to declaring bankruptcy in Canada. Learn about debt elimination, credit impact, and how to rebuild your financial future.

Category: Bankruptcy Process

Tags: Should I File

What Not To Do Before Declaring Bankruptcy

What Not To Do Before Declaring Bankruptcy

Filing for bankruptcy is a legal process, and what you do before filing is subject to review. Read about actions to avoid before declaring bankruptcy and helpful tips to follow before you file.

Category: Bankruptcy Basics

Tags: Should I File

25 Things You Must Know About a Consumer Proposal

25 Things You Must Know About a Consumer Proposal

Roughly two-thirds of Canadians choose a consumer proposal to eliminate debt. Here are our top 25 facts you need to know about consumer proposals to help you determine if it's a good option for you.

Category: Consumer Proposals

Tags: Should I File

How Do I Know If I’m Insolvent?

How Do I Know If I’m Insolvent?

It's not the amount of debt you have but your ability to repay your financial obligations that indicate whether you may need to file insolvency. Learn if you are insolvent and when you should talk with a trustee.

Category: Bankruptcy Basics

Tags: Should I File

Should You File Bankruptcy in Canada if Living Abroad?

Should You File Bankruptcy in Canada if Living Abroad?

Do you have unpaid debts in Canada, but are currently not living here? Our experts explain the requirements for declaring bankruptcy when you no longer live in Canada and what happens if you don’t file.

Category: Bankruptcy Process

Tags: Should I File

The Pros and Cons of Canadian Bankruptcy

The Pros and Cons of Canadian Bankruptcy

Are you curious about the advantages and disadvantages of filing for insolvency in Canada? We provide you with the most notable pros and cons of bankruptcy, to help you navigate debt relief.

Category: Bankruptcy Basics

Tags: Should I File

Is a Consumer Proposal a Good Idea?

Is a Consumer Proposal a Good Idea?

Filing a consumer proposal is a debt relief strategy that offers many advantages if you qualify. Explore our guide on conducting a consumer proposal assessment and one of the benefits of a proposal.

Category: Consumer Proposals

Tags: Should I File

I Can’t Pay My Bills. What Are My Alternatives?

I Can’t Pay My Bills. What Are My Alternatives?

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.

Category: Dealing with Debt

Tags: Should I File

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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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