In consideration of COVID-19, consultations are now available by phone and video chat.

We are now available by phone and video chat.

Debt Relief Solutions in Cambridge
Licensed Insolvency Trustees & Credit Counsellors
Consumer Proposal • Debt Consolidation • Bankruptcy
Get a Personalized Debt Free Plan

7 Grand Avenue S, Unit 106
Cambridge, Ontario

Toll Free: 1-866-747-0660

Call us today: (519) 622-3773

Book A Free Consult

Are you looking for freedom from your debts in Cambridge, Ontario? The professionals at Hoyes Michalos & Associates Inc. are ready to help. We have been providing debt solutions to hardworking Ontarians since 1999. Our Cambridge debt relief location offers the following debt help services:

For over 10 years, Howard Hayes, our Cambridge Licensed Insolvency Trustee, has been working in the debt relief industry and meeting with individuals living in the Preston, Barber’s Beach, Hespeler and Cambridge communities. Howard’s approach is to provide solid, honest advice about your situation and about what solutions will work for you to achieve your fresh financial start. At our Cambridge office, you will also meet with seasoned credit counsellor Patricia Sweeney, who has more than 20 years of experience providing sound financial guidance.

“Everyone has a different problem they’re facing. And so I make sure to tailor a solution that meets their unique situation. I am happy to answer as many questions as my clients have since I recognize that seeking debt help can be overwhelming. I’m proud that I get to work so closely with each and every one of my clients from the start of their journey until they are debt free. – Howard”

We present all your bankruptcy alternatives in Cambridge such as a consumer proposal and how they compare to solutions such as a debt consolidation loan or credit counselling services.

Book your FREE confidential debt assessment with Howard by calling toll free at 1-866-747-0660 or fill in the form on this page to send us an email.

Meet Our Cambridge Debt Experts

Howard Hayes, Licensed Insolvency Trustee

Howard Hayes is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Chartered Insolvency Restructuring Professional (CIRP). Howard moved to Canada from the United Kingdom after meeting his wife here. He loves the culture, diversity, and way of life that Canada has to offer. For 15 years, Howard has been helping individuals in the Cambridge and Brantford regions eliminate their debt and get a fresh financial start. When he’s not in the office, Howard loves playing strategy board games with friends.

Patricia Sweeney Certified Credit Counsellor

Patricia Sweeney is a Certified Credit Counsellor and Client Service Specialist. She has been helping people get their finances back on track since 1998. Patricia is very passionate about spreading financial literacy, as she often gives free presentations at the Guelph Family Health Team, covering various money topics. A resident of the Kitchener-Waterloo-Cambridge area for many years, she knows her community well and loves making a difference in her clients’ lives. When she is not in the office, Patricia likes to go boating and spend time with her family. 

What Our Clients Say

Our concept is simple. If you give us 30 minutes of your time, our knowledgeable, experienced team will help you build a plan to become debt free. Our debt experts meet with individuals in Cambridge and the surrounding regions of Galt, Paris, Ayr, St. George, North Dumfries, Branchton, Sheffield, Puslinch, Glen Morris, Roseville, and Plattsville.

Willow Bending Avatar

These folks are fantastic and knowledgeable.
Really put forth all my options and eased my stress levels around...
read more

Willow Bending 6/25/2020
Terrylynn Stanley Avatar

I was so happy with this firm from the first day we sat down to talk. They have made my... read more

Terrylynn Stanley 6/23/2020
Elisha Emery Avatar

I am so pleased with how Patty, Howard and the proposal team helped me file my consumer proposal they were... read more

Elisha Emery 6/09/2020

Find Our Cambridge Bankruptcy Office

DIRECTIONS: Located in the historic downtown Cambridge area and beside the University of Waterloo School of Architecture. Free parking is available.

Consumer Proposals in Cambridge

A consumer proposal is a legal debt relief solution legislated with the federal government to consolidate and settle your debt for less than you owe.

Here are the top 10 benefits of a consumer proposal.

  1. write-off up to 80% of your debts
  2. stop collection calls
  3. stop a wage garnishment
  4. unfreeze your bank account
  5. legally binding on all unsecured creditors
  6. deals with CRA and payday loan companies
  7. you keep your assets including your tax refund
  8. reduce your monthly payment to something that is affordable
  9. no interest on monthly payments
  10. avoid bankruptcy

Hoyes, Michalos has a 99% success rate for consumer proposals we file. We work with you to craft an offer you can afford.

The cost of a consumer proposal is known upfront. What you pay is exactly, and only, what repayment you negotiate with your creditors at the beginning of the consumer proposal process. Once you complete your payments and the terms of your proposal, your debts are eliminated.

A consumer proposal can only be filed with a Licensed Insolvency Trustee like Hoyes Michalos. Learn how to file a consumer proposal or contact our Cambridge team today to talk about how a consumer proposal can help you get out of debt and avoid bankruptcy.

Debt Consolidation vs Consumer Proposal

If you have significant credit card debt, tax debts or other unsecured debts, you may be wondering if a debt consolidation loan, home equity loan or second mortgage are a good option to consolidate your debts.

There are risks with consolidating with a debt consolidation loan. You may have equity but may not qualify for a second mortgage at reasonable rates. 

Our Cambridge debt professionals can help you review your debt restructuring options and compare the pros and cons of a new loan or second mortgage with making a formal, debt settlement offer to your creditors through a consumer proposal.

Filing Personal Bankruptcy in Cambridge

Personal bankruptcy should be a last resort, but sometimes it is the right solution to help you get out of debt. Our Cambridge licensed insolvency trustee can help you decide if filing bankruptcy is the best option to eliminate your debt.

No matter how serious the debt problem, remember there are always debt relief options. At Hoyes, Michalos you always talk to an expert. Consultations are free and we offer flexible appointment times. Call our Cambridge experts at 1-866-747-0660 or email us today.

A bankruptcy and consumer proposal can only be filed through a Licensed Insolvency Trustee. We are licensed by the federal government to help you deal with debt.

Cambridge Debt Help

Cambridge Licensed Insolvency Trustee location

Debt problems don’t go away on their own. If you cannot afford to repay your debts on your own, as Licensed Insolvency Trustees we help you explore all your options and choose the solution that is best for you.

Break Free From Credit Card Debt

If you are only making minimum payments on your credit cards it will take you years to pay off your balances, if at all. We can help you consolidate your payments and make a settlement offer that can lower your credit card balances by as much as 70%. Your credit cards are rolled into one reduced monthly payment.

This is not a new loan, it’s a government-approved interest-free debt settlement plan payable over up to five years.

Stop the Payday Loan Cycle

Payday loans cause financial stress because the interest accumulates faster than you can pay it off. Over time this eats away at your paycheque. Once you fall behind, payday lenders use aggressive collection tactics like calling your employer and garnishing your wages.

We can include payday loans in your program and help you break the payday loan cycle.

Get Tax Debt Relief

Only a Licensed Insolvency Trustee has the options that can help you reduce your tax debt liability. We can negotiate directly with CRA to create a repayment plan, stop interest and penalties and settle tax debt. If CRA has frozen your bank account or garnished your wages, we can reverse those actions.

Student Loan Debt Forgiveness

Looking for help resolving student loan debt? If you have been out of school for 7 years, your government student loan debt can be discharged through a bankruptcy or consumer proposal.

Eliminate High-Interest Installment Loans

You may have tried to consolidate or pay bills by taking out a high-cost financing loan. While these types of consolidation loans can help you deal with the immediate demand for repayment, they come with an interest rate of 39%, 49% and even 59%.  Installment loans meant for those already in debt or with poor credit just postpone, rather than solve the problem.

Unsecured loans, whether owed to a bank, credit union or financing company can be eliminated with payments determined based on what you can afford.

Why Talk with a Licensed Insolvency Trustee?

If like many of our clients, you are struggling with debt repayment, this is a cycle that is best broken by working with a Licensed Insolvency Trustee near you. We are licensed by the Government of Canada to help you with your debts.

We can help you break free from debt.

If you would like help becoming debt free, call our Cambridge team today at 1-866-747-0660.

Office Address

7 Grand Avenue S, Unit 106
Cambridge, Ontario

Toll Free: 1-866-747-0660

(519) 622-3773

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Offices throughout Toronto and Ontario