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.
The team here is beyond amazing. Every time I have gone in to speak to them, I was riddled with anxiety. The team, not only treated me with respect and kindness, the reassured me that I am not alone in my debt battles. They are compassionate and welcoming and have always managed to have me feeling more confident in my credit future. I cannot thank them enough for everything they have done for me
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Billy was great! I was very anxious and he has made it all seem so easy. So grateful for the support throughout this process.
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I recently completed a consolidation loan with Hoyes and would highly recommend their services. The team was easy to reach, accommodating with changes to my banking information and payment dates over the years, and consistently pleasant to work with.
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Find Our Hamilton Bankruptcy Office
DIRECTIONS: Our Hamilton office is in a four-storey, light-brown office building, across the street from Upper James Toyota Used Car Dealership.
Consumer Proposals in Hamilton
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.
- write-off up to 80% of your debts
- stop collection calls
- stop a wage garnishment
- unfreeze your bank account
- legally binding on all unsecured creditors
- deals with CRA and payday loan companies
- you keep your assets including your tax refund
- reduce your monthly payment to something that is affordable
- no interest on monthly payments
- 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 Hamilton team today to talk about how a consumer proposal can help you get out of debt and avoid bankruptcy.
See What You Could Save
Discover how much you could save in interest and fees by taking advantage of a consumer proposal. Our debt repayment calculator gives you an overview of likely monthly payments for different repayment methods based on a 5-year plan to pay off your debts.
Debt Consolidation vs Consumer Proposal
While consolidating outstanding debt into a new loan can be an effective solution to managing debt, it’s not always the best choice. Getting a debt consolidation loan at a favourable interest rate requires you to have a good credit rating. All too often, we see people who have significant unsecured debt consolidate with a high-interest predatory loan.
A better solution may be a consumer proposal. Compared to debt consolidation, a consumer proposal provides a long-term solution to your debts, permanently stopping creditor calls and reducing monthly payments even further.
Our Hamilton debt professionals can help you create a settlement plan and see if you qualify for this government-approved program to reduce your debts by up to 70%.
Filing Personal Bankruptcy in Hamilton
When you’re struggling with overwhelming debt, it’s important to understand all your options. While bankruptcy isn’t always the first choice, it can offer the fresh start you need to rebuild your financial life. Our Hamilton Licensed Insolvency Trustees will help you evaluate your situation and determine if filing for bankruptcy is the right solution. We’ll guide you through each step of the process, ensuring you understand both the immediate relief and long-term benefits. Together, we’ll help you make an informed decision about your financial future.
No matter how serious the debt problem is, 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 Hamilton 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.
Hamilton Debt Help
Don’t wait to take action if you are struggling with debt. Our Hamilton debt help team can help you explore all debt relief options and choose the solution that fits your financial situation. We can help eliminate most unsecured debt.
Break Free From Credit Card Debt
It’s easy for credit card debt to spiral out of control, especially if you’re only making minimum payments. We can help reduce your debts by as much as 70% through consolidated payments. We’ll arrange a government-approved and interest-free settlement offer, guiding you to become debt-free after up to 5 years of affordable payments, with no new loans necessary.
Stop the Payday Loan Cycle
The high interest rates charged by payday lenders can make breaking free from the debt cycle challenging. A significant portion of your income may be going toward servicing these high-cost loans, which makes it even more difficult to keep up with living costs. If payday lenders are garnishing your wages, our Licensed Insolvency Trustees can help stop aggressive collection practices, helping you eliminate payday loans and recover financially.
Get Tax Debt Relief
Tax obligations can escalate rapidly due to compounding interest and penalties, turning manageable amounts into problematic tax debts. To collect, the CRA may freeze your bank account or garnish your wages. Only Licensed Insolvency Trustees can negotiate directly with CRA to create a repayment plan, stop interest and penalties and settle tax debt. Get professional advice from an LIT at Hoyes, Michalos & Associates Inc. to get ahead of these problems and take control of your finances.
Secure Student Loan Debt Forgiveness
If you have been out of school for at least 7 years and still struggle to repay your government student loans, you might qualify for formal student loan forgiveness. Talk to one of our Licensed Insolvency Trustees for advice about how bankruptcy proceedings and consumer proposals can resolve student loan debt.
Eliminate High-Interest Installment Loans
Many people take out high-interest installment loans to pay off other debts, only to find themselves unable to keep up with their monthly loan payments. 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 cycle 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 Hamilton team today at 1-866-747-0660.
Debt Relief Experts
