Check out our new documentary DEBTASIZED.

Check out our new documentary DEBTASIZED.

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

Call us today: 1-866-747-0660

Book A Free Consult

If you are tired of creditor calls in Huron, Ontario, let our warm and dedicated debt professionals put your mind at ease by stopping harassing phone calls and putting you on a path to debt freedom. For over 20 years, Hoyes, Michalos & Associates has been helping individuals get rid of their debt and achieve a fresh financial start.

Our Huron debt relief team provides FREE PHONE AND VIDEO CONSULTATIONS and will outline all your debt repayment options, including:

You will work with Ian Martin or Scott Schaefer. They are both Licensed Insolvency Trustees and Consumer Proposal Administrators. They can help you break free from burden debt like payday loans, credit card debt, bank loans, and even unpaid income taxes. Ian and Scott will walk you through all the options to repay debt and will only suggest bankruptcy as an absolute last resort. In most cases, their clients have been able to avoid bankruptcy and file a consumer proposal instead, where you repay just a fraction of your debt in exchange for full forgiveness from your creditors.

Each year in the Huron region, over 400 individuals file insolvency. If you are struggling with debt, you are not alone. Ian and Scott provide compassionate service and their goal is to help you feel empowered and get answers to your questions and concerns about eliminating debt in Ontario.

We offer the convenience of phone and video-conferencing for all stages of the process. Many people find it advantageous to begin the initial consultation and debt assessment over the phone or by video. If you decide to file, you can sign your documents electronically. Credit counselling sessions can also be completed through video conferencing, which eliminates the need to miss work or schedule a time to attend the office. If you need to meet in person this area is serviced through our Kitchener and London locations. Even though we do not have a physical office in Huron, rest assured we remain committed to providing you with the best information to make an informed decision and working with you through the process.

Book Your 1 Hour FREE confidential, no obligation PHONE or VIDEO consultation today with Ian or Scott by calling toll free at 1-866-747-0660 or fill in the form on this page to send us an email.

Meet Our Huron Debt Experts

Ian Martin, Licensed Insolvency Trustee

Ian Martin is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Canadian Insolvency and Restructuring Professional (CAIRP). Ian went to school at University of Waterloo, where he completed both his Bachelor’s and Master’s degrees in Accounting. Ian has been helping members of his community eliminate their debt problems since 2009. He understands that every one of his clients has a different story and life experience, so he takes his time to put together a customized debt solution for everyone he meets. Outside of work, Ian is a dedicated family man, husband, and part-time baseball coach.

Scott Schaefer, Licensed Insolvency Trustee

Scott Schaefer is a Licensed Insolvency Trustee and Consumer Proposal Administrator. Scott has lived in Kitchener-Waterloo since 1993 and he has a deep understanding and appreciation for the challenges faced by individuals in the region and surrounding communities. Scott is eager to give back by providing realistic and cost-effective solutions to debt problems. He finds great reward in seeing his clients succeed at money management and their success keeps him motivated. In his free time, Scott supports various not-for-profit organizations in the community and he is also an avid runner. 

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.

patricia brown Avatar
I highly recommend Hoyes, Michalos & Associates. The whole process was much easier than I expected and they make you feel very comfortable. Mark was very pleasant to work with and all the staff and reception are very pleasant to speak with.
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patricia brown 6/07/2024
Newbacca MtG Avatar
A process made extremely simple and easy with super friendly, knowledgeable and understanding staff. Joel helped me through my bankruptcy and was always very quick to respond to questions. I highly recommend their services and now I'm free of a ton of debt I never thought I would be free from.
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Newbacca MtG 6/06/2024
V Gray Avatar
I was a client with Hoyes through my financial re-set after the pandemic. I have received invaluable financial advise. I am now debt-free, have preserved my credit status, and have developed financial processes that are aligned with my long term goals. Thank you Sandra and team Hoyes~
read more
V Gray 6/04/2024

Consumer Proposals in Huron

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 Huron 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 Huron 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 Huron

Personal bankruptcy should be a last resort, but sometimes it is the right solution to help you get out of debt. Our Huron 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 Huron 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.

Differences Between Consumer Proposal and Bankruptcy in Huron

There are two legally binding debt relief plans in Ontario that will allow you and your family the ability to gain a new financial start. They’re known as Personal Bankruptcy and Consumer Proposal. With each of these solutions, you’re provided immediate protection from your creditors, meaning they can’t sue you or contact you. In a consumer proposal, you usually repay only a third of what you owe and you get to keep all of your assets, including tax refunds, investments, and home equity. The greatest benefit to the consumer proposal is that you can avoid bankruptcy, while achieving freedom from your debts.

When you file a personal bankruptcy, your payments vary based on your income and you may have to surrender some assets. A benefit to filing bankruptcy, especially if it’s your first one, is that it can be completed in as little as 9 months. In a consumer proposal, your repayment period can last up to 5 years.

At Hoyes Michalos, we don’t provide a one-size-fits-all solution to your money problems. We take our time and give every one of our clients a tailored plan to pay off their debts and have financial peace of mind.

Huron Debt Help

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 Huron debt help team today at 1-866-747-0660.

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