Debt Relief Solutions in Kingston

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

Get expert debt help advice in Kingston, Ontario from our knowledgeable and compassionate professionals. If you are struggling to repay debt on your own, the team at our Kingston debt relief location provides FREE PHONE AND VIDEO CONSULTATIONS to review the following services:

You will meet with Licensed Insolvency Trustee Brian McIlMoyle. Brian has more than a decade of experience helping individuals in Ontario gain a fresh start by eliminating their debts and starting on a path to rebuild their savings. With his support, you will see an end to harassing creditor phone calls and threats of wage garnishment.

Each year, more than 600 individuals in Kingston file a bankruptcy or consumer proposal. If you are overwhelmed by your debts, know that you are not alone. Brian will listen carefully to your situation and help you create a custom-tailored plan to repay your debts in a way that is affordable for you. Whether you are feeling burdened by credit cards or payday loan debt, he will help you eliminate high monthly payment obligations. In many cases, his clients have been able to avoid filing for bankruptcy and have repaid their debts through a consumer proposal. In a proposal, you can reduce your debts by up to 80% while maintaining all your assets like your car or equity in your home.

We offer you 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 Ottawa and Belleville locations. Even though we do not have a physical office in Kingston, 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 Brian by calling toll free at 1-866-747-0660 or fill in the form on this page to send us an email.

Meet Our Kingston Debt Experts

Brian McIlmoyle, Licensed Insolvency Trustee

Brian McIlmoyle is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Chartered Insolvency Restructuring Professional (CIRP). Brian has been a long-standing member of the Belleville community and has more than 10 years of experience helping Ontarians facing financial trouble get relief from their debts. He says the best part of his job is watching his clients transform into brighter, happier people on a better financial path going forward. When he is not in the office, Brian teaches and practices martial arts. He credits this training to his strong sense of focus and ability to problem solve for his clients.

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. We can help individuals residing in Kingston, as well as, the surrounding regions of Latimer and Bath, Ontario.

Sharon Adams Avatar
Hoyes, Michalos & Associates has been life-changing for me. Firstly, I would like to thank Benny Mendlowitz and Brennan Thompson for their amazing service, kindness and most importantly their understanding. This has been life-changing for me. I never thought there was a way out of the hole I was in. I had many mixed emotions and hesitations about consumer proposals, but Benny and Brennan clarified all my concerns. Their responses were detailed and timely, which make all the difference. I'm look forward to a new, debt-free chapter! Thank you ever so kindly again Benny and Brennan of Hoyes, Michalos & Associates! Take care and God Bless, Sharon Adams
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Sharon Adams 10/30/2024
Fernando Godinez Avatar
I recently had the pleasure of working with Hoyes, Michalos & Associates on organizing my finances by creating a plan tailored to me. I couldn’t be more satisfied with their service. From the very first consultation, their team demonstrated exceptional professionalism, empathy, and expertise. They took the time to thoroughly understand my financial situation and provided clear, practical advice tailored to my needs.

Throughout the process, they were always available to answer my questions and alleviate any concerns I had. Their transparent communication and supportive approach made a challenging situation much more manageable. Thanks to their diligent efforts, I now have a feasible plan to regain financial stability.

I highly recommend Hoyes, Michalos & Associates to anyone seeking financial assistance. Their dedication to their clients’ well-being is truly commendable.
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Fernando Godinez 10/29/2024
Lorena Diza Avatar
Thank you so much to Hoyes, Michaelos & Associates Inc. specially to Brian Mcllmoyle for helping and assisted me...you are the best & very professional highly recommend🙏🤗
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Lorena Diza 10/29/2024

Consumer Proposals in Kingston

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.

A Consumer Proposal could be a good choice if you have debts totalling less than $250,000 (excluding any mortgage on your principal residence) and you’re struggling to pay back those debts but could do so if you were given more time to make the repayments. With a Consumer Proposal, a portion of your debt is written off.

Here are the top 10 benefits of a consumer proposal.

  1. write-off up to 80% of your debts
  2. stop collection calls
  3. stops legal action, such as 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 Kingston team today to talk about how a consumer proposal can help you get out of debt and avoid bankruptcy.

See What You Could Save with a Consumer Proposal

Unsure whether a Consumer Proposal is the right debt relief for you? Try our debt repayment calculator for free to discover how much you could save.

Debt Consolidation vs Consumer Proposal

Debt consolidation loans can help some individuals who have a significant amount of unsecured debts. However, they aren’t the answer for everyone. If a debt consolidation loan is lower interest than your existing credit cards or payday loans, you’ll save money and get some breathing space by using one.

Unfortunately, many people who face financial difficulties don’t qualify for a low-interest loan because their credit scores are already poor. Switching one set of high-interest debts for another could become more costly, and taking out secured debts to pay off unsecured ones is incredibly risky. Consumer Proposals offer an alternative to bankruptcy without taking on more debts.

Our Kingston 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 Kingston

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

If you’ve been considering applying for bankruptcy in Kingston, Ontario, it’s important to understand what debts can’t be discharged through the bankruptcy process. For example:

  • Secured debts
  • Recent student loans
  • Some types of support payments

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 Kingston 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 Kingston

There is more than one viable option when it comes to finding legally binding debt relief in Ontario. 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. A consumer proposal is a binding agreement between you and your creditors that allows you to pay off a portion of what you owe over a period of up to five years.  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. This agreement can reduce your monthly payments and give you breathing space while helping you avoid bankruptcy and the lasting impact that has on your credit rating and your financial freedom.

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.

Kingston 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 are meant for those already in debt or with poor credit who try to 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.

Hoyes provides credit counseling and can help individuals understand their financial situation to choose the best course of action. From student loan forgiveness to beating credit card debt and payday loans, our team can assist with all kinds of financial issues.

Why Talk With a Licensed Insolvency Trustee?

Our trustees offer free, no-obligation consultations via phone and video to help you take control of your finances. If you’re overwhelmed by your debts, we can help you regain financial stability.

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

Call Us Today:

1-866-747-0660

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Offices throughout Toronto and Ontario