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 London
Licensed Insolvency Trustees & Credit Counsellors
Consumer Proposal • Debt Consolidation • Bankruptcy
Get a Personalized Debt Free Plan

339 Wellington Rd South, Unit 110
London, Ontario

Toll Free: 1-866-747-0660

Call us today: (519) 435-1500

Book A Free Consult

Choosing the right debt solution can be stressful. How can you consolidate your debt? Can you make a deal with your creditors? Should you file bankruptcy?  At Hoyes Michalos our objective is to explain all your options in an easy, clear manner. We provide the following London debt relief services including:

At Hoyes Michalos we believe bankruptcy advice should come from a licensed expert. In London, you will meet with our local Licensed Insolvency Trustee Joel Sandwith. Joel can help you eliminate credit card debt, payday loans, income tax debt, and many other unsecured debt obligations. Joel meets with individuals in London, as well as the surrounding communities of Byron, Oakridge, River Bend, Lambeth, and Stoneybrook.

“The goal when I meet with someone is to help them with their debts, but the real purpose is to find a way for them to get more out of their money and move ahead with their lives. When you meet with me and we find that solution, I want you to feel like you are moving forward.” – Joel

The process of learning about your debt options is easy. Joel will ask you some basic information about your debts – who your creditors are, how much you owe and what your budget looks like. With this information, he’ll help you develop a plan to eliminate your debts and rebuild your financial future. 

Let our experienced credit counselling and licensed debt experts help you become debt free by choosing the option that makes sense for you.

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

Meet Our London Debt Experts

Joel Sandwith, Licensed Insolvency Trustee

Joel Sandwith is a Licensed Insolvency Trustee and Consumer Proposal Administrator. Joel knows the London and surrounding communities very well. He spent much of his life in the St. Thomas area. Joel began has extensive experience as both a credit counsellor and Licensed Insolvency Trustee and has been helping people achieve financial freedom and debt relief since 2009. His favourite part about being a LIT is seeing his clients’ financial journeys and helping them move forward with a better life. One of Joel’s favourite hobbies is travelling with his family and he is a self-proclaimed king of travelling for less.

Heather Cudmore BA, Certified Credit Counsellor

Heather Cudmore is a Certified Credit Counsellor and Client Service Specialist. For over 20 years, Heather has been a guiding light to countless individuals looking for advice to better manage their money. She attended Western University and knows the London community well. Heather is very passionate about financial literacy and she is also part of our Fresh Start Credit Rebuilding Program. Outside of the office, Heather loves to read and spend time with her family.

Patricia Bendle BA, CQP Articling Student

Patricia Bendle is a Certified Credit Counsellor and Client Service Specialist. She is also an articling student in the Chartered Insolvency and Restructuring Professional Qualification Program to become a Licensed Insolvency Trustee. She attended Western University and is a long-time resident of the London region. Patricia loves giving back to her community by empowering individuals with helpful financial tools and resources. She takes into consideration each person’s unique situation to offer an individualized approach. Outside of work, Patricia likes to spend time with her family and is enjoying the journey of being a new mother.

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.

Cathy H Avatar

I was very impressed from the beginning of the first consultation i had to the very end. It put my... read more

Cathy H 6/24/2020
Kelcey Spratt Avatar

Could not be more pleased with the services I have received from Hoyes. From my very first contact booking my... read more

Kelcey Spratt 5/19/2020
Amy Bansey Avatar

The team at Hoyes, Michalos & Associates was amazing right from the start. They answered all of my questions and... read more

Amy Bansey 5/11/2020

Find Our London Bankruptcy Office

DIRECTIONS: The office is located at the corner of Wellington and Baseline Roads, in the opposite corner to Victoria hospital, across the street from Tim Hortons and behind the TD Canada Trust. London Transit Commission buses stop at every corner. The entrance to the building is on the Baseline side. We are located on the main floor, the same floor as the pharmacy. Our first-floor location makes the office barrier-free for those with ambulatory challenges. If driving, we’re in south London, just a few minutes south of downtown, easily accessed via Wellington from St Thomas, and by the 401 from Woodstock, Aylmer, Tillsonburg, and Ingersoll. There is lots of free parking beside both Wellington and Baseline.

Filing a Consumer Proposal in London

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 London 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 London 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 London Ontario

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

Get London Debt Help

London 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 London team today at 1-866-747-0660.

Office Address

339 Wellington Rd South, Unit 110
London, Ontario

Toll Free: 1-866-747-0660

(519) 435-1500

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