Debt Relief Solutions in Niagara Falls

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

Call us today: 1-866-747-0660

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Eliminate your debt safely and effectively in Niagara Falls, Ontario. At Hoyes Michalos we want you to be sure the debt management services you choose will work for your unique situation. Our Niagara Falls debt help experts offer the following relief services:

Often the safest way to eliminate debt is through a consumer proposal or personal bankruptcy, but which choice is right depends on your situation. Ted Michalos is the Licensed Insolvency Trustee in the Niagara Falls region and he meets with individuals from surrounding regions as well, including Welland, Font Hill, Port Colborne, Pelham, Dunnville, and Grimsby at our St. Catharines office.

Our team is committed to our process to help you eliminate debt without worry and in the least stressful way possible.

“I’m a firm believer in fresh starts. There’s no shame in having debt. I know that in most cases, it’s out of our control and life gets the best of us sometimes. I’m here to help my clients, listen to their stories, and provide compassion and a meaningful solution. – Ted”

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

Meet Our Niagara Falls Debt Experts

Ted Michalos, Licensed Insolvency Trustee

Ted Michalos is a Licensed Insolvency Trustee and Consumer Proposal Administrator. He is also co-founder of Hoyes, Michalos & Associates. Ted is a strong believer in debt management advice that is delivered without gimmicks and without tricks. He is enthusiastic about ensuring that individuals understand all of their options and that Hoyes Michalos helps them develop a custom-tailored plan to deal with their debts. Ted attended Trent University and has a long history with in the Guelph region in which he helps clients. Ted is also a prolific writer, contributing answers and advice on our blog and on several insolvency and debt relief sites, including Advisor.ca. He has appeared as an expert on bankruptcy and debt related matters including appearances on CBC News, Global TV and Business News Network. 

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.

Ron Doi Avatar
The whole process through Hoyes has been great. I’ve been supported at every turn and Jeff is one of the most professional people I can think of. Highly recommend!
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Ron Doi 9/27/2021
pradeep avv Avatar
Very Professional both Jeff and Alison were very helpful during the entire process .
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pradeep avv 8/11/2021
Maureen McIvor Avatar
very helpful. Kind and considerate of my situation.
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Maureen McIvor 7/14/2021

Consumer Proposals in Niagara Falls

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 Niagara Falls 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 Niagara Falls 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 Niagara Falls

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

Niagara Falls Debt Help

Niagara Falls 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 Niagara Falls team today at 1-866-747-0660.

Call Us Today:

1-866-747-0660

Find an Office Near You

Offices throughout Toronto and Ontario