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

45 Sheppard Ave E, Suite 900
North York, Ontario

Toll Free: 1-866-747-0660

Call us today: (416) 730-8060

Book A Free Consult

Are you struggling to make financial ends meet in North York, Ontario? The professional and experienced team in our North York debt help location has helped thousands of people in North York and the Greater Toronto Area find personalized debt relief.

Hoyes Michalos has been offering debt management services since 1999 including:

Benny Mendlowitz is our Licensed Insolvency Trustee in North York. An experienced trustee, Benny will meet with you personally to review your debts and your budget. You will also receive expert financial guidance from Certified Credit Counsellor Janette Martin.

Benny and Janette have assisted countless individuals in their community to achieve a fresh financial start and hope for a better, debt-free life. They are both long-time residents of North York and ready to speak to you about any of your concerns.

“When you’re dealing with a personal insolvency, you’re working with an individual, a couple, a family, and it’s so rewarding at the end of the day to know that there is a solution for them and that I get to make a direct impact on their financial lives. I really love my job. – Benny”

A licensed insolvency trustee is regulated by the Office of the Superintendent of Bankruptcy. At Hoyes Michalos you always meet with a licensed insolvency trustee, not a salesperson.

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

Meet Our North York Debt Experts

Benny Mendlowitz, Licensed Insolvency Trustee

Benny Mendlowitz is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Canadian Insolvency and Restructuring Professional (CAIRP). Having spent over 15 years helping individuals struggling with debt problems in North York, Benny knows the community well and understands the unique challenges residents face. Benny loves to learn about his clients, hear their stories, and follow their financial journeys. The personal connection he gets to form with his clients is one of the reasons why he became an LIT. Benny is a caring and compassionate professional, providing reputable and proactive debt solutions.

Janette Martin Certified Credit Counsellor

Janette Martin is a Certified Credit Counsellor and Client Service Specialist. Janette loves serving her community and providing meaningful guidance to individuals so they can achieve financial freedom. A long-time resident of North York, she attended Earl Haig Secondary School and has been helping clients deal with debt within the GTA for nearly 25 years. No matter how many questions you have, Janette would be delighted to help you understand your debt relief options. When she’s not in the office, Janette likes to spend time with her family and read.

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.

julien chuma Avatar

Janette Martin from the North York office. She is one of a million. I did talk to lots of companies... read more

julien chuma 6/29/2020
T Brazil Avatar

Benny and his team are wonderful. I wasn't sure what to do with the financial situation I found myself in... read more

T Brazil 6/17/2020
Omar Carrazana Avatar

I was in a financial crisis beyond my control .the creditors were calling me costantly at all time ,day and... read more

Omar Carrazana 6/16/2020

Find Our North York Bankruptcy Office

DIRECTIONS: Our North York office is located near the corner of Yonge Street and Sheppard Avenue, directly across from the Sheppard Subway station. There is ample paid parking space available below and above-ground, and in adjacent parking lots within easy walking distance. We also have 8 other Toronto debt relief locations to better serve our clients.

Consumer Proposals in North York

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 North York 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 North York 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 North York

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

North York Licensed Insolvency Trustee

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 North York team today at 1-866-747-0660.

Office Address

45 Sheppard Ave E, Suite 900
North York, Ontario

Toll Free: 1-866-747-0660

(416) 730-8060

Map & Directions

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Offices throughout Toronto and Ontario