Consumer Proposals & Bankruptcy Advice North York, ON

Office Address

45 Sheppard Ave E, Suite 900
North York, ON

Toll Free: 1-866-747-0660

(416) 730-8060

Map & Directions

Our experienced team in our North York location has helped thousands of people in North York and the greater Toronto area find debt relief. Hoyes Michalos has been offering debt management services since 1999 including:

  • Consumer Proposals
  • Personal Bankruptcy
  • Credit Counselling
  • Debt Consolidation
  • Debt Settlement

Benny Mendlowtiz is our Licensed Insolvency Trustee in North York. An experienced trustee, Benny will meet with you personally to review your debts and your budget. It is important to speak to a licensed professional about your debt relief options. A licensed insolvency trustee (previously called a bankruptcy 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.

Free Consultation

Imagine what it would be like to be free of worries and debt. The right solution depends on your unique situation. To understand your needs, we provide a free 30 minute, no-obligation debt assessment. Need more than 30 minutes? No problem, we will take as much time as you need to answer your questions. Need a second or third consult before deciding? Again, no problem. All our consultations are free.

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 the North York Team!

Benny Mendlowitz B.Com, CPA, CIRP

Benny Mendlowitz, Licensed Insolvency Trustee

Benny Mendlowitz is a Licensed Insolvency Trustee, Consumer Proposal Administrator, and Chartered Professional Accountant. Benny meets with clients in our North York office.

Read Benny's Full Biography »

Janette Martin Certified Credit Counsellor

Janette Martin, Client Service Specialist

Janette Martin is a Certified Credit Counsellor and Client Service Specialist. Janette meets with people in our North York office.

Read Janette's Full Biography »

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.

Ruslan BollaevRuslan Bollaev

Had serious issues. They helped me. Even though they were unable to discharge everything I'm still happy with reduction of my debt and stopped creditor calls. Most importantly the stress has stoppedwhich is only good for my mental health.

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F AF A

Recently had some major issues with CRA that really impacted my ability to continue paying my bills. After months of trying to resolve them without any progress I decided to reach out to Hoyes, Michalos & Associates for some advice. Honestly, going through this is very stressful, but I was fortunate enough to meet Benny Mendlowitz at Hoyes who took me through my options and what Hoyes can do to help me to resolve my difficult financial circumstances. From the very beginning Benny made me feel comfortable and listened to my situation, provided me with options and solutions that where realistic to my situation and never judged my situation. I'm so relieved that the consumer proposal was filed and accepted and would recommend Benny & Hoyes to anyone who is in a tough financial situation. They are professional, experienced and look out for their clients which is really important.

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Svetlana LovoukhinSvetlana Lovoukhin

Life happens, and going through financial struggles can be nerveracking. Benny and Janette went above and beyond to provide me with all the information, understanding and support I needed in order to make the right decision for my situation.
They always answered promptly any questions I had, and guided me step by step through some uneasy choices.

I can now breathe easy thanks to their professionalism!
Highly recommend!

Read More

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.

Consumer Proposal – Avoid Bankruptcy in North York

Bankruptcy is not the only option available to you to eliminate your debt. In many cases a consumer proposal is a better solution. In fact, almost 7 in 10 people experiencing debt problems in North York file a consumer proposal as an alternative to bankruptcy.

A consumer proposal is an option under the Bankruptcy and Insolvency Act to settle your debts for less than you owe and still receive the creditor protection only available through a Licensed Insolvency Trustee. You make a legally binding debt settlement offer to your creditors. You are able to keep your assets, including any equity in your home. You can pay the creditors in a lump sum or can spread those payments over a period of up to 5 years. Creditors accept the proposal if they believe they will receive more than they would if you were to file bankruptcy. You achieve lower monthly payments, have certainty as to your payments since interest stops and can begin the process of repairing your finances.

Many people consider a consumer proposal when they have been turned down for a debt consolidation loan, or when debt consolidation is too expensive. A consumer proposal also allows you to consolidate your debts into one monthly payments and so is a viable approach to debt consolidation if you have significant credit card debt, tax debts or unsecured lines of credit.

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

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Office Address

45 Sheppard Ave E, Suite 900
North York, ON

Toll Free: 1-866-747-0660

(416) 730-8060

Map & Directions

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