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.
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.
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.
Meet the North York Team
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.
“I wanted to take a moment and tell you about the North York consumer proposal office. Benny and Janette are simply been the most effective, professional, kind and understanding team I have EVER worked with in any professional capacity. You responded to every email, every question, every call I made over the past 4 years.”
Craig O | $95,600 in debts | North York
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.