Let us help you get out of debt. If you live or work in the Oshawa, Bowmanville, Whitby and Ajax area and are experiencing financial problems, Hoyes Michalos has been providing debt relief services since 1999 including:
- Consumer Proposals
- Personal Bankruptcy
- Credit Counselling
- Debt Consolidation
- Debt Settlement
Our Licensed Insolvency Trustee in Oshawa, Alison Petrie, has been a trustee since 1995. She is a Chartered Accountant and qualified credit counsellor. Alison can help you find the debt relief you are looking for. We know that there is no “one size fits all” solution. Our licensed professionals always tailor their recommendation to your specific situation. We take the time to answer all your questions and ensure that you make an informed decision. Alison can help you understand all your options including whether a consumer proposal might allow you to avoid filing bankruptcy.
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 Alison by calling toll free at 1-866-747-0660 or fill in the form on this page to send us an email.
Find Our Oshawa Bankruptcy Office
DIRECTIONS: Our Oshawa location is conveniently located at the southwest corner of King St. and Simcoe St., in the CIBC building. City bus routes run on both Simcoe St. and King St. and the GO bus station is just two blocks away. There is metered parking on both King St. and Simcoe St. A metered parking lot is behind the building, entrance from Athol.
Our Oshawa office serves individuals and families throughout Durham Region, including residents of Bowmanville, Clarington, Whitby, Port Perry and Uxbridge.
Meet the Oshawa Team
Nicholas To is a Chartered Insolvency & Restructuring Professional, Licensed Insolvency Trustee and Consumer Proposal Administrator. Nicholas manages our Markham and Oshawa locations and would be happy to discuss your situation via telephone or email.
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 greatly appreciate the help that I received from my initial meeting through to the completion of my consumer proposal. All of your employees were very respectful, professional and in tough times, that is what I really needed. I’m back on track and I do think your firm helped guide my path to recovery.”
Milt C | $71,500 in debts | Oshawa
Consumer Proposals in Oshawa
A consumer proposal has become increasingly common as an alternative to bankruptcy in the Oshawa – Bowmanville region. Recent statistics show that 60% of all insolvencies filed in the area are consumer proposals. Why choose a consumer proposal over bankruptcy? There are many benefits to a consumer proposal including:
- you keep all your assets including the equity in your home
- you settle your debts for as much as 70% of what you owe
- a consumer proposal is legally binding on all your unsecured creditors
- your monthly payments are much lower than they might be with other debt relief options
- unlike a debt consolidation loan, there is no interest during the consumer proposal term
- you avoid bankruptcy
A consumer proposal can deal with credit card debt, tax debt, unsecured bank loans and payday loans. You qualify for a consumer proposal if you owe more than $1,000 but less than $250,000 (excluding the mortgage on your home) and cannot afford to repay your debts as they come due.
Before considering an expensive debt consolidation loan, talk to us to see if a consumer proposal is a better option.
Should I file personal bankruptcy in Oshawa?
Personal bankruptcy is a legal process under the Bankruptcy and Insolvency Act to allow someone who is struggling financially with overwhelming debt to eliminate that debt and start over. Alison can help you understand all your options including personal bankruptcy if that is the best choice.
If you would like help becoming debt free, call our Oshawa team today at 1-866-747-0660.