Check out our new documentary DEBTASIZED.

Check out our new documentary DEBTASIZED.

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

419 King Street West
Oshawa Executive Centre, Suite 202
Oshawa, Ontario

Toll Free: 1-866-747-0660

Call us today: (905) 448-3818

Book A Free Consult

Let us help you get out of debt in Oshawa, Ontario. If you live or work in the Oshawa, Bowmanville, Clarington, Whitby, Pickering, Courtice, and Ajax area and are experiencing financial problems, our Oshawa debt management location can help you get debt relief with services including:

Our Licensed Insolvency Trustee in Oshawa is Brian McIlmoyle. Brian has over a decade of experience helping hard-working individuals eliminate their debt. He 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.

Brian can help you understand all your debt relief options including whether a consumer proposal might allow you to avoid filing bankruptcy.

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

Meet Our Oshawa Debt Experts

Brian McIlmoyle, Licensed Insolvency Trustee

Brian McIlmoyle is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Chartered Insolvency Restructuring Professional (CIRP). Brian has been a long-standing member of the Belleville community and has more than 10 years of experience helping Ontarians facing financial trouble get relief from their debts. He says the best part of his job is watching his clients transform into brighter, happier people on a better financial path going forward. When he is not in the office, Brian teaches and practices martial arts. He credits this training to his strong sense of focus and ability to problem solve for his clients.

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.

Ashley Comer Avatar
Brian was very helpful and made navigating a proposal smooth. He explains everything and makes sure you understand everything.
read more
Ashley Comer 5/21/2024
Robert Shakir Avatar
Revised Review:

I had an exceptional experience with Hoyes, Michalos & Associates, thanks to Brian. His guidance and expertise on bankruptcy and consumer proposals were extremely helpful. After searching for guidance for over a year, I finally found the perfect resource. Overall, my experience with Brian exceeded my expectations and I would highly recommend their services.
read more
Robert Shakir 4/25/2024
Jeff Tonks#1 Avatar
Very good team that takes care of you during your hard financial times. Highly recommended
read more
Jeff Tonks#1 4/24/2024

Find Our Oshawa Bankruptcy Office

DIRECTIONS: Located in the Oshawa Executive Centre, on the corner of King and Stevenson. Use Entrance 7. There is lots of free parking available at this location. There is also elevator access to the office, which is located on the 2nd floor. It’s also fully wheelchair accessible. Our Oshawa office serves individuals and families throughout Durham Region, including residents of Bowmanville, Clarington, Whitby, Port Perry and Uxbridge.

Consumer Proposals in Oshawa

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 Oshawa 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 Oshawa 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 Oshawa

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

Oshawa Debt Help

Oshawa 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 Oshawa team today at 1-866-747-0660.

Office Address

419 King Street West
Oshawa Executive Centre, Suite 202
Oshawa, Ontario

Toll Free: 1-866-747-0660

(905) 448-3818

Map & Directions