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

2446 Bank Street, Unit 203
Ottawa, Ontario

Toll Free: 1-866-747-0660

Call us today: (613) 482-8128

Book A Free Consult

At Hoyes Michalos, we’ve been helping honest, hardworking Ontario residents get a fresh financial start since 1999. If you’re having trouble getting help with debt, let our experienced debt professionals in Ottawa, Ontario help you find relief. Maureen Parent is our Licensed Insolvency Trustee at our Ottawa debt help location, where we provide the following debt solutions:

No matter your financial concerns, Maureen will take the time to carefully assess your situation and answer all of your questions. After examining your finances, she’ll recommend the best debt relief strategy for you. The good news is that many of our clients avoid filing bankruptcy. Instead, they’re able to pay off their debts with a consumer proposal.

“You are not committing to anything. It’s about information. It’s good to know your options without any judgement. It’s about giving you a path you are going to take to get out of your debt problems. – Maureen”

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

Meet Our Ottawa Debt Experts

Maureen Parent, Licensed Insolvency Trustee

Maureen Parent is a Licensed Insolvency Trustee and Consumer Proposal Administrator. She has been a part of the Kanata and Ottawa regions for over 20 years and resides with her family in Kanata. Maureen loves that she can give back to her community by helping honest, hardworking individuals eliminate their debt problems. As a parent to young children herself, she can appreciate the hardships families face with the rising cost of living and she is eager to help her clients get back on track financially. Outside of the office, Maureen spends her time taking care of her children, crafting, as well as, coaching softball and baseball.

Brennan Thompson Certified Credit Counsellor

Brennan Thompson is a Certified Credit Counsellor and Client Service Specialist. He has lived in Ottawa since he was four years old and went to school just a couple of blocks away from the Hoyes Michalos Ottawa office. He knows his community well and takes pleasure in helping residents experience relief from their debt burdens. Brennan’s favourite part of being a counsellor is seeing the difference in clients from their initial consultation to the end of their debt free journey when they are completing their last counselling session. Outside of work, Brennan loves to play football, watch movies, go skiing, and spend time with his two sons. 

What Our Clients Say

We help people from a wide service area including Ottawa, Nepean, Barrhaven, Stittsville, Kanata, Greely, Manotick, Munster, Osgoode, Metcalfe, Gloucester, Alta Vista, Blossom Park, Riverside Park, Emerald Woods, Sawmill Creek, Greenboro, South Keys, Hunt Club, Winchester, Findlay Creek, and Riverside South.

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.

shoshana hitterman Avatar
I fully recommend these professionals, Maureen was extremely caring and honest, she made me feel like I was a priority... read more
shoshana hitterman 8/31/2023
Chris Grigg Avatar
My family and I had to go to Hoyes for help after Covid. We worked with Maureen. She and the... read more
Chris Grigg 7/14/2023
Aaron Steenkamer Avatar
Nerve-racking situation to go through in general but I feel at ease with the Hoyes team helping me handle it.... read more
Aaron Steenkamer 5/10/2023

Find our Ottawa Bankruptcy Office

DIRECTIONS: By car – From the Airport Parkway, head East on Hunt Club Road (from the airport, turn right, and from downtown, turn left). Just before Bank Street, turn right into the Towngate plaza parking lot. Suite 203 is on the second floor of the medical tower on the Hunt Club side of the plaza. By bus – From downtown, take the 98 – Hawthorne. Stop 8383 is just before Bank Street. Or, take the 6 to stop 4245 and walk across Hunt Club. The entrance to the tower is between the Dynacare Law and H&R Block.

We also have an office location in Kanata.

Consumer Proposals in Ottawa

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 Ottawa 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 Ottawa 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 Ottawa

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

Differences Between Consumer Proposal and Bankruptcy in Ottawa

There are two legally binding debt relief plans in Ontario that will allow you and your family the ability to gain a new financial start. They’re known as Personal Bankruptcy and Consumer Proposal. With each of these solutions, you’re provided immediate protection from your creditors, meaning they can’t sue you or contact you. In a consumer proposal, you usually repay only a third of what you owe and you get to keep all of your assets, including tax refunds, investments, and home equity. The greatest benefit to the consumer proposal is that you can avoid bankruptcy, while achieving freedom from your debts.

When you file a personal bankruptcy, your payments vary based on your income and you may have to surrender some assets. A benefit to filing bankruptcy, especially if it’s your first one, is that it can be completed in as little as 9 months. In a consumer proposal, your repayment period can last up to 5 years.

At Hoyes Michalos, we don’t provide a one-size-fits-all solution to your money problems. We take our time and give every one of our clients a tailored plan to pay off their debts and have financial peace of mind.

Ottawa Debt Help

Bankruptcy, Consumer Proposal, Debt Relief Ottawa Ontario Hoyes Michalos

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 Ottawa debt help team today at 1-866-747-0660.

Office Address

2446 Bank Street, Unit 203
Ottawa, Ontario

Toll Free: 1-866-747-0660

(613) 482-8128

Map & Directions