Since 1999, Hoyes Michalos has been helping people get out of debt. We custom tailor debt solutions to meet your family needs. In our Scarborough office we provide the following debt relief services:
- Consumer Proposals
- Personal Bankruptcy
- Credit Counselling
- Debt Consolidation
- Debt Settlement
As a Licensed Insolvency Trustee, Nicholas has the experience to work through any situation and find a solution that works for you. Nicholas can help you stop collection calls, end a wage garnishment, deal with tax debts and credit card debt. He can provide invaluable advice regarding debt and other money problems and may be able to help you find a way to avoid bankruptcy in Scarborough.
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 Nicholas by calling toll free at 1-866-747-0660 or fill in the form to send us an email.
Meet the Scarborough Team!
Nicholas To is a Chartered Insolvency & Restructuring Professional, Licensed Insolvency Trustee and Consumer Proposal Administrator. Nicholas manages our Markham and Scarborough 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.
Find Our Scarborough Bankruptcy Office
DIRECTIONS: There is metered street parking available, as well as ample parking at Scarborough Town Centre (after 10:00 a.m.), just north of our offices. If you are using the subway, get off at McCowan (the last stop at the east end of the LRT). Walk back one block.
Consumer Proposal or Filing Bankruptcy?
Your debt solution may involve bankruptcy, but it could include filing a consumer proposal as an alternative to bankruptcy. A consumer proposal is a viable debt relief option for those who have significant assets, such as home equity, or earn a higher income. In a consumer proposal you keep all your assets.
In a consumer proposal, you make a deal with your creditors to settle your debts for a portion of what you owe. Once accepted, this negotiated settlement is legally binding on all unsecured creditors. A consumer proposal can eliminate credit card debt, tax debt and other unsecured debt. Because you repay only a portion of your debts, without interest, a consumer proposal can be a cheaper alternative to a high cost debt consolidation loan or second mortgage or a viable option if you do not qualify for refinancing with your house equity.
A consumer proposal must be filed through a Licensed Insolvency Trustee like Hoyes Michalos. Our consultations are always free so there are no up-front fees and no costs until a proposal is filed with the government.
Bankruptcy is an option of last resort, but it should still be considered when looking at your debt relief options. A legal process under the Bankruptcy and Insolvency Act, bankruptcy will stop collection calls and wage garnishments. If this is your first bankruptcy, you could be eligible for discharge in as soon as 9 months. We will help you compare the cost of filing bankruptcy with options like a consumer proposal or debt management plan. If you choose to file bankruptcy, Nicholas will explain the process and answer any questions you have.
At Hoyes Michalos you meet with an experienced, Licensed Insolvency Trustee. Our team of friendly professionals are here to help you build a plan that works for you.
If you would like help becoming debt free, call our Scarborough team today at 1-866-747-0660.