Check out our new documentary DEBTASIZED.

Check out our new documentary DEBTASIZED.

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

55 Town Centre Court, Suite 700
Scarborough, Ontario

Toll Free: 1-866-747-0660

Call us today: (416) 290-5611

Book A Free Consult

At Hoyes Michalos, we have been helping people get out of debt for over 20 years. If you need debt management advice in Markham, Ontario, our Licensed Insolvency Trustee, Nicholas To is ready to meet with you. He will custom tailor a debt repayment plan that considers all of your financial needs.

In our Scarborough debt relief office, we provide the following services:

As an experienced trustee, Nicholas has the wisdom 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, along with Certified Credit Counsellor Diana Wong, can provide invaluable advice regarding debt and other money problems and may also be able to help you find a way to avoid bankruptcy in Scarborough. They may instead recommend a consumer proposal, which allows you to reduce your debt obligations by up to 80%, while protecting your assets.

“I try to take a different point of view in terms of understanding my client’s situation. I don’t take a cookie-cutter approach. I listen to my client’s needs, their priorities and goals, and we work together to build a realistic debt relief plan. – Nicholas”

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 Our Scarborough Debt Experts

Nicholas To, Licensed Insolvency Trustee

Nicholas To is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Chartered Insolvency Restructuring Professional (CIRP). Nicholas grew up in the Markham and Scarborough communities. He has witnessed the growth and increased living costs over the years in the region and he can appreciate the financial challenges that have arisen as a result. Nicholas takes a thorough approach to helping individuals and families get rid of their debt trouble. He is also fluent in Cantonese and can provide debt help to residents whose first language is not English. When not in the office, Nicholas is an avid photographer and an active member of the local business community.

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. Nicholas provides debt relief services to individuals living in Scarborough, as well as, surrounding regions of Brimley, Scarborough Township, Scarborough Junction, Agincourt, Don Mills, Ajax, and Pickering.

De Bryan Avatar
Thank you to Hoyes, Michalos and Team. All of you are absolutely amazing people. Everyone working here, to the lovely lady who answered the phones and received my emergency calls at 8am in the morning, have been the most patient and understanding group of people in a time that was difficult for me, you all made it easier and FINALLY! am FREE and I can begin anew. Thank you all so very much.
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De Bryan 4/20/2024
Gerard Duarte Avatar
if you are dealing with a lot of debt hoyes Michalos and Associates is the place to go to ... I know the first step is hard but once you do it you will have no on the other side now I have completed my proposal ...thank you again to the team in Scarborough.
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Gerard Duarte 3/10/2024
Jeff Jordon Avatar
I am so pleased with Hoyes, Michalos & associates. Nicholas is amazing at what he does and went above and beyond of my expectations. I was skeptical with everything and Nicholas proved me wrong. Nicholas has taken a huge huge load off my shoulders and handed me a fresh start. Hoyes, Michalos & associates are the people to get you back on track. I would highly recommend these guys. Something I thought was impossible to handle was made so easy by Nicholas. I'm very very happy with the service I recieved. Thank you for everything
read more
Jeff Jordon 1/30/2024

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 Proposals in Scarborough

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 Scarborough 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 Scarborough 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 Scarborough

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

Scarborough Debt Help

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

Office Address

55 Town Centre Court, Suite 700
Scarborough, Ontario

Toll Free: 1-866-747-0660

(416) 290-5611

Map & Directions