In consideration of COVID-19, consultations are now available by phone and video chat.

We are now available by phone and video chat.

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

Call us today: 1-866-747-0660

Book A Free Consult

If you are burdened by a high debt load in Timmins, Ontario, you have options for becoming debt free. The licensed debt professionals at Hoyes, Michalos & Associates have helped over 60,000 individuals get relief from their debt problems since 1999.

Our Timmins debt help team will give you guidance on the following debt repayment services with FREE PHONE AND VIDEO CONSULTATIONS:

In Timmins, you will work with Julie Wildman, Licensed Insolvency Trustee. The process starts with a free consultation to go over your debt situation. Julie will ask you some simple questions about your income, who you owe, and she will discuss your long-term financial goals with you so that she can create a custom debt relief plan. Whether you have a multiple credit card debts, payday loans, income tax, bank loans, or high-interest installment loans, Julie will find a way to help you get back on track with your finances.

Just over 600 individuals in the Timmins region file insolvency each year. If you are having a hard time paying back your debts, know that you are not alone. From among your debt help options, Julie might suggest a consumer proposal, where you can reduce your debts by up to 80% and make just one small interest-free payment a month. The best part is, a proposal allows you to avoid filing for bankruptcy, while getting protection from your creditors.

We offer the convenience of phone and video-conferencing for all stages of the process. Many people find it helpful to begin the initial consultation and debt assessment over the phone or by video. If you decide to file, you can sign your documents electronically. Credit counselling sessions can also be completed through video conferencing, which eliminates the need to miss work or schedule a time to attend the office. If you need to meet in person this area is serviced through our Ottawa and Kanata locations. Even though we do not have a physical office in Timmins, rest assured we remain committed to providing you with the best information to make an informed decision and working with you through the process.

Book Your 1 Hour FREE confidential, no obligation PHONE or VIDEO debt assessment with Julie today by calling toll free at 1-866-747-0660 or fill in the form on this page to send us an email.

Meet Our Timmins Debt Experts

Julie Wildman, Licensed Insolvency Trustee

Julie Wildman is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Chartered Insolvency Restructuring Professional (CIRP). Over the years, Julie has helped hundreds of Ontarians get relief from overwhelming debt. She brings a considerable wealth of financial knowledge and experience to her role as an LIT and loves that it’s her job to help ease the stress that comes with money problems. When she’s not in the office, Julie is an avid baker and busy mom to two boys.

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. We work with individuals living in Timmins and the surrounding regions of Schumacher and South Porcupine.

Sarah Gerrish Avatar

I had my own worries and concerns when contacting Hoyes, Michalos but after talking with Billy Martell and Beau Humphreys... read more

Sarah Gerrish 7/08/2020
Albena Lake Avatar

Extremely professional and knowledgeable team.
Sandra is incredibly experienced and the provided support is invaluable.

Albena Lake 7/08/2020
Sandro Khanu Avatar

Consulted with Hoyes, Michalos & Associates Inc regarding a consumer proposal or bankruptcy, they were professional from start to finish.... read more

Sandro Khanu 7/07/2020

Consumer Proposals in Timmins

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 Timmins 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 Timmins 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 Timmins

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

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.

Timmins Debt Help

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

Call Us Today:

1-866-747-0660

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Offices throughout Toronto and Ontario