Consumer Proposals & Bankruptcy Advice Toronto Downtown, ON

Office Address

8 King Street E, Suite 812
Toronto, ON

Toll Free: 1-866-747-0660

(416) 815-7515

Map & Directions

Bankruptcy can eliminate your debt, but it is not the only option. Our team in the our downtown City of Toronto office will help you explore several debt management solutions including:

  • Consumer Proposals
  • Personal Bankruptcy
  • Credit Counselling
  • Debt Consolidation
  • Debt Settlement

Our Toronto Licensed Insolvency Trustee, Julie Wildman has been a Licensed Insolvency Trustee since 2004. She will guide you through the decision making process so you can be sure you have made the right choice based on your personal circumstances.  Often bankruptcy really is the correct solution but at Hoyes Michalos we will make sure you understand all of your alternatives, including consumer proposal and credit counselling before you make the final decision.

Free Consultation

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 Julie by calling toll free at 1-866-747-0660 or fill in the form on this page to send us an email.

Meet the Toronto Downtown Team!

Julie Wildman BBA, MBA, CPA, CIRP

Julie Wildman, Licensed Insolvency Trustee

Julie Wildman is a Chartered Professional Accountant, Licensed Insolvency Trustee and Consumer Proposal Administrator. Julie helps people seeking debt relief in our Toronto Downtown office and would be happy to discuss your situation via phone or email.

Read Julie's Full Biography »

J. Douglas Hoyes BA, CA, CPA, LIT, CIRP, CBV

J. Douglas Hoyes, Licensed Insolvency Trustee

Doug is our co-founder and is a Licensed Insolvency Trustee, certified Insolvency Counsellor and Chartered Professional Accountant. He also meets with clients in our Toronto Downtown location.

Read Doug's Full Biography »

Scott Terrio BA, Certified Credit Counsellor

Scott Terrio, Manager, Consumer Insolvency

In his eight years working in the insolvency industry, Scott Terrio has met with and filed thousands of clients, primarily consumers. He works from our Toronto Yonge & Bloor and Toronto Downtown locations.

Read Scott's Full Biography »

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.

Alia RamsayAlia Ramsay


About 3 years ago I had the worst credit and could not even get an apartment if they were to do a credit check. A friend told me about HOYES, MICHALOS & ASSCIATES and said that they will take care of me. I called and made an appointment, and from the minute I walked in I was greeted with kindness and there was no judgement. They took on my case, guided me and taught me how to handle my credit properly, and get this stress of debt off my back. They said it would probably take me 5 years to pay everything off, but I was able to get it paid off in 3 years. In that 3 years they checked up on me and continued to give me great advice on how to better my credit.

Now, 3 years later, after following their advice to the letter, I had to provide my credit score and report to apply for a new apartment, which I was very nervous about. When I saw my score and report it showed that I AM AT THE HIGHEST CREDIT SCORE YOU CAN RECEVIE IN CANADA NOW!!! So much so that the new landlord company said to me that this is very rare and that my credit is better than 72% of the Canadian population. I would like to say THANK YOU TO: HOYES, MICHALOS & ASSCIATES, for helping me get through my debt issues and guiding me in the right direction to getting this amazing credit score, and feeling this good about the progress I’ve made. To anyone who is reading this who is in debt, there is a light at the end of the tunnel, trust me I know. HOYES,MICHALOS & ASSCIATES is the best company to get you out of debt and have you on the right track.

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Jeffrey WhiteJeffrey White

I was supported with my Consumer Proposal by Scott Terrio at the Hoyes.Michalos King Street office in Toronto. He was very understanding, knowledgeable, and empathic. My Proposal was approved by my creditors and I am now feeling relieved at being able to get myself out of debt. Thank you to Hoyes, Michalos & Associates.

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Liston RamjitListon Ramjit

Very professional, excellent service, I felt like they really cared about my situation. I am very thankful and now I have a plan to becoming debt free. Thank You very much.

Read More

Find Our Downtown Toronto Bankruptcy Office

DIRECTIONS: Our Downtown King Street office is located at the corner of King Street and Yonge Street. It is the heritage Royal Bank tower and the entrance is on King Street just past Sleep Country. If this location is not convenient, we have 8 other Greater Toronto Area locations to serve you.

Debt Relief in Toronto

Consumer Proposal: a consumer proposal is an arrangement you make with your unsecured creditors to repay a portion of you debt usually through monthly payments over a period of up to 5 years. It is also possible to offer your creditors a lump sum settlement. A proposal is a better option than informal debt settlement because it is binding on all your unsecured creditors once accepted by a majority of your creditors based on dollar value.

Debt Consolidation: A debt consolidation loan will allow you to consolidate multiple debts into one monthly payment. However you do not eliminate any debt, interest continues to accrue and not all people can qualify for a debt consolidation loan.  In these situations a consumer proposal may be a viable alternative. In a proposal you keep your assets including any equity in your home and you settle your debts.

Personal Bankruptcy: Bankruptcy is always the option of last resort however in some cases it does make sense.  If you do need to file bankruptcy with us in Toronto, Julie will guide you through the process every step of the way.

If you would like help becoming debt free, call our Toronto team today at 1-866-747-0660.

Similar Posts:

  1. Avoid Bankruptcy For The Second Time: A Consumer Proposal Story
  2. Why a Consumer Proposal May Be Your Best Option
  3. Debt Settlement vs. Consumer Proposal – What’s the Difference?
  4. Consumer Proposal vs Debt Consolidation
  5. 5 Debt Options to Eliminate Debt Without Bankruptcy

Office Address

8 King Street E, Suite 812
Toronto, ON

Toll Free: 1-866-747-0660

(416) 815-7515

Map & Directions

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