Check out our new documentary DEBTASIZED.

Check out our new documentary DEBTASIZED.

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

216 Chrislea Rd, Suite 505
Vaughan, Ontario

Toll Free: 1-866-747-0660

Call us today: (905) 856-2930

Book A Free Consult

If you are experiencing financial problems in Vaughan, Ontario, the experts at Hoyes Michalos will work with you to achieve peace of mind. Our Vaughan debt help location can help you eliminate your debts and start over. We provide the following services:

At Hoyes Michalos, all our locations are staffed by licensed professionals, not unlicensed debt consultants. You meet with a Licensed Insolvency Trustee, trained and accredited by the Canadian government in all debt relief solutions.

In Vaughan (Woodbridge), our debt management services are provided by Licensed Insolvency Trustee Brett Nicholson. During your free initial consultation, Brett will explain what you need to know about personal bankruptcy, consumer proposals, and other alternatives as a solution to help you get out of debt. Whether you owe on credit cards, lines of credit, payday loans, or income tax debt, Brett can help you find the solution that will work best for you.

“Many people come into my office, under tremendous pressure. Carrying debt has caused them a lot of stress and impacted their work and family relationships. And when I meet with them to come up with a plan, they realize quite quickly that there is a way out of debt. There is a way to a better financial future. – Brett”

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

Meet Our Vaughan Debt Experts

Brett Nicholson, Licensed Insolvency Trustee

Brett Nicholson is a Licensed Insolvency Trustee, Consumer Proposal Administrator and Canadian Insolvency and Restructuring Professional (CAIRP). For more than five years, Brett has been helping individuals in his community deal with their debt problems. He understands that his clients’ lives are ever-changing and he takes his time understanding each individual’s personal and financial history. With a small child of his own, Brett appreciates the challenges that come with family budgeting and he draws on his personal and professional experience to help his clients manage their money. In his spare time, Brett likes to go hiking, camping and exploring the great outdoors. 

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 meet with individuals residing in Vaughan, as well as, the surrounding areas of Nobleton, Bolton, Woodbridge, Northern Etobicoke, Maple, and King City.

Sweeta Yaqubi Avatar
Brett Nicholson is an excellent trustee and my experience was highly positive. Brett demonstrated a deep understanding of the insolvency process and provided clear, comprehensive guidance throughout. Their professionalism and responsiveness were commendable, ensuring that I felt supported and informed at every stage. Brett expertise and transparent communication made a challenging situation more manageable, and I appreciate the diligence and care hun and his team brought to the process. I have already recommend their services to 3 family members seeking assistance with their financial matters. Thank you
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Sweeta Yaqubi 1/23/2024
Kim Wilson Avatar
I am almost a year and a half into my consumer proposal, and so far I feel it is the best thing I have done since graduating university. I had immense amounts of student debt through lines of credit and loans, and after completing the cp and paying some of that off, I finally feel like there is a possible future for me. Hoyes, Michalos & Associates have been helpful and communicative in navigating the process; I even enjoyed the financial consulting classes I had to do. Highly recommend!
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Kim Wilson 1/03/2024
SFemi Owo Avatar
It was a very difficult situation back in 2019, like the whole world was collapsing on me. I walked into the office defeated, disappointed and dejected, I summon courage to explain my situation, after thoroughly explaining different options available and what I have to do , I started the journey to be a free man again. I was never alone, they walked with me throughout the journey, today I am a free man. A million thanks to the entire team.
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SFemi Owo 12/20/2023

Find Our Vaughan (Woodbridge) Bankruptcy Office

DIRECTIONS: Hoyes Michalos’ offices are centrally located in the city of Vaughan, near Highway #7 and Highway #400. From Highway #7 go north on Weston Rd. to the first set of lights and turn right (east) on to Chrislea Rd. Go past the Home Depot and turn left at the lights at the highway overpass. 216 Chrislea will be on your left hand side and we are in suite 505.

Consumer Proposals in Vaughan

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 Vaughan 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 Vaughan 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 Vauhgan

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

Vaughan Debt Help

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

Office Address

216 Chrislea Rd, Suite 505
Vaughan, Ontario

Toll Free: 1-866-747-0660

(905) 856-2930

Map & Directions