Consumer Proposals & Debt Relief in Vaughan

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:

• Consumer Proposal
• Bankruptcy
• Credit Counselling
• Debt Consolidation
• Debt Settlement

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 pagefill 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. 

Email Brett For a Free Debt Assessment »

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.

unbelievably great, there is no word can explain Mr. Benny's kindness and professionalism. I wish i had spoke to him 3 years ago.
My financial downturn started four years a go, I lost the job and family health issues brought me to financial graveyard, I spent all my savings and started using credit cards and paid one card from the other, it didn't take long to get to the point of no return.
last year became where can no longer pay full minimum payment.
I got depressed and developed high blood pressure and no longer can sleep at night, every time phone rang, made me panic.
every day I thought to call Mr. Benny but couldn't gather the courage to pickup the phone and call him or send an email. I was afraid that he will get upset at me and Yale at me and won't help me to get out of this.

I was wrong, I sent an email, he got back to me right away, he listened to my situation patiently, and without prejudice, and explained what options are available and gave me time to think over it.
In my situation bankruptcy was the only right option for me to choose, and i choose to file for bankruptcy.
He was so professional and punctual on each step, he made procedure strait forward and understandable for me, He took care of everything all phone calls stopped.
Mr. Benny gave me new life...…
Soon after filing for bankruptcy, I was able to rewrite my resume, put all my energy toward finding the new job and get back to normal.
Now I have new job, have no stress and good family life, all because of one person's help and that's Mr. Benny. any time if I have any question, they are only phone call away, all his staff are awesome too.
If you are reading this and trying to deal your self with your financial problems, I would say call him and get the best outcome.

Thank you, Mr. Benny, god bless you for ever.

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feroz “. 12/18/2021

I feel extremely confident moving forward and having some assistance with the things that I just don't know yet. Can't wait to see where this help takes me

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Paul L. 4/07/2021

Mine is a familiar story… drowning in credit card & tax debt in excess of my annual income & monthly ability to repay, plus being constrained by a hefty garnishment, I was at a really low point - deeply disappointed in myself & ashamed for putting myself in this situation. I felt I was really sitting outside the door of bankruptcy & very anxious about it. In researching that process, I learned about Hoyes, Michalos & Associates & their services to assist with debt relief. I decided to call the office of Sandra Sykora to make an appointment to speak with her.
Right from the start Sandra let me know that there were options other than bankruptcy to help relieve my situation. In that first really open & friendly meeting, Sandra clearly took me through the options & the process for filing a consumer proposal, answering all my questions With a debt relief plan, rather than bankruptcy & the garnishment suspended, a huge weight was lifted.
When problems with one of the creditors arose, Sandra & the team at HM provided exceptional assistance and support to resolve the situation. Their incredible attention to my situation & quick responses to any and all my queries put me at ease throughout the process.
With my consumer proposal accepted, I am hugely relieved at having the debt reduced & an affordable plan to repay the remainder.
Anyone looking for guidance in dealing with an overwhelming financial situation can rely on the professional team at HM. Give them a call, have a complementary conversation with one of their licensed trustees – you will be in good hands to help you sort out your own situation!

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A G. 5/21/2020

I usually dont do reviews...BUT this one I had to do. I didnt read any other reviews thus far, but all I have to say about this firm is that it is well run professionally. If there are any BAD reviews about this firm/establishment(s) is it false, and I can attest to that. Brett, the guy that took my case, was very prompt, HONEST, and professional. I really liked that he took the time to let me decide what I wanted to do, rather then be "pressured" to make a sale or contract to his benefit. I have been inquiring about his firm for well over a year, and still followed with me. The timing was right, and unfortunately covid 19 took its toll on me, and Brett was there to help out and give me a fresh start, while trying to minimize the damage as much as possible. I really recommend this to anyone looking to get out of debt! Yes there are some downs, but with this covid pandemic going on for at least a year or two before things are normal, take advantage and start fresh. Credit (at least for me) is not an essential right now, so clear the slate and take the new year in a positive financial way!

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Barry P. 1/12/2021

I had a very good experience here in Ottawa. The staff here in Ottawa is super friendly helpfull and accurate with their work. I definitely recommend it to anyone who might not know what to do with their finances!

cheers

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Adam L. 1/21/2026

I cant thank Ted Michalos and his entire team enough!
After going through a horrible divorce and was left in a hard financial situation..

I originally had a meeting with another "company" out of Kitchener. And after that initial meeting I left in tears.. I was more upset, confused and left feeling like I had no way out. Feeling like nothing could help my specific situation...

But then I heard a pod cast for Hoyes Michalos and Associates that night and decided to make the call to see what they would say.

I spoke to Ted directly over the phone who reassured me instantly, apologised for my experience and set up an appointment.
Not only were they able to help the guided me through the process they did it with care and consideration.

I cant thank Ted, Cyndi, Meg and the entire team enough!

I am in such a better financial place now with the help of Hoyes, Michalos and Associates

Hoyes, Michalos truly cares to help their clients!

Just make the call.. they will guide you help you!

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A G. 7/31/2019

I had an excellent experience working with Hoyes Michalos on my consumer proposal. Benny was professional, knowledgeable, and very supportive throughout the entire process. He explained every step clearly and helped me feel confident about the decisions I was making. The team handled everything with care and understanding, making a stressful financial situation much more manageable. I truly appreciate their efforts in getting the proposal accepted and would highly recommend their services to anyone needing help with debt solutions.

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Rashid M. 12/02/2025

Team was great, helped my senior uncle with all of his repetitive, and annoying questions, took time to ensure he understood things no matter how many times it took.
I would highly recommend this organization and Bret, and the team at the etobicoke office.
If they were this amazing with some one who tries my patience on a regular basis and helped him make the best choice for his situation I can only imagine how much better they would be with a regular person.
If you are in need or a desperate situation, call them, and they will treat you with the same compassion and professionalism we got! You wont regret it!
Neil

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Neil A. 1/28/2020

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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

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.