What are your options if CRA says you were ineligible and must repay CERB, CRB or other pandemic related benefits? Can you file a bankruptcy or proposal if you can't afford to pay back CERB? Doug Hoyes explains.
If you decide you want to file for bankruptcy, that doesn't necessarily mean you can stop making debt payments. It'll depend on the debt and when you plan to file. Also, some debts can't be included in a bankruptcy. Learn which debts you can and can't stop paying before filing.
If your unpaid debts have been turned over to a collection agency we explain what you need to know about how long collection agencies can pursue debt in Canada, both legally and with those annoying phone calls.
It can be difficult to understand how unpaid debts will be dealt with in a bankruptcy or consumer proposal. This blog discusses contingent and future debts that may be eligible for claiming during either process.
It’s common for people to have a tough time implementing and sticking to a budget. In this blog, we share some of the most prevalent budget “fails” and helpful tips to help you achieve your budget goals.
If you don’t make your payments on time your creditors will take action to collect. Will they sue? Can they take your assets? Learn about creditors rights and what options you have if creditors are calling.
What happens when bills start piling up and you can't meet your monthly debt payments? What actions can lenders take? Discover what options you have to recover your finances.
Do you have adult children asking for financial support? Find out various reasons for why lending large amounts of money to family can cause your own debt problems and when you should draw the line.
Are you wondering what a consumer proposal repayment plan looks like? Doug Hoyes explains 2 benefits of using this form of insolvency with actual examples of how it can affect your finances.
Credit card use has increased across all demographics in Canada. In this blog find out how one of our clients fell into debt using credit and learn 7 signs that signal you're in credit card danger.
In Canada you cannot file for a bankruptcy on your own. Find out why a personal bankruptcy must be facilitated by a Licensed Insolvency Trustee and learn more about the role of a debt consultant.
Various financial professionals have the ability to help clients when they notice debt problems. We explore the possible role financial planners, brokers, accountants and other advisors can play for their clients.
Are you struggling to keep up with your mortgage, but are determined to keep your home? Find out if dealing with other problem debt can balance your budget and what options can help you save your home.
Struggling debtors all have their own breaking point when it comes to taking action. In this blog, our experts explore trigger points for insolvency and the options you may have if you have unpaid debts.
Bankruptcy eliminates most unsecured debts. But what about secured debts and what debts are specifically excluded from your bankruptcy discharge?
Offices throughout Toronto and Ontario
Hoyes, Michalos & Associates Inc.
Hoyes, Michalos & Associates Inc.
Debt Relief Experts
