J. Douglas Hoyes
BA, CA, CPA, CIRP, CBV, LIT
Licensed Insolvency Trustee
Doug was inspired to bring his financial experience to work by helping individual people not corporations rebuild their financial future. Doug advocates for consumers needing debt relief to ensure they receive a fair and respectful debt management solution. He regularly comments in the media including publications and networks such as Canada AM, Global News, CBC, The Globe and Mail, The Toronto Star, Business News Network, The Financial Post and CTV News. Doug also posts regularly to our blog and on Twitter. He is the author of the personal finance book Straight Talk on Your Money – The Biggest Financial Myths and Mistakes… and How to Avoid Them.
Ted Michalos
BAS, CPA, LIT
Licensed Insolvency Trustee
Ted Michalos strongly believes that debt management advice should be delivered without gimmicks and without tricks. He is enthusiastic about ensuring clients understand all of their options and that Hoyes Michalos helps them develop a custom-tailored plan to deal with their debts. Ted is a prolific writer, contributing answers and advice on our blog and on several insolvency and debt relief sites, including Advisor.ca. He has appeared as an expert on bankruptcy and debt related matters including appearances on CBC News, Global TV and Business News Network.
Hoyes Michalos is a personal insolvency service firm strongly rooted in the communities we serve. That means not only being active in our communities but advocating and informing Ontarians about the dangers of carrying too much debt.
- Hoyes, Michalos & Associates Inc. conducts regular research about insolvency and consumer debt issues. This includes our bi-annual Joe Debtor bankruptcy research study.
- As industry experts Doug Hoyes and Ted Michalos, co-founders of Hoyes, Michalos, were the only independent trustees to appear before the Senate Banking, Trade and Commerce Committee in February, 2008 to give testimony on proposed changes to bankruptcy legislation.
For media inquiries:
- Email Doug Hoyes or Ted Michalos
- Phone 1-866-747-0660.
Research
Annual ‘Joe Debtor’ Bankruptcy Study – Profile of the average person filing a bankruptcy or consumer proposal in Ontario. An annual study conducted since 2011.
Student Debt Crisis – 8-year trend of how student debt has contributed to insolvencies in Canada.
Payday Loans and Bankruptcy – Annual update on how payday loan use has risen among insolvent debtors.
Homeowner’s Bankruptcy Index – Proprietary index measuring the percentage of insolvent debtors who own a home at the time of filing. Updated monthly.
Seasonal and Cyclical Trends in Insolvency – Information and data on the seasonal and economic drivers that influence Canadian consumer insolvencies.
Statistics
Monthly Ontario Consumer Insolvencies – Charts, data, and commentary on the monthly trend of consumer bankruptcies and proposals in Ontario.
Advocacy
Debtasized – A documentary exploring how consumer debt drives up prices across industries. From cars to homes to education, discover the history of credit and how easy and abundant access to credit impacts our economy. Full documentary on YouTube.
Millennials and Debt: No Room to Maneuver – Documentary on what we believe to be the biggest, most concerning group facing debt problems today; Millennials – The making of their debt and why they have no room to maneuver.
A Different View of Credit Counselling – Credit counselling services across Canada have changed. Local organizations have been on the decline, being overtaken by large, national, call centre credit counselling agencies. See how this impacts consumers looking for debt help.
Hoyes, Michalos Senate Testimony – In 2008, Doug Hoyes & Ted Michalos appeared as expert witnesses before the Senate Standing Committee on Banking, Trade and Commerce to provide their testimony on the impact to debtors of amendments to Canadian bankruptcy law. This included what are now the current student loan bankruptcy rules, exemptions for RRSPs and the extension of the bankruptcy period for surplus income.
Community Involvement – Hoyes, Michalos is a locally based personal insolvency firm. Every day we meet with individuals in our offices across Ontario. We live in our communities, and we believe in being actively involved in our communities.
Debt Free in 30 Podcast
A podcast where Doug Hoyes talks to expert guests each week about your finances. Listen each week for practical advice to manage debt and understand your money choices.
Straight Talk on Your Money
Straight Talk on Your Money by Doug Hoyes
You deserve straight talk on your money but you don’t always get that when you walk into a bank or talk to a financial advisor.
Based on 30 years of experience helping individuals deal with debt, Doug Hoyes reveals 22 common money myths and provides the practical advice you need to make sound decisions so you can live a debt free and stress free life.
Now available at better bookstores across Canada. Also available at Amazon.ca and Indigo.ca including Kindle, Kobo formats and Audible.
As seen on:
Company Background
Hoyes, Michalos & Associates Inc. is a Licensed Insolvency Trustee firm that has provided personal bankruptcy and consumer proposal services to individuals in Ontario since 1999. Co-founded by Doug Hoyes and Ted Michalos, we are one of the largest firms in Canada practicing exclusively in the area of personal insolvency. With offices throughout Ontario, Hoyes Michalos provides real debt management solutions to help Ontarian’s climb out of debt.
Get Industry Insights
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