Hoyes, Michalos & Associates Inc. is one of Canada’s largest personal insolvency firms, focused solely on helping individuals restructure their debt through personal bankruptcy or a consumer proposal. Operating since 1999, we work exclusively with individuals, not corporations, and as such we have a deep understanding of why people file for insolvency.

As required by law, Hoyes, Michalos & Associates Inc. gathers a significant amount of information about each person who files either a consumer proposal or bankruptcy with us. We know their income, family size, age, gender, assets and debts. Every two years, we examine this data to develop a profile of the average person who files for relief from their debt (we call this person “Joe Debtor”). We use this information to gain insight and knowledge as to why consumer insolvencies occur.

Current and Previous Studies:

Joe Debtor 2017 The Vulnerable Debtor

Joe Debtor 2015 Marginalized By Debt

Joe Debtor 2013 Who’s At Risk

Face of Bankruptcy – 2011

Face of Bankruptcy – 2008

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.