Etobicoke stretches from Lake Ontario in the south to Mississauga in the west and Vaughan in the north, and is home to Humber College. With downtown Toronto only a subway ride away, and with large employers such as Woodbine Race Track and Slots, Woodbine Centre, and Sherway Gardens Shopping Centre, you would think that financial problems never occur in this area. Unfortunately, that is not the case. Each month over 100 residents file a consumer proposal or personal bankruptcy in Etobicoke to deal with their financial problems, and that's why Hoyes Michalos & Associates Inc. has an office and a licensed bankruptcy trustee in Etobicoke to serve you.
In our office you will usually meet with Sandra Sykora, our bankruptcy trustee in Etobicoke responsible for the office, and Brian McIlmoyle, our Client Service Specialist.
Their approach is simple:
First, they want to understand your situation: Who do you owe money to, and what does your budget look like every month? They will ask you a number of questions, because unless we understand your unique situation, we cannot help you with solutions.
Then, we will explain your options. Many people may qualify for a debt consolidation loan, or may benefit from credit counseling. If so, we will refer you to a lender or a credit counselor.
We will also explain consumer proposals. Many residents of Etobicoke have a good income, but due to the high cost of living in the Toronto area find it hard to pay their living expenses and pay all of their debts. For those people filing a consumer proposal may be the perfect solution. Through a proposal we negotiate with your creditors so that you make one monthly payment, with no interest, to deal with your debts.
Finally, if these other bankruptcy alternatives are not appropriate for you, we will explain personal bankruptcy. Based on your situation we will explain what it costs, how it works (filing for bankruptcy and bankruptcy process), what are the effects of bankruptcy discharge, and what will happen when your bankruptcy is finished.
If you live or work in Etobicoke you have options, so please call our Etobicoke bankruptcy office today at 310-PLAN (that's 310-7526, no area code required), or e-mail us, and let's get started.