Understand your rights and options when facing creditor actions in Canada. Learn about different types of creditor actions, including collection calls, wage garnishments, and legal proceedings. Discover how to respond to calls from creditors effectively and with less stress. Get information on the legal limits of what creditors can do to collect debts. Understand the concept of the statute of limitations on debts and how it affects how long creditors can sue. Learn about the automatic stay of proceedings provided by bankruptcy and consumer proposals. This section equips you with the essential knowledge to protect your rights and navigate creditor actions confidently while seeking appropriate debt relief solutions.
Quick Guide Links: Read essential information at a glance on two of the most common collection actions: how to stop a wage garnishment and how to stop collection calls for good.
Feeling pressured by creditors? Don’t face them alone. Contact Hoyes Michalos for a free consultation. Our Licensed Insolvency Trustees can explain your rights and help you find relief from creditor actions.
Have you recently been informed that your wages will be garnished for unpaid debts? We explain the wage garnishment process, who must give notice, who can bypass the court, and what to do when you receive notice of a wage garnishment.
Bankruptcy stops most wage garnishments through a stay of proceedings. Understand how bankruptcy can help resolve garnishment and collection issues and help you recover financially.
A consumer proposal is a legal process that can stop wage garnishments as soon as you file. Find out what types of garnishment orders we can stop and how.
The legal ownership of funds in a joint bank account can be complex, especially when it comes to garnishment or creditors' claims. Learn more.
If you ignore a few old debts for long enough will they disappear? Doug Hoyes explains what an old debt is, how they are dealt with and which are excluded from the limitation period.
Are you being bombarded with calls from collection agents and are eager for advice on how to navigate these conversations? Here are our top 10 tips for you when dealing with collection calls.
Learn the risks of ignoring debt collectors, your rights, and effective ways to handle collection calls in Canada. Explore debt relief options to stop collections and regain financial stability.
In the event that someone dies, who is responsible for the debt the individual had? In this blog we answer common questions as they relate to debts after death and who may be responsible for them.
If you have unpaid taxes to the CRA, they can exercise their collection right to freeze your bank accounts. Learn about what you can do if your accounts get frozen and what your next steps are.
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.
When you owe money on your credit card, your credit card company can send your account to a collection agency or pursue legal action through the court. If you are behind on credit card payments... Read more »
Owing money on a payday loan can be daunting, but this is especially true if you can’t repay your payday loan on time. These short-term, high-cost loans seem like a quick solution to money needs... Read more »
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.
Many people struggle to repay their student debt even years after graduating due to inconsistent income or lack of gainful employment. Falling behind on student loan payments is not uncommon but it should be dealt with, especially if your loans are now in collection. We explain what creditors can do and how to get relief.
Paying a collection agency can leave a bad mark on your credit report longer. We explore three reasons why you should not pay a collection agency and what alternatives you may have to deal with unpaid debts.
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.
There are provincial regulations that collection agencies must abide by. This blog outlines these rules, ranging from how often and when an agency can call, what they can say and when they can threaten legal action.
If you are facing a power of sale or foreclosure by your mortgage lender, find out what the basics and differences of both legal proceedings are, and what options you have.
Will filing for bankruptcy help stop a mortgage foreclosure? Can I keep my home? What are my options if I cannot afford my mortgage payments? Find out with our comprehensive guide to foreclosures and bankruptcy.
Threatening an involuntary bankruptcy can be a very intimidating tactic that collection agents use against debtors. Want to know if this actually applies to you? Doug Hoyes explains.
A right of offset is when you have unpaid debt, and your lender seizes money directly from your bank account. Learn about who can exercise this legal proceeding, when it can occur, and what you can do about it.
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