Debt Relief Experts
Is a Secondary Credit Card Holder Responsible for Debt?
Doug Hoyes explains the legal duties of the supplementary card holder in the event the primary card holder files for bankruptcy or a consumer proposal.
What Debts Can Be Discharged by a Licensed Insolvency Trustee?
Explore which debts can be eliminated through bankruptcy or a consumer proposal in Canada. Learn about unsecured debts typically discharged, such as credit card balances, personal loans, tax debts and payday loans. Understand which debts are not dischargeable, including recent student loans, court-ordered alimony, and child support. Discover how secured debts like mortgages and car loans are handled in insolvency proceedings. This section provides essential knowledge to help you understand which of your debts can be eliminated through various debt relief options.
Unsure which of your debts can be eliminated? Reach out to Hoyes Michalos for a free debt assessment. Our Licensed Insolvency Trustees will review your debts and explain your options for debt relief.
Am I Responsible for My Spouse’s Debt?
What makes a debt a joint debt? What are the implications of cosigning a loan with your spouse. Doug Hoyes reviews when you are responsible for your spouse's debts and what happens if they file insolvency.
A Complete Guide To Joint Debts
Are you and your partner considering a joint debt, like a credit card? It's important to know your financial and legal responsibilities here, so we created a guide on what you need to know before co-signing.
407 ETR Debts Dischargeable in Bankruptcy or Proposal
Do you have 407 ETR debts piling up that you can no longer afford to make payments towards? Find out if these debts are considered secured or unsecured, and if they can be eliminated in an insolvency.
Are Government Overpayments Included in a Bankruptcy?
Learn how bankruptcy affects EI, CERB, Ontario Works and other government overpayments in Canada. Understand how Section 178 of the BIA affects what debts are dischargeable.
Understanding Secured & Unsecured Debts
Learn the key differences, benefits and risks associated with secured and unsecured debt and how each are treated in a bankruptcy or consumer proposal.
Can You File Bankruptcy on Debts Not Due?
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.
How Much Debt Does it Take to File Bankruptcy in Canada?
In Canada, you must have a minimum amount of unsecured debt to file bankruptcy, but how much debt causes bankruptcy is different for everyone. See from our bankruptcy study how much debt tends to lead to insolvency.
Dealing with Gambling Debt
Are you struggling with debts that stem from gambling? Find out how one of our clients was able to eliminate his gambling debts through a consumer proposal and how he successfully rebuilt his credit.
Can You File Bankruptcy for U.S. Debts in Canada?
Are you a Canadian citizen that has debt accrued in the US that you can’t afford to make payments towards? Explore collections actions creditors can use and the US vs Canadian bankruptcy process.
Do I Have To Surrender My Credit Card in Bankruptcy?
The Bankruptcy & Insolvency Act states you must surrender all credit cards. Our experts offer advice on how to manage purchases without a credit card during bankruptcy and when you can apply for a new card.
Co-Signer Is Still On The Hook After Bankruptcy
If you co-sign a loan you are responsible for it if the primary borrower cannot make payments. Explore creditors rights to collect, how bankruptcy eliminates the debt and what to do if you’re the co-signer.
WSIB Debts, Clearance Numbers & Bankruptcy or Proposal
The Workplace Safety and Insurance Board coverage is a mandatory requirement for businesses in Ontario, including small businesses. Learn what happens to WSIBS debts if you file for insolvency.
Top 5 Debts that Bankruptcy Can’t Discharge
Bankruptcy eliminates most unsecured debts. But what about secured debts and what debts are specifically excluded from your bankruptcy discharge?
Do I Need to Include All my Creditors and Debts in A Bankruptcy?
In an insolvency do you need to include all individuals you owe money too? Even family or friends? This guide covers what debts to include and why, as well as what happens to your credit cards.