Debt Relief Experts
Tax Debt Settlement: What CRA Wants
CRA will accept a settlement through a consumer proposal or will write off tax debts in a bankruptcy. Ian Martin explains what requirements the Canada Revenue Agency will have under each solution.
Debt Help Resources. Your Path to A Debt Free Future
Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our extensive debt help resource centre includes articles, videos, and podcasts on how to get out of debt including commonly asked questions about consumer proposals, bankruptcy, and debt consolidation options. Become informed about credit rebuilding and other money management tips as you search for a solution to your debt problems.
When Your Ex-Spouse Fails To Pay Credit Card Debt
If you shared credit cards before a divorce, find out who is responsible for any credit card debt regardless of what your divorce agreement says and what happens if your ex-spouse fails to pay off the debt as agreed.
What Do You Have To Do If You Go Bankrupt?
Are you thinking about filing for bankruptcy and want to know more about what this form of debt relief requires from you? Learn about the duties you are responsible for in order to clear your debts.
How Long Can You Run From Your Debt? And Should You?
Struggling debtors all have their own breaking point when it comes to taking action. In this blog, our experts explore trigger points for insolvency and the options you may have if you have unpaid debts.
7 Facts About Your Credit Rating (What’s in your Credit Score?)
It's important to understand what impacts your credit score if you are trying to rebuild or repair a low score. We explore 7 important facts you should know and what they mean.
What to Do When You Have Too Much Debt to Handle
If you're planning on borrowing money, its’s important to consider how much debt you can take on. Find out more about debt-to-income ratios, warning signs of too much debt and available debt relief options.
What Does it Cost to File for Bankruptcy in Ontario?
We explain the three factors that affect how much you may have to pay to file bankruptcy in Ontario: income, assets and if you have filed before.
99% of Hoyes Michalos Consumer Proposals Accepted by Creditors
If you are considering a consumer proposal to help eliminate your debts, you want your creditors to accept the terms of the proposal. In general, consumer proposals have a 99% acceptance rate.
Realization and Distribution of Assets in a Bankruptcy
When you file for bankruptcy, you make monthly payments and surrender certain assets. Find out how these proceeds are distributed to your creditors to release your debts.
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?
The Bankruptcy Process in Canada Explained in 5 Easy Steps
If you are considering filing for bankruptcy, you should be knowledgeable on the entire process. Here is our comprehensive guide on the steps to file bankruptcy in Canada.
10 Facts You Need to Know About Bankruptcy
If you are considering filing for a bankruptcy, it is important to be knowledgeable about the process and have answers to any of your questions. Here are the top 10 facts you should definitely know.
The Impact of Bankruptcy on Your Marriage
Wondering if a bankruptcy will have an impact on your partner or not? Find out IF a spouse would be affected by your personal bankruptcy, and how you can deal with debts in divorce.
Why Surplus Income Is an Important Part Of Your Debt Recovery
To be discharged from a bankruptcy there are certain duties that need to be completed first, one of which may include surplus income payments. Find out what surplus income is and 5 reasons it’s important.
What to Do When Creditors Threaten Legal Action
It can be stressful having collections agents threatening you for unpaid debts. Learn what your rights are as a debtor, how to protect yourself from creditors and what to do if actions have been taken.
Wage Garnishing: Know Your Rights
Wage garnishment is one of the legal actions your creditors can take when you have unpaid debts. Find out everything you need to know about this legal proceeding and how bankruptcy can stop this.
Keeping Your Small Business Afloat While Dealing with Debt
Is your small business facing financial hardship? Are the unpaid debts piling up? In this blog, we offer 5 possible solutions you can use to help keep your business afloat during tough times.
What happens at my first meeting with Hoyes Michalos?
Making an initial meeting at Hoyes Michalos is the first step in helping you achieve a fresh financial start. Here we explain what happens during this initial consultation and what’s required of you.
I Can’t Pay My Bills. What Are My Alternatives?
What happens when bills start piling up and you can't meet your monthly debt payments? What actions can lenders take? Discover what options you have to recover your finances.
What are My Options When In Debt if My Income is from Social Assistance, Pensions, or Support Payments?
Are you in a financial situation where you have no additional income to make your debt payments? Do you need to go bankrupt and can you afford the cost? What can you do to protect what money you do have coming in.
Stopping A Wage Garnishment with a Consumer Proposal
A consumer proposal provides a stay of proceeding that will stop a wage garnishment. Find out how this works and how a proposal can eliminate your debt.