Debt Relief Experts
How Long Does a Consumer Proposal Take?
Discover how long a consumer proposal in Canada typically lasts, from filing to completion. Learn about key milestones and factors affecting the timeline of your debt relief journey.
Filing Process
Do You Have To Pay a Fee To File a Consumer Proposal?
A consumer proposal is an affordable way to eliminate overwhelming debt. While there is a fee to file, these fees are included as part of the proposal process. Doug Hoyes explains the costs of a consumer proposal and how payments are calculated to fit your budget.
Do You Need a Bankruptcy Lawyer or a Licensed Insolvency Trustee?
In Canada, there are both bankruptcy lawyers and licensed insolvency trustees that can help with different types debt-related issues. In this post, Maureen Parent explains the key differences and who can help you depending on your situation.
Do Banks Accept Consumer Proposals?
Your bank may be your biggest creditor in a consumer proposal. In this post, Doug Hoyes discusses what banks look for when reviewing proposals and Hoyes Michalos' process for ensuring consumer proposals are accepted by creditors.
The Role of the Consumer Proposal Administrator
A Consumer Proposal Administrator is someone who can file for a consumer proposal. In fact, they are the only authorized debt expert in Canada who can. Learn about their role and how to find one in this blog.
You Can Now File a Consumer Proposal and Bankruptcy Online in Canada
Consumer proposals and bankruptcy can now be filed entirely online. Learn how trustees are using video calls and digital signing to help Canadians overwhelmed with debt.
When is a Consumer Proposal Legally Binding on your Creditors?
Are you considering filing for a consumer proposal and are curious about what makes the contract legal? We’ll show you what makes a proposal legally binding and what say your creditors have in the process.
Must A Consumer Proposal Include All My Creditors?
Learn about how a proposal deals with your unsecured creditors, whether you can hold back debts and how it may impact secured creditors like your mortgage or car loan.
What Do I Need To Disclose To My Bankruptcy Trustee?
It is mandatory to file insolvency through a Licensed Insolvency Trustee in Canada. Find out all the information you’ll need to provide for them, as well as the documents required to file bankruptcy.
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.
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.