Debt Relief Experts
Disadvantages of Consumer Proposals. Are They Bad?
A consumer proposal is a great way to eliminate problem debt. But, it does come with some disadvantages. The good news is, the benefits often outweigh the downsides. We explain more in this post.
Should I File
Debunking 15 Common Bankruptcy Myths in Canada
Finding credible information and resources about bankruptcy and personal insolvency can be difficult. In this blog and podcast, Doug Hoyes, Licensed Insolvency Trustee discusses 15 common bankruptcy myths.
When to Declare Bankruptcy in Canada
Wondering when to declare bankruptcy in Canada? Learn the signs, explore alternatives, and understand the process. Get expert guidance on making this crucial financial decision.
What Happens When You Declare Bankruptcy in Canada?
Explore the process, consequences, and alternatives to declaring bankruptcy in Canada. Learn about debt elimination, credit impact, and how to rebuild your financial future.
What Not To Do Before Declaring Bankruptcy
Filing for bankruptcy is a legal process, and thus what you do before filing is subject to review. Read about specific actions to avoid entirely before declaring bankruptcy and helpful tips to follow before you file.
Who Can File a Consumer Proposal?
There are both legal and practical requirements an individual must meet to be eligible to file a consumer proposal. If you are struggling with debt repayment, find out if you should explore a consumer proposal further.
25 Things You Must Know About a Consumer Proposal
Roughly two-thirds of Canadians choose a consumer proposal to eliminate debt. Here are our top 25 facts you need to know about consumer proposals to help you determine if it's a good option for you.
How Do I Know If I’m Insolvent?
It's not the amount of debt you have but your ability to repay your financial obligations that indicate whether you may need to file insolvency. Learn if you are insolvent and when you should talk with a trustee.
Should You File Bankruptcy in Canada if Living Abroad?
Do you have unpaid debts in Canada, but are currently not living here? Our experts explain the requirements for declaring bankruptcy when you no longer live in Canada and what happens if you don’t file.
The Pros and Cons of Canadian Bankruptcy
Are you curious about the advantages and disadvantages of filing for insolvency in Canada? We provide you with the most notable pros and cons of bankruptcy, to help you navigate debt relief.
Is a Consumer Proposal a Good Idea?
Filing a consumer proposal is a debt relief strategy that offers many advantages if you qualify. Explore our guide on conducting a consumer proposal assessment and one of the benefits of a proposal.
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.
Should I File a Second Bankruptcy or a Consumer Proposal?
Considering filing for another bankruptcy? It’s not uncommon, but there are some things you should know before you do. Explore the implications of filing subsequent bankruptcies and what your alternative is.