What Our Clients Say
Our concept is simple. If you give us 30 minutes of your time, our knowledgeable, experienced team will help you build a plan to become debt free.
Very knowledgeable, friendly and helpful in dealing with a stressful situation. Also helped after the entire process was complete. Dealt with Scott Schaefer in the Kitchener/Waterloo office, and would highly recommend him and the Hoyes team if in need of debt help.
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I am Very grateful to Hoyes, Michalos and associates. I am meeting with Scott and he is so helpful. He was helping me with my bugdet, finance and debts. He helped me to get rid off my debt in no time so that I could be able to do a fresh start.I highly recommend whoever is in debt and want to
Do a fresh start and debt free life, please contact them.
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I filed my consumer proposal with Charlie and I can truly tell you that it was something that I wish I had done years earlier. They treat you with respect and understanding and make sure you know what options are available to you without pressuring you to choose something that you might not be comfortable with. Throughout the entire process I felt like I wasn't being judged nor being taken advantage of and that they were
trying get the best outcome for me when corresponding with the banks. Thanks to them I now have some breathing room to save and am truly grateful to Charlie and everyone at Hoyes, Michalos, & Associates.
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Find Our Kitchener Bankruptcy Office
DIRECTIONS: Our Kitchener bankruptcy office is located on King Street next to Central Meat Market and across the street from KCI high school. Access to the building is available at both the front and rear of the building. Parking is in the back of the building up close to the back entrance – please use spots marked Hoyes Michalos Visitor Parking. Here is an image to help locate our visitor parking. If you are using public transportation, take the number 7 bus route (Conestoga Station direction) and get off at King/Kitchener Collegiate Institute stop. If you are using the ION light rail service, get off at Grand River Hospital Station and it’s a 6-minute walk to our office, heading south from the stop.
Consumer Proposals in Kitchener
A consumer proposal is a legal debt relief solution legislated with the federal government to consolidate and settle your debt for less than you owe.
Here are the top 10 benefits of a consumer proposal.
- write-off up to 80% of your debts
- stop collection calls
- stop a wage garnishment
- unfreeze your bank account
- legally binding on all unsecured creditors
- deals with CRA and payday loan companies
- you keep your assets including your tax refund
- reduce your monthly payment to something that is affordable
- no interest on monthly payments
- avoid bankruptcy
Hoyes, Michalos has a 99% success rate for consumer proposals we file. We work with you to craft an offer you can afford.
The cost of a consumer proposal is known upfront. What you pay is exactly, and only, what repayment you negotiate with your creditors at the beginning of the consumer proposal process. Once you complete your payments and the terms of your proposal, your debts are eliminated.
A consumer proposal can only be filed with a Licensed Insolvency Trustee like Hoyes Michalos. Learn how to file a consumer proposal or contact our Kitchener team today to talk about how a consumer proposal can help you get out of debt and avoid bankruptcy.
Debt Consolidation vs Consumer Proposal
If you have significant credit card debt, tax debts or other unsecured debts, you may be wondering if a debt consolidation loan, home equity loan or second mortgage are a good option to consolidate your debts.
There are risks with consolidating with a debt consolidation loan. You may have equity but may not qualify for a second mortgage at reasonable rates.
Our Kitchener debt professionals can help you review your debt restructuring options and compare the pros and cons of a new loan or second mortgage to making a formal debt settlement offer to your creditors through a consumer proposal.
Filing Personal Bankruptcy in Kitchener
Claiming bankruptcy in Ontario may be the right option when you’re struggling with debt. It allows you to eliminate most unsecured debts and stop creditor actions like collection calls and garnishment orders. Our licensed insolvency trustees in Waterloo Region provide the expertise you need to make informed decisions about your financial future. We’ll help determine if bankruptcy is appropriate for your situation and explain how it will affect your credit rating and future financial options.
Don’t let debt control your life. Whether through bankruptcy or alternative solutions, there are ways to regain financial stability. Our Kitchener team offers free, confidential consultations at times that work for you.
Remember: Only Licensed Insolvency Trustees can administer bankruptcies and consumer proposals. Our federal licensing ensures we maintain the highest professional standards while helping you navigate debt relief options.
Kitchener Debt Help
Debt problems don’t go away on their own. If you cannot afford to repay your debts on your own, as Licensed Insolvency Trustees we help you explore all your options and choose the solution that is best for you.
Break Free From Credit Card Debt
If you are only making minimum payments on your credit cards it will take you years to pay off your balances, if at all. We can help you consolidate your payments and make a settlement offer that can lower your credit card balances by as much as 70%. Your credit cards are rolled into one reduced monthly payment.
This is not a new loan, it’s a government-approved interest-free debt settlement plan payable over up to five years.
Stop the Payday Loan Cycle
Payday loans cause financial stress because the interest accumulates faster than you can pay it off. Over time this eats away at your paycheque. Once you fall behind, payday lenders use aggressive collection tactics like calling your employer and garnishing your wages.
We can include payday loans in your program and help you break the payday loan cycle.
Get Tax Debt Relief
Only a Licensed Insolvency Trustee has the options that can help you reduce your tax debt liability. We can negotiate directly with CRA to create a repayment plan, stop interest and penalties and settle tax debt. If CRA has frozen your bank account or garnished your wages, we can reverse those actions.
Student Loan Debt Forgiveness
Looking for help resolving student loan debt? If you have been out of school for 7 years, your government student loan debt can be discharged through a bankruptcy or consumer proposal.
Eliminate High-Interest Installment Loans
You may have tried to consolidate or pay bills by taking out a high-cost financing loan. While these types of consolidation loans can help you deal with the immediate demand for repayment, they come with an interest rate of 39%, 49% and even 59%. Installment loans meant for those already in debt or with poor credit just postpone, rather than solve the problem.
Unsecured loans, whether owed to a bank, credit union or financing company can be eliminated with payments determined based on what you can afford.
Why Talk with a Licensed Insolvency Trustee?
If like many of our clients, you are struggling with debt repayment, this is a cycle that is best broken by working with a Licensed Insolvency Trustee near you. We are licensed by the Government of Canada to help you with your debts.
We can help you break free from debt.
If you would like help becoming debt free, call our Kitchener team today at 1-866-747-0660.
Debt Relief Experts
