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. Our debt experts meet with clients living in Markham and surrounding areas of Richmond Hill, Whitchurch-Stoufville, Aurora, Newmarket, and Uxbridge.
I am so grateful for Hoyes& Michalos company for helping me for my Financial struggle. From Day 1 of my application until the day of receiving my Certificate of Full Performance. They made sure to assist me in every step of the process. Special thanks to Nicholas To and all other staffs. Great staffs and very professional to deal with. I recommend this company 100%.
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2 years ago my husband and myself were facing such a deep financial crisis. With Hoyes help we are finally got out of there and rebuild our life. Specially Nicolas was very helpful and knowledgeable which was great. Everybody can make mistakes at some point but find good help is such an important matter in our life's. BIG THANKS RO HOYES AND NICK. I AM SO GRATEFUL TO YOU
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Nicholas had an impressive level of professionalism, knowledge. He created a great case for my proposal, knowing how to best deal with the banks. I got my consumer proposal approved in the 1st attempt, and getting back my sleep and my mental health back on track with easy affordable monthly payments. About two thirds of my debt dissappeared into thin air overnight.
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Find Our Markham Bankruptcy Office
DIRECTIONS: Our Markham office is located in a retail-office plaza just west of Warden Ave. on the south side of Highway 7. It is situated next to Hilton Toronto/Markham Suites Conference Centre and across from Markham Civic Centre. There is ample free parking. Since the ground level spots fill up quickly, we suggest you park in the free underground parking. The entrance to the underground parking lot facing the Hilton. Our office address is 3621 Highway 7 East; our building is the shorter of the two buildings, and it is NOT the HSBC Building. We are on the third floor, Suite 308. If you are taking the bus, you can find us at the Town Centre station/stop on the York Region Transit VIVA transit corridor on Highway 7. VIVA Pink or VIVIA Purple lines will bring you right to our door. The Unionville GO Station is approximately 10 minutes away by car/bus and connects to our office via the VIVA Pink bus line. Click here for the VIVA system map.
Consumer Proposals in Markham
A consumer proposal in Ontario offers a legal way to reduce your unsecured debts while keeping your assets. It’s a formal agreement between you and your creditors, administered by a Licensed Insolvency Trustee, that allows you to pay back a portion of what you owe over a maximum of five years.
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.
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 Markham debt professionals can help you review your debt restructuring options and compare the pros and cons of a new loan or second mortgage with making a formal, debt settlement offer to your creditors through a consumer proposal.
Filing Personal Bankruptcy in Markham
Personal bankruptcy should be a last resort, but sometimes it is the right solution to help you get out of debt. Our Markham licensed insolvency trustee can help you decide if filing bankruptcy is the best option to eliminate your debt.
No matter how serious the debt problem, remember there are always debt relief options. At Hoyes, Michalos you always talk to an expert. Consultations are free and we offer flexible appointment times. Call our Markham experts at 1-866-747-0660 or email us today.
A bankruptcy and consumer proposal can only be filed through a Licensed Insolvency Trustee. We are licensed by the federal government to help you deal with debt.
Markham 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 Markham team today at 1-866-747-0660.
Debt Relief Experts
