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.
I recently had the pleasure of working with Hoyes, Michalos & Associates on organizing my finances by creating a plan tailored to me. I couldn’t be more satisfied with their service. From the very first consultation, their team demonstrated exceptional professionalism, empathy, and expertise. They took the time to thoroughly understand my financial situation and provided clear, practical advice tailored to my needs.
Throughout the process, they were always available to answer my questions and alleviate any concerns I had. Their transparent communication and supportive approach made a challenging situation much more manageable. Thanks to their diligent efforts, I now have a feasible plan to regain financial stability.
I highly recommend Hoyes, Michalos & Associates to anyone seeking financial assistance. Their dedication to their clients’ well-being is truly commendable.
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Extremely professional and helpful staff. They make the process so easy and seamless.
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I have been with Hoyes for 1 year.(3280 Bloor st Etobicoke branch) They were able to reduce my debt by 70%. Life has been more easier & I wish I found them earlier. The process was easy right from the beginning up to now. Brett has been amazing right from the beginning.🙌 He answers all your questions and takes his time. I never felt rushed, pressured, or judged by him at any moment of the process. The team overall provides EXCELLENT service! Thank you all so much!! ❤❤❤
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Find Our Toronto – Etobicoke Bankruptcy Office
DIRECTIONS: Our Toronto – Etobicoke office is located on the corner of Bloor and Islington. There are three office towers which are all connected on the ground floor. We are on the 2nd floor of the Centre Tower.
Brett meets with individuals in Etobicoke, as well as, York. If you live close to Line 2, you have easy access to the Etobicoke office from Toronto and Mississauga.
We have 8 other Toronto locations, which can be found on our Toronto bankruptcy page.
Consumer Proposals in Toronto Etobicoke
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 Toronto Etobicoke team today to talk about how a consumer proposal can help you get out of debt and avoid bankruptcy.
Debt Consolidation vs Consumer Proposal
Many Toronto residents struggling with multiple debts – whether from credit cards, unpaid taxes, or other sources – often consider consolidating these obligations into a single payment. While debt consolidation loans and home equity financing can seem appealing, it’s crucial to carefully evaluate whether these options truly align with your financial situation. The current housing market and lending environment may make securing a second mortgage or consolidation loan challenging. Interest rates and qualification requirements can significantly impact the viability of these options.
Our experienced debt advisors in Toronto’s Etobicoke area can help you review different debt consolidation strategies. We’ll help you determine if making a consumer proposal is a better way to restructure your debt while preserving your home equity.
Filing Personal Bankruptcy in Toronto Etobicoke
While bankruptcy is often viewed as a last resort, it can be the most effective path to resolving overwhelming debt in certain situations. Personal bankruptcy eliminates most unsecured debts while providing immediate protection from creditor actions. Our Hoyes, Michalos licensed insolvency team in Toronto’s Etobicoke location can provide expert guidance on whether declaring bankruptcy aligns with your financial circumstances and goals for debt elimination.
Every financial challenge has potential solutions, regardless of its severity. When you reach out to Hoyes, Michalos debt relief specialists, you’ll receive personalized attention and professional insight into your options. We welcome you to schedule a complimentary consultation at a time that works for you. Contact our Toronto Etobicoke financial advisors at 1-866-747-0660 or email us to begin your journey toward financial freedom.
Toronto Etobicoke 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 Toronto Etobicoke team today at 1-866-747-0660.
Debt Relief Experts
