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.
For anyone dealing with debt and the anxiety that comes with it, your solution is right here. I gave them a call, it was free, few days later, I regained my life back. It's that simple, they will help you, educate you and give you a fresh start stress free. Big thanks to Jamie for all the help and support.
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Jamie has been absolutely amazing and helpful during this process with me. It was originally very anxiety inducing but she helped me understand everything that was going on. Couldn't recommend more.
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I got myself in major financial trouble due to an array of events that occurred in my life. I was lost and so confused about what to do. After dealing with a debt consolidation firm that completely ghosted me after initially signing me up, I went into default and my debt consolidation was canceled.
I started researching bankruptcy and came across Hoyes. I was connected with an amazing Bankruptcy and insolvency associate named Jamie, who Helped me understand where I stood financially and how I could fix the problems that had been created. When I first contacted Jamie, I really felt scared and clueless, even dumb because I thought I was bombarding her with questions and it was also overwhelming. However, Jamie went above and beyond, and answered every single Mine so gracefully without making me feel dumb or silly for asking so many questions. She reassured me that she would help me get through this, and she honestly has kept her. I think I must’ve emailed her questions and concerns at least 50 times over the course. But she’s never made me feel like I was bothering her that I shouldn’t message her.
Actually, everybody at Hoyes has been so helpful and accommodating whether it has to do with questions while Jamie was Or discussing payment issues.
I would highly recommend Hoyes To anybody who may be in financial trouble and needs guidance or a path to learn how to fix things. I am so grateful I came across Hoyes and was connected to Jamie. I e had my first counseling session to understand how to budget my finances and begin a new journey with my money once my bankruptcy has been discharged!
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Find Our St. Catharines Bankruptcy Office
DIRECTIONS: The office of our Licensed Insolvency Trustee in St. Catharines is located in the CIBC building, at the corner of King and Queen Streets. There is metered parking on King Street in front of the office and on Queen Street. Municipal parking lots are located on Queen Street and Market Street.
Consumer Proposals in St. Catharines
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 St. Catharines 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 St. Catharines 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 St. Catharines
Filing bankruptcy in St. Catharines may be the right solution when you’re facing significant financial challenges, such as overwhelming credit card debt, aggressive collection actions, or unmanageable payday loans. While it’s a serious decision, bankruptcy can provide a fresh start if you’re struggling with minimum payments that exceed your income, dealing with wage garnishments, or facing mounting interest charges that make debt repayment impossible.
Our St. Catharines Licensed Insolvency Trustees understand that every financial situation is unique. We’ll help you evaluate whether bankruptcy makes sense based on factors like your income, assets, and total debt load. Many people find bankruptcy is appropriate when they:
- Can’t make minimum monthly payments
- Are using credit to pay for basic living expenses
- Face legal action from creditors
- Have debt that would take more than 5 years to repay
- Are dealing with severe financial stress affecting their health
Remember, only Licensed Insolvency Trustees can administer bankruptcies and consumer proposals. We offer free, confidential consultations at convenient times to discuss your options. Contact our St. Catharines office today to learn if bankruptcy is the right path for your financial recovery.
St. Catharines 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 St. Catharines team today at 1-866-747-0660.
Debt Relief Experts
