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.
Amazing service, friendly and they don't make you feel judged! After a lot of research I have no regrets working with Rebecca and Anne! Would recommend them to anyone!
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Rebecca handled my bankruptcy very professionally and with compassion, a good heart and understanding of my situation. I would highly recommend to anyone who needs help or advice in this situation. Thanks for everything 💐
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Rebecca helped me understand and complete everything necessary to go through with my consumer proposal! My creditors have accepted and I can start to breath again not drowning in the stress of all of my debt!! I can not reccomend them enough!! If you are thinking about it just go for it!! Thank you so much Rebecca and team I am forever grateful!
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Find Our Windsor Bankruptcy Office
DIRECTIONS: We are located at the corner of Ottawa and Pierre in the old Teppermans and Union Hall building right next to Lanspeary Park. There are visitor spots in the office parking lot. Parking is available on street on Pierre Ave, Ottawa Street and the municipal parking lot at the southeast corner of Ottawa and Pierre. The building entrance is on Pierre, and we are the first office on your right. There’s also a bus stop right in front of the building and our office is wheelchair accessible.
Signs You Should Speak With an Insolvency Trustee
When outstanding debt starts to feel overwhelming, it may be time to seek professional advice. If you’re constantly worried about bills, receiving frequent calls from creditors, falling behind on mortgage or car payments or feeling the weight of high-interest loans, help is available.
As Licensed Insolvency Trustees in Windsor, our team is here to help. Our judgment-free confidential consultations include actionable steps to help you regain control of your financial situation.
Consumer Proposals in Windsor
A consumer proposal is a legally binding debt relief option and alternative to bankruptcy available to Windsor residents struggling with unsecured debts. Hoyes Michalos can help you negotiate a consumer proposal, allowing you to repay a portion of your debt over time without interest. Hoyes, Michalos has a 99% success rate for consumer proposals we file. We work with you to craft an offer you can afford.
Consumer proposals are particularly beneficial for those looking to avoid bankruptcy while protecting assets, such as your home and car. Key benefits of consumer proposals include:
- Stops creditor actions immediately
- Allows you to pay less than the full amount owed
- Freezes interest on your debts
- Restructures payments to align with your financial situation
- Does not require good credit, unlike debt consolidation loans
- Provides a clear path to resolve debt without needing additional loans
- The cost of a consumer proposal is known upfront
- Debts are eliminated upon completion of the payments
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 Windsor team today to talk about how a consumer proposal can help you get out of debt and avoid bankruptcy.
Debt Consolidation vs. Consumer Proposal
Managing multiple debt payments can be overwhelming, and consolidating them into one monthly payment might seem like the perfect solution. However, many consolidation loans come with high interest rates, and qualifying can be difficult if you’re already experiencing credit challenges.
A consumer proposal offers a different approach to debt consolidation. You can reduce your debt by up to 80% and combine payments without taking on a new loan. Plus, a consumer proposal provides legal protection from creditors, stops wage garnishments, and helps you keep your assets while working toward becoming debt-free.
Credit Counselling and Debt Management Plans
A Debt Management Plan (DMP) could be a solution for Windsor residents with unsecured debts. However, DMPs typically require full repayment of the debt, and creditor participation is voluntary. You can lower the interest you pay, but you’ll still need to repay 100% of what you owe, and not all debts can be included in a DMP.
For many, a consumer proposal delivers additional advantages, such as reducing the total current debt and providing legal protection from creditors.
Filing Personal Bankruptcy in Windsor
Personal bankruptcy should be a last resort, but sometimes, it is the right solution to help you get out of debt. Our Windsor licensed insolvency trustee can help you decide if filing bankruptcy is the best option to eliminate your debt. As Licensed Insolvency Trustees, we understand taking this step isn’t easy, but it can offer immediate protection from creditors and eliminate most unsecured debts. We’ll explain how bankruptcy works, protect your rights throughout the process, and help you understand how bankruptcy affects you and your familty. Together, we’ll create a clear path toward your financial recovery.
Windsor 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.
Get Relief From Credit Card Debt
If credit card debt has spiralled out of control due to high interest rates, we can help you create a manageable repayment plan that simplifies your payments and reduces the total amount you owe.
Escape the Payday Loan Trap
We also assist Windsor residents who are caught in the payday loan cycle. Payday loans are easy to get but often come with excessive interest rates that trap borrowers in debt. Our LITs can include payday loans in our debt relief programs to help you break free from their grip.
Tax Debt Solutions for Windsor Residents
Owing tax debt to the Canada Revenue Agency can be stressful, but Licensed Insolvency Trustees are authorized to negotiate directly with the CRA. We’ll work with you to stop penalties, reduce the amount you owe and prevent further enforcement actions, such as wage garnishments and frozen bank accounts.
Student Loan Forgiveness Options
If it’s been over 7 years since you left school, you may qualify to have your government student loan debt discharged through a consumer proposal or by filing for bankruptcy. Let us help you explore your options for financial relief.
End High-Interest Loan Struggles
If you’ve taken out high-interest installment loans, which can reach rates of up to 59%, we can include them in a consumer proposal or debt settlement plan. We aim to help Windsor residents eliminate unsustainable debt and regain control of their financial future.
Why Talk With a Licensed Insolvency Trustee?
The trustees at Hoyes Michalos are federally regulated professionals authorized to administer consumer proposals and bankruptcies. Don’t waste time with unlicensed debt consultants —Licensed Insolvency Trustees are the only professionals in Canada who can legally offer these services.
When you choose us, you get expert advice from licensed professionals with extensive experience helping Windsor residents achieve debt relief. We offer free, confidential consultations, and we’ll take the time to fully understand your financial situation so we can recommend a solution that’s right for you.
If you would like help becoming debt free, call our Windsor team today at 1-866-747-0660.
Debt Relief Experts
