Bankruptcy

Don?t be an April Fool

Posted on April 01, 2011
Paying an up front fee to a debt consultant is a waste of money - Don't be an "April Fool" - Deal with a licensed trustee with no up front fees.

Ontario Bankruptcy Rate Drops, But Consumer Proposal Rate Surges Higher

Posted on March 28, 2011
The bankruptcy rate declined in Ontario in 2010, but consumer proposals increased, and debt levels remain very high

Credit Counselling and Debt Management Plans ? Are They Right For You?

Posted on March 21, 2011
Credit Counselling and Debt Management Plans are a good solution, but for many a consumer proposal is even better.

It?s March Break ? Try a Staycation

Posted on March 14, 2011
Take a staycation and save money

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Debt Consolidation Loans ? Are they better than bankruptcy?

Posted on March 07, 2011
Are Debt Consolidation Loans Better Than Bankruptcy? It?s important when considering solutions to debt problems, to consider all your options and to weigh up the advantages and disadvantages of each.  Sometimes the correct solution for you may not always be the first one considered...

Credit Cards Create Financial Abyss For ?Joe Debtor?

Posted on February 28, 2011
Joe Debtor, the typical insolvent person, looks like the average Canadian, except for a significantly higher level of debt.

The Blahs of Winter ? How to Deal with the debt Blahs

Posted on February 23, 2011
Strategies for dealing with the financial winter "blahs"

Family Day: How To Talk To Your Children About Money

Posted on February 17, 2011
A Family Day Special: How to talk to your children about money

Do I Lose my RRSP if I go Bankrupt in Ontario?

Posted on February 14, 2011
In most cases you do not lose your RRSP if you file for bankruptcy in Ontario.

Credit Repair: How to Make a Plan to Repair Your Credit

Posted on February 07, 2011
An insider's view on how to repair your credit.

Will I lose everything if I go bankrupt in Ontario?

Posted on January 31, 2011
The answer is no, you will not lose everything if you file for bankruptcy in Ontario. My name is Janette Martin and I am an estate manager working with Trustee Benny Mendlowitz here in the Hoyes Michalos & Associates Inc. North York office. There are many misconceptions about what happens to a person when they [...

The Smart Canadian?s Guide to Saving Money by Pat Foran

Posted on January 26, 2011
At Hoyes,  Michalos and Associates, we are committed to helping people. Our assistance does not stop after someone works out a plan to deal with their debts.  We feel that through education and resources we can provide more tools for individuals and families to obtain the fresh start they deserve and build a stronger future...

What Can I Do If I Can?t Pay My Student Loans?

Posted on January 24, 2011
The concept behind student loans is that everybody wins. Student loans are an investment by the government in you.  They lend you money so that you can further your education.  You further your education so that you can get a new or better paying job...

Dealing with collection agents

Posted on January 17, 2011
Most of the people we talk to here at Hoyes Michalos & Associates have had at least one of their debts put into collections.  It is never a pleasant experience. If a lender?s efforts to recover a debt are not successful, they often hire a third party collection agency to try to recover their money...

How to Stop a Wage Garnishment

Posted on January 10, 2011
Once a wage garnishment starts, there are two obvious ways to stop the garnishment: a consumer proposal or personal bankruptcy.

How to start the new year off right

Posted on January 03, 2011
Start the year off right

New Year?s Debt Resolutions

Posted on December 27, 2010
It’s that time of year again, where people look to get a fresh start and improve their lives. Many people do this in the form of New Year’s resolutions. Some of the most common New Year?s resolutions are: Improving personal health: some of the popular resolutions in this category are weight loss, quit smoking, exercise [...

More Money Saving Tips for Christmas

Posted on December 20, 2010
More money saving tips for Christmas

Avoid Debt and Have a Stress Free Christmas

Posted on December 13, 2010
Spend less, make a plan, and have a stress free Christmas.

Having it all in December, Losing it all in February : some things to consider this Christmas

Posted on December 06, 2010
Several surveys conducted by organizations around the world have found respondents still feeling the effects of the recession. In one survey, when asked about their spending plans, 51% of respondents stated that they would be spending less on Christmas this year...

Consumer Proposals: How Does It Work?

Posted on November 29, 2010
A consumer proposal is a great way to deal with your debts, and get a fresh start.

How to Deal With Collection Agents

Posted on November 16, 2010
Collection agents often use a "dirty trick" to harass you into paying; we discuss some options for dealing with collection agencies.

Credit Education Week Canada

Posted on November 13, 2010
Credit Education Week Canada provides information on credit, and debt and money management.

Big Banks, Creditor Oppositions, and the Hoyes Michalos Difference

Posted on November 08, 2010
Hoyes Michalos works to ensure that your creditors follow the rules if you declare bankruptcy.

Collection Agency Calls and How to Stop Them

Posted on November 01, 2010
Collection agencies want to collect money; we discuss their dirty tricks, and how you can deal with collection calls.

Creditor Opposition to Bankruptcy Discharge ? Delaying Your Fresh Start

Posted on October 25, 2010
Any creditor can oppose your discharge from bankruptcy; we explain creditor oppositions, and how to avoid them.

Is There Really a Hoyes and a Michalos?

Posted on October 21, 2010
Each week I meet with approximately two dozen people in financial trouble, and at least once a week one of the people I meet with is surprised that they are actually meeting with “Mr. Hoyes”. They are surprised because they assume that “Hoyes Michalos” is just a name, or it’s a company started by two [...

In The Dark

Posted on October 13, 2010
Living through a power failure makes you realize how powerless you feel when you have debt problems.

Do Senior Citizens Need to File Bankruptcy?

Posted on August 11, 2010
Senior citizens and retirees can file personal bankruptcy in Ontario, but there are other options.

Mortgages and Bankruptcy in Ontario: What You Need to Know

Posted on May 04, 2010
If you file bankruptcy in Ontario and own a home, there may be hidden fees and charges.

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