Hoyes Michalos and Associates Ontario Personal Bankruptcy Blog 
Discusses personal bankruptcy issues and the legal aspects of bankruptcy for residents of Ontario, Canada.
Post Frequency: 0.1/day Last Entry: November 20, 2009 at 10:08:37 Recent Entries: 32
By Hoyes Michalos and Associates
Go to Hoyes Michalos and Associates Ontario Personal Bankruptcy Blog, find other Bankruptcy blogs, or browse all law blogs.
Massive Increase in Personal Bankruptcy Rate in Ontario and Canada
Posted on November 20, 2009Massive increase in personal bankruptcy filings in September 2009
Asking Your Questions Live on the Radio
Posted on November 06, 2009We receive hundreds of e-mails every day from people experiencing financial hardship. Several of these e-mails ask similar questions so we have decided to provide answers live on the radio at 12 noon on Saturday November 14, 2009. Scott Schaefer, the bankruptcy trustee responsible for our Kitchener office, and Howard Hayes from our Cambridge office, are [...
Credit Education Week Canada
Posted on October 28, 2009Canada’s third annual Credit Education Week starts next week, and it’s a great opportunity to learn more about money management. At least once a week I meet with someone who says to me “I got in to financial trouble because I never learned how to manage money...
Make the Call ? We are Here to Help
Posted on October 14, 2009I recently joined Hoyes Michalos, and I work in our London and Sarnia offices. Previous to joining Hoyes Michalos I spent 6 years as a credit counsellor. One theme that comes up again and again in my work is that folks we see are hesitant to call for help...
A Small Victory in the Fight For Fairness in Bankruptcy Rules
Posted on September 29, 2009Douglas Hoyes explains the fight to improve bankruptcy rules
Record Day for Bankruptcy Filings, and Some Predictions
Posted on September 21, 2009The new bankruptcy rules are here. As I have been discussing for many months here on the Hoyes Michalos Bankruptcy Blog the new rules came into effect on Friday September 18, 2009. To beat the new rules many people filed bankruptcy in the few days leading up the rule changes...
Get Ready for the New Bankruptcy Rules
Posted on September 12, 2009On September 18, 2009 the cost of bankruptcy will increase for many Canadians. Readers of the Hoyes Michalos Bankruptcy Blog will know that we have advocated for change for many years. In February 2008 Ted Michalos and I were the only personal bankruptcy trustees to be given a full hour to testify before the Senate [...
Talking on TV About The New Bankruptcy Rules
Posted on August 11, 2009As we move toward the implementation of the new bankruptcy rules on September 18, 2009, the world is starting to notice. I did a live interview today on BNN - The Business News Network. You can watch the interview on the BNN web site. At the end of the interview I explained that [...
New Bankruptcy Rules On September 18, 2009
Posted on August 09, 2009In December, 2007 the Parliament of Canada passed new bankruptcy rules, but they did not implement the new rules. This created considerable uncertainty for all Canadians in financial difficulty, because they didn’t know whether they should file a consumer proposal or bankruptcy now, or wait until the new rules were implemented...
Personal Bankruptcy Rate in Ontario Jumps: No End Yet to Recession
Posted on July 02, 2009Back in May I reported on the massive increase in the personal bankruptcy rate in Ontario. I am sad to report that the personal bankruptcy rate continues to jump. We have just finished the month of June, 2009. June is typically not a very busy month for us here at Hoyes Michalos...
A Response from the Ministry of Industry (Sort Of)
Posted on June 18, 2009On May 19 I asked the question: When will the government help the average Canadian? Parliament has passed laws to make it easier for Canadians to make a proposal to their creditors and avoid personal bankruptcy, but they have not implemented these new rules...
A response from the Prime Minister (sort of)
Posted on May 29, 2009Back on May 19 I asked the question: When will the government help the average Canadian? We are in the depths of a series recession; the federal government has passed new rules that would help the average person, but they have not yet implemented the rules...
When will the government help the average Canadian?
Posted on May 19, 2009The federal government has passed two laws to help people in financial trouble, but for some unknown reason the government refuses to bring the laws into force. Bill C-55 makes it easier to file a consumer proposal, and was given Royal Assent on November 25, 2005, and Bill C-12, which makes it easier for bankrupts to [...
Massive increase in personal bankruptcy rate in Ontario
Posted on May 12, 2009The personal bankruptcy rate continues to grow. 2008 was a record year for personal bankruptcies, and 2009 has started at an even faster rate of growth, according to statistics just released by the Office of the Superintendent of Bankruptcy. Consumer bankruptcy filings in 2008 increased by over 16% in Ontario in 2008...
Will I be able to get credit again after bankruptcy? How long will it take?
Posted on May 11, 2009You know that you are having financial problems, and you have decided to call a bankruptcy trustee and you are pretty sure that you are going to file for personal bankruptcy. There is just one more question you want to ask: ?How long will it take for me to be able to get credit again?? [...
Bankruptcy rate rising faster than ever
Posted on May 04, 2009The number of personal bankruptcies continues to grow at an ever increasing rate. The number of people who filed for bankruptcy in Canada in 2008 was the highest number on record. Consumer bankruptcy filings in 2008 increased by over 16% in Ontario in 2008...
Debt Consolidation Loans: The Hidden Trap
Posted on April 20, 2009A significant number of the people who call our 310-PLAN information line, or who complete our free bankruptcy evaluation questionnaire or who e-mail Hoyes Michalos with questions, are asking a simple question: How can I get a debt consolidation loan? The concept behind a debt consolidation loan is simple: you get a loan at [...
CBC Interview: What is Bankruptcy Like?
Posted on March 30, 2009I was interviewed on Sunday March 29 on CBC Television on their CBC News Sunday program. You can watch the clip of the bankruptcy segment here. As the recession continues, personal bankruptcy in Canada is increasingly in the news. Bankruptcy rates are up, so the CBC wanted to do a story on how bankruptcy affects [...
Bankruptcy Coverage in the Media
Posted on February 05, 2009The 310-PLAN helpline at Hoyes, Michalos & Associates has been “ringing off the hook” for the last few months, as an ever increasing number of people in financial difficulty place the call for help. As companies lay off workers, and as the real estate market collapses, an ever increasing number of people are in financial [...
Dealing with Debt in 2009
Posted on January 19, 2009What will the year 2009 be like? I was asked to write a column for the 2009 Annual Forecast Issue of Rex Magazine, a magazine distributed to homes and business in Kitchener, Cambridge and Guelph. In my article, which you can read on the Rex Magazine website, I said that the world has changed...
The Economic Crisis on ProvinceWide and Canada AM
Posted on December 04, 2008Over the past month I have received a number of calls from reporters asking for my thoughts on the economic crisis. I’m always eager to share practical advice on how to deal with debt. On November 8 I appeared on ProvinceWide on CTV Southwestern Ontario on a show called Your Money, Your Future (you can [...
Collection Agency Tricks
Posted on November 17, 2008In my last post about collection agencies I discussed a letter of direction from the Ministry of Small Business and Consumer Services Debt Recovery Regulation Unit to the collection agency industry in Ontario. In this letter, the Ministry told the collection agencies operating in Ontario to stop sending people ?draft? legal documents with their collections letters [...
Collection Agencies: Tricks of the Trade
Posted on November 10, 2008Many visitors to hoyes.com are experiencing problems with collection agencies. Recently, a Registrar with the Ministry of Small Business and Consumer Services Debt Recovery Regulation Unit issued a letter of direction to the collection agency industry in Ontario...
How to Survive the Economic Crisis
Posted on October 09, 2008It seems that every time we open a newspaper or turn on the news we hear more stories about banks failing, bailouts, higher unemployment, and other economic bad news. All of this bad news is starting to take it’s toll on our outlook on our economic future...
You Need a PLAN
Posted on September 08, 2008The economy is getting worse. I just met with a car salesman who told me that he is selling fewer cars this year than last. Factory workers are telling me there is no more overtime, and many are now on reduced shifts or layoffs. I even met with a collection agent this [...
Seniors? Unique Struggles can lead to Financial Problems
Posted on July 30, 2008As people get older, their lives can become both more fulfilling and more challenging. Retirement brings the freedom of not having a set schedule but can also lead to a number of difficulties, including financial ones. Working at the Hoyes, Michalos & Associates offices in Kitchener and Barrie, I am hearing [...
Bankruptcy Laws Change - Student Loans Now Dischargeable After 7 years - Most RRSPs Now Exempt
Posted on July 08, 2008On July 7, 2008 the federal government put two long-awaited changes to federal bankruptcy law into force. Although this came unexpectedly, it is good news for many Canadians in financial trouble. The first change reduces the student loan discharge period from ten years to seven...
You, Bankrupt: New Study Reveals That the Average Bankrupt Looks Like You and Me
Posted on March 31, 2008What do you think a bankrupt person looks like? Do you think they are unemployed and ?down and out??I personally compiled statistical data on everyone who recently filed personal bankruptcy or a consumer proposal with Hoyes Michalos, and in our just released study, The Face of Bankruptcy - You May be Similar to the Typical Bankrupt Person, we reveal that the average bankrupt looks very much like the average Canadian...
Personal Bankruptcy Rate Increases in Ontario in 2007
Posted on March 21, 2008The number of personal bankruptcy and consumer proposals filed in Ontario reached a record 42,434 in 2007, an 8.2% increase over 2006 levels.That total is made up of 31,409 people who filed personal bankruptcy in Ontario in 2007, an increase of 5.2% over 2006, and 11,025 people who filed a consumer proposal in Ontario in 2007, an increase of 17...
Douglas Hoyes and Ted Michalos Testify in Ottawa
Posted on February 08, 2008On February 7, 2008, Ted Michalos and Douglas Hoyes appeared as expert witnesses before the Senate Standing Committee on Banking, Trade and Commerce to provide our testimony on bankruptcy reform, and the proposed changes to the bankruptcy rules in Canada...
Off to Ottawa to Fight For Fair Bankruptcy Rules
Posted on February 04, 2008Back in December I posted an article announcing that new bankruptcy laws have been passed by Parliament, but they have not yet come into force. In an effort to ensure that the rules are fair and balanced, the Senate Banking, Trade and Commerce Committee is holding hearings to review the new legislation...
How to Stop Home Foreclosure
Bankruptcy can Stop Foreclosure
Bankruptcy Law
A complete prime (pre-2005)
Vioxx Lawsuits
Vioxx personal injury suits are a seroius concern for Merck and patietns
Construction Site Accidents
Lawsuits related to accidents
How to evict a roommate?
First, in most jurisdictions "self-help" is not a remedy available to any party ...
How to prove housing discrimination based on sexual orientation in student housing?
There are several things you can do. First of all, contact any welfare advisors,...
How to collect a personal loan from a spouse?
You local court will probably have someone to offer you some assistance as you p...
How to prove child support payments were sent by US Mail?
Your best bet is to send the checks via certified mail return receipt requested....
Do I still have to pay a bill that arrived 3 years late? I bought a custom chair 3 years ago. I paid for half of the chair when I made the purchase ($450). They were going to send me a bill for the second half. I never r
Are you asking for the moral answer or the legal answer? Morally, well, what do ...
#1 Online Legal Resource
On 08-28 at 21:13PM
Ten months later, Fed must reveal names of emergency lending recipients #FOIA
On 08-25 at 19:02PM
Squeaky Fromme, would-be Ford assassin and Manson devotee, released from prison
On 08-14 at 15:19PM
Likely unintended consequence of cash-for-clunkers stimulus is dampening of 2010 spending
On 08-14 at 14:34PM
Palm seeks to halt Palm Pre Android theme on copyright and trademark ground
On 08-12 at 17:30PM
Congressional investigation demonstrates Karl Rove lied about his active role in US attorney's firing
On 08-12 at 16:20PM
Family of New York City swine flu victim to sue city for failure to secure school #nyc #swineflu
On 08-12 at 12:59PM
Real Network's DVD copying software deemed to break DMCA's anti-circumvention provisions
On 08-12 at 12:57PM
Prepaid funeral operators indicted for $100 Million fraud
On 08-12 at 12:53PM
NY Jets join Cincinnati, Dallas, Green Bay, Houston & Seattle #NFL teams offering branded state lottery games
On 08-12 at 12:43PM
How to evict a roommate?
First, in most jurisdictions "self-help" is not a remedy available to any party ...
How to prove housing discrimination based on sexual orientation in student housing?
There are several things you can do. First of all, contact any welfare advisors,...
How to collect a personal loan from a spouse?
You local court will probably have someone to offer you some assistance as you p...
How to prove child support payments were sent by US Mail?
Your best bet is to send the checks via certified mail return receipt requested....
Do I still have to pay a bill that arrived 3 years late? I bought a custom chair 3 years ago. I paid for half of the chair when I made the purchase ($450). They were going to send me a bill for the second half. I never r
Are you asking for the moral answer or the legal answer? Morally, well, what do ...
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| GoDaddy Hosting
All original material © 1999-2009 by USLaw.com. |