What To Do If Your Wages Are Being Garnisheed: Infographic
A wage garnishment is a legal proceeding where a creditor sues a debtor to ensure that they are repaid for a debt. Any creditor can sue for a garnishment order for any debts owed including outstanding...
View ArticleHow Do I Know If I'm Insolvent?
Many people who come to Hoyes Michalos have debt that is just simply beyond repayment. They end up insolvent and file bankruptcy to absolve their debts and get a fresh start. There are many ways to...
View ArticleABCs of Rebuilding Credit
If you are struggling with paying your bills and it’s affecting your credit score, you aren’t the only one whose debt is steadily outpacing your income. According to Statistics Canada, as of the second...
View ArticleShould You Declare Bankruptcy?
If you are wondering if declaring bankruptcy is the right solution to eliminate your debts, read through our handy infographic to answer some key questions: Do you qualify? What does bankruptcy do for...
View ArticleDispelling Common Fears of Bankruptcy
Bankruptcy happens to almost 120,000 Canadians every year. In bad times the number of bankruptcies and consumer filings increase. When the economy recovers they decline. But they never go away because...
View ArticleConsumer Proposal or Bankruptcy: Decision Factors
Both bankruptcy and a consumer proposal will eliminate debt, both provide protection from creditors and stop collection calls. However not everyone should file bankruptcy and a consumer proposal won’t...
View Article5 Stages of a Bankruptcy in Canada
Bankruptcy in Canada can be filed by any individual who owes at least $1,000 and is insolvent. The process of filing personal bankruptcy in Canada is completed in five steps as outlined in our easy to...
View Article10 Bankruptcy Definitions You Need To Know
As licensed insolvency trustees, we will explain how bankruptcy works and what it will mean for you and your family. To help you understand the bankruptcy process here are 10 bankruptcy definitions you...
View ArticleFinances and Relationships: Infographic
Does a couple’s debt affect their relationship? Or does a couple’s relationship affect their debt? Are finances and relationships just another variation of the classic ‘what came first: the chicken or...
View ArticleStudent Debt: Facts, Lessons & Solutions
The cost of post-secondary education has been steadily increasing in Canada, leaving many graduates with student debt that is becoming much more difficult to pay back. Today’s students face ever...
View ArticleWhat To Do If Your Wages Are Being Garnisheed: Infographic
A wage garnishment is a legal proceeding where a creditor sues a debtor to ensure that they are repaid for a debt. Any creditor can sue for a garnishment order for any debts owed including outstanding...
View ArticleHow Do I Know If I’m Insolvent?
Many people who come to Hoyes Michalos have debt that is just simply beyond repayment. They end up insolvent and file bankruptcy to absolve their debts and get a fresh start. There are many ways to...
View ArticleABCs of Rebuilding Credit
If you are struggling with paying your bills and it’s affecting your credit score, you aren’t the only one whose debt is steadily outpacing your income. According to Statistics Canada, as of the second...
View ArticleClik here to view.
How Does Bankruptcy Work? An Infographic
Bankruptcy is a legal process that provides protection from your creditors and eliminates your debts. Our easy to understand infographic explains: What you need to file; What happens when you go...
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What are the Risks to Debt Relief Options in Ontario?
Before you decide on a debt relief solution in Ontario, make sure you understand the implications of each. While every option has its own benefits in terms of interest savings and cost, each one also...
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A Complete Guide To Joint Debts
It is not uncommon today for partners to enter a relationship with their own pre-existing debt then add to that debt after they’re married or common-law. Understanding the difference between financial...
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Should You Declare Bankruptcy?
If you are wondering if declaring bankruptcy is the right solution to eliminate your debts, read through our handy infographic to answer some key questions: Do you qualify? What does bankruptcy do for...
View ArticleClik here to view.
Dispelling Common Fears of Bankruptcy
Bankruptcy happens to almost 120,000 Canadians every year. In bad times the number of bankruptcies and consumer filings increase. When the economy recovers they decline. But they never go away because...
View ArticleClik here to view.
Do I Need to File Bankruptcy For My Student Debt?
According to the Canada Student Loan Program (section 4.3), the average student in Canada is graduating with more than $12,000 in student debt. That’s a pretty significant amount of debt to start out...
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