Self Employed and Considering a Consumer Proposal? 5 Things You Need to Know
Are you self-employed and struggling with debt? A consumer proposal may be a good option for you. It’s a legal debt relief process intended for individuals who can’t pay the full amount of their debts,...
View ArticleConsumer Proposal vs Bankruptcy – Which One is Right for You?
Consumer proposals and bankruptcies offer similar benefits, but differ in length and cost. How do you know which one is right for you? It will depend on your financial situation. Listen to this week's...
View ArticleCreditor Protection: Consumer Proposal vs. Debt Management Plan
Generally, the reason people contact us at Hoyes Michalos is to see what their options are for dealing with their debts. They're looking for debt relief so they can get a fresh start. However sometimes...
View ArticleThe Money Mindset of a Hoyes Michalos Client
We have conversations with clients every day, but it's very rare that one wants to open up about their story and help others from one debtor to another. The post The Money Mindset of a Hoyes Michalos...
View ArticleIs a Consumer Proposal a Good Idea?
A consumer proposal is just one option for dealing with debt. As a debt relief approach it has it’s own advantages and disadvantages over other programs that help you get out of debt. For example: it...
View ArticleHow A Consumer Proposal can Improve Your Cashflow
A consumer proposal is a safe and reliable way to get out of debt but it can also be the cheapest in terms of monthly payments. This is because a consumer debt proposal combines two substantial...
View ArticleConsumer Proposal vs Bankruptcy – Which One is Right for You?
Consumer proposals and bankruptcies offer similar benefits, but differ in length and cost. How do you know which one is right for you? It will depend on your financial situation. Listen to this week's...
View ArticleConsumer Proposal Can Break the Debt Cycle
Debts don’t just appear overnight and neither does a personal debt crisis. Your debt probably started out fairly manageable. After all, most people borrow money with the full intention of repaying...
View ArticleMust A Consumer Proposal Include All My Creditors?
A consumer proposal has a lot of advantages. It offers legal protection while you make a settlement offer to your creditors. It also allows you to negotiate payments you can afford while keeping assets...
View ArticleSelf Employed and Considering a Consumer Proposal? 5 Things You Need to Know
Are you self-employed and struggling with debt? A consumer proposal may be a good option for you. It’s a legal debt relief process intended for individuals who can’t pay the full amount of their debts,...
View ArticleCreditor Protection: Consumer Proposal vs. Debt Management Plan
Generally, the reason people contact us at Hoyes Michalos is to see what their options are for dealing with their debts. They’re looking for debt relief so they can get a fresh start. However sometimes...
View ArticleThe Money Mindset of a Hoyes Michalos Client
We have conversations with clients every day, but it's very rare that one wants to open up about their story and help others from one debtor to another. The post The Money Mindset of a Hoyes Michalos...
View ArticleHow Do I Get Out Of Debt Without Losing My Home?
For people experiencing debt problems, finding a way to get out of debt and keep their home is usually their top concern. Ontario introduced exemption laws around home equity in 2015 that mean that you...
View ArticleWhat Happens to my Car if I File Bankruptcy or a Consumer Proposal?
A question we are often asked is what happens to my car after you file bankruptcy? The answer depends on several questions. The first question that you will be asked is “what is your car worth?” To...
View ArticleClik here to view.
Top 5 Alternatives to Bankruptcy in Canada
Hoyes, Michalos & Associates Inc. is not a bankruptcy firm – we are a “fresh start” organization. We know that bankruptcy is not your only option. When you call us for help with overwhelming debt,...
View ArticleClik here to view.
How A Consumer Proposal Works
In Canada, a consumer proposal is not like bankruptcy for the following reasons: You don’t surrender your assets You don’t declare bankruptcy You avoid most of the duties required of a bankrupt like...
View ArticleDebts You Can and Cannot Include in a Consumer Proposal
You might be wondering if a consumer proposal is the right solution for you to eliminate your debts. For many in Ontario, it is. As an affordable repayment plan, it allows Canadians to achieve debt...
View ArticleKeep Your Assets with a Consumer Proposal
One of the main benefits of a consumer proposal is that your assets are protected while you achieve debt relief. This advantage is especially important if you have equity in your house, own a newer or...
View ArticleShould You File a 100% Consumer Proposal to Consolidate Debt?
With the rapid rise in the real estate market, you may now find yourself with significant equity in your home, yet you are also carrying high interest unsecured debt. On paper you have equity in your...
View ArticleDoes a Consumer Proposal Affect my House and Mortgage?
You might be considering a consumer proposal to pay off your debt but are unsure of its impact on your house and mortgage. The good news is a consumer proposal lets you achieve debt relief from your...
View Article