So what’s so great about a Consumer Proposal?

September 26, 2011

Have you ever not felt good about doing something and then shortly after thought to yourself, “that wasn’t so bad”?  Many people I meet struggle with the whole psychological effects of filing a bankruptcy.  Good news, there are other options that won’t play with your emotions quite so much.  A consumer proposal is a great [...]

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Why should I choose a consumer proposal over a bankruptcy?

September 20, 2011

While here at Hoyes, Michalos everyone is presented with all the options to deal with their financial situation, more often than not, most choose a consumer proposal over a bankruptcy.  There are obvious situations where it becomes evident that someone should file a bankruptcy due to cash flow or lack of income, however, a proposal [...]

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Myths about consumer proposals, bankruptcies, payday loans and creditors – debunked!!

September 19, 2011

Why are there so many myths out there surrounding bankruptcies and consumer proposals, debt consultants and payday loans?  Doug Hoyes and Ted Michalos, both licensed Trustees and co-owners of Hoyes, Michalos & Associates, Inc. will be featured on the radio show Ask the Experts on 570 News Radio on Saturday, September 24th at 10:00am to debunk [...]

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A consumer proposal – what a great idea!!!

September 15, 2011

I recently met with a couple here in our Hamilton office who were struggling with debt but were adamant they were not going to file a bankruptcy.  Of course, I reviewed the bankruptcy process with them but focused on a consumer proposal based on their situation. Surplus income was going to be an issue in a bankruptcy [...]

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Bankruptcy rates decline in Hamilton

September 8, 2011

So I’m at work the other day, my phone rings and on the other end is a woman, reluctant to tell me her name, let alone her financial problems. Her first question out of her mouth was, “are you going to yell at me?” To me, that seemed like a ridiculous question, to her, not [...]

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