Author Archives: Howard Hayes

About Howard Hayes

Howard Hayes is a Licensed Insolvency Trustee and Consumer Proposal Administrator with Hoyes, Michalos & Associates Inc. in Cambridge and Brantford, Ontario. Howard has many years of experience helping clients deal with their debts and is happy to review all of your debt relief options.

You Should Be Looking For a Licensed Insolvency Trustee

03 Apr 2017

The Bankruptcy & Insolvency Act provides different debt restructuring options for Canadians, which includes both personal bankruptcies and consumer proposals. We’re seeing a steady trend where Canadians are increasingly using consumer proposals as a way to deal with their debt. But once you know how to deal with your debts,…

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Bankruptcy And Consumer Proposals Are About A Fair Process For All

07 Nov 2016

When the rules regarding bankruptcies and consumer proposals were initially drafted in Canada, the overriding concern was that the processes and procedures be fair to everyone involved. Yet, this is not as easy as it sounds. To be fair to everyone, bankruptcy rules and legislation have to balance a person’s need…

Need To File Bankruptcy Quickly? How Fast Can It Be Filed?

29 Jun 2015

You may find yourself needing the legal protection that a bankruptcy provides if a creditor is taking legal action against you. Odds are, you want this to happen quickly to stop the creditor from pursuing you further. One key benefit to filing a personal bankruptcy (or consumer proposal) is that…

Myth #5: I’ll Never Get Credit After Bankruptcy

14 Mar 2013

Many people are concerned that if they file for bankruptcy they will ruin their credit forever and never be able to apply for a loan or any form of credit after bankruptcy. Myths: My credit will be ruined. I will never be able to apply for credit after filing bankruptcy….

Myth #4: All My Debts Are Discharged In Bankruptcy

11 Mar 2013

Bankruptcy is not an easy way out. People who file bankruptcy are not walking away from their debts with no consequences. In addition, despite popular belief, not all debts can be discharged by claiming bankruptcy. Bankruptcy and debt can be complicated. Myth: Bankruptcy erases all of your debts. Truth: Personal…

Myth #3: A Bankruptcy Trustee Only Does Bankruptcies

07 Mar 2013

A good bankruptcy trustee provides advice on how to deal with your debts. You may need to go bankrupt, however your trustee will explain all options available to you.

Myth #2: Will I Lose Everything If I Declare Bankruptcy?

04 Mar 2013

One of the first questions asked when people are thinking about declaring bankruptcy is “Will I lose everything” after I file for bankruptcy. It’s often assumed that a trustee will seize everything you have and sell it when you go bankrupt. Myth: I will lose everything by declaring bankruptcy. The trustee…

Myth #1: Everyone Will Know I Filed Bankruptcy

27 Feb 2013

Bankruptcy is a scary word. We know it. But we also know that part of the problem is that there are a lot of misconceptions and untruths about bankruptcy in Canada. To vanquish the monsters in the closet, we have pulled together some of the most common bankruptcy myths we…