Tag Archives: bankruptcy trustee

Meet our Ontario Bankruptcy Trustee – Local Debt Advice

 10 May 2013
ontario bankruptcy trustee

Today we meet with Hoyes, Michalos & Associates Inc., our local trustee in bankruptcy providing debt management advice for individuals who may need to file for bankruptcy or a consumer proposal in Southwestern Ontario. Douglas Hoyes and Ted Michalos founded Hoyes, Michalos & Associates Inc. in 1999 for one simple…

(2) commentsRead more

Myth #3: A Bankruptcy Trustee Only Does Bankruptcies

 07 Mar 2013
Bankruptcy Information Questions

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.

Read more

Bankruptcy Services and Your Canadian Bankruptcy Trustee

 23 Feb 2013
consumer proposal or debt settlement

A Canadian Bankruptcy Trustee provides more than bankruptcy services. As an expert in debt management, a licensed trustee is qualified to offer you advice on a wide range of debt relief services. While the most common bankruptcy service will be the filing of a bankruptcy, there are many other insolvency services…

Read more

Bankruptcy Lawyer or Bankruptcy Trustee? Who Do I Need?

 13 Feb 2013

In Canada, a personal bankruptcy or consumer proposal is administered by a Bankruptcy Trustee, not a bankruptcy lawyer. No one else has the ability to file a bankruptcy for you. You cannot declare bankruptcy through a lawyer, an accountant or a debt consultant unless they are also a trustee in…

Read more

Credit Counsellors vs. Bankruptcy Trustees: What’s the Difference?

 09 Feb 2013
Credit counselling or bankruptcy

Credit counsellors are in the news a lot these days.  The Toronto Star reported that Canada’s largest not for profit credit counselling agency, Consolidated Credit Counseling Services of Canada operates without certified counsellors. In the story they question whether or not an un-certified counsellor can give qualified advice.  I posted…

Read more

Why Doesn’t Anyone File Bankruptcy in Canada in January?

 10 Jan 2012

Special Guest Commentary by J. Douglas Hoyes, BA, CA, CIRP, CBV, Bankruptcy Trustee I admit that it’s an exaggeration to say that “nobody” files bankruptcy in Canada during the month of January, but it is true that the number of personal bankruptcy filings is drastically reduced in January of each…

(2) commentsRead more

Bankruptcy in Canada: Before you File, Determine What’s Urgent For You

 15 Aug 2011

Guest Commentary by Douglas Hoyes, BA, CA, CIRP, CBV, Bankruptcy Trustee Each week I meet with Canadians in financial trouble, and they tell me they need to file bankruptcy immediately. They assume bankruptcy will solve their financial problems. For some people that’s true, but for others that’s not the correct…

Leave a commentRead more

Canada Bankruptcy Trustees Work For The Creditors, Right?

 18 May 2011

Wrong. It’s a common myth that a bankruptcy trustee works only for the creditors.  This is a myth most often spread by “debt consultants”. This is not to say debt consultants are bad.  In fact many accountants, not-for-profit credit counsellors and others help people deal with their debts, and that’s…

Read more

Why do I need a trustee to file Bankruptcy in Canada?

 16 May 2011

Why would I want to talk to a bankruptcy trustee? Can’t I file bankruptcy in Canada without a trustee? No, bankruptcy in Canada is a legal process, so to file bankruptcy you require the services of a licensed bankruptcy trustee. But won’t a trustee just try to talk me into…

Read more

Your Trustee Files Your Bankruptcy Documents

 15 Apr 2011

Your trustee is responsible for meeting with you during your free initial consultation, preparing your paperwork, and then meeting with you to sign the documents.  Once you have signed all of the documents, the trustee will witness your signature, and then transmit the documents to the government. All bankruptcy documents in Canada…

Read more