Information About Hoyes Michalos Ontario Bankruptcy Blog
Recent Posts
Below is a preview of the five most recent posts from the blog Hoyes Michalos Ontario Bankruptcy Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- New Surplus Income Limits for 2026
The Office of the Superintendent of Bankruptcy has announced the new surplus income limits for 2026 bankruptcy filings. We list the thresholds below and provide an example to help you understand what surplus income can mean for your bankruptcy filing. Family Size Income Threshold 1 $2,716 2 $3,381 3 … Read more »
- Third-Party Service Provider Fees Must Be Disclosed
Another day, another third-party service provider case, but this time with a very clear message from the Official Receiver (a federal government official who works for the Office of the Superintendent of Bankruptcy). In a recent Report of the Official Receiver regarding a consumer proposal filed in … Read more »
- Ontario Bankruptcy Exemptions: What Can They Take and What Assets You Keep
Worried about losing everything if you file for bankruptcy in Ontario? You’re not alone. Many people fear that bankruptcy means surrendering all their assets. In reality, Ontario’s “bankruptcy exemptionsâ€� protect certain essentials. Understanding what assets you can keep in bankruptcy can give … Read more »
- What Does it Cost to File for Bankruptcy in Ontario?
Filing for bankruptcy is a big decision. It has both positive and negative financial consequences that impact you and your family. Before you make such a big decision it’s important to weigh your options and understand the ramifications of filing for bankruptcy in Ontario, both in the short and long … Read more »
- How to Get Out of Gambling Debt in Canada
Facing gambling debt can feel overwhelming, isolating, and stressful, but you’re not alone. Single even sports betting was legalized in 2021 in Canada. Unfortunately, it’s now creating serious debt problems for many people who gamble on these events. Fortunately, there are clear and effective ways t … Read more »