Information About Hoyes Michalos Ontario Bankruptcy Blog

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 »

If you’re carrying high-interest debt and own a home, using your home equity to consolidate what you owe can seem like a smart move. But what happens when you can’t qualify for a second mortgage — or the only offers you get comes with sky-high interest rates? You may still have equity, but if you do … Read more »

If you have high interest debt and own a home, you may be considering getting a second mortgage to consolidate what you owe. Using a home equity loan to refinance your payments and lower your interest costs sounds appealing, but is it the right move? In this article, I’ll explain how second mortgage … Read more »

It is understandable that when you are thinking bout bankruptcy you don’t want that information broadcast to your friends, family and co-workers. Let’s walk through who is actually notified when you file for bankruptcy in Canada, what’s public record, and how likely it is that someone will find out. … Read more »

The Office of the Superintendent of Bankruptcy has announced the new surplus income limits for 2025 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 $2,666 2 $3,318 3 … Read more »