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!
- Essential Bankruptcy Forms in Canada You Need to Know
When filing for personal bankruptcy in Canada, several forms are needed to document your financial situation and start the legal debt relief process. While this might initially seem overwhelming, your Licensed Insolvency Trustee handles most of the paperwork and guides you through each step. Require … Read more »
- Walking Away From Pre-Con Deal. When is a Proposal the Right Solution?
You signed a pre-construction purchase agreement when the market was hot, but now you can’t close on the property. Maybe property values have dropped significantly, or rising interest rates have made your mortgage payments unaffordable. Whatever the reason, you’re worried about losing your deposit a … Read more »
- How Bankruptcy Works for Debtors and Creditors in Canada
Filing for bankruptcy affects both the person filing (the debtor) and those they owe money to (the creditors). Understanding how bankruptcy works from both perspectives can help you make informed decisions about your financial future. Bankruptcy and Debtors Bankruptcy in Canada is a debt relief solu … Read more »
- Do You Need a Bankruptcy Lawyer or a Licensed Insolvency Trustee?
For most Canadians struggling with debt, a Licensed Insolvency Trustee (LIT) is the professional you need to help resolve your financial difficulties. LITs are the only professionals legally authorized to administer consumer proposals and bankruptcies in Canada. While bankruptcy lawyers play an impo … Read more »
- Joint Consumer Proposal: Who Can File Together?
In Canada, a consumer proposal is a formal, legally binding process that allows individuals to make an offer to their creditors to repay less than they owe. For couples or related individuals facing shared financial challenges, a joint consumer proposal can be an effective solution to manage debt co … Read more »