Information About Hoyes Michalos Ontario Bankruptcy Blog
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!
- How a Consumer Proposal in Canada Affects Secured Debt
Dealing with financial challenges often involves navigating through a web of debts, each with its own rules and consequences. Secured and unsecured debts pose different considerations, and understanding how a consumer proposal affects secured debt is crucial for anyone contemplating this debt relief … Read more »
- How Does a Consumer Proposal Work
Consumer proposals in Canada are a debt relief solution for individuals drowning in debt, offering a structured plan for financial recovery. In this article, we’ll explore how a consumer proposal works, explaining eligibility criteria, the filing process, legal protection, creditor considerations, a … Read more »
- Will the Federal Government Finally Put an End to Unregulated, Unlicensed Debt Consultants?
I’ve been at the forefront of the battle against unlicensed and unregulated debt consultants for years. Today, I’ll delve into the recent developments surrounding this issue and explore whether the government is finally ready to end these dishonest practices. We first wrote about the problem with un … Read more »
- 2023 Debt Statistics and What It Means for Consumer Insolvencies
The past year has seen a steady erosion in financial stability for Canadian debtors. The result is that consumer insolvencies are rising rapidly. In my year-end post, I will outline what is behind the average Canadian debtor’s re-accumulation of consumer credit and how that will impact consumer inso … Read more »
- The Pros and Cons of Using a Payday Loan for Emergencies
Life is full of unexpected twists and turns, and sometimes, we face emergency expenses requiring immediate attention. When these financial crises hit, many individuals turn to payday loans, short-term personal loans, or cash loans as a quick solution. However, it’s crucial to understand that while p … Read more »