How We Can Help
- Bankruptcy, consumer proposal, credit counselling
- Flexible appointments 8:00 am to 6:00 pm and evenings available
- Free no-obligation consultation
- Answers to your questions by phone or email
When you’re struggling with debt, you want to talk with someone who will understand and provide you with clear, honest answers about your options.
Hoyes Michalos & Associates is the leading personal insolvency firm in Kitchener. We offer local bankruptcy and consumer proposal services in the Kitchener Waterloo area. Our Kitchener trustees provide caring, professional and personal service to everyone who calls.
How We Can Help
We believe it is important for you to research all your options regarding personal bankruptcy and bankruptcy alternatives including credit counselling and debt consolidation options.
The process begins with a free initial consultation with either Scott Schaefer or Ian Martin, our two federally licensed insolvency trustees in Kitchener. During your consultation they will talk to you about your options including:
A consumer proposal is a debt settlement offer made to your creditors to settle your debts. Legally binding, sanctioned by the government and filed through a bankruptcy trustee it is a great way to avoid bankruptcy altogether. In fact in the Kitchener – Waterloo – Wellington area 60% of the files we do are consumer proposals.
Like bankruptcy, a consumer proposal will stop collection calls, stop wage garnishments and eliminate your debt. However because you do not file bankruptcy, you keep all of your assets like a home or car.
Personal bankruptcy is a legal process, governed by the Bankruptcy & Insolvency Act, that will discharge your debts. By filing bankruptcy you receive immediate protection from creditor actions like harassing phone calls and legal threats and you stop dealing with your creditors.
In most cases, you can receive an automatic discharge after 9 months, or if your income is high, 21 months. Credit counselling during your bankruptcy will provide you with information and tools that can help you begin the process to rebuild your credit and begin your fresh financial start.
Scott or Ian will meet with you and review your financial income to see if bankruptcy really is the best solution. In many cases it can be avoided. If however you need to file bankruptcy, Scott or Ian will always be available to answer any questions you have along the way.