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Hoyes, Michalos & Associates Inc.

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Hoyes, Michalos & Associates Inc. is a Licensed Insolvency Trustee providing debt relief solutions to residents across Ontario. For over 20 years we’ve focused solely on helping individuals find debt relief.

Personalized Debt Solutions

We take the time to get to know your situation. By listening to your story and understanding your needs we can provide you with a plan to become debt free that really works.

TIME IN BUSINESS: Since 1999
# OF CUSTOMERS: Over 60,000

Visit and contact Hoyes-Michalos today

1-866-921-7141

800 King Street West, #2a, Kitchener, Ontario N2G 1E8

Call Center: Mon-Thu: 8AM-6PM Fri: 8AM-5PM

Support Offered:

Phone & Video Consultations
Credit Counselling

Availability: Ontario

Products Offered

Below are all the products offered by this company.

Eliminate Debt

A consumer proposal is a formal agreement between you and your creditors to settle your debts for less than you owe. A consumer proposal can lower your debt repayment by as much as 80%.

consolidate AND reduce debt
no interest
up to 80% debt reduction
keep your assets
stop creditor actions

Personal bankruptcy should be a last resort, but sometimes it is the right solution to help you get out of debt. We will only recommend bankruptcy once all other options have been explored.

Types of Debt

A consumer credit proposal deals with unsecured creditors and can eliminate almost all unsecured debts including:

credit card debts,
bank loans,
payday loans,
tax debts, and
certain student loan debt.

A consumer proposal does NOT affect the mortgage on your principal residence or a secured car loan.

Pricing

Free no-obligation consultations. No upfront or additional fees. All costs are included as part of your program payments.

Consumer Proposal eligibility requirements

You must be able to afford to pay a portion of your debts;
You must be insolvent, meaning your debts must be greater than the value of any assets you own, or you can no longer keep up with debt payments as they become due;
Your unsecured debt must not exceed $250,000 (not including your mortgage);
You must be a resident of Canada or have property in Canada.

Creditor Relief

Get relief from creditor calls, wage garnishments, high-interest loan payments.

Contact us today and get a free debt assessment.

We offer both phone and video consultations.

Serving Ontario

Hoyes Michalos & Associates provides consumer proposal services in the following locations:

Barrie
Brampton
Brantford
Burlington
Cambridge
Etobicoke
Guelph
Hamilton
Kitchener
London
Markham
Mississauga
Niagara Falls
North York
Oshawa
Ottawa
St. Catharines
Scarborough
Toronto
Vaughan
Windsor

Contact Hoyes Michalos for a free consultation today

Frequently Asked Questions About Hoyes, Michalos & Associates Inc.

What is Hoyes Michalos?

Hoyes Michalos provides residents of Ontario burdened with debt a fresh start. As Licensed Insolvency Trustee (also known as bankruptcy trustees) regulated by Industry Canada, Hoyes Michalos provides free initial consultations to explain all your debt relief options, including credit counselling, debt settlement, debt consolidation, consumer proposal and personal bankruptcy.

Is Hoyes Michalos safe?

Yes. Hoyes Michalos has helped over 60,000 Canadian residents with debt relief since 1999. They are a licensed insolvency trustee and regulated by Industry Canada. They are licensed by the Office of the Superintendent of Bankruptcy Canada, are members of the Canadian Association of Insolvency and Restructuring Professionals and hold the Insolvency and Credit Counselling Certification.

Why choose Hoyes Michalos?

Ontario residents choose Hoyes Michalos when they feel overwhelmed by debt and are seeking guidance and debt relief options, such as a consumer proposal. People choose Hoyes, Michalos for their personalized service and experienced, caring debt management advice that helps build a stronger financial future.

Where is Hoyes Michalos available?

Hoyes Michalos is available for residents of Ontario, Canada.

How can a consumer proposal help me eliminate debt?

A consumer proposal is a formal agreement between you and your creditors to settle your debts for less than you owe. A consumer proposal can lower your debt repayment by as much as 80%.

What kind of debt can Hoyes Michalos help me with?

A consumer credit proposal deals with unsecured creditors and can eliminate almost all unsecured debts including: credit card debts, bank loans, payday loans, tax debts, and certain student loan debt.

How do I qualify for a consumer proposal at Hoyes Michalos?

To be eligible for a consumer proposal with Hoyes Michalos, you must meet several requirements. You must be able to afford to pay a portion of your debts, be insolvent, meaning your debts must be greater than the value of any assets you own, or you can no longer keep up with debt payments as they become due, your unsecured debt must not exceed $250,000 (not including your mortgage), and be a resident of Canada or have property in Canada.

How long does a consumer proposal last?

Payments in a consumer proposal can be spread over a maximum of 60 months. If you can afford more each month, you can shorten your proposal term or offer a lump sum payment. Consumer proposal payments are interest free no matter how long the term of your proposal, up to a maximum of five years.

How much can I save with a consumer proposal?

A consumer proposal allows you to settle with your creditors for less than the amount you owe. This can save you significant money and results in much lower monthly payments. If you owe $24,000, you might be able to settle for $10,000 for example. Every situation is unique, but savings of up to 70% are not unusual.

Can I pay off my consumer proposal early?

Yes. While your total payments are fixed once your creditors accept the proposal, you can pay off your proposal early and begin the recovery process sooner.

Can Hoyes Michalos help stop calls from creditors and collections agencies?

Yes, Hoyes Michalos can help get relief from creditor calls, wage garnishments, high-interest loan payments.

What is the acceptance rate for a consumer proposal?

At Hoyes Michalos, the consumer proposal acceptance rate is 99%.