Debt Relief Experts
Creating A Better Payday Loan Industry
The payday loan industry is thriving in Canada; it keeps consumers coming back and causes them to fall into more debt. We explore ways to solve this problem, the role of government regulations and more.
Viewpoints
Ontario Bankruptcy Legislation Updates: The Execution Act & 407 ETR
Learn about changes regarding 407 ETR debts and The Execution Act and how toll road debts are eliminated through bankruptcy and why ETR can no longer withhold your licensed renewal if you file insolvency.
Elder Abuse: What Every Advisor Needs To Know
Elder abuse is happening in our society, and we have witnessed it firsthand in our financial practise. Ted Michalos provides advice for other professionals on how to spot the signs of abuse so you can help.
Clamping Down On Payday Loans & Regulating Alternative Lenders
Payday loans are detrimental to consumers, as we observe firsthand through our firm. Our experts dive into the world of alternative financial services and what our ideas are for regulating this industry.
Debt Settlement: New Laws and a Better Approach
Why is it important for debt settlement services to be regulated? Doug Hoyes and Ted Michalos discuss the new legislation, how it protects consumers and offer an alternative solution for debt relief.
Will The New Debt Settlement Law Protect Consumers?
In 2015, new legislation that regulates debt settlement companies was enacted in Canada. Find out exactly how this law protects consumers and what its impacts are on other financial services.
How Professional Advisors Can Help Clients Eliminate Debt
Various financial professionals have the ability to help clients when they notice debt problems. We explore the possible role financial planners, brokers, accountants and other advisors can play for their clients.
Forget Credit Score. Did You Know You Have A Bankruptcy Score?
A bankruptcy score is a scoring system used by lenders to rank the potential of bankruptcy in your future. Doug Hoyes explains exactly what a bankruptcy score is and what it means for your credit.
Predatory Practices of U.S. Debt Settlement Companies
According to our expert, debt settlement companies originating in the US are far more predatory than our Canadian ones. Learn more about what these differences are and how the Limitations Act benefits us.
Time To Change The RESP Rules for Bankruptcy?
RESPs are considered an asset in a bankruptcy and are not exempt from seizure in all provinces. Doug Hoyes explains why it's time to change the federal law around RESPs and bankruptcy.
Seniors – A Small Group Carrying High Risk Debt
Almost 1 in 4 Canadians carry debt into retirement due to increased cost of living. In this blog, Doug Hoyes explains how you can prepare early for retirement and avoid becoming another debt statistic.
Improving Mandatory Credit Counselling for Bankruptcies and Consumer Proposals
To complete insolvency duties, you must attend 2 credit counselling classes. Ted Michalos explores his thoughts on what these credit counselling sessions should entail for consumers to truly benefit.
Why Is Cash Store Filing for Bankruptcy Protection?
Rewinding back to 2014, Cash Store Financial Services Inc. filed for bankruptcy protection due to flawed corporate financial decisions. Doug Hoyes explains the company’s shortfalls and what we can learn.
Cash Store Payday Lender Having Some Problems
Cash Store Financial Services Inc. filed for bankruptcy protection in 2014 and are were delisted from the Toronto Stock Exchange. Find out what happened and what our expert insights are.
Doug Hoyes Appears on Money Moron
Money Moron is a financial literacy TV show hosted by Canadian finance expert Gail Vaz-Oxlade. Doug Hoyes joins Gail for his third appearance on the series. Find out more about his experience here.