Bankruptcy and Alternatives to Bankruptcy in Mississauga, Ontario

Hoyes, Michalos & Associates Inc. - Mississauga

At Hoyes Michalos & Associates Inc., our goal is to provide you with information about all your financial options including consumer proposals and personal bankruptcy in Mississauga, and help you develop a plan to deal with your debts.

33 City Center Drive
Suite 546,
Mississauga, ON
Telephone: (905) 848-3649
or 310-PLAN (no area code required)
Website: Bankruptcy Mississauga

About our Mississauga bankruptcy office: our approach

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Nearest office: Brampton Mississauga North York Scarborough Vaughan Yonge & Bloor
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Our Mississauga bankruptcy office is supervised by Ted Michalos, a licensed bankruptcy trustee with many years of insolvency experience.

Our approach to bankruptcy is simple: We specialize in personal service. We look forward to meeting with you to discuss the options available with respect to your debts. You can email us a question (use the form on your right) or you can meet with me in person. This meeting is a free consultation. You will need to contact my office at (905) 848-3649 to set up an appointment.

Many of the people we meet with in Mississauga consist of new families with a house and mortgage and various other debts. Most want to know if they will lose their home if they go bankrupt. This is not always the case. Much depends on how much of the home you own or the equity you have in it that is, the market value of the home less the mortgage you owe. There is also the proposal option whereby you pay back a portion of the debt but are able to keep your assets. This may work better if you have a lot of equity in your home.

We also help people who have furthered their education and now have to deal with student loan debts too, in addition to their other debts.

Many people in Mississauga are entrepreneurs and have their own company or companies and have run into some financial difficulties, as a result of the company having financial difficulties. They want to know their options personally and how it will impact the company they have. Depending on whether or not the company is a sole proprietor or incorporate will influence how you want to deal with the debts you have personally or have personally guaranteed. If your business is a sole proprietor then any debts the business has are debts you have personally. For an incorporated company it is the debts for which you have personally guaranteed or have officer and director liability that will concern you. In these instances, many have considerable tax debt to Revenue Canada. Therefore, my first question is usually to confirm if the business is making any money. This is the best starting point.

The stress of these financial obligations can be overwhelming and embarrassing and our trained professionals are happy to answer any questions or review your situation over the phone or in person. Often people start by giving us a call at 310-PLAN.

How to prepare for your free consultation with our Mississauga bankruptcy trustee

To get the most out of your free consultation, please bring with you a list of the people you owe money to and also a monthly budget that includes, your take home pay and also that of the members of the household and how you spend it on rent and food and so forth.

With this information we can review all options and how they will work for you. It is up to you to decide what is best for you. We therefore give you some reading material and other information to review. Usually people take the information home with them to review and make a final decision.

Directions to our bankruptcy office in Mississauga

If you are coming from the North, take the route to Hurontario, turn right on Square One Drive, left on City Center Drive and then left again into the parking lot.

Coming from the South, take the route to Hurontario, turn left on Robert Speck Parkway, left on City Center Drive, and left into the parking lot.

There is 2-hour free parking available, on the parking lot adjacent to the building.

Thanks for taking the time to visit our website. If you are here it is probably because you are facing some sort of financial difficulties. To learn more about bankruptcy in Mississauga and your alternatives to bankruptcy, please email us or call our Mississauga bankruptcy office at (905)848-3649 or 310-PLAN, and just remember that help is available - all you need to do is ask and we will help you develop a plan that is right for you and your family.