J. Doug Hoyes, Author at LawNow Magazine
J. Doug Hoyes

About J. Doug Hoyes

J. Douglas Hoyes, B.A., C.A., CPA, CIRP is a Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates Inc. in Ontario, Canada. He is also the host of Debt Free in 30, a weekly podcast about how to handle money and debt.

Dealing with US Debts in a Canadian Bankruptcy

Given the many Canadians who have business, assets, work or winter in the United States (“US”), it is not uncommon for someone in Canada to owe money to a US lender. If you went to school in the US, you may even have US student debt. How US debts are treated in a bankruptcy if […]

Authors:

J. Doug Hoyes
J. Doug Hoyes
J. Douglas Hoyes, B.A., C.A., CPA, CIRP is a Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates Inc. in Ontario, Canada. He is also the host of Debt Free in 30, a weekly podcast about how to handle money and debt.
 

Low Income Ontarians More Prone to Debt Problems (Ontario Study)

Over the last two decades, precarious or insecure employment in Canada has increased by almost 50%, as 1 in 7 Canadians lives in poverty. Part-time work is becoming more common.  Wages are not increasing fast enough to keep up with rising costs, resulting in higher personal debt levels. All of this explains why a bankruptcy […]

Authors:

J. Doug Hoyes
J. Doug Hoyes
J. Douglas Hoyes, B.A., C.A., CPA, CIRP is a Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates Inc. in Ontario, Canada. He is also the host of Debt Free in 30, a weekly podcast about how to handle money and debt.
 

How To Deal With Bankruptcy as a Small Business Owner

Considering bankruptcy is never easy. It’s one of the most important – and difficult – financial decisions you will ever have to make. An added worry for some indebted Canadians might be what happens to their financial situation if they are self-employed or running a small business. You may be surprised to learn that it’s […]

Authors:

J. Doug Hoyes
J. Doug Hoyes
J. Douglas Hoyes, B.A., C.A., CPA, CIRP is a Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates Inc. in Ontario, Canada. He is also the host of Debt Free in 30, a weekly podcast about how to handle money and debt.
 

Inheritance Issues in Bankruptcy

When someone files for bankruptcy, they surrender all non-exempt assets to the licensed insolvency trustee for the benefit of their creditors. This includes not only assets they have at the time they file for bankruptcy, but also comprises of any assets that “devolve” on the bankrupt prior to discharge such as an inheritance “received” during […]

Authors:

J. Doug Hoyes
J. Doug Hoyes
J. Douglas Hoyes, B.A., C.A., CPA, CIRP is a Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates Inc. in Ontario, Canada. He is also the host of Debt Free in 30, a weekly podcast about how to handle money and debt.
 

Bankruptcy Increases Among the Young and Old

A recent bankruptcy study by my firm found that the average person who files for bankruptcy in Canada is 44 years old.  He is likely to be married, may have a mortgage, and owes almost $53,000 in unsecured debt.  In fact, the clear majority of insolvent debtors, 77%, are between the ages of 30 and […]

Authors:

J. Doug Hoyes
J. Doug Hoyes
J. Douglas Hoyes, B.A., C.A., CPA, CIRP is a Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates Inc. in Ontario, Canada. He is also the host of Debt Free in 30, a weekly podcast about how to handle money and debt.
 


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