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.

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.

 

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.

 

Student Loans Under the Bankruptcy & Insolvency Act

The Bankruptcy & Insolvency Act of Canada (the Act or BIA) eliminates most unsecured debts like credit card debt, bank loans, lines of credit and payday loans.  There are, however, certain debts that are excluded under the Act. Student debts are often confusing because some debts can be automatically discharged if you file for 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 the Economy Influences Bankruptcy and Vice Versa

Individuals file for bankruptcy because they are insolvent. Being insolvent means that they owe more than they own, or do not have the ability to repay their debts as they become due. While the underlying factor is debt, what can cause an individual person to become insolvent is often an unexpected life event like a […]

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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