KITCHENER, ONTARIO, February 12, 2018 — Payday loan use among heavily indebted Ontarians continues to escalate, as research conducted
by Licensed Insolvency Trustee firm Hoyes, Michalos & Associates Inc. reveals that 3 in 10 (31 %) insolvencies in Ontario in 2017 involve payday loans, up from 27 % in 2016.
Rebecca Martyn is an experienced Consumer Proposal Administrator and
Licensed Insolvency Trustee who meets with individuals needing debt help in Windsor and Leamington, Ontario.
One thing Troy was careful to note was that 4 Pillars does not file for bankruptcy (or consumer proposals) on clients» behalf, since
only Licensed Insolvency Trustees (LIT) can do that, per Canada's Bankruptcy Insolvency Act.
Before you realize you need help
from Licensed Insolvency Trustees Drumheller, your debt might cause you to feel as if there is little or no hope in recovering from this difficult financial time.
The OSB has indicated it will continue to pursue this matter, including making changes to OSB directives that govern
how Licensed Insolvency Trustees operate and amend consumer proposal documents and forms.
Hoyes, Michalos & Associates Inc. was founded in 1999 by
Licensed Insolvency Trustees Douglas Hoyes and Ted Michalos to provide personalized service to help you gain a fresh financial start.
If you live in Alberta and are considering bankruptcy or a consumer proposal to deal with your debt we suggest you contact one of the
following Licensed Insolvency Trustees in Alberta — the experts on Alberta bankruptcy law, by e-mail or by phone, to fully review your situation.
For more details on bankruptcy exemptions in your province and for answers to your other questions about bankruptcy and consumer proposals, please contact our
personal Licensed Insolvency Trustee in your area and arrange for an initial consultation, free of charge.
With more than 50
consumer Licensed Insolvency Trustees in more than 170 resident and satellite offices located key urban and rural centres across the country, we deliver personalized, life - changing debt solutions to individuals where they need them, when they need them.
To start the bankruptcy process, first you contact a Hoyes, Michalos &
Associates licensed insolvency trustee who will assess your financial situation and explain the debt relief options available to you, including bankruptcy and alternatives to bankruptcy.
Our
Brantford Licensed Insolvency Trustee, Howard Hayes, has been with Hoyes Michalos since 2005 having worked as a Credit Counsellor prior to joining us and obtaining his trustee license.