- Bankruptcy Guelph (19)
- Bankruptcy Guelph Statistics (3)
- Consumer Proposal Guelph (6)
- RRSPs and bankruptcy (1)
- Ted Michalos (11)
- Bankruptcy Canada
- Consumer Proposals - Consumer Proposal information
Meta
What happens the day I sign the paperwork to go bankrupt in Guelph?
Ted Michalos, Trustee What happens the day I sign my bankruptcy paperwork?I hear this question a lot – people are obviously concerned with the actual process of filing their consumer proposal or assignment in bankruptcy. These nervous feelings are understandable – in most cases, this is not something that you’ve ever had to do before [...]
How Do I Know if I Need to Go Bankrupt in Guelph?
At some point before you sign the documents placing yourself into bankruptcy (or commencing a proposal) you are required, by law, to meet with a licensed trustee in bankruptcy for something called the assessment. Like the name suggests, this session is designed to help you “assess†your options and determine which solution is right for [...]
Can I afford to go bankrupt?
I recently lost my job and have been living on employment insurance since then. I am looking for a new job, but with no job, I’ve been using my credit cards to supplement the EI that I receive. As you can imagine, my financial situation has deteriorated. I can’t keep up with the huge interest [...]
Who is going to benefit the most from your bankruptcy
I am having trouble keeping up with my bill payments and the situation is getting so bad that the creditors have started calling my boss. I am considering filing for bankruptcy, but I am confused as to how it benefits anyone. This is a question that was sent via email last week. The person who [...]
The “upside” of bankruptcy
I met with a woman last week who was recently divorced.  As a result, she was having financial troubles – she was having a hard time adjusting to her new life. As we were discussing her options, she asked me if there was anything good about going bankrupt. It’s true that there are negative aspects [...]
If I declare bankruptcy, will I be fired?
A common question I am asked when I am working with people is what are some of the affects of filing bankruptcy. Questions about their credit report, their house, their car, and their chances at getting another loan are all high on the list. One of the biggest questions, though, is “will my job be [...]
Bankruptcy as a fresh start
Someone once asked me why I chose to become licensed trustee in bankruptcy. I can understand their confusion – on the surface, bankruptcy may not seem like the most uplifting of situations. People in financial difficulty may be experiencing anxiety, fear, and embarrassment. They may have recently lost their job, gone through a separation or [...]
Guelph bankruptcy rates are rising – are we in trouble?
This week I met with a woman who had decided to declare bankruptcy. She had made that choice by examining the various options we gave her. The one thing she said to me is how embarrassed she felt – no one else she knew was going through this. She couldn’t believe it was happening to [...]
Welcome to the Bankruptcy Guelph Ontario Blog
My name is Ted Michalos (read About Me) and I am the co-owner and licensed trustee with Hoyes, Michalos & Associates Inc. This blog was set up to give free information about bankruptcy and bankruptcy alternatives to residents of Guelph. Articles will be posted by me, helping to inform you about the options you have in [...]