2. Customers appreciate the knowledgeable and helpful staff at Hoyes Michalos, specifically mentioning the professionalism and compassion of the team. They highlight their ability to create successful consumer proposals, resulting in the elimination of a significant portion of their debt. Clients express gratitude for the support and guidance received during difficult financial times, emphasizing the ease and simplicity of the process. 7. Hoyes Michalos is a licensed bankruptcy trustee in Ontario, providing assistance to individuals seeking relief from debt since 1999. They specialize in helping clients navigate through the process of filing for bankruptcy or making a consumer proposal, aiming to achieve a fresh start and financial stability for their customers. 6. Unique facts about Hoyes Michalos include their expertise in dealing with banks to create successful consumer proposals, their emphasis on quick response times and compassionate customer service, and their ability to help individuals eliminate a significant portion of their debt through legal procedures like bankruptcy. 3. Personal bankruptcy is a legal procedure that allows individuals to be freed from their unsecured debts by assigning rights to non-exempt assets. It is often necessary when individuals face financial hardships due to various life events such as divorce, job loss, or sickness. While declaring bankruptcy may not be ideal, it can provide a means to manage debts and obtain relief from financial burdens.