Rebecca Martyn

A CGA, CPA and Licensed Insolvency Trustee with Hoyes Michalos in Windsor, Ontario. Helping people to be debt free. Proud hockey goalie mom.

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

City of Windsor is considering implementing a program to steer people away from predatory lenders.

This is a much needed resource, especially as the new criminal interest rate begins Jan 1. (Which we will be discussing Sat on Debt Free in 30 podcast)

https://t.co/phsIWOzyYn

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

⏰The countdown is on! Set your alarm for 8am tomorrow morning when our documentary Debtasized is released on YouTube!

Learn about the history of credit and how it has impacted society!

https://t.co/rQOznVMFoM

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Today is the day! Debt Free in 30 goes LIVE at 2PM!

Join @doughoyes and special guest @ronmortgageguy from the Angry Mortgage Podcast to discuss the current state of mortgages and real estate!

Ask your questions in advance: https://t.co/apJjorknwJ

[Doug Hoyes @doughoyes]

If you are a low-income worker and got the Advanced Canada Workers Benefit payment in July, be aware:
It's a payday loan, and you may have to pay it back next year.
2-minute video explainer: https://t.co/QwCCfxZZBp
Longer written explanation, with links: https://t.co/4Oz4taUeCv

[Doug Hoyes @doughoyes]

This week on the podcast:
Scams.
Like the online loan scam (see clip below).
Check the time stamps for the list of frauds I discuss with our expert this week on Debt Free in 30.
YouTube: https://t.co/NPyMByXKJD and all podcasting apps.

[Doug Hoyes @doughoyes]

The Hoyes Michalos Homeowners Bankruptcy Index tracks the % of our clients who own a home when they file a proposal or bankruptcy.
Last year it touched 0%.
Now it's spiked to 6.8%, the highest level in 3 years.
A new trend?
We shall see.
Full details here: https://t.co/qOfHiiUpuN

[Stephanie Hughes @StephHughes95]

Insolvencies are back on the rise with Millennials leading the pack, according to a new Joe Debtor report from @HoyesMichalos.

More details in my latest for @financialpost:

https://t.co/BejhIhnp4R

[Doug Hoyes @doughoyes]

JUST RELEASED:
The Hoyes Michalos "Joe Debtor" Bankruptcy Study.
The only one of its kind in Canada.
Millennials are 27% of the population but are half of all consumer insolvencies filed.
That, and a lot more, here:
https://t.co/ouQYPPqNgF

[Rebecca Martyn @rlmartyn]

A cold, blustery start to the Ontario Winter Games last night for the Panthers at the opening ceremonies. @RC2023OWG #bestgamesever #owg2023

[Rebecca Martyn @rlmartyn]

Bundled up for the opening ceremonies @RC2023OWG

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

JUST RELEASED:

Our year-end analysis of what happened with consumer insolvencies in 2022 and what's to come.

Will we keep seeing double-digit insolvency growth into 2023? @doughoyes explains:
https://t.co/B5rwmhyLKS

[Rebecca Martyn @rlmartyn]

@WESTofWindsor @LinkedIn Great news!

[CAIRP @CAIRP_ACPIR]

Beware of unregulated unlicensed debt advisors claiming to be authorized to assist with insolvency options. https://t.co/wOgLweapNP #ConsumerAlert #FLM2022 #debtadvice

[Doug Hoyes @doughoyes]

JUST RELEASED:
Ontario consumer insolvencies were up 29.1% in September compared to a year ago, the 5th straight month of strong double-digit growth.
Could be a trend....
More details here: https://t.co/S77AW9cKHJ

[Rebecca Martyn @rlmartyn]

Fewer properties to chose from, and harder to sell in October in Windsor https://t.co/ja40Xg5Ot9

[Rebecca Martyn @rlmartyn]

@ScottTerrioHMA @doughoyes I've saw it once several years ago. A big bank petitioned a senior into bankruptcy. She had nil income or assets.

[Doug Hoyes @doughoyes]

UPDATE:
iCash has confirmed (to @schaefercpa in my office) that they made a mistake.
The text was not appropriate.
We have asked that they send another text to each person acknowledging their mistake.
If they do, our work here is done.
(For now).

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Interest rate hikes have been crippling many homeowners.

So why aren't we seeing an increase in homeowner bankruptcies?

@doughoyes explains in today's post & shares predictions for when insolvencies will rise: https://t.co/EI5ukIh6p4

[Doug Hoyes @doughoyes]

Apparently Canada Post sent out a bulk email today about their "My Money" loan.
I'm not a fan, as discussed on the podcast six months ago: https://t.co/XOr1h4mfum

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Money getting tighter? Please don't get a payday loan to make up for a shortfall.

Here are 8 alternatives in a cash crunch.
(Also, you can come talk to us anytime for free advice).
https://t.co/60qj7KrPxE