Ted Michalos

Tax & Estate

Ted Michalos , B.A., CPA, is a Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates Inc. in Ontario, Canada.

This debt repayment plan can shield clients from creditors

Clients in four provinces have access to this niche repayment option.

By Ted Michalos |December 12, 2016

3 min read

Advise clients before they make loans

Many clients know all about the benefits and perils of borrowing money, but it’s likely they’re less prepared to be lenders.

By Ted Michalos |September 21, 2016

3 min read

What to do when a business owner goes personally bankrupt

There may come a time when one of your clients calls to say, “I’ve gotten myself into a financial mess and I think I need to file for bankruptcy.”

By Ted Michalos |June 1, 2016

4 min read

Ontario changed its bankruptcy laws, and it may affect your client’s home

Ontario has changed the law governing what bankrupt clients may keep, and what creditors may seize, to settle debts.

By Ted Michalos |March 2, 2016

6 min read

Protect clients from abusive debt settlement practices

Ontario clients trying to pay down debt are now protected from being charged exorbitant fees for debt-settlement help.

By Ted Michalos |December 2, 2015

3 min read

Keep clients out of the red in their golden years

Most Canadians believe they’ll retire and be able to live comfortably. Unfortunately, many of them are wrong.

By Ted Michalos |June 15, 2015

4 min read

What happens to inheritances in a bankruptcy

The last thing an aging parent or relative wants is for his estate not to be passed on as intended. But if an heir is bankrupt, what happens to his inheritance?

By Ted Michalos |May 6, 2015

3 min read

Why broke clients shouldn’t choose bankruptcy

Choosing between a consumer proposal and bankruptcy comes down to how each will impact someone’s income, assets and monthly payments.

By Ted Michalos |February 3, 2015

4 min read

What happens to RRSPs in bankruptcy?

Your client just told you they declared bankruptcy. What will happen to their registered investment accounts?

By Ted Michalos |November 12, 2014

3 min read