Author Archives: Brian McIlmoyle, Trustee

About Brian McIlmoyle, Trustee

Brian McIlmoyle is a Licensed Insolvency Trustee with Hoyes, Michalos & Associates inc. in Mississauga and Toronto Danforth, Ontario

Can I Travel Or Move If I Filed Bankruptcy In Ontario?
By Brian McIlmoyle, Trustee
13 Oct 2017 | Category: Bankruptcy FAQ | Leave a comment

Bankruptcy. It’s a scary word. I don’t think I have ever met anyone who likes the word ‘bankruptcy’. A lot of that fear and dislike comes from a lack of understanding of what bankruptcy is and how it works. My offices are in Mississauga and Toronto, and a lot of…

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Kick Collection Calls To The Curb and Take Control Of Your Debts
By Brian McIlmoyle, Trustee
14 Apr 2017 | Category: Bankruptcy in Ontario | Leave a comment
kick-collection-calls-to-the-curb

It’s 9:00am, you’re just settling into your work day and your cellphone rings. It’s “them” – one of a few collection companies looking for your next payment. It doesn’t really matter how you got here, the reality is that right now, the collection companies are calling. They call throughout the…

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Can I Start a Small Business while Bankrupt or in a Proposal?
By Brian McIlmoyle, Trustee
09 Sep 2016 | Category: Bankruptcy FAQ | (10) comments

There are a lot of misconceptions surrounding bankruptcy, consumer proposals, and being self-employed. Informed by rumours, sources for this misinformation are usually third hand accounts: ‘a friend of a friend’. Yet, this information is not reliable: half of it is wrong and the other half is half-truths and out-of-context statements….

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Ontario Bankruptcy Exemptions: Tools Of The Trade
By Brian McIlmoyle, Trustee
08 May 2015 | Category: What You Keep or Lose | (2) comments
tools of the trade bankruptcy exemption

Bankruptcy can be the beginning of a fresh start and an opportunity to rebuild. If you are in a trade or profession that requires you to provide your own tools or equipment you may wonder how these assets are affected in a bankruptcy. In general, bankruptcy law tries to balance the…

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What are the Duties of a Trustee in Bankruptcy?
By Brian McIlmoyle, Trustee
27 Jun 2014 | Category: Bankruptcy FAQ | Leave a comment
role of bankruptcy trustee

Last week we posted about the duties of a bankrupt when declaring bankruptcy in Ontario. However it’s also important to understand the role and responsibilities of a bankruptcy trustee. You might even wonder why do I need to meet with a bankruptcy trustee to file a bankruptcy or a consumer proposal? The…

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