Author Archives: Rebecca Martyn, Trustee

About Rebecca Martyn, Trustee

Rebecca Martyn is a Licensed Insolvency Trustee with Hoyes, Michalos & Associates Inc. She has more than 10 years of experience as a Trustee and Consumer Proposal Administrator. She meets with individuals dealing with debt problems in Windsor and Leamington, Ontario.

I’ve Returned To Work. Is Now The Time To File Bankruptcy?
By Rebecca Martyn, Trustee
12 Sep 2018 | Category: Bankruptcy in Ontario | (8) comments
bankruptcy timing

Larry (not his real name) first came to see me about 5 months ago.  He had accumulated about $50,000 in debt when he and his wife divorced.  He doesn’t own a house and has a car that is worth a few thousand dollars. He had been making the payments, however,…

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Can My Bankruptcy Application Be Denied?
By Rebecca Martyn, Trustee
11 Mar 2016 | Category: Bankruptcy in Ontario | Leave a comment
bankruptcy application

The bankruptcy process is not as complicated as many think. In fact, there are only four main qualifications to apply for personal bankruptcy in Ontario: You need to owe at least $1,000; Be unable to pay your debts; Have stopped paying your debt; and Have debts greater than what you…

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Understanding Bankruptcy Fees
By Rebecca Martyn, Trustee
12 Feb 2016 | Category: Bankruptcy in Ontario | Leave a comment
bankruptcy fees

Bankruptcy is a legal process designed to help the honest, but unfortunate debtor find debt relief. By filing for bankruptcy and completing all of your duties, you can eliminate most of your debts and get the fresh start you need to move forward. Many people are surprised to learn that…

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Can I Sell My Home During A Personal Bankruptcy?
By Rebecca Martyn, Trustee
17 Jul 2015 | Category: What You Keep or Lose | Leave a comment
house mortgage bankruptcy

When deciding whether to keep your house when you file for bankruptcy, you need to consider several factors.  Ask yourself these questions and make sure to answer honestly: Do I want to keep it? Can I afford to keep it? For some people, they see filing  bankruptcy as a chance to get a…

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What Duties Will I Have During A Consumer Proposal?
By Rebecca Martyn, Trustee
10 Apr 2015 | Category: Consumer Proposal in Ontario | Leave a comment
Consumer-proposals-duties.

Once your consumer proposal has been filed there are certain duties that you have to perform to ensure that it will be successfully completed. Your trustee will guide you through the process, but knowing your responsibilities can make the journey much easier. Make your payments according to the terms of your consumer…

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Will Bankruptcy Eliminate My Payday Loans?
By Rebecca Martyn, Trustee
13 Feb 2015 | Category: Debts In Bankruptcy | Leave a comment
payday loans bankruptcy

A study completed by Hoyes, Michalos last year indicated that 1 in 8 people who have filed for bankruptcy or consumer proposal had at least one payday loan. From the files we reviewed, if someone owed money to payday loans, they didn’t owe just one company, but had an average…

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Can I Give Back My House or Car As Part of My Bankruptcy?
By Rebecca Martyn, Trustee
23 May 2014 | Category: Debts In Bankruptcy | Leave a comment
surrender house or car

If you are in financial difficulties, one of the first things you will do is look for ways to reduce your expenses. If you have a mortgage or a car payment that is costing you more than you think you can afford, you may consider getting rid of one, or both,…

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When Do They Calculate Surplus Income Payments?
By Rebecca Martyn, Trustee
02 May 2014 | Category: Surplus Income | Leave a comment
calculate surplus income in bankruptcy

One of the most confusing things about bankruptcy is the concept of surplus income.  You might think, I make $2,500 and spend $2,500 so I don’t have surplus income, or I make $2,500 and spend $2,000 so I have $500 surplus income.  Both examples are incorrect. Surplus income is a…

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What if you Forget A Creditor on your Bankruptcy Application?
By Rebecca Martyn, Trustee
17 Jan 2014 | Category: Bankruptcy in Ontario | Leave a comment
forgot creditor in bankruptcy

When you file for bankruptcy, you need to tell your Trustee who your creditors are and how much you owe. Your Trustee then informs all of your creditors about your bankruptcy.  Filing for bankruptcy can be a stressful time, but it’s important to try and remember everyone you owe money…

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