What is a Writ?


In general terms, a writ is a form of written command in the name of a court or other legal authority to act, or abstain from acting, in some way. In the world of financial debt, a writ is issued by a court after a creditor gets a judgment against you for...

How To Avoid a Tax Lien On Your Home


You are not in a happy place because its tax time once again.  Not only do you have to get all of your information together for your 2015 tax return but in the back of your mind, you know that you still owe income taxes from prior years.  You stopped open...

Can My Pension Be Seized?


The good news is that private and government pensions, under the Ontario Pensions act, cannot be garnisheed by a normal creditor, such as a credit card company. You can only make garnishments under the Ontario Wages Act, and pensions aren’t work wages. Th...

How Do I Get a Copy of My Credit Report?


You are probably among the 21 million or so Canadians who have credit file or report but don’t know what’s in it. If you have ever applied for and been approved for a credit card, a loan or a line of credit, then credit bureaus have a credit report on you...

What is a Lien?


A lien is the legal right, or security interest, that a creditor has in a debtor’s property. If you buy a car, for example, you usually agree to a lien with the financing company. If you don’t make your payments, then your car could be legally seized to t...

March Break Madness: 4 Ways to Have Fun and Save Money!


March Break is an annual event that can cause you a lot of stress. If you and your partner both work. you need to find childcare options for your kids. If you can get time off, then you’ve got to come up with activities to entertain the family. No matter ...

What is a Judgement?


In general legal terms, a judgment is a decision of a court regarding the rights and liabilities of parties in a legal action or proceeding. More specifically, in the world of debt collection, it’s when a creditor obtains a judgment against you, with the ...

What are my Debt options if I am retiring soon or already retired?


Question:  A recent study confirmed that well over 80% of Canadians facing retirement have not saved enough to maintain the standard of living they expect.   Many will spend what is supposed to be their “golden years” in relative poverty according to Stat...

There are more than 160 credit card options and growing


Question:  Variety is the spice of life.  That saying applies to a lot of things like food, travel, hobbies, etc.  When it comes to credit cards, variety may be more like quicksand – initial choices and decisions may appear harmless at first but once you ...

There’s more to an Insolvency Trustee than meets the eye


Question: Licensed Insolvency Trustee.  That’s the new title replacing “Bankruptcy Trustee”.   Why the change?  First off, bankruptcy is a dirty word.  People are afraid of what they think it means.  The “Bankruptcy Trustee” title led to people making ass...

Dig yourself out of Debt


Question: It’s 2016.  Our culture and society encourage us to push the limits physically, emotionally and financially. The demands of a typical lifestyle can challenge even the best incomes. But what do you do when the pace gets too hectic and the money g...

How is a Licensed Insolvency Trustee Paid?


The costs of filing for bankruptcy are set both by the federal government and the trustee. This means that the fees you pay to a Licensed Insolvency Trustee for handling your bankruptcy will likely be the same across the country. Generally speaking, a ban...

When should I seek help for my financial problems


here are two ways you can judge whenyou might need help with your finances. First, there’s the technical rule of thumb that says you’re in serious trouble when your monthly payments for debt (not including your mortgage/rent) are more than 20 percent of y...

Collection agencies: What are my rights


Mary wakes up to the phone ringing at 6 a.m. She manages a “Hello?” “Yes, Mary, I am calling again about the overdue payment on your credit card account. We need a payment by tomorrow” says the voice on the end of the line. “I don’t know what this is abou...

Can I pay off my consumer proposal early?


Finances are a fluid thing subject to change for a variety of reasons—and (despite how it may seem sometimes!) not always for the worse. If you’ve filed a consumer proposal only to find that your financial situation has suddenly improved because of a pay ...

Can I do anything to stop a creditor’s legal proceedings against me?


It’s possible that if you’re having trouble meeting your payments, a creditor may take some kind of legal action in order to collect the debt you owe. This can include handing your account over to a collection agency, having your wages garnished, or takin...

Can I stop a power of sale on my home by declaring bankruptcy?


If you have missed paying your mortgage payments and haven’t made other arrangements with your bank, chances are pretty good that your bank’s next step will be to start power of sale proceedings against your home. Before that happens, there are steps you ...

Can I have my bankruptcy annulled if I repay my debt in full?


If you’re currently in bankruptcy (or you’ve already filed for it) and your financial situation suddenly changes for the better (think inheritance, lottery win, etc.), is there anything you can do to get out of bankruptcy? You’ll be pleased to know that t...

Bankruptcy and Cosigned Debts


Bankruptcy and consumer proposals can have an impact not just on the person declaring bankruptcy or filing a proposal, but also on anyone who may have cosigned for one of his/her debts as well. Here’s what you and your cosignor need to know: Cosigning for...

How to setup a budget


If you’ve never used a budget before, the idea of setting one up can be a little daunting…especially if you’re already feeling a financial squeeze. Many people freeze up at the very thought, certain that if they try to put a budget in place, it will only ...

Can a Debt Management Program Help Me?


If you’re facing financial difficulties and you’re looking for solutions, you may have come across offers to help you set up a debt management program. Essentially, this is an arrangement with your creditors made on your behalf by a credit counsellor or c...

Doyle Salewski Inc. donates $5,000 to The Petawawa Military Family Resource Centre


Doyle Salewski Inc. is a proud member of “Canada Company” through which the donation was made. Making the firm’s annual donation is Brian Doyle, President of Doyle Salewski, along with Donna O’Keefe , Director , Doyle Salewski Inc , for the Pembroke and P...

What happens to my vehicle in a consumer proposal or bankruptcy?


If you’re considering the possibility of filing a consumer proposal or declaring bankruptcy, you should be aware that assets such as vehicles are handled very differently in those two procedures. In a consumer proposal, if you own the vehicle free and cle...

I am filing for Consumer Proposal Or Bankruptcy, Will My Employer Find Out?


If you’re facing the possibility of filing for Consumer proposal or Bankruptcy, you may be concerned about privacy issues, particularly with regard to having your employer find out about your bankruptcy. While it’s true that bankruptcy and consumer propos...

Can I renew my mortgage if I’ve filed for bankruptcy?


Home ownership is a huge concern for many people who have filed for bankruptcy, and rightfully so, because it isn’t always a simple issue. Let’s start with the basics: It’s possible for you to keep your home even if you declare bankruptcy. As long as your...