Doyle Salewski Inc.

Administrator, Commercial Insolvency

Doyle Salewski — Thu, 16 May 2013 20:14:18 +0000

We are seeking a full time experienced administrator to join our Ottawa corporate insolvency and restructuring division. The successful candidate should have a college certificate along with experience in an administrator or legal assistant position; have excellent oral and written communication skills; have the ability to work well with others in a team environment; and have proficiency in Microsoft Office products. Enrollment or completion of the Canadian Association of Insolvency and Restructuring Professionals administration course would be an asset.

Please send your resume to careers@doylesalewski.ca

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4 things to know if you’re harassed by debt collectors

Doyle Salewski — Mon, 05 Nov 2012 15:46:22 +0000

A CBC News investigation has discovered some interesting information about debt collectors. They published an article “4 things to know if you’re harassed by debt collectors”. Whether or not you have had dealings with a debt collector, you will find this article worth reading.Click here to read the article.

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16×9 Global News Show – Bad Debt Article

Liban — Thu, 11 Oct 2012 20:12:45 +0000

Global News has also published an article “Bad Debt” about debt settlement companies. The article is a media interview with a disgruntled and unhappy debtor who has first-hand experience dealing with debt settlement companies. Please Click Here to read the article… Read the rest

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Con Artists and Debt Scammers

Liban — Fri, 03 Aug 2012 19:05:13 +0000

They make money by keeping you in debt

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Yikes… now we have to live on one income

Liban — Thu, 26 Jul 2012 19:34:58 +0000

The average Canadian family has both spouses working outside the home. We live in a culture that encourages a high standard of living, often unachievable by a single salary. But whether your significant other experiences a job loss, sickness, or just wants to put more focus on family, careful planning can make the transition to a single-income home much smoother.

Ideally, you would like 6-12 months to properly prepare for living on a single income. In cases where this is planning isn’t possible, communication between all family members will be key to making the adjustment.

Next you will want to work out a plan together to pay the bills and upcoming expenses, like vacations, retirement, and education savings. You also need to prioritize debt repayment, since those commitments will only get more cumbersome in the future.

Lifestyle is the biggest adjustment that is usually required for the transition. There are small changes, like cable, magazine subscriptions and phone packages, as well as big ones like keeping only a single vehicle or moving to a more affordable home. It might seem scary, but remember you don’t have to have to change who you are, just some things that you do.

Ultimately, even if you aren’t planning on living on a single income, you should prepare for that possible outcome. So start a savings account now and keep yourself one step ahead.

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Five steps to reduce debt

Liban — Thu, 26 Jul 2012 19:33:28 +0000

Sometimes it’s the little things that make a big difference. Here are five easy steps you can take to reduce your debt and set yourself on

5. Say no to plastic—cards, not bags. The credit card itself is never the problem, without discipline they make it easy to spend money you don’t have.

4. Yes to needs, no to wants—there’s a sharp distinction between what people “need” and what they “want”. When you’re in debt, finding the discipline to draw that line is something you need to do!

3. Boil down the numbers— see that number at the bottom of your paycheck? That’s it – that’s all you get. Spend less than you make and you’ll stay out of debt, so write that number down and live by it.

2. Plan a “stay”cation—we all need a break once and a while, but going on a big trip can bring even more problems if you don’t play it smart. So save money by staying closer to home (short driving distance) so you can relax during, and after, your vacation.

1. Focus on simple pleasures—be grateful for what you have. You’ll be amazed how joy you’ll find by keeping a small gratitude journal each night to list the things you’re thankful for. You know what they say – the best things in life are free!

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How to Work with your Creditors

Liban — Thu, 26 Jul 2012 19:29:26 +0000

You want to pay your bills, but lately it’s impossible even to meet the minimum payments or due dates. You also want help, but all you’re getting are hassles from creditors. What do you do?
First of all, it’s difficult to negotiate with a creditor who has been ignored. Therefore, you should deal with creditors directly, and not try to run away from them. Most creditors respond best to written requests backed by detailed plans.

Letters aren’t just a formality, they’re required by creditors. The letter should state your financial problem and explain what has happened to cause you to default on your scheduled payments.

Include up-to-date detailed financial statements that show exactly where your debts lie. And don’t forget to include your new monthly budget that illustrates how the creditors will be repaid each month. At the end, you’ll want to request their written acceptance of your proposal.

Now show them the money – include the first agreed upon payment to get the process started. This is your best bet for getting the deal on track quickly. Just make sure that once you’ve made the initial commitment, you stick to it.

To help you along, it’s smart to use an objective third party such as Doyle Salewski. We deal with creditors every day and have helped thousands of people just like you.

Note that if your plan of repayment cannot realistically pay your creditors in full with interest, then you should consult with Doyle Salewski. Only a firm like Doyle Salewski may legally commit creditors to a repayment of only a partial amount of your debt in return for full forgiveness of your obligations to all your creditors.

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Keeping Anonymous….will my friends and family find out?

Liban — Thu, 05 Jul 2012 14:44:59 +0000

For the vast majority of Canadian personal bankruptcies there is no obvious public disclosure that an individual has become bankrupt. There are very rarely public filings of court records related to personal bankruptcies. In the majority of cases, unless you are a very well known high profile personality in your community, only your trustee will have knowledge of your bankruptcy. Remember that creditors will know about the bankruptcy so any local stores, family or friends you may have listed as creditors will be informed of your bankruptcy. One thing to remember is that in the future when you are completing a credit application, if you are asked whether or not you have been bankrupt you must answer honestly. Failing to make a correct declaration could land you in trouble.

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Live within a Financial margin

Liban — Fri, 15 Jun 2012 14:30:51 +0000

1. Live within your limits

Our culture encourages us to push the limits physically, emotionally and financially. The demands of a typical lifestyle can challenge even the best salary. But what do you do when the pace gets too hectic and the money gets too tight? When the fear of missing out lures you into an unsustainable lifestyle?

Everyone wants financial margin – the latitude to spend money without worrying about making ends meet. But how do we get there? Margin planning is an easy three-step process that looks like this:

1. Identify your annual “Available Income”:

Annual income (minus)

• Taxes
• Debt payments
• Fixed obligations

= Available Income

2. Determine your “Disposable Income” (includes a savings goal)

Available Income (minus)

• Savings goal %

= Disposable Income (divide by 12 to get Monthly Consumable Income)

3. Develop a plan

• Track where your money is going
• Save something starting now!
• Include a debt reduction strategy
• Include a lifestyle reduction goal and budget

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Doyle Salewski — Tue, 17 Apr 2012 12:42:19 +0000

Maclean’s Magazine has published an article “Growing (debt) pains” about debt settlement companies. Click Here to read the article. If you are dealing with credit counselling or debt settlement companies, we will be happy to give you a free second opinion.… Read the rest

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