Doyle Salewski donates to The Petawawa Military Family Resource Centre

Home / Blog / Donations Doyle Salewski, in cooperation with Canada Company, generously donated $5000 to the Petawawa Military Family Resource Centre. The centre is committed to enriching the lives of individuals and families of the military community through positive action, education and support. Making the donation is Brian Doyle, President of Doyle Salewski. Accepting […]

Student loans, bankruptcy, and consumer proposals

Home / Blog / Student Loans, Bankruptcy, Consumer Proposal When you declare bankruptcy or file a consumer proposal, most—but not all—of your debts are discharged at the end of your bankruptcy/consumer proposal term. This means your debts are forgiven (in bankruptcy) or considered paid in full (in a consumer proposal), and you’re no longer liable […]

Home Ownership During a Bankruptcy or Consumer Proposal

Home / Blog / Bankruptcy, Consumer Proposal If you’re considering bankruptcy or a consumer proposal, you might be wondering what will happen to your home. Will you lose it to your creditors? Have to sell it? Be able to keep it? The answer is: it depends. Whether you file for bankruptcy or a consumer proposal, […]

Beware the Quick Credit Fix

Home / Blog / Credit Companies claiming to offer debt settlement programs have sprung up all across Canada in the last few years. You’ve likely heard one of their ads on the radio…and there’s a good chance you’ve been tempted by their claims. After all, who doesn’t want to save thousands of dollars on debt […]

What a Credit Counselling Firm Can Do for You—and What it Can’t Do.

Home / Blog / Credit Aside from offering help with money management (setting up a budget) and debt counselling (a discussion of your financial options), the main service offered by most credit counselling firms is a debt management plan. This is a monthly repayment plan that the counsellor arranges on your behalf with your creditors. […]

5 Steps to Rebuilding Your Credit Rating

Home / Blog / Credit There’s no doubt about it. Filing a consumer proposal or bankruptcy will affect your credit rating—and not necessarily in a good way. Both events will be noted on your credit report: a first bankruptcy will remain on your file for about seven years (assuming you’re discharged after nine months), and […]

What Happens If I Default on My Consumer Proposal

Home / Blog / Consumer Proposal Once you’ve filed a consumer proposal and it has been accepted by your creditors, it is legally binding on both you and them. You must make the payments you’ve agreed to, and your creditors cannot take any further action against you as long as you’re doing so. If you […]

What if you own your own business

Home / Blog / Financial If you own an incorporated business, you may be wondering what will happen to it if you file a consumer proposal. Will you have to sell it or turn it over to your proposal trustee? In most cases, probably not. As long as your financial difficulties are personal and not tied […]

My Creditors Refused My Consumer Proposal: Now What?

Home / Blog / Consumer Proposal Generally speaking, creditors will accept a consumer proposal that is reasonable. They’ll have done their calculations (just as your trustee did) and determined that they stand to gain more from a proposal than they might if you become bankrupt. Occasionally, however, the majority of your creditors will decide that a proposal […]

Home Ownership During a Consumer Proposal

Home / Blog / Consumer Proposal You’ve come to terms with the fact that you’re insolvent, done your research, and you think you’re ready to talk to a trustee about making a consumer proposal. But wait…what happens to your house if you do? Will you lose it? Will the bank repossess? Not necessarily. As long […]