Financial recovery requires the right tools
Worried about debt in retirement? Learn if creditors like the CRA can garnish your CPP or OAS. A consumer proposal can stop collections & protect your pension income.
Home / Blog / Creditby Janet Doyle As an organization dedicated to helping people, we often refer clients to a solution that may be outside of the services of Doyle Salewski. For a number of years, we’ve worked with not-for-profit credit counsellors and/or registered charities in partnership as part of
Home / Blog / Dept, Financial Falling into debt is more common than you’d think. According to the CBC, the average Canadian owes $22,000 in non-mortgage debt. What’s more, Canadians, on average, owe $1.67 for every dollar of income. The reason for this is fairly simple: while the average Canadian
Home / Blog / Financial, Savings, Debtby Marc Rouleau One of the most difficult things we have to do in life is ask for help. Offering help comes to most of us naturally but asking for help, not so much. Many are willing and some able to tough it out and
Home / Blog / Insolvency Trustee 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 assumptions they shouldn’t make about what Trustee do and how they
Home / Blog / Bankruptcy, Financial 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 bankrupt with
Home / Blog / Financial Here are two ways you can judge when you 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 your
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
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
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
