FAQs
Most popular questions
Clearing Debts Made Easy: Your Common Questions Answered Briefly
Find answers to common questions about debt relief options, consolidation, managing financial stress, and more. Simplify your path to a debt-free future.
A Licensed Insolvency Trustee helps you offer creditors a reduced debt repayment over up to 5 years. Interest stops, and collection calls must end once it’s filed. Creditors vote to accept it, and once payments are complete, the rest of the debt is forgiven.
Yes. It’s a federally regulated process under the Bankruptcy and Insolvency Act. Only a Licensed Insolvency Trustee can file it, and creditors must stop legal actions once it’s filed.
The duration of debt relief varies based on the option chosen, the amount of debt, and your financial situation. Some programs can take several months to a few years to complete.
Yes, a consumer proposal can include unsecured medical bills and some student loans. Medical debt is fully covered. For student loans, they are included only if you’ve been out of school for at least 7 years. If it’s been less than 7 years, they typically can’t be discharged through a proposal, though they may still be part of the repayment plan.
No large upfront fees. Payments include trustee fees and two counselling sessions. Everything is covered in your monthly payment plan.
Yes, Doyle Salewski Inc. is a fully licensed Insolvency Trustee, authorized by the federal government to provide debt relief services under the Bankruptcy and Insolvency Act.
Debt relief can offer several benefits, such as reduced stress, lower interest rates, smaller monthly payments, and the potential for becoming debt-free sooner.
Common debt relief options include consumer proposal, debt consolidation, debt settlement, credit counseling, and bankruptcy. The best option depends on your financial circumstances.
Enrolling in a debt relief program can initially have a negative impact on your credit score. However, as you make progress and reduce your debt, your credit score may improve.
Anyone who owes $1,000–$250,000 in unsecured debt (excluding your home mortgage), is struggling, and lives in Canada.
Doyle Salewski Inc., may collect personal details such as your name, contact information, financial data, and specifics related to your debt situation to tailor its services to your needs.
Book a free consultation with a Licensed Insolvency Trustee. They’ll assess your debts and guide you through your options—no obligation or upfront fees.