Canmore & Banff Bankrutpcy and debt help.

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Convenient Location in Canmore. Local Offices Across Alberta.

729 10 Street, Suite 200 Canmore AB T1W 2A3, Call:(403) 609-0312

 

Debt Problems? Debt Solutions!

Missing payments or only able to make minimum payments? Experiencing a debt crisis due to loss of job, change in marital status, inadequate pension or other life change? Using credit cards or loans to make ends meet? These are just a few of the triggers that can cause serius debt problems.   There are solutions and we can help!

We've assisted many individuals, couples and families in Canmore and throughout Alberta eliminate their debt and get back on track for a debt free future. Depending on your particular financial situation, debt advice, credit counselling and budgeting may be the answer to get your finances back on track. In other situations, you may require the legal protection of a consumer proposal or a bankruptcy. Whatever your specific debt situation, we can help you too!

Stop Creditor Actions Today!
Did you know, the only debt solutions that are legally binding on your creditors are a consumer proposal and bankruptcy. When you contact Bromwich & Smith, not only do you benefit from receiving debt help from our professional Credit Counsellors, we are authorized and regulated by both federal and provincial governments as Consumer Proposal Administrators and Licensed Insolvency Trustees (previously known as a Trustee in Bankruptcy). This gives us the authority as an Agent of the Court to present options to your creditors that will legally bind them into the conditions of a settlement and immediately stop all creditor actions.

Believing In Your Future!
Our team of Credit Counsellors, Proposal Administrators and Licensed Insolvency Trustees in Canmore and across Alberta can provide you with the guidance and debt solutions you need today. We look forward to offering you reliable, non-judgmental and professional help to take control of your finances and start your debt free future.

What is a Consumer Proposal?

Consumer Proposals were created as an alternative to personal bankruptcy and can be a “win-win” situation for both you and your creditors. A consumer proposal can significantly reduce your debt and will immediately stop all creditor legal actions against you.

Based on your specific financial situation, a Bromwich & Smith trustee will negotiate with your creditors for you, offering a payment plan based on an amount that you can afford and not what creditors are demanding. Amount of settlement is usually only a percentage of what you originally owed. A Consumer Proposal is legally binding and once agreed upon, your settlement amount can't be increased...your creditors can't come back looking for more.

Creditors “win” with consumer proposals since they will receive more money then they would in a bankruptcy, and consumers win since they can keep all their assets, and can pay back their debt at a rate they can afford and not what creditors were demanding, interest free.

 

Your eligibity for a Consumer Proposal will depend on your particular financial picture. To discuss your options and eligibility, give one of our Credit Counsellors at Bromwich & Smith a call today.

Stop ALL Creditor Actions

As soon as a Consumer Proposal is filed, all actions against you will stop. This means collection calls will immediately stop, as will wage garnishees and all other creditor legal actions.

Make One Affordable Monthly Payment

When under the protection of a consumer proposal, all of your debts are included in one monthly payment. This payment amount is negotiated between your Bromwich & Smith Trustee and your creditors, and is set at an amount that you can afford, usually only a percentage of what was originally owed.

No Interest Charges

All interest charges stop.  There is no interest added to your proposal amount, for the entire duration of the proposal. Every cent you pay goes towards paying your debt and not interest!

Keep Your Assets. Keep Your Home.

A consumer proposal does not include assets in which creditors have leins, such as car loans. Mortgages are also not included. However, you may be able to make arrangements to continue with the payments so that the asset can be retained. If an individual has a mortgage on their residence, they can continue making the mortgage payments.

No Fee Payments From You!

Our fees are based on a tariff set by the Bankruptcy and Insolvency Act, and the fees are deducted from the payments made by you, before any funds are issued to your creditors. There is no additional cost to you above and beyond the monthly payment in the proposal.


Avoiding bankruptcy in Canmore


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Canmore Stop Collection Calls
If your financial worries are starting to take a toll, you are not alone. A 2012 study from the Canadian Institute of Chartered Accountants found that as many as 82% of Canadians were worried about money. Money worries can affect nearly every aspect of your life, from relationships to sleep to health.

Types of Financial Stress

“Financial stress” is a broad term. Once you can pinpoint the source of your money worries, it’s easier to take the right steps towards getting it under control. Some of the biggest sources of financial stress you may be experiencing include:

Credit card debt.
The average Canadian carries a balance of just over $3500 in credit card debt. Credit card debt can be stressful, especially when you constantly make payments and the balance doesn’t seem to budge.


Cost of living. The costs of food, transportation, gas, utilities, rent, mortgage payments, and other essentials add up quickly. For many people, this is enough to lose sleep over.

Loans. Most people have some form of loan, whether it’s a mortgage, car loan, or student loans. It can be particularly stressful when you can’t afford to pay your loans and are in danger of losing your home or having your car repossessed.

Insufficient income. Being unemployed or not making enough money to cover your bills and monthly payments each month is more than enough to keep you up at night.


Getting Help for Financial Worries

When you’re under a great deal of stress, your financial problems may be so overwhelming you don’t know where to start. There are things you can do to take control of your finances:

Make and keep a budget. If you’re having trouble making your paychecks cover your living expenses, a budget may help you track your spending so you know where all of your money is going. It also helps you prioritize expenses and eliminate wasteful spending.

Contact your creditors. Don’t let your accounts go into collections or accumulate fees. If you’re having trouble making your payments, contact your creditors and see if you can work out a more manageable payment plan.

Downsize. If you simply can’t make ends meet, look for areas in your life where you can downsize. For example, if you have two vehicles, selling one and opting for public transportation or carpools will help you save money on a car payment, insurance, and gas.

Contact the team at Bromwich & Smith.
Sometimes, your financial problems are just too much to handle on your own. A consultation with a credit counsellor, consumer proposal administrator and licensed insolvency trustee can help you find out what options are available to you. This doesn’t always mean bankruptcy. In fact, a consumer proposal can be a powerful alternative to bankruptcy. Your first consultation is free and confidential and is the first step towards relief from your financial problems.
Convenient Canmore Location - Please Call for Your Free Consultation

Local Offices Across Alberta. Click Here for Directory
Canmore

729 - 10 Street, Suite 200

Canmore, AB T1W 2A3

Call:(403) 609-0312
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Call: 1.855.884.9243 (Toll Free)