Edmonton Bankruptcy, Credit Card Debt Help, Debt Consolidation, Credit Counselling
Edmonton Bankruptcy, Credit Card Debt Help, Debt Consolidaiton, Credit Counselling

Debt problems?
We Have Solutions.

Ask Us Your Questions. Schedule Your Free Consultation Today. 


4 Convenient Offices In Edmonton. Local Offices Across Alberta.

Edmonton West

10215 178 Street NW

Edmonton, AB T5S 1M3

Call:(587) 525-9904
Send us an email

Edmonton North

11810 Kingsway Avenue

Edmonton, AB T5G 0X5

Call:(780) 701-0431
Send us an email


202, 12906 – 54 Street NW

Edmonton, AB T5A 2G3

Call:(587)525-5965
Send us an email

Considering Bankruptcy?

Don't Stress! There are options.

 

Are Your bills pilling up? Struggling to keep up with your minimum payments? Using credit cards or pay day loans to pay your bills? Creditors calling? Tax debt?

Whatever Your Financial Situation, There Is A Solution!

When you give the professionals at Bromwich & Smith in Edmonton a call, we will go over your specific finanacial situation with you and help you determine the best debt relief solution to stop the stress and get you back on track to living debt free.

Yes, We Can Stop ALL Creditor Actions Today!

When you contact Bromwich & Smith, not only will you receive debt help from our professional Credit Counsellors, you will be benefiting from dealing with a Federally authorized Consumer Proposal Administrator & Licensed Insolvency Trustee (previously referred to as a Bankruptcy Trustee). This gives us the authority as an Officer 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.

Bankruptcy Does NOT Have to Be Your Only Option! Keep Reading To Learn About A Consumer Proposal.

With a Consumer Proposal, Bromwich & Smith negotiates with your creditors for you, reaching a settlement which usually requries repayment of only a percentage of the original amount owed, based on what you can afford and not what your creditors are demanding.
A proposal can be paid over a period of up to 5 years, with one affordable monthly payment.
All interest charges stop. There are no interest payments during the term of the proposal
All creditors are legally bound by the conditions of a proposal, even if not all agree.
Creditor collections, wage garnishees, frozen accounts and all other creditor legal actions are stopped immediately upon filing.
You get to keep your assets.
We are paid by a government tariff. There are No Fee Payments from you.

Bankruptcy is always the last resort, and by dealing with Bromwich & Smith in Edmonton you can rest easy knowing that we have the experience and authority to present other solutions, such as a consumer proposal, a powerful bankruptcy alternative. A proposal will provide you with legal protection while allowing for a debt consolidation solution that fits your budget (based on what you can afford, and not what your creditors are demanding) and can let you keep the things you've worked so hard to earn. Declaring bankruptcy is not your only option.

Believing In Your Future!

We look forward to offering you the help you need to become debt free. With over 40 years of agency experience in Edmonton & across Alberta, our team of professional and non-judgemental credit counsellors, licensed insolvency trustees and proposal administrators are here to help you start your debt free future today. Call us in Edmonton and across Alberta for your free consultation and to learn more about how a consumer proposal could help you become debt free and avoid filing for bankruptcy.

To learn more about a Consumer Proposal, a powerful bankruptcy alternative, and how it can help you become debt free, please watch the short and informative video below:

To learn more about Bankruptcy, and when a bankruptcy could be the best option to eliminate debt and get a fresh start, please watch the short and informative video below:

Have 3 minutes to spare?  Let us show you how a Consumer Proposal or Bankruptcy from Bromwich & Smith in Edmonton could be the answer to eliminating debt and beginning your brighter financial future.

Avoiding bankruptcy in Edmonton

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Edmonton debt help
Did you know, the duty of a Licensed Insolvency Trustee is not to simply to steer you towards bankruptcy? Instead, a trustee is morally and legally obligated to find the best solution for you and your creditors, and that could be a Consumer Proposal. A Win-Win for both parties and all of your debts are consolidated into one affordable monthly payment. 

In Edmonton, more people are filing consumer proposals to help them get out of debt than ever before. For many people who owe money, the benefits of a proposal over bankruptcy make it a much more attractive alternative.

If you’re struggling with debt, here are the top five reasons this powerful debt consolidation tool might be your best option for getting out of debt:

1) You get to keep your possessions. One of the biggest benefits of a consumer proposal over a bankruptcy is that you get to keep your belongings. As you are making payments towards your debt, there is no need to seize your things to help repay your debts.

2) Protection from creditors. A consumer proposal and a bankruptcy are the only two ways to legally be protected from your creditors. When you file a consumer proposal or bankruptcy, by law your creditors are no longer allowed to contact you or attempt to get money from you. This includes phone calls, wage garnishment, and any other collection attempts. 

3) No interest. Interest is one of the reasons it’s so difficult to get out of debt. When you borrow money, whether through a loan or on credit, you repay it with interest. This can be up to 30% of the balance, and much higher for pay day loans! As a result, a large portion of your monthly payment goes towards interest, which makes it difficult to pay down balances. With a Consumer Proposal, interest no longer accumulates on the settled amount. All the payments you make go directly towards the principal.

4) Debt Consolidation. You don’t have make to multiple payments to each of your creditors each month. Instead, you make one consolidated payment each month to your Bromwich & Smith Licensed Insolvency Trustee. They will then distribute this money amongst your creditors for you. And the settlement amount is negotiated by your trustee for you, based on what you can afford, not what the creditors were originally demanding, often requiring payback of only a percentage of original amount owed.

5) Potential for less damage to your credit score. It’s true that a consumer proposal affects your credit score, although potentially less than a filing bankruptcy. Consumer proposals do not last any longer than five years and will show up on your credit report for three years from the date of your last payment. However, if your financial situation changes, you can pay off your settlement amount earlier, lessening the time it remains on your credit report. And unlike declaring bankruptcy, if your financial status changes, you aren't required to make surplus income payments to the creditors. Once a proposal amount is set, your creditors can't come back for more. (With a bankruptcy there is a threshold income amount the federal government allows you to make during the term of your bankruptcy.  A portion of anything above this net income amount must be paid to your trustee for redistribution to your creditors).

If you’d like to find out if a consumer proposal is right for you, contact the experienced Proposal Administrators and Licensed Insolvency Trustees at Bromwich & Smith in Edmonton Today!
Edmonton West

10215 178 Street NW

Edmonton, AB T5S 1M3

Call:(587) 525-9904
Send us an email

Edmonton North

11810 Kingsway Avenue

Edmonton, AB T5G 0X5

Call:(780) 701-0431
Send us an email


202, 12906 – 54 Street NW

Edmonton, AB T5A 2G3

Call:(587)525-5965
Send us an email

Bromwich & Smith Inc BBB Business Review

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4 Convenient Edmonton Offices

10215 178 Street NW

Call:(587) 525-9904

11810 Kingsway Ave

Call:(780) 701-0431

202-12906–54 Street NW

Call:(587)525-5965

3320A Parsons Rd. NW

Call:(780)701-0432

Click Here For Leduc / Lacombe, St. Albert, Wetaskawin, Spruce Grove, Fort Saskachewan & Offices Across Alberta