Lacombe Bankruptcy | Credit Card Debt Relief | Debt Consolidation

Struggling With Debt? 
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Local Offices Across Alberta.
Lacombe, AB Call: 1.855.884.9243

Debt Stress Controlling Your Life? We Can Help!

In Lacombe and across Alberta, Bromwich & Smith has helped thousands of individuals, couples and families eliminate their debts and start living debt free. We can help you too!

Debt problems? Real Solutions!

Although right now you may feel that your debt situation is hopeless, be rest assured, there is a solution and Bromwich & Smith can help. We have over 40 years of debt solving experience, and we can help you understand the different options available and determine which solution is best for you. Whether it be budgeting, credit counselling, debt consolidation, a consumer proposal or personal bankruptcy, we can help you make the right decision and start enjoying life debt free.

We Will:

-Do a throrough examination of your debt and finances

-Discuss debt solution alternatives with you

-Determine the best solution for your situation

-Administer all aspects of your debt solution

-Put an end to your debt stress and help you to start living debt free
 


Are the debt solutions offered by Bromwich & Smith legally binding on creditors?

Absolutely! When you deal with Bromwich & Smith, you will be dealing with a Consumer Proposal Administrator and Licensed Insolvency Trustee (in the past, referred to as a Trustee in Bankruptcy), licensed and regulated by the provincial and federal governments. 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. We are governed by the highest in standards and legislation, so you can be rest assured of receiving unbiased and knowledgeable assistance.


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.


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Lacombe Debt Consolidation
Are creditors sending you threatening legal letters?

Has a collection agency called you repeatedly?

Do they threaten to repossess your car, furniture, television or even sue you (take you to Court)?

If so, you are probably feeling pretty stressed right now.

If you are in arrears or default on an agreement, creditors do have the right to try and collect the debt. However, they do not have the right to harrass you or insult you. If you feel you are being treated unfairly, you can examine the guidelines governing collection agencies at Service Alberta.


If the creditor is unsecured they can demand payment in full and do not have to accept monthly payments from you. The creditor can sue you to get a judgment and then try to seize your possessions (items not exempt from seizure) or use the judgment to commence garnishment of your wages. This all takes time and the creditor is required to give notice of the action to sue you.


If collection agencies are calling, now is the time to seek help from Bromwich & Smith. We can administer a bankruptcy or a proposal to creditors that will stop a creditor from being able to collect from you, stop the creditor from suing you, stop the creditor from seizing possessions and stop the continued garnishment of your wages.


If the creditor has security (such as a car or household goods that you permitted them to register a lien on) and you are in arrears the creditor can have a bailiff come and seize the secured items to help recover on the debt. Depending on your situation, you may be able to continue making the agreed payments to retain the secured items. Alternatively, you may give the items to the secured creditor and stop the collection efforts for any balance owing to the creditor after the creditor has sold the security. In some instances the creditor may reduce the amount that must be paid if the value of the security is less than what is owing.


To find out which option is best for you, call the debt professionals at Bromwich & Smith Today.

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 1-855-884-9243 (ALBERTA TOLL FREE)
Debt Solutions In Lacombe - Please Call for Your Free Consultation

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One Convenient Number For All Alberta Offices

Call: 1.855.884.9243 (Toll Free)