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Debt Problems?


Debt Solutions!

Whatever your financial situation, We Can Help!


To the team at Bromwich & Smith, Believing In Your Future is not a slogan. It's our philosophy. We understand that anyone can experience debt. We also understand that the stress that comes with debt can be devastating, slowly creeping into all aspects of your life. There comes a point where going it alone can become difficult or impossible. We are here to give you the assistance you need. We Can Help!

 

 

Questions & Answers

ALBERTA Toll Free: 1-855-884-9243

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Debt Problems?

DEBT SOLUTIONS!
Whatever your financial situation, We Can Help!

Looking For Debt Relief? You Have Real Options! Stop All Creditor Actions Today.

At Bromwich & Smith, we are here to help you, no matter what state your finances are in. For every debt problem there is a solution. We have helped thousands of people in Medicine Hat and throughout Alberta eliminate their debt problems and start a fresh financial future.

 
Making the Call

When you contact Bromwich and Smith, you will be helped by a friendly and knowledgeable debt solutions professional who will ask you general questions about your finances. Based on this initial information, we will provide you with details about the debt relief programs that might be a good fit for your specific financial situation. Your options could include credit counselling, budgeting, consolidation of debts, or the legal protection of a bankruptcy or consumer proposal.  To learn more about Consumer Proposals and how they can be an effective alternative to bankruptcy and a WIN-WIN for both you and your creditors, keep reading.

 
Here's how a Consumer Proposal works:

● Bromwich & Smith will look into your financial situation with you.
● We will then determine with you what you can afford to pay to your creditors. This amount is usually only a percentage of what you originally owed and not the amounts that creditors were demanding. (If you are unable to pay anything to creditors, there are other solutions other then a proposal available).
● With a proposal all of your creditors are legally forced into the payment terms of the settlement, even if not all agree. However, as the settlement amount is greater than what creditors would receive in a bankruptcy, it is usually accepted. 
● Creditor actions will immediately stop. This includes phone calls, collection activities, garnished wages and all other creditor legal actions against you.
● All interest charges immediately stop. Your settlement amount is not subject to any interest for the entire settlement term.
● Your payment term could be up to 5 years allowing you to pay one affordable monthly payment for a length of time that matches your budget.
● Your assets are not touched by a Consumer Proposal. 
● Bromwich & Smith is paid by a government tariff included in the settlement amount. There are no additional fees charged to you.
● Your creditors can't come back for more. Your settlement is firm and is not affected by changes in income or other financial windfalls, such as inheritance and lottery winnings.


Your Free Consultation

Should you choose to learn more about your options, we will set up a free, no obligation, one-on-one meeting with a Bromwich & Smith Proposal Administrator and Licensed Insolvency Trustee (previously known as a Trustee In Bankruptcy). This meeting can take place in person, over the phone or by video conferencing, whichever works best for you. At this meeting, we will go over your finances and debt in detail. We’ll review what you owe and to whom, what you earn and what you own. Based on this information, we will be able to make a recommendation for a debt relief program and explain the advantages and disadvantages in a clear and concise way, free of confusing jargon.


It’s always your choice whether or not you want to proceed.

If a bankruptcy or consumer proposal is your best option, and you decide to proceed, our office will prepare all of the necessary paperwork on your behalf and begin the process of notifying your creditors. Once you retain the services of a Licensed Insolvency Trustee, creditors are no longer able to contact you regarding your debt. This applies to both bankruptcies and consumer proposals.


Take Action

At Bromwich and Smith, our primary aim is to help you feel informed, comfortable with your choices and never, ever feel judged. We understand, debt can happen to anyone. Contact us today in Medicine Hat and across Alberta and start believing in 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.


Walking out of your office building was the first time in probably 6 years that I have felt a weight lift off of me and I still feel it. Thank you guys for this gift and this fresh start that my son and I finally have.


Brittney

My Wife and I really appreciated all the information provided to us and the way the professionals at Bromwich & Smith Inc treated us with dignity. They really helped us to make the right decision, and I would definitely recommend them to anyone who is going through difficult times because of debt.

WM

Professional and understandable folk who help with any questions you might have and extremely friendly. 10/10




Jordan D

I approached Bromwich and Smith in Lethbridge, based on the testimonials posted on their website and I was NOT disappointed. Sandy Lyons treated me with the utmost respect and compassion. Sandy's professionalism instilled enough confidence in me to handle a very difficult stage in my life without having to bear reprimands or judgement.

Hart B

I spoke with Peter concerning our small business needs. He was strong in his terminology, willing to support and totally down to earth.
Approachable, kind and wise.
Best decision we could have made by contacting his offices. Before you lose it and fold your dreams, inquire for help.

Paulette G

We were so happy to have this dedicated and professional team available to guide us through the options. Our proposal went very smooth due to ongoing support from the Bromwich & Smith team.



Gary O

I recommend them completely!! They treat as equal don't look down on you! Made me feel so welcomed ! Helped us out so fast . I can now say I can sleep at night thanks again !!! Look forward to working with you Peter!


Janet M

Talking about money and money mistakes can be very hard to do. The money counselors at Bromwich and Smith are open, non-judgmental and ready to listen. Taking the first step towards financial empowerment is a huge leap - this leap will be worth the risk because you will have great people on your side.

Sakimah K

Sandy Lyons definitely cares about his clients, and people around him! Keep up the great work Sandy! I recommend Sandy to help you with the stress of those bills piling up - he will work with you to find a solution!


Jance K

Bromwich & Smith provided excellent customer service, and helped me to understand the big picture when assessing my financial situation.
Peter was instrumental in helping me 'snap out' of the illusion that a good credit score is all that matters. In my case bankruptcy was the best option, and this company helped me to realize that.

Mark

I came to Bromwich & Smith to discuss debt resolution. I met with Peter Stack. Peter was very personable and made me feel very comfortable and he provided me with all the options that were available to me.
After my initial meeting I feel very optimistic about solving my debt issues.

Nikki

Professional, helpful, and non judgmental. If you're in debt and don't know what to do, call them for help! You will be very happy you did.



Lisa

This is long overdue but we had a meeting with Shawn at their south office and it was an excellent meeting with him. He made us feel comfortable and made us understand our options. We felt great leaving the place and was positive about dealing with our financial future. We highly recommend Bromwich and Smith to those who are feeling hopeless about their financial situation.

Julia

Super professional, Amazing service, I went to 2 other trustees and By far Bromwich & Smith out performed both companies. The made it easy and comfortable. thanks a ton.



Tyler

Excellent service, walked me throughout the process of a proposal step by step and made me feel comfortable in a time in my life when I didn't know what to do.



Steve

Everyone right from the beginning, starting with Renata who took my call, made me feel comfortable and at ease. I did not know about consumer proposals.

Thank you all ,for your compassion and expertise.

Gail

Awesome!! Awesome! Gave invaluable information, friendly atmosphere. These people helped me get a handle on a scary situation that I thought I had under control...BUT didn't! Give these guys a call you would not regret it.


Mahogony

My first time talking with a counsellor of Bromwich & Smith I met Peter, Made me fell like a real person, not a loser because I had financial problems. Now I can live my life stress free. I would recommend Bromwich & Smith to anyone who faces a hard time financially.

Rachel

Medicine Hat Debt Consolidation


 Fort McMurray Debt Assistance FREE INITIAL CONSULTATION

 
Debt Consolidation NO HIDDEN FEES


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Medicine Hat Bankruptcy Alternatives

Medicine Hat Licensed Insolvency Trustees
More than just bankruptcies.

There are a variety of different types of financial help available. Some options include:

Licensed Insolvency Trustees. Licensed insolvency trustees are licensed, highly trained financial professionals. In addition to preparing bankruptcies, they also provide other types of financial help. Trustees prepare consumer proposals, which allow you to settle your debts for less and pay them off over several years. Bromwich & Smith fits into this category.

Credit counselling. Firms that provide credit counseling usually charge a fee for their services. Credit counseling includes helping you prepare and stick to a budget, how to manage your debt, and how to invest in retirement and education.

Debt consolidation. Lenders who provide debt consolidation services give you a loan that is used to pay off your debt. This allows you to make one lower interest payment each month instead of making multiple payments to different creditors. Debt consolidation usually requires that your credit rating is still good and that you have steady and sufficient income.


Good Versus Bad Financial Help

Not all financial help is created equal. Some companies take advantage of people in desperate situations.


A few warning signs include:

  • They charge excessive fees upfront.
  • They don't tell you what all of your options are, including consumer proposals or bankruptcy.
  • They make promises they are unable to keep, such as erasing bad marks off your credit.
  • They are not government regulated. (Bromwich & Smith is regulated and licensed by provincial and federal governments).

 

Make sure you research each company or organization before agreeing to their services. First, find an established brick and mortar business. A lot of fly-by-night companies pop up on the Internet and can disappear just as fast. Search reviews - If they have negative online reviews, or if they charge upfront fees before you see results, keep looking.

 

Finding Good Financial Help

If finding good, reputable financial help seems overwhelming, don’t worry. One of the best options for financial help are the licensed insolvency trustees at Bromwich & Smith. We are licensed and regulated by the government, and adhere to a strict code of ethics. We also complete ongoing professional development courses, which makes sure our trustees are always up to date on the latest laws and regulations. Our fees are regulated, so you know you are not being overcharged.

In Medicine Hat and across Alberta, the trustees at Bromwich & Smith can provide you with the help you are looking for. The first consultation is free and will give you a better idea of what your options are. Bankruptcy does not have to be your only option!

Start believing in your future. Your debt free tomorrow starts here today!



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Medicine Hat

640 - 3 Street SE, Suite 102

Medicine Hat, AB T1A 0H5

Call:(403) 526-0411
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Convenient Medicine Hat Office

640 - 3 Street SE, Suite 102

Medicine Hat, AB T1J 0Y9

Call:(403) 526-0411
Send Us An Email

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