Red Deer Bankruptcy | Credit Counselling | Debt Relief

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Convenient Location in Red Deer. Local Offices Across Alberta.

104, 4808 – 50th Street Red Deer, AB T4N 1X5  Call:(403) 347-2003

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We'll Give You A Solution To Be Debt Free!

When you are experiencing financial problems, knowing the options available to you could make all the difference in the world on the final outcome. The experienced team at Bromwich & Smith in Red Deer can provide you with the answers you need. We will examine your current financial situation, and provide you with the best path to take back control of your finances. We are here to find the best solution for you.

Depending on your debt situation, credit counselling and budgeting may be what you need to bring your debt under control. In other cases, you situation may call for the legal protection provided by a consumer proposal or a bankruptcy.

Did you know, a licensed insolvency trustee could be your best option to avoid bankruptcy.


Many people hesitate to call bankruptcy trustees, simply because of the somewhat ominous word in their title, 'bankruptcy'. That's why in April 2016, the title has been changed to Licensed Insolvency Trustees, to reflect the broad range of debt solution options a trustee can offer that simply aren't available from other debt management professionals.

One powerful debt elimination tool is the Consumer Proposal. The proposal is the only debt solution besides bankruptcy that can stop creditor actions and force a settlement on all creditors, even if not all agree. A proposal is legally binding on all parties, giving you the security of knowing that any arrangement negotiated between you, your trustee and your creditors will remain in force, as long as you continue to live up to your end of the deal.

Here's how a Consumer Proposal works:

We will examine your current financial situation with you.
Based on your situation, we will determine what you can afford to pay to your creditors. 
We will negotiate with your creditors for you. (With a Proposal, your creditors receive more then they would in a bankruptcy, so it is usually accepted).
All creditors are legally forced into a settlement, even if not all agree.
ALL creditor actions are immediately stopped, including collections, wage garnashees, and other legal actions.
All interest charges stop.
There are No Fee Payments from you.  We are paid by a government tariff.

At Bromwich & Smith, we are licensed by both federal and provincial governments as Consumer Proposal Administrators and Licensed Insolvency Trustees. 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!

In Red Deer and across Alberta, we have helped thousands of people solve their debt problems. We can help you to get out of debt and start creating your debt free tomorrow...today!

To learn more about how a Consumer Proposal can help you become debt free, please watch our short video below:


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

Avoiding bankruptcy in Red Deer

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.


 Fort McMurray Debt Assistance FREE INITIAL CONSULTATION

 
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Red Deer Bill Consolidation

When debt spirals out of control, your best bet to regain control is to seek professional help.


When is the best time to talk to the debt professionals at Bromwich & Smith?

Ideally, the sooner you contact us, the better. The longer you wait, the more aggressive your creditors will become, with wages possibly being garnished, and penalties accumulating.  Discussing your options with a trustee as soon as possible is the best way to minimize the damage. It’s also the best way to avoid bankruptcy. You can start rebuilding your finances today instead of going through the process further down the road, when it could continue to get more difficult to deal with. Plus, the professionals at Bromwich & Smith can help insure that you are not sacrificing assets or savings that may be secured by the legal protection we can provide.


How can I get help from a trustee?


Your initial consultation is free of charge. During this time, your trustee will sit down with you and go over your finances. He or she will provide you with all of your options and recommend your best course of action. This could be credit counseling, a consumer proposal, or perhaps bankruptcy. The final decision is always yours.

If you’re in debt and unsure what to do next, give Bromwich & Smith in Red Deer a call today.

Convenient Red Deer Location - Please Call for Your Free Consultation

Local Offices Across Alberta. Click Here for Directory
Red Deer

104, 4808 – 50th Street

Red Deer, AB T4N 1X5

Call:(403) 347-2003
Send us an email

Bromwich & Smith Inc BBB Business Review

Call

Convenient Red Deer Office

104, 4808 – 50th Street

Red Deer, AB T4N 1X5

Call:(403) 347-2003
Send Us An Email

Click Here For Local Offices Across Alberta