Debt Problems? Real Debt Solutions In Whitecourt - Please Call for Your Free Consultation

Local Offices Across Alberta. Click Here for Directory
Bromwich & Smith - Whitecourt
4723 - 50 Ave. #2460

Call: 1.855.884.9243 Alberta Toll Free
Send us an email

Service Also Available In:

Punjabi: ਸਾਨੂੰ ਪੰਜਾਬੀ ਵਿਚ ਸੇਵਾ ਪੇਸ਼ ਕਰਦੇ ਹਨ.

Hindi: हम हिंदी में सेवा प्रदान करते हैं।

Urdu: ہم ہندی میں خدمت پیش کرتے ہیں .

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Debt Problems? Don't Know Where to Turn?
Don't Panic. There Are Solutions!

Remember, being debt free isn't a dream it's a choice, and Bromwich and Smith can make that choice a reality.

Bromwich & Smith is licensed and regulated by both provincial and federal governments as Credit Counsellors, Consumer Proposal Administrators and Licensed Insolvency Trustees. We have the necessary skills and training to examine your financial situation, and we have the legal authority to present financial restructuring options that will legally force your creditors into a settlement and stop all creditor actions, including immediately stopping creditor collection calls.

How do I determine what option is best?

There are several factors that need to be taken into consideration when determining the best solution to relieve your specific debt problems. But not to worry. The skilled credit counsellors at Bromwich & Smith will go over your finances in detail with you and will be able to quickly determine which solution best fits your unique financial situation. We will provide you with the advantages and disadvantages of each solution and help you make the right debt relief choice.

We're here to help you start believing in your future and start your debt free!

Bankruptcy and alternatives in Whitecourt AB

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.




Whitecourt bankruptcy options

The Dangers of Payday Loans

For more informative articles on eliminating your debt, check out our resource centre.

You've probably seen the ads promising same-day funds or cash advances, which can be tempting if you need money. But if you need to pay the bills or cover an unexpected emergency, think twice before thinking about a pay day loan.

Payday loan basics
Unlike other loans, they do not require a credit check. Typically, you only need to provide your bank information and a pay stub. You may also be asked to provide references. You will be required to provide bank information or other details to ensure repayment of the loan. After the loan term is up (usually two weeks), the payday loan company processes the repayment of your loan, plus their fees.

If you can't afford to pay back your loan at the end of the two weeks, you might have the option of renewing the loan and rolling it over, however, you'll have a very high interest rate and additional fees. This makes the loan even harder to pay off.

The real cost of payday loans
Payday loans are the most expensive type of loan you can get. The interest rate can be exceptionally high, but It doesn't stop there. There are many fees associated with a payday loan.
Typically, you can expect some of the following:

-Set-up or administration fee
Processing charges
Early repayment fees
Rollover fee
Renewal fee
For many people, using this type of loan to make ends meet becomes an expensive trap and keeps them in high interest debt for a long time.

What you can do
Ideally, you should avoid payday loans altogether. But if you're already in debt with this type of loan and need relief, Bromwich & Smith can help. We will help you figure out the best way to get out of debt, including payday loan debt.
Call Us. One Convenient Number for All Alberta Offices
 1-855-884-9243 (ALBERTA TOLL FREE)
Debt Problems? Real Debt Solutions In Whitecourt - Please Call for Your Free Consultation

Local Offices Across Alberta. Click Here for Directory
Bromwich & Smith - Whitecourt
4723 - 50 Ave. #2460

Call: 1.855.884.9243 Alberta Toll Free
Send us an email

Bromwich & Smith Inc BBB Business Review


One Convenient Number For All Alberta Offices

Call: 1.855.884.9243 (Toll Free)