Beaumont Alberta - Bankruptcy & Debt Help

Debt Problems?
Debt Solutions.

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Debt Problems? Debt Solutions!


Creditors calling? Bills keep on coming? Only paying minimum payments? Tax Debt? Wages Garnished? Using Payday loans? We can help!

In Beaumont and across Alberta, Bromwich & Smith has helped thousands of Albertans stop their debt stress, gain control of their debt and start believing in and living a debt free future. Debt advice and credit counselling may be all you need to get back on track. In other situations, you may require the legal protection of a consumer proposal or a bankruptcy. Whatever your specific debt situation, we can help you too!

Stop Creditor Actions Today!
Unlike debt management firms, we are also licensed by the Federal Government and Government of Alberta as Consumer Proposal Administrators and Licensed Insolvency Trustees (formally known as Trustees In Bankruptcy). This gives us the authority as an Agent of the Court to present options to your creditors that will legally force them into a settlement and immediately stop all creditor actions.

Believing In Your Future!
Our team of qualified Credit Counsellors, Proposal Administrators and Licensed Insolvency Trustees can provide you with the guidance and debt solutions you need. The team at Bromwich & Smith has over 40 years of debt solution experience in Beaumont and across Alberta, and will use this expertise to examine your unique financial situation and make recommendations to help you solve your debt problems. We look forward to offering you reliable, non-judgmental and professional help to take control of your finances and start believing in your future again. Your debt free future starts here today.

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.

Avoiding bankruptcy in Beaumont Alberta




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Beaumont Debt Assistance

The Dangers of Easy Credit...

“We won’t turn anyone away!” Chances are, you’ve probably heard ads or seen flyers that promise easy approval for credit, whether it’s a car loan or credit card. These offers can be tempting. But the many dangers of easy credit can make it even harder to avoid spiralling even further into debt.

What exactly is “easy credit?” A few examples of loans and credit to watch out for include:

- Payday or check cashing loans
Subprime auto loans
Very high-interest credit cards
Lines of credit that approve anyone
Loans that require your home or car as collateral


Very high interest rates

One of the benefits of a high credit score is the ability to borrow money at a low interest rate. In Canada, creditors can legally charge up to 60% interest. Easy credit will always have a high interest rate attached to it. This means higher monthly payments, with the majority of your payment will go towards interest. It also means you’ll end up paying much more than the item is worth.

For example, let’s say you purchase a car from a dealer that offers easy credit. You finance $10,000 at 25% interest. Your monthly payments would be $331 a month, and over the life of a four-year loan, making the total amount you pay for the car $15,888.

Costly fees

Expensive fees are another reason easy credit loans are risky. Payday loans are well-known for this. Recent legislation makes it illegal to charge excessive fees, but late fees, processing fees, and renewal fees are still common. These fees can make it easy to fall behind and almost impossible to get caught back up.

Further credit damage

With higher payments and expensive fees, easy credit and high interest loans make it easy to fall behind. This can cause even more damage to your credit. What’s more, if you have a subprime car loan, you also run the risk of getting your car repossessed if you fall behind on payments. This can cause serious damage to your credit.

There are solutions!

If your financial problems are too much for you to realistically handle, or if you already have high interest loans or easy lines of credit that you can no longer afford, Bromwich & Smith can help. Options like a consumer proposal, which helps you repay your debts with an affordable payment plan, can help you get back on your feet.

Call Us Today In Beaumont and Across Alberta. We Can Help!

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One Convenient Number For All Alberta Offices

Call: 1.855.884.9243 (Toll Free)