Drumheller Bankruptcy | Credit Counselling | Debt Consolidation


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Problems With Debt? 
We Have Solutions.

Ask Us Your Questions. Free Consultation. 


Convenient Drumheller Location. Local Offices Across Alberta.

59 Bridge Street, Drumheller, AB T0J-0Y0   Call: 1.855.884.9243 (Alberta Toll Free)

 

Debt Stress? Debt Relief Solutions!

Are you experiencing a debt crisis due to loss of job, change in marital status, inadequate pension, accident or illness or other life change? Using credit cards or loans to make ends meet? Using payday loans? Unable to pay tax bills?

Knowing your options is the most important step in taking control of your finances and becoming debt free.

When you are experiencing financial problems, knowing the options available to you is crucial. The skilled and experienced Licensed Insolvency Trustees (previously referred to as a bankruptcy trustee) at Bromwich & Smith can provide you with the answers you need. We will walk you through the maze of financial situations and the solutions, and provide you with a clear picture of your options. We are here to find the best solution for your individual situation.


Did you know, a Licensed Insolvency Trustee is the only debt professional who can provide solutions that are legally binding on your creditors?


Depending on your financial situation, credit counselling and budgeting may be the answer to get your debt under control. In other situations, you may require the legal protection of a consumer proposal or a bankruptcy. When you contact Bromwich & Smith, not only do you benefit from receiving debt help from our professional Credit Counsellors, we are also 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 including proposals and bankruptcy that will legally bind them into the conditions of a settlement and immediately stop all creditor actions.

Believing In Your Future!
Our team of Credit Counsellors, Proposal Administrators and Licensed Insolvency Trustees in Drumheller and across Alberta can provide you with the guidance and debt solutions you need today. We've assisted thousands of individuals, couples and families eliminate their debt and get back on track for a debt free future. We can help you!

Avoiding bankruptcy in Drumheller

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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Drumheller Debt Help

If you are thinking about filing for bankruptcy or want to know what options are available to help you get out of debt, you probably have a lot of questions. That’s why your first step should be to contact Bromwich & Smith for your free initial consultation. For many people, this step is actually the hardest because they don’t know what to expect.


The good news is that these consultations are nothing to fear. Knowing what to expect at your first appointment will help you be more relaxed. It will also help better prepare you with the right questions for the trustee.


Your initial consultation will be a private meeting between you and a Bromwich & Smith Licensed Insolvency Trustee. This is completely confidential. Here, you will discuss the following:


A Thorough Review of Your Income and Assets

In order to decide the best option for you, the trustee will need to know your financial situation. Be prepared to tell the trustee your monthly income, if you have one. The trustee will also need to know what assets you own, such as a home, vehicles, investment accounts, and money you have in checking or savings accounts.


How Much Debt Do You Actually Have

The amount of debt you have will help the trustee determine what debt relief options are available to you. Your trustee will need to know how much you owe, to whom, and whether you are current on your accounts. Keep in mind, these are the total amounts you owe, not the monthly payments you’re making.


Review Your Available Debt Relief Options

Once the trustee has a clear picture of your financial situation and outstanding debts, he or she will be able to tell you what the best option for you is. This may not be bankruptcy. Your trustee might recommend financial counseling to help you learn how to better manage credit and your finances. Or, you may be eligible for a consumer proposal, which is an agreement to settle your debts for less than you owe.

If the trustee recommends you file for bankruptcy, you can be assured that it really is the best option for you. By law, trustees are required to tell you about all your available options.


Questions, Questions, Questions

During your initial consultation, the trustee will also answer any questions you may have about bankruptcy, your debt, or the process in general. Debt stress and seeking help can seem intimidating but it doesn’t have to be. We can help calm your fears and start you on the path to freedom from your debt.

Call Us. One Convenient Number for All Alberta Offices
1-855-884-9243 (ALBERTA TOLL FREE)
Convenient Drumheller Location - Please Call for Your Free Consultation

Local Offices Across Alberta. Click Here for Directory
Drumheller

59 Bridge Street

Drumheller, AB T0J 0Y0

Call: 1.855.884.9243 Alberta Toll Free
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One Convenient Number For All Alberta Offices

Call: 1.855.884.9243 (Toll Free)