High Rive Debt Consolidation - Debt Help - Bankruptcy Assistance

Problems With Debt? 
We Have Solutions.

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Convenient Location in High River. Local Offices Across Alberta.

19 3 Ave SE High River, AB Call:(403) 841-0011 

Overwhelmed By Debt? We Can Help!

Bromwich & Smith has helped thousands of people across Alberta and in High River gain control of their finances. We can help you too!

Where do you go from here?

The good news is, all debt problems do have a solution. However, not all debt solutions are created equally. That is where the skilled professionals at Bromwich & Smith can help. We will examine your specific financial situation and help you understand the differences between your options and determine which option is best for you. No matter what option is best, whether it be budgeting, credit counselling, debt consolidation, a consumer proposal or personal bankruptcy, we can help you through it.

We Will:

-Examine your financial situation with you.

-Review all of the debt solution options available to you.

-Find the solution that works best for your situation.

-Get you back on track to being debt free!
 


Are the debt solutions offered by Bromwich & Smith legally binding on creditors?

Absolutely! In fact, the only two debt options available in Alberta that are legally binding on your creditors are a consumer proposal or a bankruptcy. And the only debt professionals that have the legal authority to administer these two options are proposal administrators and licensed insolvency trustees (previously referred to as bankruptcy trustees).


When you deal with the professionals at Bromwich & Smith, you are dealing with a team that is licensed by both the provincial and federal governments as Consumer Proposal Administrators and Licensed Insolvency Trustees. This gives us the authority as an Officer 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.


Our programs offer:

-Immediate protection from your creditors.

-No fee payments from you. (We are paid through a government tariff).

-Forced settlements on all of your creditors .

-Monthly payments based upon what you can afford.

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 High River


  FREE INITIAL CONSULTATION

 
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High River Debt Consolidation

What is the difference between a Consumer Proposal and a Bankruptcy?

Before we examine the differences, let's focus on the important similarity between consumer proposals and bankruptcies ... both options are the only debt solutions that are legally binding on your creditors.

 


What is a Consumer Proposal?

A consumer proposal is a legal agreement between you and your creditors that settles your debts for a lower amount than what you owe. Bromwich & Smith negotiates an amount with your creditors that you can afford, based on your budget. You then make only one consolidated monthly payment to your trustee, until the agreed upon amount is settled. Most consumer proposals last no more than 5 years.


Consumer proposal advantages include:
-
All creditor actions, such as wage garnishment & collection calls stop immediately
-
Interest stops accumulating
-
You pay just one monthly payment based on what you can afford
-
You can keep your home and other assets


Is Bankruptcy the right choice for you?

With a bankruptcy, you will no longer be liable for your unsecured debts. You are given what can be called 'a financial fresh start'. Keep in mind, no one loses everything they own in a bankruptcy filing. Your trustee will help you determine which assets you’ll get to keep and which assets you will need to release to the trustee for sale. In Alberta there are exemptions for a number of items that allow you to keep these assets in bankruptcy, or a set dollar amount of some assets are also exempt.


Advantages of Bankruptcy Include:
- Most of your debts are completely eliminated

- All debt collection against you stops immediately

- You can start rebuilding your credit right away

- Your finances are given a fresh start


In High River and across Alberta, bankruptcy and consumer proposals have helped many Albertans eliminate their debts and regain control of their finances. A consultation with a Licensed Insolvency Trustee at Bromwich & Smith is your first step. Your trustee will look at your finances and make recommendations based on your specific situation. You can be confident, we will find the solution that is the best option for you. Call us today!

Debt Solutions In High River - Please Call for Your Free Consultation

Local Offices Across Alberta. Click Here for Directory
High River

19 - 3 Avenue SE

Call:(403) 841-0011
Send us an email

Bromwich & Smith Inc BBB Business Review

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Convenient High River Office

19 - 3 Avenue SE

High River, AB

Call:(403) 841-0011
Send Us An Email

Click Here For Local Offices Across Alberta