Solutions for Serious Debt

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mwich & Smith: 1-866-353-6726 inquiries@solvingdebt. Solutions for Serious Debt Problems

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Are you struggling with debt in Alberta? You do have options. Debt consolidation, consumer proposals and bankruptcies are a few of the solutions to serious debt you might have access to. Contact a licensed trustee in bankruptcy for help.

Transcript of Solutions for Serious Debt

Page 1: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Solutions for Serious Debt Problems

Page 2: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Are you experiencing financial difficulties?

If you’ve already done what you can to cut expenses, what can you do next?

Page 3: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Debt Consolidation

What is debt consolidation?

Taking out one larger loan to pay off multiple smaller, high interest rate loans or credit cards

Page 4: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Debt Consolidation

Benefits of debt consolidation

•Lower interest rate•Lower monthly payment•Single Creditor

Page 5: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Consumer Proposal

What is a consumer proposal?

A legal agreement between you and your creditors that allows you to pay back yourdebt at a reduced rate over a pre-determined amount of time

Page 6: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Consumer Proposal

Benefits of a consumer proposal

•Regular monthly payment you can afford•You can keep your assets•You are debt free at the end of your

consumer proposal

Page 7: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Bankruptcy

What is bankruptcy?

Bankruptcy is a legal process that can provide financial relief to honest debtors that cannot pay their debt.

Page 8: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Bankruptcy

Benefits of bankruptcy

•Provides a fresh financial start•No one loses everything•You can begin rebuilding credit

immediately upon completion•Most bankruptcies are discharged within

nine months

Page 9: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

Where should I go for help?

A licensed trustee in bankruptcy will review your finances in detail and make a recommendation based on your uniquesituation.

Your trustee will be able to help you with any debt solution you choose.

Page 10: Solutions for Serious Debt

Bromwich & Smith: 1-866-353-6726 [email protected]

If you have questions or are struggling with debt, call to schedule a free consultation with a licensed

bankruptcy trustee in Alberta, or visit us at

www.solvingdebt.ca