How to Deal with Debt with Bromwich + Smith

How to manage debt with Bromwich and Smith Rick Hamilton of Bromwich and Smith explains what a licensed insolvency trustee is.

VANCOUVER — Dealing with debt can be emotionally draining and challenging.

There are so many financial services offered that people can often feel confused on where to turn.

When dealing with insurmountable debt, some options people consider include consolidation loans, help from loved ones and negotiating with creditors directly.

People with a lot of debt may not know they have the right to a consumer proposal or bankruptcy. That can feel like terrifying territory to navigate.

However, that is where the role of a Licensed Insolvency Trustee comes into play.

A Licensed Insolvency Trustee is the only professional that is authorized to govern consumer proposals and bankruptcies.

LITs go through extensive training and all their activities are regulated by the federal government.

They are the only ones able to provide a legal binding solution between Canadians and their creditors.

In many cases an LIT can help people protect their assets and find solutions that result in Canadians paying back less debt than they owe.

Bromwich + Smith offers free consultations and has a team of debt relief specialists that offers unbiased and non-judgmental help.

No matter how complicated a financial situation is believed to be, its LITs are able to explore all available personalized options.

They're also available virtually for free consultations.