When your debt is piling up, it can become very difficult to break loose from your financial woes and you may not be in position to meet your financial obligations. However, there are bankruptcy trustees that are renowned for providing professional assistance and sound advice to clients having financial difficulties. The experts at these firms have knowledge and experience in handling a wide range of insolvency issues. Bankruptcy Trustees in Edmonton If you are constantly being haunted by debt, you can hire renowned bankruptcy trustees with a lot of expertise and experience in resolving different financial problems. These insolvency professionals are able to analyze your financial situation and recommend the option that is best suited for you. Whether you are declaring bankruptcy in Alberta or are in need of expert credit counselling in Edmonton, these firms have experts that can help. Their services include: 1. Credit and Debt Consultation Before opting for any insolvency option, it is quite important to involve experts who will analyze your situation before recommending the best solution or strategy to get you out of your debt or financial woes. The experts at these firms will explain to you all the available options, enabling you to make the best choice. You just need to contact their offices and they will book you in for free debt or credit consultation. They are renowned for providing the best credit counselling in Edmonton. 2. Consumer Proposals A consumer proposal is basically a debt repayment agreement that is negotiated with creditors through the help of a licensed bankruptcy trustee. It is a legally binding settlement that protects you from debt collectors or those creditors who may want to seize your assets or funds in order to recover whatever you owe them. This may involve an arrangement for partial repayment of the total debt or an extension of the repayment period and it is a great option for those people that want to avoid filing for bankruptcy, as it does not hurt your credit rating. 3. Bankruptcy Services If you are planning on declaring bankruptcy in Alberta, these experts can also help you through the filing process. Here, you may be required to surrender your assets to the licensed bankruptcy trustee who will be required to liquidate the assets in order to pay off your debts. This option will give you freedom from creditors, relieve you from your debt and enable you to begin from a clean slate. 4. Debt Consolidation Just in case you have several unsecured creditors or loans, combining them into one monthly payment can relieve you of your financial stress. Luckily, these experts can offer you reliable debt consolidation services, which will combine your several debts into one low-interest loan, which will reduce your chances of defaulting and hence, improve your credit score. These bankruptcy trustees can also help you through the entire process of credit and debt repair. Their aim is to ensure that you are out of debt, have a better credit score, and have regained your financial stability. They will keenly analyze your current financial situation before recommending the most ideal solution for you. These experts will also give you tips on how to avoid financial distress in the future.