Hanna Declaring Bankruptcy | Debt Help | Credit Counselling

Problems With Debt? 
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Ask Us Your Questions. Free Consultation. 

Convenient Hanna Office. Local Offices Across Alberta.
401 Centre Street  Hanna, AB  Call: 1.855.884.9243 (Alberta Toll Free)

Debt Problems? Debt Solutions!

Bromwich & Smith has helped thousands of people across Alberta gain control of their debt. We can help you too!

Our professional counsellors, proposal administrators and licensed insolvency trustees 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!

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
 -Help you start saving again for your future, because that's what we believe in!

Being debt free isn't a dream. It can be your reality. Bromwich & Smith in Hanna is here to help you start your debt free tomorrow...today!

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 Hanna




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Hanna Debt Consolidation

Did you know, bankruptcy and consumer proposals are the only two solutions to debt that are legally binding on your creditors? How do you determine which one is right for you?

Should you choose a Consumer Proposal?

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

Consumer proposal advantages include:

Collection activity, such as wage garnishment & collection calls stop immediately
Interest stops accumulating
You pay just one monthly payment
You can keep your home and other assets

Is Bankruptcy the right choice for you?

With a bankruptcy, unsecured debts are eliminated and you will no longer be liable for them. When you file bankruptcy, you are required to surrender non-exempt assets to your trustee. Your trustee then arranges for the selling of these assets and uses them to pay off your debts. 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 turn over. 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.


Despite the negatives often associated with bankruptcy, a bankruptcy does provide a number of advantages. These 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 Hanna and across Alberta, bankruptcy and consumer proposals have helped many people relieve their debt problems. 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 situation. You can be confident, we will find the solution that is the best option for you.

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

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401 Centre Street Hanna, AB T0J 1P0

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)