Credit Card Debt Help | Bankruptcy | Debt Consolidation

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Local Offices Across Alberta.
Innisfail, AB 1.855.884.9243 (Alberta Toll Free)

Want to Eliminate Your Debt? We Can Help!

In Innisfail and across Alberta, Bromwich & Smith has helped thousands of individuals, couples and families eliminate their debts and start living debt free. We can help you too!

Debt problems? Debt Solutions!

No matter what the debt problem, there is a solution. But which solution is the best solution for your specific financial situation? Not all solutions are created equally, and choosing the right solution can make a significant difference in the end result. But not to worry. Bromwich & Smith can help. We have over 40 years of debt crisis experience, and will examine your financial situation with you, help you understand the different options and determine which solution fits your situation. Whether it be budgeting, credit counselling, debt consolidation, a consumer proposal or personal bankruptcy, we can help you make the right decision and start enjoying life debt free.

We Will:

-Conduct a detailed examination of your financial situation

-Consider all of the debt solution options available to you

-Administer all aspects of your debt solution

-Stop your debt stress and give you the tools to live debt free!

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

When you deal with Bromwich & Smith, you will be dealing with a Consumer Proposal Administrator and Licensed Insolvency Trustee, licensed and regulated by the provincial and federal governments. 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. We are bound by the highest in standards and legislation and you can be rest assured of receiving unbiased and highly skilled assistance.

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 Innisfail




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Innisfail Debt Consolidation

Legally Binding Debt Solutions

Did you know, the only two debt solutions that are legally binding on your creditors are a consumer proposal and a bankruptcy. So, once a proposal or bankruptcy is filed and accepted, as long as you live up to your part of the agreement, your creditors are legally bound to the negotiated conditions and can no longer take any further actions against you. All creditor actions and collection efforts will immediately stop, and you can get on with creating your debt free future. 

What is a Consumer Proposal?

In a consumer proposal, Bromwich & Smith will negotiate with your creditors and will determine how much of your debt will be paid. The negotiated amount is usually an amount lower then what you owed. Further, the amount you pay is based on what you can afford, not on what your creditors were demanding. All of your payments are then consolidated into one monthly payment, which you provide to your trustee, until the agreed upon amount is settled. Most consumer proposals last no more than 5 years.

Consumer proposal advantages include:
Collection calls, demand letters, wage garnishment and all other creditor actions are immediately stopped.
- You pay just one consolidated monthly payment based on what you can afford.
- Interest payments stop. All funds are applied directly to the amount owed.

You can keep your home and other assets.
- If your finacial situation improves, your payments can be increased, so as to complete your proposal earlier.

What is a Bankruptcy?

When you file for bankruptcy, your unsecured debts are eliminated, giving you a fresh financial start. You will likely have to part with some assists, but keep in mind, no one loses everything they own in a bankruptcy filing. Your trustee will help you determine which assets you will get to keep and which assets will need to be given to the trustee for sale. In Alberta there are exemptions for some assets that allow you to keep these assets in bankruptcy, or there may be a limit set which allows you to keep a portion of the proceeds from certain exempt assets. During your bankruptcy, a maximum earnings limit will be set. Any funds that you receive beyond this limit will be provided to your trustee for redistribution to your creditors.

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

In Innisfail and across Alberta, bankruptcy and consumer proposals have helped individuals, couples and families to eliminate their debts and regain control of their finances. A free consultation with a bankruptcy trustee at Bromwich & Smith is your first step. Your trustee will look at your finances and make recommendations based on your specific situation. Start creating your debt free!

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 1-855-884-9243 (ALBERTA TOLL FREE)
Debt Solutions In Innisfail - Please Call for Your Free Consultation

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One Convenient Number For All Alberta Offices

Call: 1.855.884.9243 (Toll Free)