What To Expect From Your Initial Consultation
During your in-depth phone consultation, using the information you have been asked to provide below, a Bromwich+Smith Debt Relief Specialist will take a detailed look at your financial situation with you. All debt relief options will be discussed to ensure you have the information you need to make an informed decision on which option is best for your situation. If a Consumer Proposal or Bankruptcy is recommended as your best option and you decide to proceed, an in-office appointment will be scheduled to enable you to sign the documents required to start the process.
Debt Relief Starts Today
Once a Bankruptcy or Consumer Proposal is submitted, relief is immediate. Starting right now, all creditor actions must stop. No more collection calls. Garnished wages and active legal actions will come to an end, and any frozen bank accounts are released. You are now on the road to rebuilding your worth. Bromwich+Smith is here to take the journey with you.
Preparing For Your Initial Consultation
IMPORTANT: Please provide all applicable documents below for your Initial Consultation.
To retrieve the INFORMATION FORM, please CLICK HERE.
Initial Consultation Documents Index
Information Form - Please fill this form in detail prior to your consultation
Stay of Proceedings(Section 69) Learn how a Consumer Proposal or Bankruptcy stops all creditor actions immediately.
Property of the Bankrupt - Exempt Assets (Section 67) In Bankruptcy, there are generous exemptions for many types of assets. Find out about your exemptions here.
Duties of the Bankrupt (Section 158) When you declare bankruptcy, there are certain duties that you must perform. Find out about your duties here.
Surplus Income Payment In Bankruptcy (Section 68) If your income exceeds the reasonable standard of living threshold set by the Office of the Superintendent of Bankruptcy, you may be subject to surplus income payments. Learn more here.
Trustee Report (Section 170) If you have been bankrupt before or if you are required to make surplus income payments, a Trustee Report will be required prior to you being discharged from bankruptcy.
Debts or Obligations Not Forgiven (Section 178) There are some debts and obligations that are not included in a bankruptcy or consumer proposal. Learn about these items here.
Co-signed Loans Find out what happens to a co-signed loan in bankruptcy, and the effect on the co-signers.
Debt Relief Options
At Bromwich+Smith it is our policy to explain all of the debt relief options to you to allow you to make an informed decision. We will guide you through each process and explain the pros and cons in detail to you.
A powerful alternative to bankruptcy, a Consumer Proposal stops all creditor actions and usually requires payment of only a % of original amount owed. No interest. One monthly payment for up to 5 years. Plus, a Consumer Proposal allows you to keep your assets.
To learn more about a Consumer Proposal, please watch this short and informative video.
Bankruptcy is always the last option considered when none of the other options are feasible. However, in some financial situations, bankruptcy could be your best option to eliminate debt and get you back on track to living debt free.To learn more about bankruptcy, please watch this short and informative video.
Contact Your Creditors
You contact your creditors directly, explain your difficulties and ask for some kind of temporary arrangement. Usually most successful when you haven't missed any payments and you have the ability to pay.
Debt Consolidation Loan
All debts are paid off by the loan provider and you make one monthly payment to that creditor. Requires repayment of debts in full and usually requires a good credit rating to qualify and proof of ability to pay.
Orderly Payment of Debts
Debt Management Plan