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Bromwich+Smith Licensed Insolvency Trustees helping you through your debt relief journey.
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Incorporated in 2002, we serve our clients through offices and staff located in British Columbia, Alberta, Saskatchewan, Ontario and Manitoba. As Licensed Insolvency Trustees, we are the exclusive provider of Consumer Proposals to Canadians seeking debt restructuring. A Consumer Proposal is a forced settlement on creditors that allows a citizen to pay back a portion of their debt on a payment schedule defined by their budget.

10/09/2026

I used to lie awake running numbers that never added up.

One call to Bromwich+Smith changed that. Here's what my first month in a consumer proposal looked like:

1. One manageable monthly payment.

2. The collection calls stopped almost immediately.

3. I finally have room to breathe.

Compassionate advice is just a call away. Learn more at: www.bromwichandsmith.com

When your mortgage renewal notice arrives with a higher interest rate, the panic is immediate: “How am I supposed to aff...
10/07/2026

When your mortgage renewal notice arrives with a higher interest rate, the panic is immediate: “How am I supposed to afford this payment increase?”

For most homeowners, the mortgage payment isn't the whole problem, it just exposes a much larger one.

The real struggle isn’t just covering the mortgage; it’s trying to keep up with the mortgage on top of credit cards, lines of credit, and rising living costs. When renewal pushes your housing payment up by hundreds of dollars, the monthly margin you were using to juggle all those other balances disappears.

That’s when people start considering drastic moves: borrowing from high-interest lenders, draining RRSPs, or putting up a 'For Sale' sign.

Before you sacrifice your savings or sell your home, step back and look at your legal options.

Instead of letting debt jeopardize your home, a consumer proposal can legally restructure and reduce what you owe on unsecured debts, freezing interest and significantly lowering your monthly non-mortgage payments so you can actually afford your new mortgage term. And if the numbers simply don't balance, bankruptcy is another option that provides immediate legal protection to eliminate qualifying unsecured debt, preventing you from draining your future to pay for the past.

You don’t have to make a panic decision at renewal time.

Before you borrow more, tap into your savings, or list your home, get the full picture. Book your free, private consultation with a Licensed Insolvency Trustee: www.bromwichandsmith.com

“Can I keep my house if I file for bankruptcy?” It’s one of the most common questions we hear from homeowners facing ove...
10/06/2026

“Can I keep my house if I file for bankruptcy?” It’s one of the most common questions we hear from homeowners facing overwhelming debt.

When payments become unmanageable, the immediate instinct is often: should I sell my house to pay off debt?

The common assumption is that selling your home means the debt is solved. But the reality is rarely that simple. After real estate commissions, legal costs, moving expenses, support payments, and settling secured lines of credit, there may be very little equity left over to actually eliminate the debt you owe.

Before selling your biggest asset, understand all your options.

As Licensed Insolvency Trustees, we help you evaluate legal paths to protect your home.

+ Consumer Proposal: In many cases, you do not have to sell. A proposal allows you to negotiate to repay only a fraction of your unsecured debt at 0% interest, keeping your home while making one affordable monthly payment.

+ Bankruptcy: Provincial exemption laws protect a certain amount of home equity. If your equity falls within those limits and your mortgage remains in good standing, you may still keep your property.

A free assessment shows what selling would leave you with, and what other options exist first.
Learn more at : https://www.bromwichandsmith.com/blog/everything-you-need-to-know-about-bankruptcy-in-canada-and-whether-it-might-be-right-for-you/

"Moving home wasn't the hardest part. Admitting I needed financial help was."Moving home after a job loss? You're not al...
10/02/2026

"Moving home wasn't the hardest part. Admitting I needed financial help was."

Moving home after a job loss? You're not alone.

Job loss doesn't just affect income. It can affect debt. If you're worried about both, we're here to help.

Reducing rent or housing costs can free up cash flow after a job loss, but what about the debt that's already there? Many people continue struggling financially because of debt that built up before they moved home.

Lowering expenses is one part of the solution. Understanding your options for managing debt is another.

At Bromwich+Smith, we walk you through federally regulated debt relief solutions tailored to your situation:

+ Consumer Proposal: Negotiate to pay back only a portion of your unsecured debt with zero interest, rolled into one manageable monthly payment while protecting your assets.

+ Bankruptcy: Gain immediate legal protection from creditors, stop collection calls, and wipe out eligible debt for a clean financial slate.

Learn about your options and take the next step with confidence.

For more information : https://www.bromwichandsmith.com/blog/difference-between-bankruptcy-and-consumer-proposal/

Sometimes credit is the only choice available. And that’s okay.​When life happens, using credit cards to keep things run...
09/28/2026

Sometimes credit is the only choice available. And that’s okay.​

When life happens, using credit cards to keep things running is often a necessity, not a preferred choice.​

The key is making sure that a temporary bridge doesn't turn into a permanent financial solution. ​

Here are 3 practical steps to managing emergency expenses:​

1. Isolate the charge​
If possible, put the emergency expense on a specific credit card and freeze any new spending on it. Keeping emergency debt separate from groceries and daily expenses helps you monitor your progress and stay focused on repaying the balance.​

2. Pay more then the minimum​
Even adding $15 to $25 above your monthly minimum payment can go directly toward the principal balance, helping you pay off the debt faster while reducing the amount of interest you'll pay over time.​

3. Set a deadline to re-evaluate​
Set a timeline for paying off that specific balance. When the debt is cleared, reassess your budget and redirect those funds toward your emergency savings goals instead.​

Using credit in an emergency gets you through the day. Having a recovery plan protects your financial future.​

Carrying credit card balances that feel impossible to pay down? Explore your debt relief options with a free consultation today: www.bromwichandsmith.com

Sometimes using credit more regularly becomes necessary to navigate monthly expenses. But without a strategy, short-term...
09/25/2026

Sometimes using credit more regularly becomes necessary to navigate monthly expenses. But without a strategy, short-term relief can quickly turn into long-term financial strain.​

Here are 3 rules for using credit intentionally when you have no other choice:​

1. Try to keep your balance low​
Credit utilization (how much of your available credit you’re using) can impact your credit score. In general, the lower your balance, the better. While keeping your balance below 30% of your credit limit is often recommended, it isn’t always possible. If your balance is running high, focus on creating a plan to gradually reduce it over time.​

2. Make payments before your statement closes​
Paying down your balance before your statement date can help keep your reported balance lower, which may help your credit score.​

3. Give every dollar a purpose​
If you need to rely on credit temporarily, decide in advance what expenses it will cover. Sometimes using credit for everyday purchases is unavoidable, but it’s important to have a plan to repay it.​

Using credit strategically can protect your financial health until you're back on solid ground.​

Is credit card debt starting to feel unmanageable? Book a free, confidential consultation to see how we can help: www.bromwichandsmith.com

Rebuilding your credit after a consumer proposal or bankruptcy is be an important step toward getting your finances back...
09/23/2026

Rebuilding your credit after a consumer proposal or bankruptcy is be an important step toward getting your finances back on track. ​

If you’re considering a secured credit card, it’s worth looking beyond whether you’ll be approved.​

Before signing up, run through this quick checklist:​

1. Dual-Bureau Reporting​
In Canada, lenders check Equifax and TransUnion. It's worth asking if your credit card issuer will report to both before applying. ​

2. No High Setup Fees​
High application fees or monthly costs will only slow down your progress. Stick to straightforward cards with low annual fees ($0–$50).​

3. Start with an Affordable Deposit.​
Your credit limit is based on the deposit you provide. Pick an amount you can afford without impacting your everyday expenses.​

4. An Upgrade Path​
The goal of a secured credit card is to eventually stop needing one. Look for issuers that regularly review your payment history to refund your deposit and transition you to a standard card.​

Rebuilding your financial life isn't about taking huge risks—it's about making small, deliberate moves that protect your future.​

Want a clear, zero-judgment roadmap to reset your debt? Book a free consultation with our team today: www.bromwichandsmith.com

What is a secured credit card, and why is it the best tool for rebuilding your credit? When you're recovering from finan...
09/21/2026

What is a secured credit card, and why is it the best tool for rebuilding your credit?

When you're recovering from financial hardship or if you're in a consumer proposal, getting approved for a traditional credit card can be tough. That’s where a secured credit card comes in as a powerful stepping stone.

- How it works: You provide a refundable cash deposit to the credit card provider upfront . That deposit sets your credit limit.

- Why secured cards are a good rebuilding tool: Since your deposit acts as security for the credit card provider, approval is typically based less on your past credit score. This can make a secured credit card a practical option for rebuilding credit.

- How it builds your score: To credit reporting agencies like Equifax and TransUnion, a secured card is reported identically to a traditional unsecured card. When you use it for small purchases and pay the balance on time, it logs positive payment history on your file every month. This helps increase your score.

- Getting your deposit back: Once you’ve established a track record of responsible payments, many institutions will refund your deposit and transition you to a standard unsecured credit card.

Rebuilding your credit doesn't require complex strategies, just small, consistent steps in the right direction.

Learn more about how a consumer proposal helps you reset and rebuild: https://www.bromwichandsmith.com/blog/what-is-a-consumer-proposal-this-debt-relief-option-is-the-main-alternative-to-bankruptcy/

What actually happens to your credit score during and after a bankruptcy? ​One of the most common myths about a bankrupt...
09/18/2026

What actually happens to your credit score during and after a bankruptcy? ​

One of the most common myths about a bankruptcy is that it permanently damages your financial standing. In truth, a bankruptcy gives you a structured, predictable timeline to payoff debt and regain long-term financial control.​

If keeping up with credit card payments is keeping you trapped in debt, a bankruptcy offers a clear path back to financial stability.​

Explore how a bankruptcy can help you rebuild: https://www.bromwichandsmith.com/blog/what-is-bankruptcy/

Borrowing money is a bridge, not a budget plan. When debt starts to feel overwhelming, taking out a consolidation loan, ...
09/16/2026

Borrowing money is a bridge, not a budget plan.

When debt starts to feel overwhelming, taking out a consolidation loan, using a line of credit, or moving balances around can feel like progress. But there’s an important difference between shifting debt and actually reducing it.

- Restructuring debt means re-organizing what you owe. It can simplify your payments or lower your interest rate, but you're still responsible for repaying the full debt balance

- Reducing debt through a consumer proposal means lowering the actual amount you owe and freezing interest so you can become debt free.

- Sometimes, repaying most of your debt simply isn't realistic and you need a fresh start. That's where a bankruptcy comes in. Most of your debts are eliminated, and your program can be completed in as little as nine months.

If borrowing funds is being used as a temporary patch to cover daily expenses or juggle existing bills, it might be time to look at solutions like a consumer proposal or bankruptcy which will actually reduce your overall financial burden.

Whether you need to restructure your payments or explore other debt relief options, having clear information is the first step.
Book a free, confidential consultation to explore your best path forward: www.bromwichandsmith.com

Address

Multiple Locations Throughout British Columbia, Alberta, Saskatchewan, Manitoba And
Calgary, AB
T2P3T6

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 5pm
Saturday 8:30am - 5pm

Telephone

+18558849243

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