Bromwich+Smith

Bromwich+Smith: regulated insolvency solutions in Canada

Bromwich+Smith is a Licensed Insolvency Trustee operating in Canada, offering exclusively government-regulated debt relief options. The firm presents itself as an alternative to the less reputable or predatory services often encountered by those seeking financial help. With more than 20 years of experience, it has assisted tens of thousands of Canadians in recovering their financial stability.

Consumer proposals: a regulated alternative to bankruptcy

A consumer proposal is a regulated option that allows you to avoid bankruptcy. According to the firm, this mechanism can reduce debt by up to 80%, let you keep your assets, set a monthly payment based on your ability to pay, and stop interest, penalties, and collection calls. Bromwich+Smith states that the acceptance rate for the consumer proposals it files reaches 99%, one of the highest in the industry.

Bankruptcy: a legal reset when debt is unmanageable

When debt becomes unmanageable, bankruptcy offers a legal reset. Through this federal process, debts are legally discharged, usually within nine months. Creditors cannot refuse bankruptcy, and there is no maximum debt limit to qualify. The firm administers this process as part of its regulated solutions.

Debt consolidation and payment calculator

Debt consolidation allows you to combine multiple debts into a single monthly payment. Bromwich+Smith notes that it offers consumer proposals, a government-regulated process with benefits that consolidation loans do not provide. In addition, the firm provides a debt repayment calculator to compare the impact of different options over time.

Firm profile and customer care

With more than two decades in operation, Bromwich+Smith has helped tens of thousands of Canadians rebuild their financial stability through regulated solutions. The firm emphasizes that every case is unique, but the results are consistent, with high completion rates. Its approach is based on empathy and understanding the emotional impact of financial difficulties, offering a supportive space without judgment. During the initial consultation, which is free and confidential, each option is explained in plain language, questions about payments, timelines, and impact are answered, and a realistic and manageable path forward is mapped out.

Team and consultation process

The Bromwich+Smith team consists of Licensed Insolvency Trustees and support staff. The firm stresses that plans are built with the client, not for the client, and that guidance accompanies every stage of the process. The first conversation is presented without pressure or judgment, with the goal of understanding the current situation and the goals for change. All solutions are administered by Licensed Insolvency Trustees and regulated by the federal government to ensure debtor protection.

Resources and financial advice

In addition to its core services, Bromwich+Smith publishes personal finance advice articles, such as budgeting for back-to-school or getting your finances organized before the holidays. It also offers resources such as a debt repayment calculator and the ability to request the addition of a creditor or a creditor package.