Bromwich & Smith Trustees in Bankruptcy, Inc., 587-333-7891
2111 36 Street NE, Calgary, AB, T1Y 5S3 EmailEvaluationMore Info/Map
Bromwich & Smith, Inc., 587-333-7892
Calgary South (by appointment only) Fish Creek Executive Centre, Suite 205, Office 255, 259 Midpark Way SE, Calgary, AB, T2X 1M2 EmailEvaluationMore Info/Map
Bankruptcy Calgary: Learn more about Bankruptcy Calgary and how it can help you! Are you struggling with your finances? Are you carrying a load of debt that you feel is uncontrollable? Our BankruptcyCalgary trustees promise that they will work hard to help find the best solution for helping you get out of debt and get your finances on track so you can have a successful future with your finances always under your control. Have you been considering filing bankruptcy, making a consumer proposal, or another debt relief alternative to your creditors to deal with your debts?
Bankruptcy Calgary – Services provided by our Trustees:
If that is the case you should be aware of all of the professional services that are available. Bankruptcy Canada has many professional bankruptcy Calgary trustees that are available to offer free and confidential bankruptcy consultations to discuss all the debt relief options that are available to you. Once the trustee fully understands your unique financial challenges they can present you with the best course to handling your debt. In some cases you can avoid bankruptcy, but in other cases there might be no alternative other than bankruptcy. In that case the trustee can explain the bankruptcy process to you. The bankruptcy law was written to allow people facing money challenges to have a chance for a fresh start. You can even keep your assets in the vast majority of cases. Bankruptcy was designed to give a fresh start and your debts can be wiped out in as little as 9 months. In rare cases a bankruptcy may last 21 months, but only in rare cases such as you have had a previous bankruptcy or you have excess income.
Bankruptcy Calgary – How you are protected when dealing with our Trustees:
The Calgary trustees are all members of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) and therefore subject to the highest ethical standards to follow. Trustees are regulated by the government so it will cost the same no matter which trustee you use. As soon as a bankruptcy or consumer proposal is filed a Stay of Proceedings goes into effect, which prevents your unsecured creditors from taking any collection action. Collections calls stop. Interest stops accruing and wage garnishees in place or contemplated are stopped.
Our team strives to provide exceptional, friendly and approachable service to any person struggling with the stresses and challenges of debt. If you live in the Calgary area you can contact one of our offices for assistance. Our skilled trustees have the expertise to guide you through a challenging financial situation. They are understanding, caring and friendly debt relief professionals.
You can meet with the trustee in one of our offices or you can discuss your debts in an initial consultation on the phone. Our expertise can guide you through your debt issues. Whether you go bankrupt, make a proposal, or can avoid bankruptcy with the help of the trustee, they will work closely with you to provide an affordable solution to your financial issues.
Bankruptcy Calgary Steps
The steps to filing bankruptcy in Calgary are briefly:
Select a Trustee and schedule a confidential evaluation;
If you decide to go ahead with filing bankruptcy, the trustee will prepare the paperwork necessary to file bankruptcy and submit the signed forms with the Office of the Superintendent of Bankruptcy (OSB);
Once the paperwork is filed with the OSB you are officially bankrupt and you won’t make payments on your unsecured debts or be contacted by your creditors;
At the second month of your bankruptcy you will be required to attend a financial counselling meeting with your trustee;
Each month of your bankruptcy you will be required to report your income and expenses to your Trustee and make the necessary payment (usually $200 a month);
You will be required to attend a second financial counselling session near the end of your bankruptcy;
If you complete all your duties you will receive an automatic discharge from your bankruptcy in 9 months.
After your discharge your included unsecured debts will be eliminated.
All Trustees are the most educated and well trained debt relief professionals. Only a Licensed Insolvency Trustee (previously known as a “bankruptcy trustee”) is regulated and federally licensed.
This means that only a Trustee can provide all debt relief solutions such as bankruptcy and making a consumer proposal.
Only a Trustee can make a legally binding agreement with your creditors to pay less than you owe.
If you are a Calgary resident and are worried about your finances, overdue bills, wage garnishments and collection calls, you should probably seek help with your debt problem sooner rather than later. We are friendly, caring and knowledgeable.
Almost everyone who comes to see us says their only regret is not coming to see us earlier. Filing bankruptcy or making a proposal to your creditors can help you end the debt stress, get a fresh financial start and save for the future.