The document discusses five alternatives to bankruptcy for dealing with debt in Calgary: negotiating with creditors, downsizing expenses, financial counseling, debt consolidation, and consumer proposals. It recommends contacting the licensed bankruptcy trustees at Bromwich and Smith for a free initial consultation to review and discuss options.

1. Calgary Bankruptcy
Solutions

2. The prospect of filing for bankruptcy in Calgary
can be a scary one.
It is possible to get your debt under control
without filing for bankruptcy.
Here are five solutions to bankruptcy that you
might want to consider.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

3. Negotiating
Ultimately, your creditors just want to
get paid.
Try your hand at negotiating lower
interest rates or different payment
terms.
You might be surprised by the
results.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

4. Downsizing
Even small changes in your lifestyle
can make a difference in your budget
You might want to consider:
• eliminating pricey subscriptions
• canceling unnecessary memberships
• carpooling
• swapping services, i.e. take turns babysitting with a friend a to
reduce costs
• only buying what’s on sale (and use your coupons!)
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

5. Financial Counseling
If you haven't ever learned how to
properly manage your funds, all
the trimming in the world won’t
help.
Professional advice will take you
far in learning how to manage that
budget you’ve worked so hard to
build.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

6. Debt Consolidation
Consolidating your debts into one
monthly payment can be a great way to
reduce your monthly expenses.
But if you don’t manage your money
properly, you can end up in a worse
financial situation than before.
This is where credit counseling can
really help
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

7. Consumer Proposal
A consumer proposal is a legal
agreement between you and your
creditors.
A proposal allows you to pay back
a reduced amount over a period of
no more than five years.
A bankruptcy trustee can help
determine if you qualify.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

8. There are alternatives to bankruptcy.
To review and discuss your options with a
trusted professional, contact a licensed
bankruptcy trustee at Bromwich and Smith.
Your initial consultation will be free of charge.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca