Filing a Consumer Proposal consists of the following four key steps:

• 1 Call (604) 310-0911 to meet with Sands & Associates for a free consultation.

  We’ll assess your financial situation and discuss all the options available to resolve your debts.

  Together, we will determine a payment schedule that works for you over the term of the proposal

• 2 We file your proposal and administer the voting process (60 days total).

  Creditors have 45 days to consider the proposal. A meeting of creditors may be called to discuss details of the proposal

  If a majority of creditors (by dollar value) vote to accept the proposal, and no creditor objects, your proposal is accepted and is legally binding on all parties

• 3 The terms of the proposal, as acceped by the creditors, are executed.

  Make regular (usually monthly) payments to the Trustee for distribution to creditors (proposal can be paid in full at any time).

  Attend two financial counselling sessions.

• 4 The proposal is completed, achieving final settlement of your debts.

  After your last payment, the Trustee will make a final distribution to your creditors and issue you a Certificate of Full Performance

  You are now free from an unmanageable debt burden and have achieved a financial fresh start!