Tag Archives: Consumer Proposals


Financial Tips for a Sweet Valentine’s Day

Let cupid aim at your heart, not your wallet!


Click the infographic to enlarge.

To meet with a representative for a free, confidential consultation in one of our 15 BC offices, please contact us.


Ask the Trustee – January Edition

Licensed trustee Blair Mantin answers your questions about how to manage debts, including options such as Credit Counselling, Consumer Proposals and Bankruptcy in BC! 

Q: What should people do first when they find themselves overwhelmed by debt?

A:  Here are some key facts to keep in mind if collectors are calling and you’re not sure what to do:

  • It should never cost you money to figure out your debt restructuring options. Don’t pay up-front fees to ANY advisor – you should be able to have a free, in-person consultation.
  • Be careful dealing with unregulated credit counselors and debt advisors. Only a government-licensed Trustee has the legal authority to reduce all consumer debts and help you restructure.
  • Consider a Consumer Proposal as an option to reduce the debt to what you can afford to repay, stop all interest and collections, and get you back on track.

Sands & Associates has been helping people become debt-free in BC for 25 years.

To find out more about your debt options, call us at 1-800-661-3030 or contact us here to arrange for a free, confidential consultation.


Sands & Associates Receives Consumer Choice Award

Sands & Associates is pleased to announce that we have been selected as the Consumer Choice Award winner for the fourth consecutive year, in the category of Bankruptcy Trustees in British Columbia’s lower mainland.

Consumer Choice Award was established in 1987 and remains the only organization in Canada to conduct statistically accurate independent market research surveys to determine brand reputation, customer satisfaction and business excellence. Consumer Choice Award’s sole purpose is to recognize business excellence for small and medium sized businesses.

We would like to take this opportunity to extend our sincere thanks to our staff and BC communities we are proud to serve, as this award would not be possible without your continued support.

With over 25 years of experience, Sands & Associates is BC’s largest firm of Credit Counsellors, licensed Proposal Administrators and Bankruptcy Trustees focused exclusively on assisting individuals and small businesses achieve their “debt free” goals.

To meet with a representative for a free, confidential consultation in one of our 15 BC offices, please contact us.


Blair Mantin Debunks Bankruptcy Myths on CTV Morning Live

Sands & Associates Vice-President and Licensed Insolvency Trustee Blair Mantin appeared as a guest on Vancouver’s CTV Morning Live segment last week, debunking some common myths around bankruptcy.

As Blair explains, quite often misgivings about bankruptcies are due to misunderstandings about the process.  Blair shares some common misconceptions:

Myth:  Bankruptcy is a very public process and a person’s employer always notified.
Fact:  For most bankruptcies, only the creditors, the Trustee, the Office of the Superintendent of Bankruptcy and the person filing are aware of the proceedings.

Myth:  Bankruptcy doesn’t cover government debts like taxes and student loans.
Fact:  Even government debts such as income taxes, GST, student loans and MSP can be released under a bankruptcy or consumer proposal.

Myth:  Bankruptcy will prevent a person from getting credit in future.
Fact:  It’s often possible to re-establish credit within 2-3 years if you follow the right steps.

Myth:  A person will lose all their assets if they file for bankruptcy.
Fact: Most people keep all of their assets following bankruptcy.

Myth:  There are no government-legislated options besides personal bankruptcy.
Fact:  A consumer proposal is an option that can be used to stop interest, reduce amounts owing, and work out an affordable payment plan.  A consumer proposal can only be filed by a licensed Trustee and is a relatively unknown, yet extremely powerful way of restructuring your financial affairs.

Make 2016 your year of financial freedom!  To meet with a representative for a free, confidential consultation in one of our 15 BC offices, please contact us.


A 4-Step Kick-Start for your New Year Finances

Check out our newest infographic – A 4-Step Kick-Start for your New Year Finances!


Click the infographic to enlarge.

To meet with a representative for a free, confidential consultation in one of our 15 BC offices, please contact us.


Vancouver Real Estate Debate – The Province Reports

Ever a hot-topic, the speculation over Metro Vancouver’s real estate market is sure to carry into 2016.  As CMHC tightens rules around down payments required, housing prices continue to soar in Vancouver – as do Canadian debt levels.

Recent reports say that the average Canadian now owes $1.64 of debt for every dollar of wages and that many at-risk borrowers call BC home, among staggering housing costs.  As Sands & Associates Vice-President and Trustee Blair Mantin cautions, foreclosure rates may rise in the future.  “For me the horse is already out of the barn,” Mantin said. “It’s too late, but I hope (CHMC mortgage tightening) will stop some people from jumping on the property ladder simply because they think they’ll be priced out.”

To read the full article please click here.

Become debt-free in 2016 – contact us today for a free, confidential evaluation of your options.