Assess

Review Your Financial Situation

Worried about your debts?
You're not alone.

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Plan

Understand Your Debt Resolution Options

Knowledge is power.
Start planning your debt-free future.

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Take Charge

Achieve Your Financial Freedom

Reclaim your finances and your life!
A financial fresh start awaits you.

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GET A FINANCIAL FRESH
START

Book your free consultation with one of our experts and start living a debt free life.

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We Can
Cut Your Debt
by up to 80%

Assess

Review Your
Financial Situation

Worried about your debts?
You're not alone.

Learn More

Plan

Understand Your Debt
Resolution Options

Knowledge is power.
Start planning your debt-free future.

Learn More

Take Charge

Achieve Your
Financial Freedom

Reclaim your finances and your life!
A financial fresh start awaits you.

Learn More

You offer help but also in a way that felt like I still had my dignity. I’m so grateful. Thanks for everything.

I have filed my taxes on time, paid my GST on time, paid my secured visa on time, paid myself on time and I am now working towards a secured line of credit for my business account. I even have a savings account that I make regular deposits into and I am going on my first holiday that is actually paid by cash (no credit card debt). Things are so clear now that the future goals are really believable and attainable.

Thank you for all your assistance in helping me through this process.  I was foolish, impulsive, and was immature to not be able to see the dangers of living beyond my means.  This journey was actually a blessing in disguise – I have learned a lot about myself through these 21 months

Working with you literally brought light back into my life. And you are so great at being direct and effective in how you give information and communicated in ways that I can understand and not make me feel stupid – money business can often be full of jargon and make your head spin.

I am thankful that on top of the basic living expenses, I don’t have to worry about credit card debt and I have no regrets about filing for bankruptcy.

SANDS & ASSOCIATES

IN THE MEDIA

CALCULATE YOUR DEBT OPTIONS Enter your total amount of debt (excluding your mortgage and car loan) and we’ll send you a list of options.
Are creditors harassing you? Are the endless phone calls and collection letters causing you stress? Are you living on your credit cards? Are you unable to maintain your minimum payments? Are you being pursued for government debt? If you answered "yes" to any of these questions, you are not alone. In the twelve-month period ending July 2016, more than 66,000 Canadians were in the same financial position and found relief by seeing a Licensed Insolvency Trustee and filing personal bankruptcy. Another 57,000 Canadians settled their debt management problems by filing a consumer proposal.

If you are not a resident of British Columbia, more information is available about bankruptcy in Canada.

No matter what the cause of your financial difficulties, the Bankruptcy and Insolvency Act does not restrict a person from filing personal bankruptcy or making a consumer proposal. For example, you could be in financial trouble due to the loss of employment, a divorce, a leaky condo, medical problems, gambling, substance abuse, or poor money management. Regardless of the reason, filing personal bankruptcy or making a consumer proposal to your creditors is based upon your unique individual circumstances and is ultimately your personal decision. In BC, both of these remedies can only be filed by utilizing the services of Licensed Insolvency Trustees. At Sands & Associates, our Licensed Insolvency Trustees understand that most people file into bankruptcy or make a consumer proposal to creditors because of unfortunate circumstances, and we will guide you through this difficult time. 

Personal bankruptcy or a consumer proposal to creditors can provide shelter from the financial storm. Each will stop virtually all legal proceedings, garnishees, and phone calls from your creditors. These legal remedies provide a fresh start by pardoning your debts including credit card debts, lines of credit, legal bills, utility bills, medical bills, automobile insurance, judgments, government debts, etc. A Licensed Insolvency Trustee can help you understand the relative merits of each of these debt management options within BC. 

At Sands & Associates, we make filing personal bankruptcy or making a consumer proposal to creditors simple. We will arrange for a free initial consultation with one of our knowledgeable staff to discuss your financial status, and help you to determine whether bankruptcy or a proposal to creditors is the right choice for you.

Should you choose to file personal bankruptcy or make a consumer proposal to your creditors, we will process the necessary paperwork, arrange for possible meetings with creditors, provide two credit counselling sessions at our convenient offices located in Vancouver, Burnaby, New Westminster, Richmond, Surrey, Langley, Coquitlam, Maple Ridge, White Rock, Abbotsford, Chilliwack, Victoria, Nanaimo, Kamloops and Kelowna. 

After you have filed personal bankruptcy or a consumer proposal, you are required to perform your duties as outlined in the Bankruptcy and Insolvency Act. Some of the duties in a personal bankruptcy include keeping the Licensed Insolvency Trustee informed of your current address, declaring your monthly income and expenses for a minimum of nine months, attending two credit counselling sessions, and paying the Licensed Insolvency Trustee an amount that is dependent upon your income and the assets that you own. 

If this is your first personal bankruptcy, the earliest that you will be eligible for your discharge is nine months after your date of filing. A discharge from bankruptcy means that your debts will be eliminated and your creditors can no longer pursue you for the outstanding amount owed. It provides peace of mind and a chance for a fresh financial start. 

If you choose to make a consumer proposal to your creditors and if the creditors and the court accept it, the contract is binding between you and the creditors. A certificate of completion, which discharges your indebtedness, will be given as long as you meet the terms of the contract and remit the appropriate funds or assets to the Licensed Insolvency Trustee.