When you need a plan to deal with your debts a Licensed Insolvency Trustee (“LIT”) is the best professional to talk to. LITs are specifically qualified to provide consumers with debt advice and unique debt solutions.
Sands & Associates is here for you, with over 30 years’ experience providing debt support to British Columbians. Since it was founded in 1990, Sands & Associates has grown to become the province’s largest firm of Licensed Insolvency Trustees dedicated to consumer debt help, with an award-winning network of local offices throughout BC.
- Sands & Associates’ Abbotsford office offers individuals a safe, non-judgmental space to get confidential debt advice and explore solutions together with a debt help expert.
- Consumers in BC can also access Sands & Associates debt services remotely, with online and telephone options available seven days a week.
Book your free, non-judgmental debt consultation now to talk with a local debt expert and get a debt-free plan that’s right for you.
Debt Management Solutions and Consumer Proposals in Canada
Dealing with unmanageable debt can feel frustrating and overwhelming, and many Canadians don’t know about the resources they have to help them get out of debt. A Licensed Insolvency Trustee local to your province can help you understand your situation, weigh the pros and cons of all your debt management options and provide you relevant resources.
Strategies to Pay Off Debt
Do-it-yourself debt repayment solutions we’ll talk about can include strategies such as:
- Focusing payment on high-interest debts, or debts with the lowest balance.
- Working directly with your creditors to negotiate interest rates or refinance your debts.
- Paying off your debt through a credit counsellor.
Consolidating Debt in a Consumer Proposal
We’ll also help you learn about Consumer Proposals, which can be a great way to consolidate and pay off your debt without borrowing, cutting the amount you need to repay down to what you can reasonably afford to pay back over a period of up to five years.
- Debts consolidated in a Consumer Proposal are often cut by up to 50-80% as your creditors will agree to forgive a portion of your debt.
- No interest charges, financing costs or credit checks are involved with a Consumer Proposal.
- A Consumer Proposal can include almost all your debts, from credit cards to outstanding taxes, student loans to payday loans and more.
Learn About Qualifying for a Consumer Proposal
Debt Forgiveness Through Declaring Bankruptcy
If your situation has left you unable to afford to continue making any payments on your debts, declaring personal bankruptcy can be a solution to consider for debt forgiveness.
- Virtually all your debts can be fully forgiven through declaring bankruptcy in Canada, including credit cards, payday loans, Canada Revenue Agency debts and more.
- The bankruptcy process is usually over in nine months, and most people keep all their assets.
Additional Consumer Debt Resources
You may be able to help resolve your financial challenges through provincial or federal legislation and consumer safeguards, and we’ll share information about relevant resources with you, such as:
- BC’s Limitation Act, which caps the length of time a creditor has to sue you for your debt.
- The Personal Property Security Act, which sets ‘seize or sue’ provisions.
- A ‘Request for Communication in Writing’ to curb creditor calls.
Learn more about BC’s Statute of Limitations on Debt
What Happens at a Debt Consultation with Sands & Associates?
Sands & Associates’ Licensed Insolvency Trustees, Estate Managers and Insolvency Counsellors are all qualified to provide you with debt help services at the highest level and share the approach of non-judgmental care, empathy, and respect. We believe that a debt problem can happen to anyone, and that everyone deserves the opportunity to get help and a financial fresh start.
A debt consultation is simply a one-on-one, confidential conversation with a Licensed Insolvency Trustee or Estate Manager. We will take the time to understand your situation and needs – and talk with you about how you can deal with your debt.
Our goal is for you to come away from your consultation feeling fully informed, and confident about moving forward with your debt-free plan.
- You are under no obligation to continue working with a Licensed Insolvency Trustee after your free consultation.
- No referral is needed to connect with a Licensed Insolvency Trustee.
Non-judgmental qualified professionals are available to discuss your debt solutions together with you, including (but not limited to) debt consolidation, Consumer Proposals, bankruptcy and more.
In less than an hour you can get a debt-free plan tailored to your situation, with clear next steps in the debt solution you choose. Book your free, confidential debt consultation with a BC debt help specialist now.
