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Since 1990 Sands & Associates has taken great pride in helping people in BC find their best debt solution and become debt-free. Now our debt help services are reaching more consumers and small businesses than ever before, and we’re pleased to announce the opening of our newest Sands & Associates office location in Terrace.

With our emphasis on kindness and commitment to non-judgmental support, Sands & Associates has grown over the years to become BC’s Licensed Insolvency Trustee firm of choice for residents across the province. We are sincere in our belief that financial challenges can happen to anyone at virtually any time and we are grateful that we can provide debt relief services and play an encouraging role towards a fresh start, financial and otherwise, during what is often a difficult time in people’s lives.

If you are facing financial stress or simply want some advice about dealing with debt, know that you are not alone – Sands & Associates is here for you.

“…I felt relieved. I should have done it years earlier.” – Alex, Sands & Associates Client

Meet Alex and some of the other people whose lives have been changed working with Sands & Associates.

Few people ever expect to find themselves in a situation that leaves them struggling to get out of debt or caught in a cycle of endless payments. Whether you are seeking a solution to simplify your debt repayment or to protect yourself from creditor collection actions, a Licensed Insolvency Trustee from Sands & Associates can assist you in understanding all of the options available to you, and working together on a plan of action to help you get out of debt.

How Can I Do a Debt Consolidation Without a Loan?

Streamlining your debts into one consolidation plan can be a great way to more easily manage multiple debts and reduce the varying interest rates charged. Many people become discouraged about consolidating their debts after being turned down for consolidation financing with a mainstream lender, since consolidation loans and lines of credit at favourable interest rates and borrowing terms often require a good credit score, assets or even a co-signer. But lender solutions are not the only option for consolidation – making a Consumer Proposal to your creditors allows you to consolidate virtually all your debts without borrowing.

  • There are no credit checks, no interest fees and no added service charges.
  • You can cut down how much debt you must pay back for your creditors – often paying back as little as 20-40% of the balance is sufficient to eliminate the debts in full.

Consumer Proposals combine the benefits of consolidation loans and the powerful consumer rights provided in Canadian law into a unique debt solution that you can use to consolidate and cut debt, with a tailored plan that makes payments affordable and has a clear end date.

Learn More About Making a Consumer Proposal in BC

How Do I Know if Filing Bankruptcy is Right for Me?

Personal bankruptcy filings have been declining in recent years, with more BC residents choosing to avoid bankruptcy (and costly consolidation loans) by instead making a Consumer Proposal. It’s important to know that if you are facing a personal situation that has left you unable to repay your debts no creditor can prevent you from seeking the protection of bankruptcy legislation.

No two situations are exactly alike, and a Licensed Insolvency Trustee will help you weigh the pros and cons of declaring bankruptcy, taking into account your unique circumstances, personal financial goals and other relevant information that should be considered when you decide how best to move forward.

If you’re considering declaring bankruptcy you should also know that the bankruptcy process is nowhere near as bad as people generally think it may be. In almost all cases personal bankruptcy:

  • Lasts only 9 months.
  • Costs $200 a month for 9 months.
  • Results in full forgiveness of all your debts (including debts for income taxes and student loans).
  • Does not cause major difficulty in establishing new credit.

Should you decide to file bankruptcy we will work with you throughout the process.

Learn More About Filing Personal Bankruptcy in BC

Where Can I Get Professional Debt & Credit Counselling Services?

Being in debt and trying to decide the best way to become debt-free can feel overwhelming. Many people simply do not know the ins and outs of their rights and remedies when it comes to debt and worry that if they’re having difficulty managing their debt or are being threatened with credit collection actions that they have limited or no recourse. Fortunately, you do have options, and support from dedicated professionals to help you deal with your debt.

At Sands & Associates we believe it is important that everyone can access debt help services when needed. Our team of qualified, caring debt experts is available to help BC residents in person and remotely – whether you are seeking debt help services in Terrace or anywhere else in the province, we are here to help you.

You may not be looking for a plan to manage debt – maybe you just have a question about whether a debt is payable, or what power a creditor may have. We are committed to empowering people to make informed decisions with confidence and welcome any questions you may have, without judgment. Offering expertise and debt advice is simply what we do – it’s all part of living up to our philosophy of being “Debt Smart with Heart.”

Book your confidential non-judgmental debt consultation today to get started with your plan to be debt-free. Your financial fresh start is waiting!