Bankruptcy Archives - Sands & Associates

How Does a Licensed Insolvency Trustee Get Paid?

Sep 11, 2019

If you’ve been considering debt management solutions, you’ve likely discovered that there are several options available. You may also have learned that in Canada only one type of debt help professional is legally empowered and endorsed by the federal...Read more

How Bankruptcy Protects Your Assets

Sep 11, 2019

Many people facing a serious debt problem avoid considering bankruptcy as a solution because they believe filing bankruptcy will cause them to lose their personal assets or put their income at risk. Contrary to popular belief, the truth is that filing a...Read more

An Overview of Seize or Sue and Vehicle Loans in BC

Sep 3, 2019

As Licensed Insolvency Trustees we are often contacted by people who have vehicle loans or leases but can no longer afford to maintain their ongoing payments. In BC there are laws under the Personal Property Security Act (“PPSA”) that can help consumers...Read more

An Overview of Wage Garnishment in BC

Jun 24, 2019

Wage garnishments or seizures are an extreme collection method that creditors may use to recover money owed to them. Facing a wage garnishment can be incredibly stressful and overwhelming, and many people don’t know what their rights and remedies are in the...Read more

Bankruptcy Basics Explained

May 14, 2019

The 12-month period ending December 31 2018 saw over 10,000 BC consumers turn to insolvency legislation for debt relief. Over 4,000 of those people filed personal bankruptcy, and debt industry experts are predicting that annual filings will rise over the next...Read more

Comparing 5 Debt Solutions – Pros and Cons to Consider

Apr 15, 2019

Every day Licensed Insolvency Trustees help individuals and businesses assess their debt options. We understand that most people feel stressed and pressured to find a solution, and often don’t know where to start evaluating or even what their options might...Read more

Consumers Seeking Debt Help on the Rise – BNN Bloomberg Reports

Jan 3, 2019

Record-high debt levels, interest rate hikes and a jump in payday loan use are being cited as just some of the reasons more and more Canadians are reaching out for professional debt help. BNN Bloomberg spoke with debt help experts from the insolvency industry...Read more

Life After Bankruptcy – What You Need to Know

Dec 3, 2018

Whether you are considering filing bankruptcy, already underway with filing, or just finishing bankruptcy - we know you have questions about “life after bankruptcy”. We’ve outlined information about what happens once bankruptcy is over, and some tips...Read more

Breakfast Television Vancouver: 5 Facts About Debt You Didn’t Know

Nov 26, 2018

If you were facing a serious financial problem because of debt, would you know what legal options, rights and remedies were available to you? The stressful reality many Canadians face is that they don’t know the facts about how to manage a debt problem, or...Read more

What’s the Difference Between Credit Counselling and Bankruptcy?

Nov 5, 2018

This installment in Sands & Associates’ “Ask a Licensed Insolvency Trustee” series compares some of the main differences between credit counselling programs and personal bankruptcy. Q: What’s the difference between credit counselling and...Read more

What Happens if you Declare Bankruptcy

Oct 9, 2018

Contrary to the fears many people have, the process of filing bankruptcy in BC is actually quite straightforward. Between 600 and 1,000 individuals in BC each and every month opt to restructure their finances by filing for bankruptcy or making a Consumer...Read more

What’s the Difference Between Consumer Proposals and Bankruptcy?

Sep 24, 2018

This month’s edition of Sands & Associates’ “Ask a Licensed Insolvency Trustee” series breaks down three key differences in bankruptcy versus Consumer Proposal. Q: What’s the difference between Consumer Proposals and bankruptcy? Although they...Read more

Understanding the Effects of Bankruptcy – Global News Reports

Sep 11, 2018

Being in debt can be stressful and this stress can be exacerbated by a sense of shame. Many people feel ashamed about not being able to repay their debts, consequently this embarrassment means that money problems (and solutions) are not an area of finances...Read more

Can you Keep your House if you File Bankruptcy?

Sep 10, 2018

Many homeowners struggling with their debts worry what will happen to their house if they claim bankruptcy. The good news is that filing a bankruptcy does not mean that you will automatically lose your home. Let’s review some of the key facts about...Read more

4 Times Bankruptcy may be a Better Debt Solution than a Consolidation Loan

Sep 4, 2018

Many people considering debt restructuring first turn to debt consolidation loans and think of personal bankruptcy as a ‘last resort’. Here are four types of situations where filing a personal bankruptcy can actually be a better solution than a...Read more

5 Ways Declaring Bankruptcy Does and Doesn’t Affect You

Aug 7, 2018

Personal bankruptcy is a very misunderstood process and, as a result, many people want to avoid filing bankruptcy or even considering other legal debt help options. As Licensed Insolvency Trustees we help people with debt every day and have put together a...Read more

How Much Does it Cost to File Personal Bankruptcy?

Jul 30, 2018

Ask a Licensed Insolvency Trustee! Sands & Associates answers frequently asked questions about legal debt solutions, including Consumer Proposals and bankruptcy. Q: How much does it cost to file personal bankruptcy? A: In Canada the cost of filing a...Read more

Dealing with Business Debts in BC

Jul 16, 2018

Whether you are a sole proprietor or running a corporation, being self-employed can be financially demanding. As Licensed Insolvency Trustees, Sands & Associates are debt management professionals that can help when your business is in financial...Read more

How Can I Find Out if I Qualify for Bankruptcy?

Jun 25, 2018

BC’s largest firm of consumer and small business focused Licensed Insolvency Trustees Sands & Associates answer commonly-asked questions about debt and debt solutions. Q: How can I find out if I qualify for bankruptcy? A: In Canada, there are few...Read more

How Does Debt Management Affect Credit Ratings?

May 14, 2018

Award-winning Licensed Insolvency Trustees Sands & Associates answer commonly-asked questions about debt help in BC. Q: How does debt management affect credit ratings? A: There are several possible debt management options available to consumers,...Read more

Bankruptcy When Married

May 7, 2018

Debt and financial difficulties often play a leading role in relationships breaking down, and most people are unsure of how a spouse filing for personal bankruptcy may impact them. Sands & Associates are Licensed Insolvency Trustees in BC and we...Read more

What Are the Advantages to Filing a Consumer Proposal Instead of Filing a Personal Bankruptcy in BC?

Apr 23, 2018

Experts in debt consolidation, Consumer Proposals and personal bankruptcy – Sands & Associates’ BC Licensed Insolvency Trustees answer your questions about how to pay off debt: Q: What are the advantages to filing a Consumer Proposal, as opposed to...Read more

How to Pay Off Student Loans in BC

Feb 26, 2018

Does it feel like you’ll never be free from student loans? There IS hope! As Licensed Insolvency Trustees in BC, we meet with people every day who are struggling to pay off student debt. Some are unable to find work in their chosen field, others...Read more

Global News: “I’m in debt. Now what?” – 5 Options to Get Out of Debt

Dec 11, 2017

One of the biggest challenges people face when they find themselves in debt is not knowing what debt options exist to solve the problem. Sands & Associates Vice-President and Licensed Insolvency Trustee Blair Mantin recently joined Global News BC and...Read more

Bankruptcy in Canada: Four Common Myths Debunked

Nov 6, 2017

Even though there are many resources and much information available, myths and outright incorrect information about bankruptcy in Canada continue to circulate. As Licensed Insolvency Trustees, Sands & Associates is comprised of professionals empowered...Read more

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