Bankruptcy

Comparing Debt Management Plans – Pros and Cons of Consumer Debt Solutions

Apr 15, 2019

Many people feel unsure what to look for, consider, or even where to start when evaluating resources they have to manage debt. Fortunately, you are not alone in navigating these decisions. Every day Licensed Insolvency Trustees help individuals do just this,...Read more

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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

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What Happens After You File Bankruptcy?

Dec 3, 2018

Many people worry that a bankruptcy will be a permanent or long-term setback. The reality is that personal bankruptcy provides a financial fresh start by eliminating debts that you may have struggled for years to manage and repay. Once your bankruptcy is...Read more

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 are...Read more

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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

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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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Legislated Debt Solutions for Canadians

Jul 24, 2017

If you’re a Canadian struggling with unmanageable debt there are many avenues to consider.  But did you know that there are only two options that are federally legislated to protect you from your creditors while you resolve your financial...Read more

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Can a Bankruptcy or Consumer Proposal Cover Government Debt?

Sep 19, 2016

There are many different types of debts AND debt solutions available to Canadians, and not all are created equal.  Notwithstanding the appearance of a large number of debt resolution options, there are only two legislated debt options that will give a person...Read more

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Sands & Associates Answers your Top FAQs – Part II

Aug 2, 2016

Most people aren’t aware of how Consumer Proposals or personal bankruptcy work – so it’s no surprise that as Licensed Insolvency Trustees we get asked a lot of questions each and every day.  We’ve asked some of our knowledgeable staff to answer the...Read more

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Sands & Associates Answers your Top FAQs – Part II

Aug 2, 2016

Most people aren’t aware of how Consumer Proposals or personal bankruptcy work – so it’s no surprise that as Licensed Insolvency Trustees we get asked a lot of questions each and every day.  We’ve asked some of our knowledgeable staff to answer the...Read more

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Sands & Associates Answers your Top FAQs – Part I

Jul 25, 2016

Most people aren’t aware of how Consumer Proposals or personal bankruptcy work – so it’s no surprise that as Licensed Insolvency Trustees we get asked a lot of questions each and every day.  We’ve asked some of our knowledgeable staff to answer the...Read more

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Is Bankruptcy Right for You?

Jun 27, 2016

Personal bankruptcy is an option to achieve a financial fresh start, yet many people have misconceptions about this debt resolution option. Speak with a Licensed Insolvency Trustee to find out if a personal bankruptcy is the best way for you to get...Read more

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How Much Does it Cost to File a Bankruptcy?

May 9, 2016

It’s no surprise that often the first question people considering bankruptcy ask Licensed Insolvency Trustees is “How much does a bankruptcy cost?”.  Because of the legislation that sets out the rules and regulations around bankruptcy, the answer...Read more

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