Consumer Proposals

What You Need to Know Before Consolidating Debt

Jun 10, 2019

First off – what do we mean by ‘debt consolidation’? Debt consolidation is a term that you hear a lot, and it typically means that you combine all of your debt into a single monthly payment, rather than paying each of your debts separately each month....Read more

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

Read more

What’s the Difference Between Credit Counselling and Debt Consolidation?

Feb 11, 2019

One of the first debt management tools most people research is a debt consolidation loan. Another debt solution that is a type of debt consolidation is a credit counselling program, often known as a Debt Management Plan (“DMP”). Although both options can...Read more

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

Read more

After Making a Consumer Proposal – What You Need to Know

Dec 17, 2018

No matter what stage of making a Consumer Proposal you may be at (even if you’re still considering one), you probably have questions about what to expect after your Consumer Proposal is finished. Below we’ve outlined some important information about what...Read more

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

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

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

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

Read more

How Much Does it Cost to File a Consumer Proposal?

Aug 20, 2018

Ask a Licensed Insolvency Trustee! Award-winning BC Licensed Insolvency Trustees Sands & Associates answers questions about debt help, including personal bankruptcy and Consumer Proposals. Q: How much does it cost to file a Consumer Proposal? A: The...Read more

Read more

What Debts will a Consumer Proposal Settle?

Aug 13, 2018

Many people don’t know that they can consolidate almost all their debts in a Consumer Proposal. Unlike traditional or non-profit credit counselling programs, Consumer Proposals can even be used to deal with debt owing to Canada Revenue Agency (CRA),...Read more

Read more

Write-off Debt Without Bankruptcy: Learn about Consumer Proposals

Jun 4, 2018

In Canada there is a legal debt solution besides bankruptcy which offers many benefits - a Consumer Proposal. Although Consumer Proposals are not a new debt management tool, discovering that debt relief is possible without having to file bankruptcy is a...Read more

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

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

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

Read more

3 Types of Debt Consolidation in Canada

Mar 5, 2018

Many people find it’s difficult to pay off debt when they are juggling multiple creditors and debt payments monthly, each with their own set of fees and interest charges. If debt consolidation is a debt management tool you are considering, you may be...Read more

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 are...Read more

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

Read more

Consumer Proposals: 4 Common Myths Debunked

Jul 31, 2017

Although Consumer Proposals have been a debt solution available in British Columbia for some time, it is often a new term for people who are evaluating their options to get out of debt.  The federal government empowers one type of designated professional to...Read more

Read more

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

Read more

Debt Settlement VS. Consumer Proposal

May 8, 2017

Debt settlement is a term that’s been heard more and more the past few years by consumers.  With debt settlement agents advertising heavily it’s no surprise.  As Licensed Insolvency Trustees we’re often asked “what is the difference between debt...Read more

Read more

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

Read more

How Much Debt will a Consumer Proposal Eliminate?

Aug 22, 2016

When it comes to debt management solutions Canadians have many options to consider. Consumer Proposals are a powerful alternative to avenues such as consolidation financing, credit counselling and even personal bankruptcy. Read on to learn more about how...Read more

Read more

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

Read more

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

Read more