Sands & Associates Live – Your Questions Answered!

Dec 5, 2016
Vice-President of Sands & Associates and Licensed Insolvency Trustee Blair Mantin was recently broadcasting live to answer viewers’ questions and explain some of the general ins and outs about how Licensed Insolvency Trustees can help people achieve a...Read more

Metro in Debt: More from The Vancouver Sun

Nov 30, 2016
The Vancouver Sun newspaper continued its “Metro in Debt” series with a closer look at some of the options Canadians pursue when it comes to debt help.  With Canadians owing a record-high amount of combined mortgage and consumer debt, experts say the...Read more

Blair Mantin on CTV News at Noon: “Top 4 Financial Myths and Misconceptions”

Nov 28, 2016
Sands & Associates Vice-President and Licensed Insolvency Trustee Blair Mantin appeared on CTV Vancouver’s ‘News at Noon’ segment last week. This episode focuses on financial myths and misconceptions that end up costing consumers money.  Blair...Read more

CTV News at Noon: Financial Myths and Misconceptions

Nov 21, 2016
Vice-President of Sands & Associates and Licensed Insolvency Trustee Blair Mantin was a guest on CTV Vancouver’s ‘News at Noon’ today.  As November is Financial Literacy Month in Canada, this afternoon Blair shared his top 4  financial myths and...Read more

Metro in Debt: Blair Mantin featured in The Province Newspaper

The Province newspaper reported on a recent study conducted by a non-profit group, determining the most indebted areas in Metro Vancouver.  The Social Planning and Research Council of BC study comes amidst repeated warnings over household debts and continued...Read more

Ask the Trustee – November Edition

Nov 14, 2016
Licensed Insolvency Trustee Blair Mantin answers your questions about how to manage debts, including options such as Credit Counselling, Consumer Proposals and Bankruptcy in BC!  Q: What type of debts can a Licensed Insolvency Trustee help me...Read more

Welcome to the New Sands & Associates Website!

Nov 9, 2016
After several months of planning and designing, we’re excited to introduce you to our new website.  We invite you to browse our blog, video gallery, media posts, debt calculators, testimonials sections and more; with a new streamlined format, our...Read more

Ask the Trustee – October Edition

Oct 31, 2016
Licensed Insolvency Trustee Blair Mantin answers your questions about how to manage debts, including options such as Credit Counselling, Consumer Proposals and Bankruptcy in BC!  Q: What information do I need to meet with a Licensed Insolvency Trustee? A:...Read more

Blair Mantin on CTV Morning Live – Ask an Expert: “How to Choose a Debt Advisor”

Oct 24, 2016
Sands & Associates Vice-President and Licensed Insolvency Trustee Blair Mantin appeared on CTV Morning Live’s “Ask an Expert” segment last week. This episode focuses on key questions that consumers should consider when seeking a debt...Read more

CTV Morning Live – Ask an Expert: “How to Choose a Debt Advisor”

Oct 19, 2016
Vice-President of Sands & Associates and Licensed Insolvency Trustee Blair Mantin was featured on CTV Morning Live’s segment “Ask an Expert” this morning.  Today’s segment focused on some key questions that consumers should consider when seeking...Read more

Connect with Sands & Associates at the West Coast Women’s Show

Oct 11, 2016
According to a recent study, more than one-third of Canadian women wish they were more confident in financial matters, and around the same number of women fear making financial decisions due to a lack of knowledge. Many women today face unique challenges...Read more

2016 Halloween Infographic – Get More Scare and Less Spend

Oct 3, 2016
Click the infographic to enlarge. To meet with a representative for a free, confidential consultation in one of our 15 BC offices, please contact...Read more

How (and Why) to Check Your Credit Report

Sep 26, 2016
Even though it’s generally recommended to check your credit report about once a year, this is a financial chore that often falls by the wayside, even for the most financially-savvy of us.  Because an un-kempt credit history can be hiding a lot of hassle...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

Ask the Trustee – September Edition

Sep 12, 2016
Licensed Insolvency Trustee Blair Mantin answers your questions about how to manage debts, including options such as Credit Counselling, Consumer Proposals and Bankruptcy in BC! Q: I need help with my debt, but worry about damaging my credit rating. A:...Read more

Sands & Associates: Our Mission

Sep 6, 2016
In Canada, Licensed Insolvency Trustees are the only professionals designated by the Federal government to provide legislated debt solutions to people who find themselves in financial difficulty.  Sands & Associates is British Columbia’s largest firm...Read more

Back-to-School Budget Hacks

Aug 29, 2016
Read our top 7 back-to-school budget tips to help prepare your kids for the classroom, without feeling the financial pinch! Click the infographic to enlarge. To meet with a representative for a free, confidential consultation in one of our 15 BC offices,...Read more

How Much Debt will a Consumer Proposal Eliminate?

Aug 22, 2016
Although filing a Consumer Proposal is a debt management option that has been around for some time, it’s only in recent years that more Canadians have become aware of this powerful alternative to bankruptcy.  A Consumer Proposal allows you to make a legal...Read more

Ask the Trustee – August Edition

Aug 15, 2016
Licensed Insolvency Trustee Blair Mantin answers your questions about how to manage debts, including options such as Credit Counselling, Consumer Proposals and Bankruptcy in BC! Q: What should I consider before taking on joint debt or co-signing a loan? A:...Read more

5 Easy Ways to Avoid Spending Money

Aug 8, 2016
Sometimes spending can get out of hand and unchecked spending habits can lead to problems with debt.  If avoiding the urge to spend money is a challenge for you, try these five tips! Click the infographic to enlarge. To meet with a representative for...Read more
Are creditors harassing you? Are the endless phone calls and collection letters causing you stress? Are you living on your credit cards? Are you unable to maintain your minimum payments? Are you being pursued for government debt? If you answered "yes" to any of these questions, you are not alone. In the twelve-month period ending July 2016, more than 66,000 Canadians were in the same financial position and found relief by seeing a Licensed Insolvency Trustee and filing personal bankruptcy. Another 57,000 Canadians settled their debt management problems by filing a consumer proposal.

If you are not a resident of British Columbia, more information is available about bankruptcy in Canada.

No matter what the cause of your financial difficulties, the Bankruptcy and Insolvency Act does not restrict a person from filing personal bankruptcy or making a consumer proposal. For example, you could be in financial trouble due to the loss of employment, a divorce, a leaky condo, medical problems, gambling, substance abuse, or poor money management. Regardless of the reason, filing personal bankruptcy or making a consumer proposal to your creditors is based upon your unique individual circumstances and is ultimately your personal decision. In BC, both of these remedies can only be filed by utilizing the services of Licensed Insolvency Trustees. At Sands & Associates, our Licensed Insolvency Trustees understand that most people file into bankruptcy or make a consumer proposal to creditors because of unfortunate circumstances, and we will guide you through this difficult time. 

Personal bankruptcy or a consumer proposal to creditors can provide shelter from the financial storm. Each will stop virtually all legal proceedings, garnishees, and phone calls from your creditors. These legal remedies provide a fresh start by pardoning your debts including credit card debts, lines of credit, legal bills, utility bills, medical bills, automobile insurance, judgments, government debts, etc. A Licensed Insolvency Trustee can help you understand the relative merits of each of these debt management options within BC. 

At Sands & Associates, we make filing personal bankruptcy or making a consumer proposal to creditors simple. We will arrange for a free initial consultation with one of our knowledgeable staff to discuss your financial status, and help you to determine whether bankruptcy or a proposal to creditors is the right choice for you.

Should you choose to file personal bankruptcy or make a consumer proposal to your creditors, we will process the necessary paperwork, arrange for possible meetings with creditors, provide two credit counselling sessions at our convenient offices located in Vancouver, Burnaby, New Westminster, Richmond, Surrey, Langley, Coquitlam, Maple Ridge, White Rock, Abbotsford, Chilliwack, Victoria, Nanaimo, Kamloops and Kelowna. 

After you have filed personal bankruptcy or a consumer proposal, you are required to perform your duties as outlined in the Bankruptcy and Insolvency Act. Some of the duties in a personal bankruptcy include keeping the Licensed Insolvency Trustee informed of your current address, declaring your monthly income and expenses for a minimum of nine months, attending two credit counselling sessions, and paying the Licensed Insolvency Trustee an amount that is dependent upon your income and the assets that you own. 

If this is your first personal bankruptcy, the earliest that you will be eligible for your discharge is nine months after your date of filing. A discharge from bankruptcy means that your debts will be eliminated and your creditors can no longer pursue you for the outstanding amount owed. It provides peace of mind and a chance for a fresh financial start. 

If you choose to make a consumer proposal to your creditors and if the creditors and the court accept it, the contract is binding between you and the creditors. A certificate of completion, which discharges your indebtedness, will be given as long as you meet the terms of the contract and remit the appropriate funds or assets to the Licensed Insolvency Trustee.