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Achieve Your Financial Freedom

Since 1990, our team of professionals has assisted individuals eliminate the daily burden of debt. Our clients agree that dealing with their debts has significantly improved both their financial and physical wellbeing.

Whether it’s a reduction in the debt you must repay, a permanent interest freeze, stopping harassing collection calls, or ensuring the protection of your assets, we can help. Always be sure that you are speaking with a Licensed Insolvency Trustee – they are the only debt professionals designated by the federal government and empowered by law to shield you from your creditors. We’ll work with you to create a tailored plan that allows you to meet your financial goals. Rest assured, with Sands & Associates you can take charge of your future – you have nothing to lose but your debt!

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Five Reasons to Book a Free Consultation


    1. Consumer Proposals allow you to reduce the debts you owe, without accumulating interest or additional fees
      Are you struggling to manage your debt? There are options outside of personal bankruptcy. Consumer Proposals are a common alternative that we may recommend to you, depending on your situation. This form of debt resolution is a negotiated arrangement whereby the individual agrees to repay a portion of his or her debt (often 30%-50%) in monthly payments over a period of up to five years, with no interest. A Consumer Proposal only stays on a person’s credit report for two to three years. Only a Licensed Insolvency Trustee can file a Consumer Proposal on your behalf. During your free Sands & Associates consultation, a licensed professional will work with you one-on-one to assess your situation and find the best solution for you.
    2. Debt stress is real stress
      No one is immune to stress and its negative effects. Most people feel overwhelmed and struggle to cope. For some, the stress can become so great that it damages their personal relationships, causes emotional distress, and causes or exacerbates physical ailments. Anxiety, depression, feelings of hopelessness about the future, stomach ulcers, and trouble sleeping are a few of the common ways debt stress can manifest. Taking steps to resolve your challenging financial situation can have a dramatic impact on your health, well-being and outlook. Many of our clients have told us that they lead happier and healthier lives since managing their debts, and wish they had met with us sooner.
    3. The decision to take charge of your debts puts you in the driver’s seat
      Debts are often caused by outside events such as divorce, health problems, unexpected events or loss of income. While those uncontrollable factors can be resolved, the debts they create can become long-term issues. Deciding on a path that will eliminate your debt not only helps you regain control of your situation, it also marks the beginning of your financial fresh start.During your consultation, a qualified professional will inform you of your rights and options for debt resolution. The knowledge and guidance you receive will allow you to make the best possible decision, so you can move forward positively and confidently.
    4. Knowing is not owing
      There are many misconceptions about debt solutions that stop people from taking action.  Many people believe that bankruptcy is a highly public process and that their employers will be notified if they file. This is false. Another common myth is that it is impossible to get credit after filing a Consumer Proposal or personal bankruptcy. This is untrue. Re-establishing credit two to three years after bankruptcy is often achievable to be considered for mortgages and car loans. Don’t let misinformation impede your progress. We provide clear explanations and practical insight so you can better understand your debt relief options. We are here to answer your questions and help you overcome your situation.
    5. A debt-free future is waiting
      Imagine how different your life would be without the burden of debt. While it may not feel like it at the moment, it is important to know that there is a solution for you. It is possible to achieve a financial fresh start. We understand that taking the first step toward debt resolution can feel daunting. Our team of Licensed Insolvency Trustees is committed to creating an environment where you can feel comfortable discussing your finances. Empathy and empowerment are fundamental to our approach. We are here to restore your faith in your financial future and arm you with the insight you need to make an informed decision to move forward from a position of strength.

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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.