Consumer Proposals filed by Sands & Associates\u2019 Licensed Insolvency Trustees have up to a 99% success rate. Learn how making a Consumer Proposal can consolidate and cut your debt up to 80% or more without borrowing, and how the process of negotiating your debt reduction with your creditors typically happens.<\/p>\r\n\r\n\r\n\r\n
A Consumer Proposal can consolidate virtually all your debts without borrowing and offer to repay your creditors the portion of your debt that you can afford over a period of up to five years. You may be able to reduce your debt by as much as 50-80%, as your creditors will agree that the unpaid balance will be considered forgiven at the end of your Consumer Proposal.<\/p>\r\n\r\n\r\n\r\n
Your credit score or history are not qualifying factors, and a Consumer Proposal can be made by an individual who owes between $1,000 and $250,000 of debt excluding any mortgages on your residence.<\/p>\r\n\r\n\r\n\r\n
Read More About Debts a Consumer Proposal Can Consolidate<\/a><\/p>\r\n\r\n\r\n\r\n Consumer Proposals also offer flexibility in that you can choose to manage \u2018secured debts\u2019 (that is, debts linked to an asset) outside of your Proposal. For example, if you have a financed vehicle or a mortgage in good standing and you want to continue with those agreements, you can do so uninterrupted. As long as you continue to make the payments on your car and\/or home, a Consumer Proposal will allow you to retain those assets without issue.<\/p>\r\n\r\n\r\n\n Book your free consultation with one of our experts and start living a debt-free life.<\/p>\n \n BOOK YOUR FREE CONSULTATION <\/a>\n <\/div>\n <\/div>\n<\/div>\n\r\n\r\n\r\n Sands & Associates works with Consumer Proposal clients across British Columbia<\/a> \u2013 here\u2019s the approach we take with our clients:<\/p>\r\n\r\n\r\n\r\n If you decide that a Consumer Proposal is the best fit for you and your situation, we\u2019ll work together to determine an offer that is affordable for you, and that your creditors are likely to agree to.<\/p>\r\n\r\n\r\n\r\n After this your Licensed Insolvency Trustee will file your Proposal with the Office of the Superintendent of Bankruptcy, the government branch that oversees this process, and send your offer to your creditors for their consideration.<\/p>\r\n\r\n\r\n\r\n Immediately after signing the Proposal documents, you should no longer be making payments to your creditors and your LIT will take on all communications with your creditors on your behalf, so you don\u2019t need to deal with them further.<\/p>\r\n\r\n\r\n\n\n When your Consumer Proposal is accepted you\u2019ll make the payments you offered, complete two private, one-on-one financial counselling sessions<\/a>, and fulfill any other conditions you agreed to \u2013 and at the end you\u2019ll be issued a \u2018Certificate of Full Performance\u2019 and legally released from all debts that you included in your Consumer Proposal.<\/p>\r\n\r\n\r\n\r\n Learn More About Starting the Consumer Proposal Process<\/a><\/p>\r\n\r\n\r\n\n \n GET A FINANCIAL<\/span>\n FRESH START <\/h2>\n
Sands & Associates\u2019 Approach to Consumer Proposal<\/strong>\u00a0<\/strong><\/h2>\r\n\r\n\r\n\r\n
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