Business Bankruptcy in BC
Oct 6, 2025
Dealing with debt issues as a business owner can be overwhelming, and many people don’t know what their responsibilities, rights, and remedies are when it comes to dealing with debts incurred through their business operations. A Licensed Insolvency Trustee...Read more
Alternatives to Personal Bankruptcy
Aug 18, 2025
Many consumers dealing with overwhelming debt worry they have no way to solve a debt problem besides declaring bankruptcy – but this is often not the case. In Canada there are alternatives to personal bankruptcy that can help you manage, reduce, and pay...Read more
Do I Qualify for Personal Bankruptcy?
Jun 10, 2024
If you’re struggling with debt you may consider whether declaring bankruptcy is a solution to help you get a financial fresh start. Read on to learn how to qualify for personal bankruptcy in BC, and get information about the number one alternative to...Read more
What Happens to my Tax Filings if I Make a Consumer Proposal or File Bankruptcy?
Apr 22, 2024
Consumer Proposals and bankruptcies are two different legal options that consumers in Canada can use to help deal with unmanageable debt. Both options are only accessible through working with a Licensed Insolvency Trustee. Read on to learn how...Read more
Unqualified Debt Advisors – What Consumers Need to Know
Apr 8, 2024
Are you looking for professional debt help? Before connecting with an advisor, read on to learn about debt management services in British Columbia and understand some of the regulatory gaps that can have serious impacts to consumers looking for debt...Read more
Working with a Licensed Insolvency Trustee – What to Expect
Mar 3, 2024
Are you looking for advice or help in managing your debt? Licensed Insolvency Trustees are Canada’s official debt help experts. Read on to learn why, how, and what to expect when you work with a Licensed Insolvency Trustee, from confidential consultations...Read more
What Assets Can I Keep if I Declare Bankruptcy?
Dec 18, 2023
Are you struggling with unmanageable debt but worried about giving up your vehicle, RRSPs, or other assets if you declare bankruptcy? Fortunately, there are laws in place in Canada that allow you to get debt forgiveness and protection from your creditors,...Read more
Financial and Credit Counselling with a Qualified Insolvency Counsellor
Nov 20, 2023
Studies have shown receiving professional debt help from a Licensed Insolvency Trustee can provide many positive impacts to an individual’s personal approach on money matters, through improving budgeting and savings skills, offering a better understanding...Read more
How to Complete Personal Bankruptcy with Sands & Associates
Sep 26, 2022
Personal bankruptcy in Canada is a legal solution that allows an individual to have their debts forgiven. You’ll get immediate debt relief upon declaring bankruptcy, and work through the process to receive an official discharge (i.e., release) from...Read more
Is Personal Bankruptcy Right for Me?
Aug 22, 2022
If you’re struggling to manage and pay off your debts personal bankruptcy may be a formal debt forgiveness solution worth exploring. Read on to learn about the often-misunderstood personal bankruptcy process and information to help you decide whether filing...Read more
Can I Declare Bankruptcy More Than Once?
May 13, 2022
Being in a situation where you’re having trouble paying your debt can be incredibly overwhelming, and if you’ve gone through personal bankruptcy before to resolve a past debt problem you may be struggling with additional feelings of frustration or even...Read more
Can I Get a Mortgage After a Bankruptcy or Consumer Proposal?
Apr 22, 2022
Home ownership is a common goal for many people, and as Licensed Insolvency Trustees we often work with individuals who are worried that using a legal debt solution to get out of debt will mean sacrificing this major future financial goal. Fortunately,...Read more
Learn About Your Options for Debt Forgiveness in Canada
Nov 19, 2021
Maybe you’ve seen advertisements for debt forgiveness programs, or you’ve been struggling with debt, or credit card balances that feel never-ending and wondering what, if anything, you can do about it. The good news is that there are two different options...Read more
10 Facts You Should Know About Personal Bankruptcy
Nov 5, 2021
From qualifying to costs, the process of legal debt solutions such as personal bankruptcy are often unknown to or misunderstood by consumers, usually to the detriment of those dealing with a debt problem and trying to find a way out of debt. Every...Read more
Advantages of Consumer Proposals Over Bankruptcy
Sep 24, 2020
Looking for a debt solution to help you regain control of your finances and clear debt? Read on to learn about Canada’s options for consumer debt relief, and why individuals should consider filing a Consumer Proposal to consolidate and cut debt instead of...Read more
Debt Solutions for Having Government Debts Forgiven
Aug 26, 2020
There are many different types of debts and debt solutions available to Canadians, but not all are created equal. If you have general consumer debts such as credit card debt, balances for lines of credit, overdrafts or payday loans these can be resolved with...Read more
Credit Cards: Before, During and After Bankruptcy
Jul 20, 2020
As Licensed Insolvency Trustees, every day we help people achieve a financial fresh start free from the burden of debt. Although there are many types of debts that Licensed Insolvency Trustees can help individuals and businesses resolve, one of the most...Read more
Small Business Debt – Basics, Challenges & Solutions
Jun 19, 2020
Are you concerned about the financial health of your business? Considering closing your doors due to a lack of business revenue, or an influx of business debt? Wondering if you should inject more personal assets into your business? You are not...Read more
When is Filing for Personal Bankruptcy the Best Option?
May 22, 2020
Although many people considering debt restructuring solutions first turn to borrowing with debt consolidation loans and think of personal bankruptcy as a last resort, there are many situations where filing a personal bankruptcy – or consolidating without...Read more
How Much Does it Cost to Declare Personal Bankruptcy?
Mar 20, 2020
When finances are strained and managing debts has been a challenge for some time, it’s no surprise that one of the first questions people considering personal bankruptcy ask is “How much does a bankruptcy cost?”. Whether you need help managing debts of...Read more
Can a Consumer Proposal or Bankruptcy Help with Tax Debt?
Feb 20, 2020
Licensed Insolvency Trustees are often contacted by individuals and business owners who are looking for solutions to help them deal with Canada Revenue Agency (CRA) debts that they are unable to repay. If you are facing a balance owing to CRA for income tax,...Read more
My Spouse is Filing for Bankruptcy – Now What?
Jan 10, 2020
As Licensed Insolvency Trustees (formerly known as Trustees in Bankruptcy) we often receive questions from the spouse or common-law partner of someone who is considering filing for bankruptcy. Along with wanting to be supportive of their partner’s financial...Read more
Bankruptcy Success Story: Meet Suzanne
Nov 12, 2019
Meet Suzanne - she lives in BC’s lower mainland, owns her own home and vehicle, has a career as a self-employed financial advisor that she loves and describes herself as being financially stable. Suzanne’s journey to success hasn’t been smooth or easy,...Read more
How Does a Licensed Insolvency Trustee Get Paid?
Sep 11, 2019
If you’ve been considering debt management solutions, you’ve likely discovered that there are several options available. You may also have learned that in Canada only one type of debt help professional is legally empowered and endorsed by the federal...Read more
How Bankruptcy Protects Your Assets
Sep 11, 2019
Many people facing a serious debt problem avoid considering bankruptcy as a solution because they believe filing bankruptcy will cause them to lose their personal assets or put their income at risk. Contrary to popular belief, the truth is that...Read more
An Overview of Seize or Sue and Vehicle Loans in BC
Sep 3, 2019
As Licensed Insolvency Trustees we are often contacted by people who have vehicle loans or leases but can no longer afford to maintain their ongoing payments. In BC there are laws under the Personal Property Security Act (“PPSA”) that can help consumers...Read more
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Featured Blogs
How Do I Get a Consumer Proposal Loan?
Jul 10, 2023
Consumer Proposals are a unique solution for Canadians to consolidate and cut their debts, without needing new financing or loans. Read on to understand how filing a Consumer Proposal works, how you can finish a Consumer Proposal early – and why you should...Read more
What Happens When You Can’t Pay Your Debt?
Jul 10, 2019
Money problems often sneak up on consumers, and few people are prepared to face unexpected financial hardships that leave them unable to repay their debts as planned. If you’re worried about being unable to pay your credit cards or other debts, read on to...Read more
