Division 1 Proposals for Business Debt
Oct 6, 2025
A common misconception among business owners is that the only option to deal with a struggling business is bankruptcy or receivership, nothing in between. Business owners often feel they are at the mercy of their creditors or bank. The reality is that a...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
How Does a Consumer Proposal Affect You?
May 5, 2025
A Consumer Proposal is a powerful debt solution provided by Licensed Insolvency Trustees that allows you to consolidate your debt and make your creditors an offer to repay the balance that you can reasonably afford, interest-free. Virtually all your...Read more
Consumer Proposal Pros and Cons
Dec 9, 2024
Managing debt with a Consumer Proposal can offer many benefits to people looking to successfully consolidate, cut, and pay off their debt. Read on to understand key pros and cons of consolidating debt with a Consumer Proposal, and other details to know if...Read more
Do Creditors Usually Accept a Consumer Proposal?
Oct 7, 2024
Consumer Proposals filed by Sands & Associates’ 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...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
Bad Credit? Here’s What You Can Do
May 6, 2024
Are you struggling with debt or wondering what you can do to deal with a bad credit score and move forward financially? The good news is there are actions you can take to improve your financial situation and credit score. Read on to learn tips for...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 Do I Qualify for a Consumer Proposal?
Oct 16, 2023
A Consumer Proposal can allow you to consolidate and cut your personal debt – without borrowing, added interest, or professional fees. Read on to learn about the Consumer Proposal process, and whether you might qualify to file a Consumer Proposal to deal...Read more
Is Debt Consolidation Good or Bad? Understand the Pros and Cons of Debt Consolidation
Sep 4, 2023
Consolidating your debt can help you streamline your debt payments and ultimately pay off your debts faster – but there are different types of debt consolidation, and pros, cons, and considerations for consumers to be aware of. Read on to learn the ins and...Read more
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 Can I Do to Pay Off my Debt?
May 8, 2023
Are you trying to figure out what to do about your debt, or looking for help deciding how best to pay off your debt? You are not alone! Read on to understand the different debt solutions you might consider to help you pay off your debt, and learn where BC...Read more
Consolidating Debt with a Consumer Proposal: Step-by-Step
Sep 12, 2022
Making a Consumer Proposal is one of the best ways Canadians can consolidate and cut their debt. Read on to learn about key benefits to Consumer Proposal debt consolidation, how the Consumer Proposal process works in BC, and the steps involved in starting...Read more
Is a Consumer Proposal Right for Me?
Aug 8, 2022
A unique alternative to both consolidation loans and personal bankruptcy, a Consumer Proposal is often one of the best options for Canadians to get debt relief. Read on to learn more about Consumer Proposals and whether making a Consumer Proposal could be...Read more
What Are My Debt Options if I’ve Done a Consumer Proposal Before?
May 26, 2022
Realizing you have a debt problem can be overwhelming, and if you’ve faced challenges with debt in the past you may have even more anxiety or uncertainty in figuring out how you can resolve your situation. If you find yourself with a debt problem again,...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
What Does it Mean for Me if My Spouse Files a Consumer Proposal?
Mar 7, 2022
Although you and your spouse may not have a legal obligation to repay each other’s debts, the financial pressures and worries of dealing with debt are often shared, potentially impacting your household and adding stress to your important...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
What’s the Best Plan for Consolidated Credit Counselling?
Oct 22, 2021
From understanding the differences in debt help professionals to deciphering the ‘fine print’ of the Canadian debt relief industry, the world of debt expertise can be a confusing place for those already overwhelmed trying to solve their challenges with...Read more
10 Facts You Should Know About Consumer Proposals
May 3, 2021
Consumer Proposals are a powerful debt solution, a popular substitute to traditional consolidation loans, and Canada’s number one alternative to personal bankruptcy. Working with a Licensed Insolvency Trustee you will develop an offer to pay your creditors...Read more
How do Consumer Proposals Compare to Debt Consolidation Loans?
Nov 16, 2020
Consumer Proposals are an increasingly popular choice for Canadians seeking to better manage their debts. Known for affordable monthly payments and flexibility, a Consumer Proposal can have many benefits over choosing to consolidate debt with a consolidation...Read more
3 Things You Should Know About Debt Consolidation
Oct 6, 2020
Debt consolidation is often one of the first options people consider when facing debt management decisions, especially for dealing with credit card debt. Many consumers aim for a consolidation to simplify monthly payments, and hopefully even lower the...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
