An Overview of Wage Garnishment in BC
Jun 24, 2019
Wage garnishments or seizures are an extreme collection method that creditors may use to recover money owed to them. Facing a wage garnishment can be incredibly stressful and overwhelming, and many people don’t know what their rights and remedies are in the...Read more
Bankruptcy Basics Explained
May 14, 2019
The 12-month period ending December 31 2018 saw over 10,000 BC consumers turn to insolvency legislation for debt relief. Over 4,000 of those people filed personal bankruptcy, and debt industry experts are predicting that annual filings will rise over the next...Read more
Comparing Debt Management Plans – Pros and Cons of Consumer Debt Solutions
Apr 15, 2019
Many people feel unsure what to look for, consider, or even where to start when evaluating resources they have to manage debt. Fortunately, you are not alone in navigating these decisions. Every day Licensed Insolvency Trustees help individuals do just this,...Read more
Consumers Seeking Debt Help on the Rise – BNN Bloomberg Reports
Jan 3, 2019
Record-high debt levels, interest rate hikes and a jump in payday loan use are being cited as just some of the reasons more and more Canadians are reaching out for professional debt help. BNN Bloomberg spoke with debt help experts from the insolvency industry...Read more
What Happens After You File Bankruptcy?
Dec 3, 2018
Many people worry that a bankruptcy will be a permanent or long-term setback. The reality is that personal bankruptcy provides a financial fresh start by eliminating debts that you may have struggled for years to manage and repay. Once your bankruptcy is...Read more
Breakfast Television Vancouver: 5 Facts About Debt You Didn’t Know
Nov 26, 2018
If you were facing a serious financial problem because of debt, would you know what legal options, rights and remedies were available to you? The stressful reality many Canadians face is that they don’t know the facts about how to manage a debt problem, or...Read more
What’s the Difference Between Credit Counselling and Bankruptcy?
Nov 5, 2018
This installment in Sands & Associates’ “Ask a Licensed Insolvency Trustee” series compares some of the main differences between credit counselling programs and personal bankruptcy. Q: What’s the difference between credit counselling and...Read more
What’s the Difference Between Consumer Proposals and Bankruptcy?
Sep 24, 2018
This month’s edition of Sands & Associates’ “Ask a Licensed Insolvency Trustee” series breaks down three key differences in bankruptcy versus Consumer Proposal. Q: What’s the difference between Consumer Proposals and bankruptcy? Although they...Read more
Understanding the Effects of Bankruptcy – Global News Reports
Sep 11, 2018
Being in debt can be stressful and this stress can be exacerbated by a sense of shame. Many people feel ashamed about not being able to repay their debts, consequently this embarrassment means that money problems (and solutions) are not an area of finances...Read more
Can you Keep your House if you File Bankruptcy?
Sep 10, 2018
Many homeowners struggling with their debts worry what will happen to their house if they claim bankruptcy. The good news is that filing a bankruptcy does not mean that you will automatically lose your home. Let’s review some of the key facts about...Read more
5 Ways Declaring Bankruptcy Does and Doesn’t Affect You
Aug 7, 2018
Personal bankruptcy is a very misunderstood process and, as a result, many people want to avoid filing bankruptcy or even considering other legal debt help options. As Licensed Insolvency Trustees we help people with debt every day and have put together a...Read more
How Can I Find Out if I Qualify for Bankruptcy?
Jun 25, 2018
BC’s largest firm of consumer and small business focused Licensed Insolvency Trustees Sands & Associates answer commonly-asked questions about debt and debt solutions. Q: How can I find out if I qualify for bankruptcy? A: In Canada, there are few...Read more
How Does Debt Management Affect Credit Ratings?
May 14, 2018
Award-winning Licensed Insolvency Trustees Sands & Associates answer commonly-asked questions about debt help in BC. Q: How does debt management affect credit ratings? A: There are several possible debt management options available to consumers,...Read more
What Are the Advantages to Filing a Consumer Proposal Instead of Filing a Personal Bankruptcy in BC?
Apr 23, 2018
Experts in debt consolidation, Consumer Proposals and personal bankruptcy – Sands & Associates’ BC Licensed Insolvency Trustees answer your questions about how to pay off debt: Q: What are the advantages to filing a Consumer Proposal, as opposed to...Read more
How to Pay Off Student Loans in BC
Feb 26, 2018
Does it feel like you’ll never be free from student loans? There IS hope! As Licensed Insolvency Trustees in BC, we meet with people every day who are struggling to pay off student debt. Some are unable to find work in their chosen field, others are...Read more
Global News: “I’m in debt. Now what?” – 5 Options to Get Out of Debt
Dec 11, 2017
One of the biggest challenges people face when they find themselves in debt is not knowing what debt options exist to solve the problem. Sands & Associates Vice-President and Licensed Insolvency Trustee Blair Mantin recently joined Global News BC and...Read more
Bankruptcy in Canada: Four Common Myths Debunked
Nov 6, 2017
Even though there are many resources and much information available, myths and outright incorrect information about bankruptcy in Canada continue to circulate. As Licensed Insolvency Trustees, Sands & Associates is comprised of professionals empowered...Read more
Legislated Debt Solutions for Canadians
Jul 24, 2017
If you’re a Canadian struggling with unmanageable debt there are many avenues to consider. But did you know that there are only two options that are federally legislated to protect you from your creditors while you resolve your financial...Read more
Sands & Associates Answers your Top FAQs – Part II
Aug 2, 2016
Most people aren’t aware of how Consumer Proposals or personal bankruptcy work – so it’s no surprise that as Licensed Insolvency Trustees we get asked a lot of questions each and every day. We’ve asked some of our knowledgeable staff to answer the...Read more
Why do People File for Bankruptcy?
Mar 29, 2016
People often think that debt problems generally stem from poor budgeting or a tendency to overspend. The reality is that some of the most frequent leading factors that cause people to file a personal bankruptcy or consumer proposal are actually job loss or...Read more
CTV Morning Live – Ask an Expert: “What is Bankruptcy?”
Sep 14, 2015
Sands & Associates Vice-President and licensed Trustee Blair Mantin appeared on today’s CTV Morning Live segment “Ask an Expert”. An often misunderstood process, today’s episode asks: “What is bankruptcy?” Watch the clip here, and read more...Read more
Bankruptcy Trustees & Proposal Administrators: Fact VS Fiction
Aug 4, 2015
Nowadays there aren’t many taboos left in Canadian society, but one taboo that has persisted over the years is debt. Unfortunately our reluctance to talk about debt often results in a lot of misinformation being taken for truth, particularly where debt...Read more
What Debts does a Bankruptcy or Consumer Proposal Cover?
Mar 23, 2015
When investigating the different types of debt solutions available in Canada, two that offer federally licensed and regulated protection are bankruptcy and consumer proposals. While it’s generally understood that common debts such as credit cards, lines...Read more
Trustee in Bankruptcy Basics
Jun 23, 2014
If you’re considering meeting with a bankruptcy trustee about your debts you probably have a lot of questions about what a trustee does. If you’ve never even heard of a bankruptcy trustee or Consumer Proposal administrator there’s probably even more...Read more
5 Things You Didn’t Know About Bankruptcy
Apr 7, 2014
If you’re researching bankruptcy in BC you’ll find an overwhelming amount of available information, whether it’s from the internet, friends and family or even a financial advisor. Unfortunately, it won’t all be true… A lot of people tend to make up...Read more
Sands & Associates Releases Second Annual BC Consumer Debt Study
Jan 19, 2014
Sands & Associates, BC's largest firm of licensed Trustees in bankruptcy and consumer proposal administrators, today released results of a study offering insight into BC’s soaring consumer debt levels. As part of the second annual BC Consumer Debt...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
