BC Consumer Debt Help: Do You Know Your Consolidation Options?
Sep 28, 2020
In the most recent annual BC Consumer Debt Study undertaken by Sands & Associates, roughly 30% of indebted consumers polled said they waited to seek professional debt help because they didn’t know where to seek it – and over 35% of people who later...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
What Happens After Filing a Consumer Proposal
Aug 14, 2020
Consumer Proposals are a powerful debt management solution offered exclusively by Licensed Insolvency Trustees that can allow you to consolidate your debt legally, without borrowing or resorting to bankruptcy. Because a Consumer Proposal is not a loan, it is...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
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
What’s the Difference Between Credit Counselling and Consumer Proposals?
Dec 5, 2019
At a first glance credit counselling programs and Consumer Proposals may sound much the same. Although there are some similarities between these two debt consolidation options, there are also some key differences to understand. Read on for an overview and...Read more
Meet Tammy, Hear her Debt-Free Success Story
Nov 26, 2019
Unexpected life events can make it difficult to meet financial demands, and many Canadians find themselves struggling with money problems every year. We understand that it can be difficult to take the first step of asking for help, especially if you’re used...Read more
Meet Peter, Hear his Debt-Free Success Story
Oct 23, 2019
Life events beyond our control often have serious long-term financial consequences. Despite many people’s best efforts, they’re sometimes simply unable to continue to manage their debts on their own. It’s important for consumers and business owners to...Read more
Meet Ian, Hear his Debt-Free Success Story
Sep 30, 2019
Many people wait to seek help with their debts because they’re worried there is no solution to their situation, or they fear being judged for struggling to manage their finances. The truth is that money problems can happen to anyone, and there are real...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
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
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
What You Need to Know Before Consolidating Debt
Jun 10, 2019
First off – what do we mean by ‘debt consolidation’? Debt consolidation is a term that you hear a lot, and it typically means that you combine all of your debt into a single monthly payment, rather than paying each of your debts separately each month....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
What’s the Difference Between Credit Counselling and Debt Consolidation?
Feb 11, 2019
One of the first debt management tools most people research is a debt consolidation loan. Another debt solution that is a type of debt consolidation is a credit counselling program, often known as a Debt Management Plan (“DMP”). Although both options can...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
After Making a Consumer Proposal – What You Need to Know
Dec 17, 2018
No matter what stage of making a Consumer Proposal you may be at (even if you’re still considering one), you probably have questions about what to expect after your Consumer Proposal is finished. Below we’ve outlined some important information about what...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 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
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
How Much Does it Cost to File a Consumer Proposal?
Aug 20, 2018
A Consumer Proposal allows you to consolidate and cut your debt by up to 80%, without added fees or interest. You need to work with a Licensed Insolvency Trustee to file a Consumer Proposal and there is no added cost to you for the administration of your...Read more
What Debts Can a Consumer Proposal Consolidate?
Aug 13, 2018
Debt consolidation can streamline multiple debt balances and make paying off your debt simpler and cheaper – and with built-in options to reduce balances and stop future interest charges, a Consumer Proposal is one of the best ways to consolidate debt. Read...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
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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
