Credit Card Debt and COVID-19 Pandemic Pushing BC Bankruptcies and Proposals – Revealing New Debt Study Goes Beyond the Numbers
Jan 11, 2021
Credit card debt five times more problematic than other types of debt reported; COVID-19 pandemic called out as factor in over half of personal insolvency filings since March 2020. The 2020 BC Consumer Debt Study conducted by Licensed Insolvency Trustee...Read more
Office Spotlight: Sands & Associates Cranbrook
Dec 28, 2020
Sands & Associates, British Columbia’s largest firm of Licensed Insolvency Trustees focused on debt services for individuals and small businesses, is proud to announce an addition to our local office network in the Kootenay’s region with the opening...Read more
What You Should Know About CERB Repayment Debt
Dec 21, 2020
As Licensed Insolvency Trustees we regularly hear from BC residents looking for advice, guidance and solutions on how they can manage a variety of consumer and business-related debts, including debt for money owing to both provincial and federal...Read more
4 Reasons to Get a Debt-Free Plan Today
Dec 14, 2020
The BC debt help specialists at Sands & Associates work with people across the province every day who are seeking a better way to manage their debts and get a financial fresh start. Whether it’s being unsure where to turn for answers, believing a...Read more
Helping with a Debt Problem – What You Can (and Shouldn’t) Do
Dec 2, 2020
In times of hardship many of us turn to loved ones for support – and a financial crisis is no different. As Licensed Insolvency Trustees, Sands & Associates is often contacted by people who are seeking debt advice and guidance while trying to help a...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
Tips to Help Manage Your Debt Stress
Nov 4, 2020
November is Canada’s Financial Literacy Month, with this year’s 10th anniversary theme aimed at helping Canadians learn how to manage their finances in challenging times. As BC’s largest firm of Licensed Insolvency Trustees focused on providing debt...Read more
What You Should Know About Debt Help Services in BC
Oct 20, 2020
Need some advice on how to deal with your debt? Have your found yourself facing a financial crisis, or are you just plain tired of making monthly payments that never seem to get you ahead? When it comes to finances there are experts in every area, and it’s...Read more
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
Debt Expert Do’s and Don’ts for Managing Your Debt
Sep 2, 2020
Whether due to a loss of income, unexpected expenses, illness, or a relationship ending, most people don’t expect to find themselves in a situation where they are struggling financially and can’t meet their debt payments. When seeking debt advice from a...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
Pandemic Financials: 4 Debt Management Pitfalls Consumers Should Avoid
Aug 4, 2020
Although British Columbians have thus far seen success in flattening our curve in the fight against COVID-19, our battle against money woes may be far from over. With consumer savings already low and household debt levels at an historic high, for many...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
Tips for Dealing with Credit Card Debt
Jun 16, 2020
Although one of the most common types of debts consumers can have – credit cards also tend to be the most problematic, that’s according to a BC Consumer Debt Study released earlier this year by Licensed Insolvency Trustees Sands & Associates. Credit...Read more
5 Free Debt Management Resources
May 12, 2020
Each year thousands of consumers across the province seek professional debt help solutions from Licensed Insolvency Trustees, Canada’s only government-endorsed debt management professional. For most of these people, knowing what debt management resources...Read more
What to do When You Can’t Pay a Student Loan in Canada
Apr 24, 2020
While studies have shown that students are often optimistic about their ability to earn great wages after graduation and easily repay their debts, the reality is that many may people wind up juggling student loans, in addition to other debt accumulated during...Read more
Debt Management Tips to Help Navigate the COVID-19 Crisis
Apr 3, 2020
As Licensed Insolvency Trustees serving the entire province, the debt help experts at Sands & Associates are no strangers to assisting individuals and businesses in overcoming challenging financial situations – we aid thousands of BC residents each year...Read more
5 Myths about Tax Debt
Mar 10, 2020
Although Canada Revenue Agency states that 9 out of 10 individuals who owe tax pay it on time, that still leaves a large number of Canadians carrying tax debt every year – adding up to billions in tax debt outstanding. With this year’s tax season upon...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
New Consumer Debt Study Suggests Debt Education Lacking
Feb 14, 2020
The 2019 BC Consumer Debt Study recently released by BC Licensed Insolvency Trustees Sands & Associates has local debt help professionals concerned about where the apparent lack of financial literacy and specifically awareness of debt help may be leaving...Read more
Insolvent Consumers Weigh in on Warning Signs of Debt Problems
Feb 13, 2020
It may be one thing to hear financial advice and warnings from professionals and analysts, but it can be quite another to hear that advice from someone who’s lived through their financial tipping point. The recently released annual BC Consumer Debt Study...Read more
The True Cost of Debt – Beyond Financial Impacts
Feb 12, 2020
A new BC Consumer Debt Study recently released by Sands & Associates, the province’s largest firm of Licensed Insolvency Trustees focused exclusively on debt help for consumers and small businesses revealed startling findings, digging deep beyond the...Read more
Consumer Debt Study Reveals Insights into Debt Problems in BC
Feb 10, 2020
The latest annual BC Consumer Debt Study was released today by Sands & Associates, and findings may be surprising - especially for consumers who think they’re safe from the potential pitfalls of debt. Senior Vice-President of Sands & Associates...Read more
Credit Card Debt Driving Insolvencies – Even for Consumers with Full-Time Employment and Good Credit Scores
Feb 10, 2020
VANCOUVER, BRITISH COLUMBIA – February 10, 2020 Working full-time and hold a good credit score? That might not be enough to keep a debt problem from setting in. A new BC debt study shows over 70% of BC residents who filed for bankruptcy or made a...Read more
Office Spotlight: Sands & Associates Vernon
Jan 24, 2020
If you’re a BC consumer looking for options to consolidate your debt, have debts forgiven, or simply get a plan to better manage your debt, a Licensed Insolvency Trustee is your best ally. We are Canada’s only official debt help professionals dedicated...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
