Why a Licensed Insolvency Trustee is Your Best Debt Help Resource
Sands & Associates Blog
by Blair Mantin
1w ago
If you’ve found yourself worried about managing your debt and wondering what you should – or even can – do to get out of debt, you’re not alone. Struggling with debt can feel overwhelming and isolating and many Canadians are unsure where to turn for help. Fortunately, debt is a problem like many others in that it does have solutions and Canadian consumers have an ally in this – Licensed Insolvency Trustees. Read on to learn why a Licensed Insolvency Trustee (“LIT”) is your best debt help resource, and the key benefits to talking with a Licensed Insolvency Trustee for support. About Licensed In ..read more
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Do I Qualify for Personal Bankruptcy?
Sands & Associates Blog
by Blair Mantin
1M ago
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 bankruptcy in Canada – a Consumer Proposal. How Do I Qualify for Bankruptcy Debt Relief? Bankruptcy is a legal process intended to provide honest but unfortunate individuals relief from unmanageable debt and a financial fresh start. In Canada, there are few criteria that need to be met to qualify for the debt relief bankruptcy offers. Whether bank ..read more
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Bad Credit? Here’s What You Can Do
Sands & Associates Blog
by Blair Mantin
2M ago
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 re-establishing a positive credit history and boosting your credit rating – and what consumers should avoid doing. Where Your Credit Score Comes From Your credit score is a constantly changing number (between 300 and 900, with 900 being the best) that is calculated based on your credit history, and you’ll gain or lose points depending on your actions ..read more
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What Happens to my Tax Filings if I Make a Consumer Proposal or File Bankruptcy?
Sands & Associates Blog
by Blair Mantin
3M ago
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 consolidating and cutting debt with a Consumer Proposal, or having debt forgiven through personal bankruptcy, impacts your personal tax filings, tax debt, refunds, and more. How Does a Consumer Proposal Work?  A Consumer Proposal is a special type of consolidation solution that allows you to manage virtually all your debts in one streamlined payment ..read more
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Unqualified Debt Advisors – What Consumers Need to Know
Sands & Associates Blog
by Blair Mantin
3M ago
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 advice. What Professionals Offer Consumer Debt Management Services in Canada? There are two types of debt help professionals in Canada: Licensed Insolvency Trustees and informal debt service providers, who may use many different titles. Titles like credit counsellor, debt advisor, or debt consultant are not regulated ‘professionals’ and anyone can ..read more
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Working with a Licensed Insolvency Trustee – What to Expect
Sands & Associates Blog
by Blair Mantin
4M ago
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 and debt repayment planning to Consumer Proposal debt consolidation and bankruptcy debt forgiveness. When and Why Would I Work with a Licensed Insolvency Trustee?  A Licensed Insolvency Trustee is a legally qualified and federally endorsed debt solution expert. We are Canada’s only official debt help professionals, and if you are facing ..read more
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New BC Study Explores Personal Debt Problems in the Province
Sands & Associates Blog
by Blair Mantin
4M ago
The latest BC Consumer Debt Study shows that BC’s costs of living have become a key cause of debt problems, and challenges dealing with debt are taking a significant toll on the personal wellbeing of thousands of British Columbians. Having polled over 1,700 participants who recently restructured their debts using a legal debt solution, the 2023 BC Consumer Debt Study offers a unique view into consumer debt issues in the province. Blair Mantin, President of Sands & Associates, the firm of Licensed Insolvency Trustees who undertook the study, joined CTV News to discuss the study’s findings ..read more
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Increasing Number of Consumers Turning to Credit for Costs of Living, with Impacts to Mental Health and More – Latest BC Consumer Debt Study
Sands & Associates Blog
by Blair Mantin
4M ago
More than 7 in 10 individuals polled in the 2023 BC Consumer Debt Study said overwhelming stress was how they knew their debts were becoming a problem.  Findings from the 2023 BC Consumer Debt Study were released today, presenting a unique exploration of consumer debt issues in the province. The eleventh annual study surveyed over 1,700 people from around the province who recently restructured their debts using a Consumer Proposal, or filed for Bankruptcy, inviting these individuals to share honest personal insights into their experiences dealing with debt, and finding solutions to these ..read more
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What Assets Can I Keep if I Declare Bankruptcy?
Sands & Associates Blog
by Blair Mantin
4M ago
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, without losing all your assets. In fact, in British Columbia most people filing for personal bankruptcy keep all their assets. Read on to learn about what happens to your assets if you declare bankruptcy in BC. What Does it Mean to File for Bankruptcy in Canada? Bankruptcy is a legal solution to help people get relief from and resolution for ..read more
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The Debt-Free Difference
Sands & Associates Blog
by Blair Mantin
4M ago
Making debt payments month after month can seem never-ending, and being debt-free too far off to imagine. If you’re feeling frustrated with your debt, or as though you’ll never get your debt paid off – know that you are not alone in this, and that debt-free IS possible! Read on to learn some of the ways being debt-free can change your life, and hear some expert tips to help you get there faster. As Canada’s only licensed debt experts, Licensed Insolvency Trustees help people every day who are looking for debt solutions, and we see many positive changes in our clients once they make the decisio ..read more
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