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At Faber, we understand the stress financial difficulties create. When ignored, financial stress may affect your health, job, relationships, children and overall wellbeing.


We also understand that there are a number of different reasons individuals experience financial stress at some point during their lifetime. Illness, job loss, injury, relationship problems, income tax debt, credit card debt, limited retirement income, business failure and high interest rate loans are only a few of the unfortunate circumstances that contribute to financial stress.


When you schedule your free initial consultation with Faber, you will meet in person with one of our federally licensed Trustees in Bankruptcy. Faber Trustees have the education, knowledge and experience to fully understand your unique financial situation, and we will take the time during the initial consultation to review with you in detail all of the debt restructuring options available to resolve your financial difficulties and eliminate your financial stress.


Let Faber help you find the debt restructuring solution that is right for you!

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Meet the Faber Inc. Team

Faber Inc. has been providing financial solutions to Albertans for more than 17 years. We have helped thousands of individuals receive the fresh financial start they deserve through a personal bankruptcy, consumer proposal or other debt restructuring plan.

Dan Faber, CA, CIRP

Dan Faber, CA, CIRP

Licensed Insolvency Trustee (LIT)

CEO - Faber Group of Companies

Dan McDicken, CIRP

Dan McDicken, CIRP

Licensed Insolvency Trustee (LIT)

President

David Adams, CIRP

David Adams, CIRP

Licensed Insolvency Trustee (LIT)

Vice President

Duncan McNabb, CA, CIRP

Duncan McNabb, CA, CIRP

Licensed Insolvency Trustee (LIT)

Free Initial Consultation

  • June 03, 2016 - Faber Inc. 0 Comments
    Income Tax Debt – How It Occurs, How It’s Minimized, and What Happens When You Can’t Pay

    Many Canadians are unable to pay their personal income taxes when they are due despite incentives to defer tax in a Registered Retirement Savings Plan (RRSP). A primary reason for failing to pay tax, besides tax evasion, is failing to adequately plan for taxes owed, followed by a resultant inability to pay. It is easy for tax to surmount if you are self-employed and have no income tax deducted at source or have multiple jobs and insufficient tax deducted at source. Apparently, Canada lags behind other countries in terms of the breadth and depth of withholding tax. For example, withholding tax rates are low on RRSP and pension withdrawals and non-existent on certain income sources, such as the Universal Child Care Benefit.

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  • May 24, 2016 - Faber Inc. 0 Comments
    Financial Stresses of Divorce

    The cost of living is a major concern for Albertans, which is made higher when a marriage breaks down. When a couple divorces, there are potentially substantial legal fees involved in resolving how to split assets and debt, and income by means of spousal and child support. Further, there are increased costs of taking care of two households and childcare with the same income you had when you lived together.

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  • May 20, 2016 - Faber Inc. 0 Comments
    How the Oil Shock Has Impacted Canada’s Job Market

    The decrease in oil prices is a bonus for consumers, but for those in the oil industry, these lower prices mean higher unemployment rates. Alberta and other oil-sensitive areas of Canada are taking quite the hit. According to a report in the Globe and Mail in January 2015, the industry’s unemployment rate was 4.5 percent, but by February it jumped to 5.3 percent, and the worst is yet to come.

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  • March 31, 2016 - Faber Inc. 0 Comments
    Understanding Your Credit Score

    Your credit score is a very important aspect of your financial health. It is a measure lenders consider to be your default risk, as the risk premium that must be added to the price at which you borrow. Your credit score or credit rating is something that can take years to build up slowly and tumble down ever so quickly. When you apply for a credit card, personal loan, mortgage, certain insurance (some provinces have restrictions), for business needs or even a cell phone, your credit score matters. It can make the difference between getting the terms you are seeking (e.g., the interest rate and/or credit limit) or being approved for a loan or credit at all. Even getting a place as a tenant or hired for a contract job can be challenging if your credit rating is poor. Having knowledge about how to build and maintain good credit rating is critical. Also important is how to avoid a falling credit score.

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  • March 15, 2016 - Faber Inc. 0 Comments
    Protecting Against Identity Theft and Fraud

    Identity theft is the fastest growing type of fraud in Canada. It refers to the unauthorized attainment, possession or trafficking of personal information or the unauthorized use of information to create a false identity or to assume/takeover an existing identity in order to personally profit financially, with access to goods or services or to conceal criminal activities.

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  • March 02, 2016 - Faber In. 0 Comments
    Identifying Compulsive Shopping and What to Do About It

    Getting into the habit of spending is very easy to do and it explains why many people have surmounting credit card debt. Advertising is effective and everywhere, and there seemingly unlimited choices available to tempt us. Over half of Canadians use credit cards to make most purchases and nearly half of Canadians are carrying credit card debt, according to a Global News article siting BMO’s 2015 Credit Card Report. Further, a quarter of Canadians are stuck in a vicious cycle of paying off their credit card bill with all their available funds and then racking up additional debt for other expenses.

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  • February 16, 2016 - Faber Inc. 0 Comments
    Calgary Layoffs

    Oil and gas prices are translating to particularly rough times for the oil and gas workers affected even though drivers may be pleased to see the lower numbers on the signs outside their local gas stations. Given the economy’s reliance on this industry, particularly in Calgary and generally around the world, it is no wonder that the trend of falling oil and gas prices is impacting employment at a fast rate.

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  • May 21, 2015 - Faber Inc. 0 Comments
    Alberta Job Market Takes Its Toll, but You Can Survive

    The Alberta government recently released their labour force statistics for March 2015 and the numbers were grim. With the unemployment rate up by 0.02 and the national rate staying steady at 6.8 percent, many consumers are worried about what is to come for the rest of the year.

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  • November 11, 2014 - Faber Inc. 0 Comments
    Buried in Debt: How to Know It’s Time to Talk with an Insolvency Professional

    For years, you’ve been completely independent, able to pay all your bills on time. But now, your life has been thrown for a loop, and you find yourself in a desperate financial situation. Although it takes a lot of humility to do so, remember that it’s okay to ask for help. When you can’t handle your debt on your own, the best way out is to consult with a professional.

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  • November 04, 2014 - Faber Inc. 0 Comments
    Is Bankruptcy Right for You? 3 Points to Consider Before Filing

    Dealing with debt is like swimming in the ocean during a storm: sometimes you’ll just barely keep your head above water and other times you’ll be drowning in it. If you’re struggling to make ends meet, then filing for bankruptcy can seem like a life jacket, your last hope for financial survival.

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  • October 20, 2014 - Faber Inc. 0 Comments
    Consumer and Corporate Insolvency: What to Expect

    Unfortunately, bankruptcy is a reality for many businesses and individuals. Although the prospect of bankruptcy is alarming, it needn’t be completely overwhelming. Being aware of the process will give you a peace of mind. It will also help you feel confident facing your financial dilemmas.

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