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Book an Appointment

Is it time for us to meet?

If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

We’re looking forward to taking the stress off your shoulders and helping you live life again.

1.877.944.1177








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Our Process

You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

Our process ends when your brighter days begin.

Payment Calculator

Easily Compare Payment Plans

The payment calculator is a tool to provide you with a preliminary overview and comparison of the 5 different restructuring plans available for your consideration in determining the restructuring plan that is best for you. The 5 restructuring plans include maintaining regular monthly payments to creditors, consolidation loans, orderly payment of debts, consumer proposals and bankruptcy. The calculator is not comprehensive or exhaustive and is intended for demonstration and discussion purposes only. There are many additional factors and variables that require consideration that are beyond the scope and capabilities of the calculator.

We invite you to contact our office to schedule your free, confidential, no obligation consultation to review your unique financial situation and to further evaluate the restructuring plan best suited to your unique financial situation to eliminate your debt and provide you with the fresh financial start you deserve.

Enter values to review different payment plans.

  • Mandatory fields outlined in red.
  • Mouseover the “?” icon for descriptions.

This calculator uses the following interest rates:

  • Regular repayment: 17%
  • Consolidation Loan: 12%
  • Orderly payments: 5%
  • Consumer proposal: 0%
  • Bankruptcy: 0%
Total Regular Payments:

Fill in form fields to see repayment options.

Consolidation Loan:

Fill in form fields to see repayment options.

Orderly Payment of Debt:

Fill in form fields to see repayment options.

Consumer Proposal:

Fill in form fields to see repayment options.

Bankruptcy:

Fill in form fields to see repayment options.

Ask an Expert

When Faber invites you to ask an expert, we’re talking about our Licensed Insolvency Trustees (LITs). LITs are qualified, federally regulated experts who are held to a high standard of professional conduct and code of ethics when providing services and performing their duties.

LITs are the only professionals authorized to administer government-regulated insolvency proceedings that allow you to be discharged from your debt, such as consumer proposals and bankruptcies.

When you seek advice from an LIT, whether in our offices or online, you can be confident that you are dealing with someone who has the knowledge, experience and skills to be granted a license from the Office of the Superintendent of Bankruptcy.

Any questions?


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4 Steps to Survive Uncertain Economic Times

For years, fans of the TV series Game of Thrones have lived with the dark foreshadowing that “Winter is coming”. Now Canadian economists are using the phrase, and they’re not talking about the Starks or the White Walkers.

Although this year will have its own set of challenges, including rising interest rates and a stagnant housing market, economic forecasts are predicting that income and employment levels in Canada will remain stable through 2019. But as we enter 2020, this period of economic growth is expected to slow, and that usually indicates the likelihood of a recession.

Here’s the good news: although the experts seem to agree that an economic winter is coming in 2020, there are steps you can take now to protect yourself from a financial chill.

1 – Know your situation

If your mortgage is coming up for renewal in the next year, you need to know what higher interest rates will do to your payments. Use an online calculator like this one to estimate your payments and talk to your banker or a mortgage broker about your options.

If you’re a long-term client, your bank may be more willing to help you, especially if you let them know you’ll be shopping around for a better rate. For example, you may be eligible for a blended mortgage, which involves combining the mortgage rate from your existing mortgage with the rate from a new mortgage and blending them into a new rate that’s somewhere between the two. And don’t be afraid to ask for the lowest rate—if you don’t ask, you’ll never know!

2 – Ease into a hardline budget

Make 2019 the year you track and analyze every dollar you spend. Can you buy groceries at a less expensive store? Are you keeping a strict eye on your entertainment spending? Can you cut back on cable TV or get by with one car rather than two? With ride share options, do you need even need to own a vehicle?

Make the tough decisions, and then make a budget. Can you reduce your expenses today to accommodate an increase in your mortgage payments tomorrow?

3 – Minimize your debt

Economists have different theories about paying off debt. Some advise you to pay off the debt with the highest interest rate first. Others say pay off the smallest debts first, so you feel a sense of accomplishment and stay focused and motivated. You might also save by consolidating your debts.

The bottom line is that you want to eliminate as much of your debt as possible this year. If you don’t know the best way to proceed, or you’re concerned about the amount of debt you have, seek the help of debt restructuring professionals, like the team of experts at Faber.

4 – Build that emergency fund

If you’re already struggling to meet the minimum payments on your credit cards, you may think that building an emergency fund can wait. That’s dangerous thinking.

A poll conducted by Ipsos a few years ago found that nearly half of Canadians were just $200 away from not meeting their payments and would be financially devastated if they lost their job. What would you do if you or your partner suddenly became unemployed?

Economists suggest having a reserve fund that will handle your living expenses and other financial obligations for three to six months. Dedicate as much money to this fund as possible. Watch for opportunities to save and opportunities to make extra money so you can pay off existing debt more quickly and build your emergency fund. Explore creative options—for example, are you zoned to turn your basement into a rental suite? If not, could you still take in a boarder or an international student to help generate extra income?

As you watch your reserve fund grow, you’ll be inspired to put more into it, and you’ll appreciate the security that it provides you.

Know that there are options

Being aware of your financial situation is the first step to avoid being hit hard by a tough economy. Stay informed. Keep your ears and eyes on the news and financial trends so you’re prepared as the markets change.

The second step is to put that awareness into action. These four tips will help you ride out a recession, but if you require additional assistance, the experts at Faber are here to help.

If you’re currently struggling to meet you financial obligations and finding that your debt is accumulating, rather than decreasing, you don’t need to wait for a recession to hit to talk to a professional about your situation.

The fact is that debt-restructuring strategies such as Consumer Proposals and Personal Bankruptcies are just tools that allow for a fresh financial start. As Licensed Insolvency Trustees, the team at Faber can provide you with immediate protection from creditors and a plan for regaining control of your financial future.

Our 16 offices across Alberta offer consultations at no charge. They are totally confidential and judgment free. Contact us today to book your appointment.

Our Process

You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

Our process ends when your brighter days begin.

Payment calculator

Easily Compare Payment Plans

The payment calculator is a tool to provide you with a preliminary overview and comparison of the 5 different restructuring plans available for your consideration in determining the restructuring plan that is best for you. The 5 restructuring plans include maintaining regular monthly payments to creditors, consolidation loans, orderly payment of debts, consumer proposals and bankruptcy. The calculator is not comprehensive or exhaustive and is intended for demonstration and discussion purposes only. There are many additional factors and variables that require consideration that are beyond the scope and capabilities of the calculator.

We invite you to contact our office to schedule your free, confidential, no obligation consultation to review your unique financial situation and to further evaluate the restructuring plan best suited to your unique financial situation to eliminate your debt and provide you with the fresh financial start you deserve.

Enter values to review different payment plans.

  • Mandatory fields outlined in red.
  • Mouseover the “?” icon for descriptions.

This calculator uses the following interest rates:

  • Regular repayment: 17%
  • Consolidation Loan: 12%
  • Orderly payments: 5%
  • Consumer proposal: 0%
  • Bankruptcy: 0%

Total Regular Payments:

To see your debt repayment options please enter values in the form above.

Consolidation Loan:

To see your debt repayment options please enter values in the form above.

Orderly Payment of Debt:

To see your debt repayment options please enter values in the form above.

Consumer Proposal:

To see your debt repayment options please enter values in the form above.

Bankruptcy:

To see your debt repayment options please enter values in the form above.

Ask an Expert

Book an Appointment

Is it time for us to meet?

If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

We’re looking forward to taking the stress off your shoulders and helping you live life again.

1.877.944.1177








This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.