Our response to COVID-19. Learn more.

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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Has Your Business Adapted to the COVID-19 economy?

If you only know one thing about the Alberta economy, it’s probably the phrase “boom and bust.” And, if you run a business in Alberta, you’ve had to adjust to this reality. It’s the cost of doing business. If you’re lucky, the highs balance out the lows.

But this current recession, caused by the impact of the global coronavirus pandemic, is different. To prepare for this uncertain future, businesses need to understand where the economy is at right now and what that means for things in the future. It’s certainly not the Alberta economy of boomtimes – but this won’t last forever.

Like everywhere, Alberta’s economy is getting hit

First off, let’s look at how bad the impact is. In April, Alberta lost almost 244,000 jobs, bringing the jobless rate in the province to 13.4 per cent. That’s the third highest in the country — the Canadian average is 10 per cent. Premier Jason Kenney estimated the unemployment rate could go as high as 25 per cent.

Nationally, more than three million people have lost their jobs. (In the U.S., small businesses cut more than 11 million jobs in April alone.) It’s not just because of coronavirus, although that’s most of it. Alberta was already suffering from record-low oil prices, which caused production to rapidly decline to just seven per cent of production in December 2019. Only 7 per cent of businesses plan to hire full-time staff in the next three months; half are planning to lay off employees.

The low prices will dramatically affect the provincial budget, too, whose projected revenues were based on a significantly higher oil price. And the oil and gas sector is slashing its capital budgets, often by drastic amounts, resulting in job losses and pay reductions. Agriculture, another major industry in Alberta, is being hit by a slowdown in the meat-packing sector; McDonald’s Canada recently announced that it’d be buying beef from suppliers outside of Canada.

All this combines to make Alberta particularly hard-hit. According to RBC, Canada’s real GDP will contract by 4.9 per cent in 2020, but Alberta’s will shrink by 8.2 per cent. Calgary recorded the largest number in Canada of people leaving the workforce, at almost 26,000 people.

Albertans aren’t spending like they used to

If you’re in the business of selling consumer goods, you’re already aware that Albertans are buying fewer of them compared to before the recession. Alberta had already been dealing with reduced consumer spending since the recession that began in 2014. For example, according to ATB Financial, the number of new cars and trucks sold in Alberta was still 15 per cent lower in May 2019 than in May 2014 before the recession took hold.

Albertans were already buying fewer houses, too. Home sales dropped to their lowest level in more than six years in February 2019, according to the Canadian Real Estate Association (CREA).

Now, coronavirus has affected consumer spending even further. Retail vehicle spending in Canada dropped by almost half in March, and experts expect April and May, and beyond, will see even more-dramatic declines. And in Alberta, where the busts tend to be more acute than in other provinces, vehicle sales will likely be particularly depressed. Of course, vehicle sales are typically used as a barometer for other types of consumer spending. In other words, if car sales are expected to be down, sales in other sectors will likely be down, too.

Another “barometer” industry is real estate, and the numbers are ominous. In Calgary, for example, there were fewer than 600 sales in February – a 63 per cent decrease compared to April 2019. This has also caused a decline of about eight per cent in the average home price and a drop in the number of new listings as well.

In the Edmonton region, there was a 55 per cent drop year over year in residential units sold in the first quarter of 2020. From March to April 2020, sales declined by 35 per cent. Adding to this is the fact that the Alberta Real Estate Association has outlawed open houses, and realtors have implemented strict regulations around viewings. Century 21 Elevate Real Estate, for example, is using video technology for as many meetings as possible and requiring people to drive in separate vehicles on the way to showings.

Alberta businesses are worried

All these factors make business owners – small business owners in particular – worried about the road ahead. According to the Canadian Federation of Independent Business (CFIB), half of all small businesses in Alberta are concerned about the likelihood of surviving past May.

There are several programs intended to help these small businesses. The Canada Emergency Business Account is providing interest-free loans, but those will need to be paid back at some point. Wage subsidies are helping businesses keep some employees on payroll. There is also a Canada Emergency Commercial Rent Assistance program designed to help small businesses pay rent during this slowdown. Some groups in Alberta recommend direct cash payments to small businesses, and similar approached have been taken in other provinces.

However, small businesses typically operate on razor-thin margins anyway, so they can only survive for so long when demand is down by so much. RBC economists predict that every province will experience double-digit unemployment numbers before they gradually come back down in the second half of 2020.

Good news is on the horizon

Slowly, businesses are starting to reopen, hopefully ushering in an economic rebound. In Alberta, some businesses began to reopen on May 14, with subsequent phases of reopening occurring after that.

Golf courses already reopened before May 14, and non-emergency surgeries had already resumed. Other specialists, including social workers, dentists and physiotherapists were already back to work, following strict health rules from their professional associations.

Some Alberta businesses even grew during the pandemic, given the increased demand in sectors such as retail grocery and other food-related businesses. And, according to the CFIB, business confidence actually improved in the second half of April – business confidence in Alberta was higher than the national average.

Here’s what you can do

In the meantime, there are several things that small businesses can do to help them weather the boom and bust. It’s never a bad time to work on business development, like looking for new clients or diversifying your products and services, even when demand is diminished. You can review your pricing – you might find that lowering your prices will get you through slow periods. And, finally, don’t be scared to diversify. Periods of low growth can be an opportunity to reflect on your mission and how you’re achieving it. When things get busy again, you’ll have your hands full.

If you want expert advice on the options available for your business, set up and appointment with one of our corporate recovery team members today!

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.