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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.

    Consumer Proposal

    What is a Consumer Proposal?

    At Faber, our objective is to provide you with forward thinking debt solutions. That means understanding your personal situation, exploring the options and finding the perfect debt resolution for you. Our Licensed Insolvency Trustees are experts at this.

    One of the most popular alternatives to personal bankruptcy in Canada is a consumer proposal, a legal process administered under the Bankruptcy and Insolvency Act. A consumer proposal gives you the flexibility to negotiate a settlement to pay all or a portion of your unsecured debts over a maximum of five years.

    Enjoy peace of mind

    When a consumer proposal is filed, you receive immediate protection against further action from unsecured creditors, including the Canada Revenue Agency for income tax debt or GST debt. Telephone calls, collection or legal action, and wage garnishments stop. Bank account seizures and unencumbered asset seizures will be terminated immediately.

    If you owe between $1,000 and $250,000, you may file a consumer proposal. The $250,000 maximum threshold does not include secured debts like a mortgage on your principal residence.

    If you owe more than $250,000 you may want to consider filing for Personal Bankruptcy.

    It could be a win-win situation

    A consumer proposal is likely to be accepted by your unsecured creditors as it provides a “greater financial recovery” for your unsecured creditors than they would receive if you file a personal bankruptcy.  When we use the term “greater financial recovery” it could include one or more of the following:

    • a one-time lump sum payment
    • distributing payments to your unsecured creditors more frequently than in a bankruptcy
    • reduced administration fees
    • paying more into the consumer proposal on a monthly basis or for a longer period of time than would be required in a personal bankruptcy

    A consumer proposal must be made through a federally regulated Licensed Insolvency Trustee who is known as the Proposal Administrator. The Proposal Administrator will file your consumer proposal and send notice to your unsecured creditors who respond with a voting letter to either accept or reject your consumer proposal. If the unsecured creditors vote to accept your consumer proposal by a simple majority (50% or more) and the court approves it, your consumer proposal becomes a binding legal contract that applies to all your unsecured creditors, even if some of your unsecured creditors voted to reject your consumer proposal or did not vote at all.

    What if my consumer proposal is rejected?

    If the unsecured creditors vote to reject your consumer proposal, then we must explore other options to resolve your unsecured debts.

    Fortunately, the unsecured creditors are more likely to accept consumer proposals, as they know they will receive a “greater financial recovery” from your consumer proposal than they will receive from a personal bankruptcy.

    Do you have questions? Contact one of our Licensed Insolvency Trustees.

    I wish to thank you for your understanding through my ordeal. For the compassion and thoughtfulness of what I was going through.

    Sonia B.

    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.

    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.