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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








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

    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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      Life After Debt Part Two: Five Simple Tips for Rebuilding Your Credit

      You’ve taken the plunge. After much thought, deliberation and contacting an expert you’ve finally taken steps toward financial freedom. You’ve put up a good fight. It may have taken you months, years, or maybe even decades to raise your white flag against one of modern day’s toughest opponents—debt—resulting in a credit score that could use a little TLC.

      All this time, you may have been treating your growing consumer or small business debt like the crumbs that have fallen on your kitchen floor—they’re not that noticeable, not to anyone except you. Your schedule is so packed that the last thing you care about right now are a few crumbs. The few crumbs could be the unexpected purchase you had to charge to your credit card or the small business loan you took out to repair equipment that is essential to your business operations.

      Pretty much everyone you know has debt anyways, we tell ourselves, and we’ve done the best we could have given our circumstances. For a little while, we feel relieved. We’ve successfully shuffled the crumbs into the corners and cracks. On the surface it looks like the problem is fixed, however without a plan in place to pay off the debt it’s easy to forget that we don’t just owe what we borrowed, but we get also get hit with interest– daily.

      Fast forward to a future date and your workload is still relentless. You’ve continued to burn the candle at both ends and are so exhausted by the end of the day that you are hitting snooze (again) and running out the door before having time to clean up (again). Rinse and repeat. You haven’t increased your income or cut back on your spending since taking on more debt. The interest is piling up and soon, you are barely able to make the minimum payments. It makes for a big clean up once you’ve finally gotten past the point of turning a blind eye and pretending everything is in order when it’s clearly not.

      Congratulations. Now that we’re all on the same page, let’s take a moment to congratulate you for doing what a lot of people won’t muster the courage to do:

      Seek advice on how to get out of the mess you are currently in.

      Many people believe that claiming personal bankruptcy or filing a consumer proposal ruins your credit forever.

      The truth is it can be a necessary leap to reach to the land you’ve always dreamed of:

      The land of good credit, where borrowing is easy and your budget is always in the green!

      You CAN rebuild your credit – you just need to know what to expect.

      In this blog, we’ll offer you 5 simple tips for rebuilding your credit – whether you’ve filed for personal bankruptcy, applied for a consumer proposal or want to improve your credit score.

      1: Pay down your debts

      If you haven’t already, you may want to consider a consumer proposal. A consumer proposal allows you to negotiate a settlement to pay all or a portion of your unsecured debts over a period up to five years.

      In Life After Debt Pt. 1, we discuss the difference between personal bankruptcy and a consumer proposal and how these options may affect your purchasing and borrowing.

      2: Apply for small amounts of credit – but not too frequently

      Credit is tricky, we don’t try to deny it. While it is important to build credit, you don’t want to apply for credit too often, since every attempt is noted on your credit report, and ultimately helps determine your credit score. This is called “credit shopping.” A general rule of thumb is to wait six months before applying for additional credit.

      To learn more about how your credit score is determined and how you can improve your score, check out our blog, “Understanding Your Credit Score.”

      3: Get a secured credit card

      A secured credit card will help you build credit again, albeit much more slowly than a conventional card. It requires a cash deposit guaranteeing your credit limit, and the limit is typically lower than an unsecured credit card.

      Instead of treating a credit card as something you reserve for when you don’t have enough money in your bank account, a secured credit card forces you to have the money before making a purchase. With a secured credit card, you are retraining your brain to only purchase what you can afford and by building healthy habits when it comes to spending, you will begin to notice improvements in other areas of your life: reduced stress, anxiety, depression, and relationship satisfaction.

      Remember, slow but steady wins the race and this is especially true with your finances. If you learn how to use credit wisely now, you will reap the rewards for the rest of your life.

      4: Practice responsible finances

      Make a plan. Set a budget and stick to it.

      You can learn as much as you want about how to do something, but if you don’t sit down and figure out how you are going to apply the information to your own life by creating an action plan and holding yourself accountable to the plan, you will not achieve your desired results.

      Remember the land of good credit? It’s a hard pill to swallow, but those who end up there don’t get there by spending more than they make.

      Start by creating a budget. Our personal expenses should be separate from our small business expenses. In your personal budget, make sure to include the little things, like Netflix and Amazon subscriptions, as they can creep up over time.

      If you can consistently spend less than you earn, make credit payments on time and put a little away each month, you will see your credit score start to improve. Apps like Credit Karma allow you to check your score regularly without impacting your score. Every week, you will find an updated score that is calculated by TransUnion. Being able to monitor your progress and watch your score skyrocket will be so rewarding!

      5: Be patient

      Changes to your credit score won’t happen overnight. Be patient and stick to your budget – you don’t have to borrow large amounts of money to rebuild your credit.

      The Financial Consumer Agency of Canada states that TransUnion and Equifax will remove the notation of a consumer proposal from your credit report three years after the proposal has been completed, while a record of bankruptcy will stay on your credit report for seven years. This is important to consider when making a decision about the best way for you to get out of debt. You will want to think of your short and long-term goals when deciding which method is best for you.

      The best thing you can do for your financial health and future is to take action today. Contact us today to take the first step towards rebuilding your credit.

      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.