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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How to Navigate a Financial Crisis

In our former blog, 4 Steps to Survive Uncertain Economic Times, we discussed some of the darker financial predictions forecast by economists. We also included some proactive steps to help mitigate those predictions and work to lessen the potential financial fallout. To recap these steps were:

  1. Know Your Situation
  2. Ease Into A Hardline Budget
  3. Minimize Your Debt
  4. Build That Emergency Fund

However, since we originally wrote this blog, our global environment has drastically shifted. As such, we would like to revisit and revise these tips with some of the latest information we have on hand regarding the COVID-19 crisis.

As people from around the world struggle to come to terms with the extensive and far-reaching impacts of this pandemic, we would like to highlight the various government benefits available to help ease the corresponding financial burden. There are also steps we as individuals can take to help navigate this crisis, build our resiliency and work towards financial recovery.

1 – Know your Situation And Your Available Benefits

In our previous blog, step one was “Know Your Situation” and we discussed such things as keeping on top of mortgage renewal dates, educating yourself on how changing interest rates will impact your budget and learning what different options are available to you. Click here for a refresher.

To revise this tip for the world we’re living in today, we’re amending it to read “Know Your Situation And Your Available Benefits.” There are many new funding and supportive measures in place to help those struggling financially. To lessen any monetary challenges you might be experiencing, it’s important to stay informed and understand what you’re entitled to. Here’s a quick list of some of the benefits that are available:

  • Mortgage and loan deferrals to eligible applicants
  • Utility bill deferrals
  • Student loan deferrals
  • Employment insurance to those who qualify
  • Canada Emergency Response Benefit to those who qualify
  • Canada Child Benefit (an increase in $300 to eligible applicants)
  • GST rebate increase
  • Eased rules for Registered Retirement Income Funds

This is a quick list, but more detailed information is available on the Government of Alberta website.  We also have a new blog that discusses these benefits in greater detail. Check it out.

2 – Ease into a hardline budget

Our previous blog discussed the benefits of a budget. It mentioned keeping track of your spending, analyzing your habits and determining where you can make cutbacks. This step is always a critical one. We do recommend that you start a budget, if you haven’t already. Here are some tips to help you get started.

Budgeting during a pandemic certainly is not easy but here are some steps you can follow:

  • Look at your essential expenses and compare it to the income or benefits you are currently incurring or expect to receive.
  • Review your nonessential purchases and see what can be reduced or cancelled.
  • If necessary, look at the bills that can be deferred and explore the options that are available to you.
  • If you continue to experience budgetary shortfalls, contact us for information on your best next steps.
  • If you have available dollars left in your budget, you might want to consider building your Emergency Fund. See step 4 below.

3 – Minimize your debt

The third tip in our original blog encouraged people to minimize debt. Generally this is done by:

  • Creating a budget to stop incurring new debt and to better understand where you money is going.
  • Forming a plan and allocating a specific portion of your household income towards debt repayment.
  • Making the most viable choices for your situation, which might include such things as debt consolidation for example.

In today’s world, many people have experienced a drastic reduction to their household income. Debt minimization may feel out of reach. If you are in this situation and unsure how to proceed, our team of experts and debt restructuring professionals can help. Contact us for information and tailored solutions for your unique financial situation.

4 – Build that emergency fund

An emergency fund is a reserve fund that is designed to handle your living expenses and other financial obligations for three to six months in case of any unforeseen financial circumstances. If you are able to do so, you may want to continue dedicating money towards an emergency fund to prepare for the impacts of this pandemic.

Understand Your Options

If you have concerns regarding your financial future, know there are various debt-restructuring strategies that can help. As Licensed Insolvency Trustees, the team at Faber can work with you to design a plan for your financial future. While we continue social isolation, we remind you that you are not alone. Our experts are here to help. Contact us 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.