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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      Personal Bankruptcy Questions, Myths, Facts & FAQs

      Bankruptcy. How does this word make you feel? For most people, the mere whisper of “bankruptcy” can inspire sensations of fear, dread, panic and shame. To put it bluntly, it has a reputation for being a big mood killer. But the truth is that bankruptcy is simply one financial tool designed to help people from all walks of life get back on track. It’s a helpful thing. For many, it’s the first step towards overcoming immense and stressful challenges. The “scary” and negative feelings associated with it are products of misinformation and half-truths about the bankruptcy process and its outcomes.

      Now that it’s 2021, we’re working hard to end the stigma associated with financial struggles, normalize asking for help, and empower people to make the best decisions for their futures. How are we going to do this? Our first step is to shed some light on frequently asked bankruptcy questions and debunk some common misconceptions.

      1. What happens when I declare bankruptcy?

      While you might be inclined to think the filing process is cumbersome and complicated, personal bankruptcy is often the quickest debt restructuring plan to complete. Did we mention it’s often the least expensive, too?

      Here’s how it works: Our experts will meet with you to explain the personal bankruptcy process, your rights, and the protection you’ll receive from creditors. From there, we’ll gather your financial information and prepare all of the necessary forms and reports for you to sign. Then, we’ll file your personal bankruptcy and send notice to all of your creditors. If you want more details on these steps, click here. The important thing to note: personal bankruptcy provides you with immediate protection against any further collection or legal action by your unsecured creditors.

      1. How long will it take to complete my bankruptcy?

      Most people are surprised to learn bankruptcy could take as little as nine months to complete. Here’s the breakdown:

        • If you’re filing bankruptcy for the first time and have no surplus income, the length of the bankruptcy is nine months.
        • If you have surplus income, the length of the bankruptcy is 21 months.
        • If you’re filing bankruptcy for a second time and have no surplus income, the length of the bankruptcy is 24 months.
        • If you have surplus income, the length of the bankruptcy is 36 months.
      1. Will I lose my car or home if I declare bankruptcy?

      Filing for bankruptcy does not mean you automatically lose everything. Typically, all the assets you own—including your house and car—will be retained by you, as they qualify as exempt assets under federal and/or provincial legislation. Of course, every financial situation is unique. That’s why our Licensed Insolvency Trustees will review your circumstances and options to help establish the best course of action.

      1. Can I purchase a home after I have declared bankruptcy?

      The good news is that it is possible to get a mortgage after bankruptcy! If you’ve filed for personal bankruptcy, the Canadian Mortgage and Housing Corporation will review your application as early as 18 months to two years after filing. Having a steady source of income, making a larger down payment and working to rebuild your credit are all important steps to help ensure your mortgage is approved at an optimal rate.

      1. Will my credit rating be destroyed?

      It’s likely your credit rating may already be compromised due to late or missed payments, collection action or legal action prior to bankruptcy. Once you do declare bankruptcy, you will be assigned an R9 credit rating, which will remain on your credit report for six years from the date of your discharge from bankruptcy. Want some positive news? You can immediately begin to re-establish your credit rating following this discharge.

      1. Is bankruptcy right for me?

      Personal bankruptcy is one just option available to help Canadians achieve a fresh financial start, but it is not the right solution for everyone. Our Licensed Insolvency Trustees will work with you to review the advantages and disadvantages of bankruptcy and how they apply to you.

      We hope this helps to answer your frequently asked bankruptcy questions and to dispel common myths and misconceptions. While people often feel a loss of control when it comes to the circumstances that lead to bankruptcy, there is power in knowing what options are available. Experts are waiting to walk you through it all. If you have more questions, or want to talk to a Licensed Insolvency Trustee to discuss your personal situation, contact us for a free consultation. We can help.

      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.