Debt Repayment Calculator
Please enter the estimated total value of your unsecured debts in the field below to see the various repayment options.
(Calculator is for demonstration purposes only and does not replace an actual consultation.)
Do Nothing with your debtspan Do Nothing with your debt, Assume that you will pay off all your debt within 5 years.
Consolidation Loan Option Consolidation Loan Example, Assume you will pay off all of your debt at a more reasonable interest rate. You must qualify with your bank for financing.
Orderly Payment of Debt Option Orderly Payment of Debt Option, You pay back all of your debt plus a fixed 5% interest rate.
Consumer Proposal (FABER) Pay a portion of your debt with no interest over 5 years.
Frequently Asked Questions
Bank of FAQ to support the calculator and questions users may have regarding its usage and output.
It is an agreement between a business and its creditors to restructure its debt
It is a process of gathering the information we need to find the most ideal debt restructuring plan for you.
A termination of a non-viable business
A business is defined as being insolvent when it can no longer pay its debts as they become due. Bankruptcy is a legal process administered under the Bankruptcy and Insolvency Act that provides the business with immediate protection against any further legal action by its unsecured creditors and provides a mechanism to liquidate the assets and provide a final accounting to the creditors.
It is a federal law that allows insolvent corporations to restructure their business and financial affairs
It is an in-depth review of a company’s financial position
Ready to talk about next steps? Faber has a team of experts ready to work with you in finding solutions and moving forward