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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      Start 2021 on the Right Financial Foot

      Last year wasn’t easy. But by setting some goals for your business, you can make 2021 a year of growth.

      Small businesses are the backbone of the Canadian economy, making up 98 per cent of all businesses in the country and 95 per cent of businesses in Alberta. Yet they’re also bearing the brunt of the COVID-19 pandemic, with many small businesses laying off employees, racking up debt or going out of business altogether.

      According to Statistics Canada, almost 25 per cent of businesses with 19 or fewer employees saw their revenue drop by 40 per cent in late 2020 compared to the year prior. For even smaller businesses, it’s worse: of businesses with one to four employees, about six per cent were considering bankruptcy or about to close because of COVID-19.

      Of course, the COVID-19 pandemic has affected bigger businesses too. More than 30 per cent of businesses with more than 500 employees reported revenue declines of more than 20 per cent. Yet for smaller businesses with between five and 19 employees, 56 per cent reported a similar drop in revenue. And 60 per cent of businesses with just one to four employees reported this same decline.

      In other words, the last year has been hard on businesses of all sizes, as well as their employees. In October 2020, Edmonton had the highest unemployment rate in the country, at 12 per cent, and the province’s unemployment rate was almost 11 per cent. The pandemic is shaping up to be even worse for employment than the 2008 recession.

      Make financial resolutions for your business

      As individuals, we like to make New Year’s resolutions. They’re a convenient way to imagine where you want to be by this time next year, and then set targets to hit along the way. Sure, we don’t all live up to every single one of them, but sometimes the journey itself is what counts. So why not do the same thing for your business and start your 2021 off on the right foot? (Yes, it’s a little after January 1, but who’s counting? It’s never too late to start!) So, if you’re wondering how to elevate your business in 2021, how can you rebound after a setback like this? In this blog, we’ll help you set some New Year’s resolutions and start working towards them.

      Of course, if you own a business, you already have some goals in mind. Maybe you have specific revenue or production targets. Those are all crucial, but it’s also important to take a step back from the numbers and set some broader goals for yourself—goals that don’t depend on hitting certain numbers, goals that you can still work toward if the year doesn’t go as predicted.

      Here are some resolutions you can start working on today to better prepare your business for the rest of the year.

      Find financial supports for your business

      As you surely know, there are a number of different financial supports available to businesses, whether federally or provincially. You are likely already aware of many of these programs. The Canada Emergency Wage Subsidy, for example, is used by many businesses. Yet it’s worth your time to examine all the different supports that are offered and see if any apply to you. Taking advantage of these programs will put you on equal footing with other businesses and will help you go as far as you can in 2021. These supports are meant for businesses like yours!

      There are many different financial options for businesses when it comes to addressing liquidity problems or access to capital. The Business Development Bank of Canada, a development bank owned by the Government of Canada, has compiled a list of support measures in this area. There are too many to list here, but they range in nature from subsidies, employment insurance top-ups and loans to non-repayable contributions, and can either be general (for example, applicable to businesses of all sizes) or specific to certain businesses (such as small businesses). Some of these programs apply to businesses in all kinds of different industries, while some are targeted—for example, loans offered to farmers or entrepreneurs.

      Further, there are different financial supports available to businesses depending on what province or territory you’re in. There are also different supports that can be accessed through regional development agencies, and different supports offered to Indigenous businesses and Black entrepreneurs.

      For Albertans, the Alberta Biz Connect page is a helpful resource for businesses.

      Additional financial tips for business owners

      That’s the big one, but here are some other New Year’s resolutions you can adopt going into 2021:

      Renegotiate contracts

      You can always renegotiate—or try to renegotiate—contracts with your vendors or suppliers, or even with the financial institutions that you’ve borrowed money from. Many other businesses are dealing with the same uncertainty you are, and they may be willing to be flexible. This could save you money in the long run and may create better terms for you in the near future as well.

      One thing to consider is that if you are having issues around cash flow or access to capital, you may want to renegotiate payment terms. For example, you may be able to change weekly payments to monthly payments.

      Set some money aside—even if it’s not much

      They say that saving money is sort of like making money. It’s true—if you’re not spending as much, or if you’re putting money aside every month, it can feel like more money is coming into your account. So, if this last year has affected your ability to make money, why not put aside some revenue and at least feel like you’re making more money?

      Keep a handle on your debt

      According to a recent LendingTree survey, almost three quarters of businesses took on debt to deal with losses from the COVID-19 pandemic. Chances are, your business is one of them.

      This isn’t necessarily a bad thing—banks and governments have facilitated this borrowing precisely because businesses need it. The debt is what helps some businesses stay open.

      Invest in your employees

      “Investing” doesn’t necessarily mean money. With revenue yet to return to normal levels, this might not even be a possibility. But you can reward your employees in other ways. It could be as simple as creating an employee recognition plan or getting employees to participate in team-building exercises.

      The important thing to remember is that your employees are vital to the success of your business, so this period can be an opportunity to strengthen your relationship with them. Further, team-building exercises can be a good way to spend time if your business isn’t quite as busy as it used to be.

      Let Faber help you achieve these financial goals

      These are just a few simple resolutions you can set for yourself. As always, Faber is here to help your business through this rough patch. If your business is experiencing financial difficulties, you can always contact us and explore your options. We’ll schedule your free confidential consultation with one of our professionals and find the right corporate debt solutions for your business—there are many options beyond bankruptcy.

      With our expert advice, you can be sure to start 2021 on the right foot.

      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.