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Learn More About How To Get Started

Your path to financial health begins here.

It’s normal to feel overwhelmed and we understand. Somewhere along the line ‘debt’ became a four-letter word. As your partner, we’re here to help you achieve financial health as quickly and responsibly as possible. For over 40 years we’ve helped people understand the difference between ‘good debt’ and ‘bad debt’. And we want to share what we’ve learned with you.

Let’s Get Started.

Most of us will do almost anything to avoid talking about money (in particular, debt) but there comes a time when it’s important to know the signs that tell you, you might need help. As a start, ask yourself these questions.

  • Do you have difficulty paying your bills on time?
  • Do you only make minimum payments on your credit cards or sometimes miss a payment?
  • Do you go over limit on your credit cards, overdraft or line of credit?
  • Have you missed a mortgage or loan payment?
  • Are you getting phone calls from collection agencies or companies you owe money to?
  • Most importantly, do you ever feel stressed and anxious about your financial situation? 

These are some of the terms we believe are important for you to become familiar with.

Consumer proposal: a formal agreement, made between you and the companies you owe money to, for you to pay less than you currently owe. The proposal is made on your behalf by a Licensed Insolvency Trustees (LIT), who are the only people the government has licenced to do so.

Insolvency: generally means you’re at a point when you’re unable to pay all of your debts.

Bankruptcy: occurs when you can’t pay even a significantly reduced amount, and must sign over most of your assets to be sold to pay for your outstanding debts.

There are many options to help you with your debt. With so many to choose from, it can be difficult to know which one is right for you. Learn more about the various debt relief options below, and know that you can always schedule a FREE consultation with us to discover how they can apply to you. 


Budgeting:  A budget is a list of monthly income and expenses, including rent, food, and other needs, created to balance the amount of money coming in with the expenses going out.  

Debt consolidation loan:  This type of loan gathers up all of your debt (such as credit cards and loans) and bundles it together into one simple and convenient monthly payment with the help of a bank or other lender. 

Credit counselling:  A licensed credit counsellor can discuss your financial pressures with you, then help come up with some solutions for keeping the debt under control and your household’s spending within reason.  

Debt management plan:  A debt management plan is a personalized strategy created with the assistance of a credit counsellor and details how to tackle debt pressures and pay down the amounts owed to companies as quickly as possible.  

Debt settlement plan:  A debt settlement plan is a method of resolving your debt pressures with the companies you owe money to and can either be in the form of a consumer proposal or a personal bankruptcy (or in some cases, an informal agreement with a credit counselling firm). 

Consumer Proposals:  A formal debt settlement arrangement filed by a licensed insolvency trustee under the power of the federal Bankruptcy and Insolvency Act to protect you from the companies you owe money to — the proposal settles the debt for a percentage of what was originally owed with no further interest being paid.

Filing for Bankruptcy:  A debt settlement filed by a licensed insolvency trustee under the federal Bankruptcy and Insolvency Act to protect you from the companies you owe money to.  It does involve signing over most of your assets to allow you to clear up all your unsecured debt quickly and affordably.

Support from the start: We know money doesn’t define who you are, that’s why we begin with a confidential chat that helps us get to know you better and to help us better understand your financial situation. No commitment.

Create a plan together: When you partner with us, we’ll help you learn that not all debt is bad, and that there is such a thing as good debt. 

Realize the possibilities: Debt is reduced. The company you owe money to stop calling. Stress goes away. Throughout this journey, our goal is to support and guide you towards managing debt today, and set you up to enjoy a healthier relationship with your money tomorrow.

Tip: The advantages of dealing with a Licensed Insolvency Trustee 

Licensed Insolvency Trustees (LITs) are licensed and regulated by the Canadian government, and can file two powerful debt solutions that could address your financial situations.  These include filing a consumer proposal or filing for bankruptcy on your behalf.  Be aware that unlicensed, unregulated debt consultants cannot offer the same solutions.

Debt Payment Calculator

Use our debt calculator to better understand how and when you can achieve financial health.

The stress & mental anguish of debt is overwhelming. From the moment I spoke with Jenny I felt supported & understood. Jenny & A Farber have given me a new start of which I will be forever grateful.

— Ms Hill, 2022

Why Farber

With over 40 years of debt solutions experience, we understand the stress that debt can put on all aspects of life.

We’ve partnered with many people just like you to find the confidence that comes with building a better relationship with money and leave their debt behind.

Ready to chat? We’re ready to listen. Click the FREE CONSULTATION button, or give us a call!