Debt is not just a financial vulnerability; it can weigh heavily on your emotions. If you’re feeling overwhelmed and unsure of your best option, we’re here to help.
Financial stress can take a toll on your business. If you’re unsure what to do next, we’re here to help you navigate your options with clarity and support.
Faber was founded in Edmonton and has grown to 14 locations across Alberta. As a locally owned and operated firm, we offer powerful, forward-thinking debt relief solutions for individuals, families, and business owners.
We pride ourselves on putting you first because, at Faber, we don’t just work for you; we work with you. We’re the only Alberta-based non-national insolvency firm specializing in corporate debt restructuring for small-to-mid-sized businesses.
Our exclusive focus on debtor services rather than creditor recovery means your best interests are always our top priority.
What makes Faber different is that you will always speak directly with a Licensed Insolvency Trustee (LIT). That means no middlemen and no national call centres. Just trusted local experts committed to helping you move forward.
Navigating debt can be overwhelming, but knowing your options makes it easier to take control. Our Licensed Insolvency Trustees (LITs) help Albertans understand the right solution for their financial situation, whether it’s personal or business debt.
**Note: Each option has unique considerations. Learn more to find the best fit for your situation.
Best fit for: Individuals unable to manage unsecured debt.
Debt Type Covered: Most unsecured debts (credit cards, loans, etc.).
Impact on Credit: On report 6 years after discharge.
Payment Structure: Most debts discharged; may lose assets.
Length/Timeline: Typically, 9–21 months.
Best fit for: Individuals wanting to avoid bankruptcy with structured repayment.
Debt Type Covered: Most unsecured debts; secured debts excluded.
Impact on Credit: On report 3 years after completion.
Payment Structure: Repay part of debt over 3–5 years.
Length/Timeline: Up to 5 years.
Best fit for: Businesses or directors with personal liability for corporate debt.
Debt Type Covered: Corporate debts, often with personal liability.
Impact on Credit: Similar to bankruptcy if personally liable.
Payment Structure: Negotiated repayment or asset plan.
Length/Timeline: Varies by negotiation
A federally regulated professional who provides advice and solutions to help individuals and businesses manage debt while protecting their interests. At Faber, you work directly with an LIT from day one.
If you’re considering a fresh approach to your financial challenges, you may be wondering, “What happens next?” Our goal is to make the process clear, supportive, and as stress-free as possible.
You’ll never experience judgment or pressure, we’re here to help.
We provide solutions tailored to your unique circumstances.
In your initial meeting, we’ll take the time to get to know you and understand your situation. From there, we’ll guide you through each step, exploring the options that can move you forward with confidence.
We can help you weigh your debt-relief options so that you can make a confident and well-informed decision.
