A consumer proposal in Nova Scotia is an alternative to bankruptcy
While not everyone is familiar with it, a consumer proposal can be a powerful debt-relief option that may significantly reduce or even eliminate what you owe. It must be filed through a Licensed Insolvency Trustee (LIT), like our team.
What is a consumer proposal?
A Legal Debt Settlement Option
A consumer proposal is a federally regulated debt relief option that allows you to settle your unsecured debts for less — often reducing what you owe by up to 80%. Instead of juggling multiple payments, you’ll make one affordable monthly payment based on your financial situation.
At Farber, our Licensed Insolvency Trustees (LITs) handle every step of the consumer proposal process — from reviewing your debt to filing your proposal and communicating with creditors. We ensure the process is secure, government-compliant, and free of upfront fees, so you can focus on moving forward with confidence.
Regulated by the Federal Government
At Farber, our trustees handle every step of the consumer proposal process — from initial consultation to final discharge — with care, transparency, and no upfront fees. You can trust us to manage your proposal legally, securely, and with compassion.
Advantages of a Consumer Proposal in NS
Stops Legal Action & Interest
Once your consumer proposal is officially filed, all interest charges stop immediately. So do collection calls, wage garnishments, and legal action — giving you the breathing room you need.
Keep Your Property
Unlike bankruptcy, a consumer proposal allows you to keep your key assets, including your home, vehicle, and RRSPs, while still resolving your debt.
Affordable Monthly Payments
All eligible debts are combined into a single monthly payment tailored to your income and budget — making it easier to manage your finances without added stress.
Want to compare your options? You may need to seek out debt counselling or debt consolidation services to help you explore all your debt relief options. These services are offered by credit counselling agencies or financial institutions like a bank.
Who Qualifies for a Consumer Proposal in Nova Scotia?
Basic Eligibility Requirements
You may be eligible for a consumer proposal if you:
- Owe less than $250,000 in unsecured debt (excluding your mortgage)
- Are unable to repay your debts in full
- Have a steady, reliable source of income
Debts That Can Be Included
A consumer proposal can cover a wide range of unsecured debts, such as:
- Credit card debt
- CRA tax debt
- Payday loans
- Lines of credit
Need help understanding your financial picture?
Explore our counselling services for one-on-one support.
Take the first step
How the Consumer Proposal Process Works in Nova Scotia
Meet virtually or in person with a Licensed Insolvency Trustee in Halifax or anywhere in Nova Scotia to discuss your situation.
Your Farber Trustee will develop a realistic repayment plan based on your income and file it with the federal government.
Your creditors have 45 days to vote. If a majority agree, the proposal becomes legally binding for all creditors.
Start making interest-free monthly payments directly to Farber. Once complete, the rest of your eligible debt is officially forgiven.Still unsure if it’s right for you?
Why Choose Farber in Nova Scotia?
Local Experts, National Reach
From Halifax to smaller towns, our team understands the challenges Nova Scotians face. We’re part of your community and ready to help.
Trusted Since 1979
Since 1979, Farber has helped over 200,000 Canadians resolve their debt with confidence. You can count on us every step of the way.
Friendly, Judgment-Free Support
Debt is stressful — but you don’t have to face it alone. At Farber, we offer empathetic, practical support with zero pressure and no shame.
Talk to a Nova Scotia Debt Expert
Whether you’re in Halifax or elsewhere in the province, you can meet with a Licensed Insolvency Trustee from Farber in person or remotely. We’ll walk you through your debt relief options — clearly and without judgment.
Thank you! For making my experience amazing. It’s not always easy to come to this conclusion and you guys made it enjoyable. Very patient, knowledgeable, respectful etc
Process was simple and easy. Got this done in a short space of time, everything explained appropriately. Jasleen made me real comfortable and was empathetic to my circumstance. Thoroughly went through document and explained everything. Also advised how to help myself in future by completing early to bring score back up if I can. Highly recommend Farber. This isn’t an easy thing to do, but appreciate the care and attention placed to make this process easier.
Very friendly and knowledgeable They thoroughly explained all my options and the best way to handle my debt. I have already referred your company to a few other people I know in the same situation. Thank to your staff for helping