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.
A consumer proposal is a powerful, government-regulated alternative to bankruptcy. It’s a legally binding agreement between you and your creditors to repay a portion of your unsecured debt — often reducing what you owe by up to 80%. Filed by a Licensed Insolvency Trustee (LIT), a consumer proposal immediately stops collection calls, wage garnishments, and interest charges, giving you the space and support to rebuild.
Your trustee at Farber will help you create a fair, realistic repayment plan based on what you can afford. You’ll make one fixed monthly payment — often much lower than your current debt payments — typically over a period of up to five years, providing a clear path to debt relief.
With a consumer proposal, you can hold onto key assets like your home, vehicle, and RRSPs — unlike bankruptcy, which may require you to give some of those up. It’s a practical solution that helps you deal with debt without losing what you’ve worked hard for.
Once your proposal is filed, interest on your debts stops building — and creditors can’t pursue legal action like wage garnishments or lawsuits. That means less pressure and more space to focus on your finances.
You’ll make one manageable monthly payment based on your budget, usually much lower than your current total payments. Repayment is typically spread out over up to five years, giving you a stable, structured way to regain financial control.
Not sure if a consumer proposal is right for you? 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.
You may qualify for a consumer proposal if you:
Consumer proposals can cover a wide range of unsecured debts, including:
Farber provides both in-person and virtual debt help in Saskatchewan, making it easy to access expert support wherever you are.
Our team of insolvency trustees is federally licensed and has been helping Canadians reduce their debt since 1979.
Every person’s debt story is different — which is why we tailor every consumer proposal to your financial reality with empathy, clarity, and no pressure. We also offer debt counselling services to help you build long-term financial habits and stay on track after your proposal is complete.
You guys really went above and beyond to lower my debt and make my monthly payments manageable, which is awesome! I especially want to thank Sabira Jiwani and Barry for their incredible assistance. They were so helpful and patient, and I really appreciate it. Thanks to you all!
Farber made this quick and easy and straight to the point. They were very professional and prompt with their services and willing to help. A friend of mine referred me to them and today five years later is buying his first home and was able to restart his finances and im grateful to say Farber has helped me be able to start over. Thank you your services were greatly appreciated
Never knew Farber existed until a couple of weeks ago. I'm still surprised that more Canadians don't know about this wonderful lifetime opportunity! I gladly started to speak to friends and colleagues who are in debt about Farber Debt Solutions. It felt great to help a friend with this information, especially when he told me how satisfied he was about feeling debt free. On top of that, I was glad to see that there is a counselling program that gives support, education and guidance on managing debt. Thank you so much and I encourage anyone who is reading this review to inform a friend who is not aware that there is real help. Thank you again for freeing my years of burden.
We have offices across Saskatchewan, including: