[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"getPageData-\u002Fconsumer-proposal\u002Fultimate-guide-en":3,"getGlobalData-en":655},{"id":4,"slug":5,"title":6,"date":7,"content":8,"uri":9,"status":10,"allFlexBlocks":11,"pageNavigation":12,"seo":14,"liveChat":18,"languageCode":20,"translations":21,"flexBlocks":22},"cG9zdDo3MzI2","ultimate-guide","The Ultimate Guide to a Consumer Proposal in Canada","2026-06-15T14:27:30",null,"\u002Fconsumer-proposal\u002Fultimate-guide\u002F","publish","[{\"fieldGroupName\":\"StandardHeader\",\"heading\":\"The Ultimate Guide to a Consumer Proposal in Canada\",\"text\":\"A \u003Ca href=\\\"\\\u002Fconsumer-proposal\\\" class=\\\"text-teal underline hover:no-underline\\\">consumer proposal\u003C\\\u002Fa> is a legally binding debt relief option that lets Canadians repay a portion of their unsecured debt while avoiding bankruptcy. This guide covers how it works, eligibility, costs, and how Farber as a Licensed Insolvency Trustee in Canada can help.\",\"image\":{\"iD\":3235,\"id\":3235,\"title\":\"Why a LIT\",\"filename\":\"Why-a-LIT.png\",\"filesize\":1757257,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT.png\",\"link\":\"\\\u002Fwhy-a-licensed-insolvency-trustee\\\u002Fwhy-a-lit-2\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"why-a-lit-2\",\"status\":\"inherit\",\"uploadedTo\":443,\"date\":\"2024-07-10 13:14:00\",\"modified\":\"2024-07-10 13:14:00\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":1920,\"height\":1140,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-150x150.png\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-300x178.png\",\"medium-width\":300,\"medium-height\":178,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-768x456.png\",\"mediumLarge-width\":768,\"mediumLarge-height\":456,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-1024x608.png\",\"large-width\":1024,\"large-height\":608,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-1536x912.png\",\"1536x1536-width\":1536,\"1536x1536-height\":912,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT.png\",\"2048x2048-width\":1920,\"2048x2048-height\":1140,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT.png\",\"gform-image-choice-sm-width\":300,\"gform-image-choice-sm-height\":178,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT.png\",\"gform-image-choice-md-width\":400,\"gform-image-choice-md-height\":238,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT.png\",\"gform-image-choice-lg-width\":600,\"gform-image-choice-lg-height\":356},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT.png\"},\"button\":null,\"backgroundColor\":\"bg-gold-lightest\",\"spacing\":[]},{\"fieldGroupName\":\"KeyTakeawaysToc\",\"enableKeyTakeaways\":true,\"keyTakeawaysContent\":\"\u003Cul>\\n\u003Cli>A consumer proposal is a legally binding agreement filed through a Licensed Insolvency Trustee (LIT) that lets you repay only a portion of your unsecured debt with one affordable monthly payment and no interest.\u003C\\\u002Fli>\\n\u003Cli>You keep your assets; including your home, car, and savings, as long as you maintain any secured loan payments.\u003C\\\u002Fli>\\n\u003Cli>Immediate protection begins the moment you file: collection calls stop, wage garnishments stop, lawsuits pause, and interest freezes.\u003C\\\u002Fli>\\n\u003Cli>Most proposals last 3-5 years, but you can pay them off early if your situation improves.\u003C\\\u002Fli>\\n\u003Cli>Costs are built into your monthly payment; Trustee fees are government-regulated and are never added on top of your proposal offer amount.\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\",\"enableTableOfContents\":true,\"tableOfContentsItems\":[{\"id\":\"what-is-a-consumer-proposal\",\"title\":\"What Is a Consumer Proposal?\"},{\"id\":\"how-it-differs-from-other-debt-relief-options\",\"title\":\"How It Differs from Other Debt Relief Options\"},{\"id\":\"who-qualifies-for-a-consumer-proposal\",\"title\":\"Who Qualifies for a Consumer Proposal?\"},{\"id\":\"consumer-proposal-vs-bankruptcy-vs-debt-consolidation\",\"title\":\"Consumer Proposal vs. Bankruptcy vs. Debt Consolidation\"},{\"id\":\"how-much-does-a-consumer-proposal-cost\",\"title\":\"How Much Does a Consumer Proposal Cost?\"},{\"id\":\"how-consumer-proposal-affects-your-credit\",\"title\":\"How a Consumer Proposal Affects Your Credit\"},{\"id\":\"what-happens-after-you-file\",\"title\":\"What Happens After You File\"},{\"id\":\"benefits-of-filing-a-consumer-proposal\",\"title\":\"Benefits of Filing a Consumer Proposal\"},{\"id\":\"risks-and-misconceptions \",\"title\":\"Risks and Misconceptions\"},{\"id\":\"how-to-choose-the-right-lit\",\"title\":\"How to Choose the Right Licensed Insolvency Trustee\"},{\"id\":\"consumer-proposal-by-province\",\"title\":\"Consumer Proposal by Province\"},{\"id\":\"how-to-get-started-with-farber\",\"title\":\"How to Get Started with Farber\"},{\"id\":\"is-a-consumer-proposal-right-for-you\",\"title\":\"Is a Consumer Proposal Right for You?\"},{\"id\":\"faq\",\"title\":\"Frequently Asked Questions About Consumer Proposals\"},{\"id\":\"book-a-free-consultation-today\",\"title\":\"Book a Free Consultation Today\"}]},{\"fieldGroupName\":\"TextEditor\",\"supertitle\":\"\",\"heading\":\"\",\"textAlignment\":\"center\",\"wysiwygEditor\":\"\u003Cp class=\\\"lg:text-xl\\\" style=\\\"text-align: left;\\\">Debt can take over more space in your life than you expect. Showing up when bills pile up, when prices climb, or when your phone rings with another number you don\\u2019t want to answer. You’re not alone in feeling that pressure. Canadians everywhere are trying to keep up with rising costs, higher interest rates, and debt that seems to grow faster than it shrinks.\u003C\\\u002Fp>\\n\u003Cp class=\\\"lg:text-xl\\\" style=\\\"text-align: left;\\\">If you\\u2019ve reached the point where juggling payments feels impossible, it doesn\\u2019t mean you\\u2019ve failed. That\\u2019s why many people turn to consumer proposals: a straightforward, often misunderstood option that lets you legally reduce what you owe, protect your assets, and finally regain control.\u003C\\\u002Fp>\\n\",\"anchorId\":\"\",\"padding\":[\"top-padding\"],\"width\":\"12\\\u002F12\",\"backgroundColor\":\"bg-white\",\"border\":false},{\"fieldGroupName\":\"ImageTextBanner\",\"image\":{\"iD\":2781,\"id\":2781,\"title\":\"What you need to know\",\"filename\":\"What-you-need-to-know-1.png\",\"filesize\":197810,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1.png\",\"link\":\"\\\u002Fconsumer-proposal\\\u002Fultimate-guide\\\u002Fwhat-you-need-to-know-4\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"what-you-need-to-know-4\",\"status\":\"inherit\",\"uploadedTo\":7326,\"date\":\"2024-06-27 14:56:36\",\"modified\":\"2026-06-15 18:27:30\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":1024,\"height\":1074,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1-150x150.png\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1-286x300.png\",\"medium-width\":286,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1-768x806.png\",\"mediumLarge-width\":768,\"mediumLarge-height\":806,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1-976x1024.png\",\"large-width\":976,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1.png\",\"1536x1536-width\":1024,\"1536x1536-height\":1074,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1.png\",\"2048x2048-width\":1024,\"2048x2048-height\":1074,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1.png\",\"gform-image-choice-sm-width\":286,\"gform-image-choice-sm-height\":300,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1.png\",\"gform-image-choice-md-width\":381,\"gform-image-choice-md-height\":400,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1.png\",\"gform-image-choice-lg-width\":572,\"gform-image-choice-lg-height\":600},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhat-you-need-to-know-1.png\"},\"supertitleStyling\":\"regular\",\"supertitle\":\"What is a Consumer Proposal?\",\"badgeNumber\":\"\",\"heading\":\"A simple and effective option for reducing debt\",\"text\":\"\u003Cp>A consumer proposal is a legally binding debt\\u2011settlement agreement, filed through a Licensed Insolvency Trustee under Canada\\u2019s \u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"https:\\\u002F\\\u002Flaws-lois.justice.gc.ca\\\u002Feng\\\u002Facts\\\u002FB-3\\\u002F\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Bankruptcy and Insolvency Act\u003C\\\u002Fa>, that allows individuals to repay only a portion of their unsecured debt through fixed, affordable monthly payments while receiving full protection from creditors. At Farber Debt Solutions, a federally regulated Licensed Insolvency Trustee, we help individuals repay only a portion of their unsecured debt in accordance with guidelines set by the \u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"https:\\\u002F\\\u002Fised-isde.canada.ca\\\u002Fsite\\\u002Foffice-superintendent-bankruptcy\\\u002Fen\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Office of the Superintendent of Bankruptcy (OSB)\u003C\\\u002Fa>. There\\u2019s no interest added, no new loans taken out, and no surprise fees.\u003C\\\u002Fp>\\n\u003Cp>When a consumer proposal is filed, collection calls, garnishments, and lawsuits stop immediately. Interest is frozen, and your debt stops growing. You keep your home, car, and personal belongings while maintaining any secured payments, giving you stability and breathing room during the proposal.\u003C\\\u002Fp>\\n\",\"button\":null,\"anchorId\":\"what-is-a-consumer-proposal\",\"backgroundColor\":\"bg-white\",\"imageContainer\":\"contained\",\"imageSize\":\"4\\\u002F12\",\"layout\":{\"desktop\":\"imageContent\",\"mobile\":\"imageContent\"},\"textAlignment\":{\"desktop\":\"left\",\"mobile\":\"left\"},\"bodyTextSize\":\"base\",\"showArrowBelow\":false,\"spacing\":[],\"buttonStyling\":\"light\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"\",\"type\":\"manual\",\"accordion\":[{\"title\":\"How It Differs from Other Debt Relief Options\",\"content\":\"\u003Cp>Before people learn about consumer proposals, they usually try everything else first. They file consolidation loans, refinance their property, switch balances between cards, or try to outpace interest by making larger payments. \u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"\\\u002Fdebt-relief\\\u002F\\\">But those options still rely on strong credit\u003C\\\u002Fa>, steady income, and lender approval and they don\\u2019t reduce the amount you owe.\u003C\\\u002Fp>\\n\u003Cp>At the end of the day, a consumer proposal is a middle-ground solution for people who want to repay part of their debt but need a realistic plan to do it.\u003C\\\u002Fp>\\n\"},{\"title\":\"Why Consumer Proposals Have Grown in Canada\",\"content\":\"\u003Cp>Consumer proposals have become quite popular, which is reflected in \u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"https:\\\u002F\\\u002Fised-isde.canada.ca\\\u002Fsite\\\u002Foffice-superintendent-bankruptcy\\\u002Fen\\\u002Fstatistics-and-research\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">national insolvency filing statistics\u003C\\\u002Fa> published by the OSB. Consumer insolvencies remained historically high: Canada recorded 140,457 consumer insolvency filings in 2025, a 2.3% increase over 2024, marking the second\\u2011highest annual volume on record since tracking began in 1987. This surge underscores how dramatically the \u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"\\\u002Fthe-three-truths\\\u002F\\\">financial landscape has shifted\u003C\\\u002Fa> for many households. Inflation has pushed everyday costs higher, interest rates have climbed rapidly, and many people who were comfortable just a few years ago are now feeling squeezed.\u003C\\\u002Fp>\\n\u003Cp>What makes proposals appealing is that they offer something rare in stressful times: predictability. You know exactly how much you\\u2019ll pay, and you know when it will end. There\\u2019s no guessing, no interest creeping back in, and no juggling multiple payments. It brings structure to a situation that has felt chaotic for too long.\u003C\\\u002Fp>\\n\"}],\"faqs\":null,\"outro\":\"\",\"button\":\"\",\"anchorId\":\"\",\"padding\":[\"bottom-padding\"],\"margin\":[],\"width\":\"8\\\u002F12\"},{\"fieldGroupName\":\"ImageTextBanner\",\"image\":{\"iD\":3236,\"id\":3236,\"title\":\"Why a LIT 2\",\"filename\":\"Why-a-LIT-2.png\",\"filesize\":285946,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2.png\",\"link\":\"\\\u002Fwhy-a-licensed-insolvency-trustee\\\u002Fwhy-a-lit-2-2\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"why-a-lit-2-2\",\"status\":\"inherit\",\"uploadedTo\":443,\"date\":\"2024-07-10 13:17:06\",\"modified\":\"2024-07-10 13:17:06\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":1024,\"height\":1074,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2-150x150.png\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2-286x300.png\",\"medium-width\":286,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2-768x806.png\",\"mediumLarge-width\":768,\"mediumLarge-height\":806,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2-976x1024.png\",\"large-width\":976,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2.png\",\"1536x1536-width\":1024,\"1536x1536-height\":1074,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2.png\",\"2048x2048-width\":1024,\"2048x2048-height\":1074,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2.png\",\"gform-image-choice-sm-width\":286,\"gform-image-choice-sm-height\":300,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2.png\",\"gform-image-choice-md-width\":381,\"gform-image-choice-md-height\":400,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2.png\",\"gform-image-choice-lg-width\":572,\"gform-image-choice-lg-height\":600},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FWhy-a-LIT-2.png\"},\"supertitleStyling\":\"regular\",\"supertitle\":\"\",\"badgeNumber\":\"\",\"heading\":\"When To Consider a Consumer Proposal \",\"text\":\"\u003Cp>A proposal might be worth exploring if you\\u2019re constantly choosing which bill to pay first, or if you\\u2019re making monthly payments and your balances never move. It\\u2019s also common for people to consider a proposal when collection calls start, when high interest becomes unmanageable, or when they\\u2019re relying on credit just to get through the month.\u003C\\\u002Fp>\\n\u003Cp>Many Canadians who use proposals are hardworking people who have just hit a financial wall because of rising costs, job changes, unexpected expenses, or simply life happening too fast. \u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"\\\u002Fwhat-you-need-to-know\\\u002F#debt-help\\\">If you\\u2019re struggling to keep up despite your best efforts\u003C\\\u002Fa>, you\\u2019re already in the range where a proposal could help.\u003C\\\u002Fp>\\n\",\"button\":{\"title\":\"Book a FREE consultation\",\"url\":\"\\\u002Fbook-a-consultation\",\"target\":\"\"},\"anchorId\":\"when-to-consider\",\"backgroundColor\":\"bg-gold-lightest\",\"imageContainer\":\"contained\",\"imageSize\":\"5\\\u002F12\",\"layout\":{\"desktop\":\"contentImage\",\"mobile\":\"imageContent\"},\"textAlignment\":{\"desktop\":\"left\",\"mobile\":\"left\"},\"bodyTextSize\":\"base\",\"showArrowBelow\":false,\"spacing\":[],\"buttonStyling\":\"dark\"},{\"fieldGroupName\":\"Steps\",\"introduction\":{\"supertitle\":\"How Does a Consumer Proposal Work?\",\"heading\":\"What You Can Expect From Start to Finish in the Proposal Process\",\"button\":{\"title\":\"Learn About Consumer 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16:54:55\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\"},\"text\":\"Step 1: Meet With a Licensed Insolvency Trustee (LIT)\"},{\"icon\":{\"iD\":3329,\"id\":3329,\"title\":\"icons8-duration-finance\",\"filename\":\"icons8-duration-finance.svg\",\"filesize\":4660,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"link\":\"\\\u002Fcmpgn\\\u002Fdebt-consolidation\\\u002Ficons8-duration-finance\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-duration-finance\",\"status\":\"inherit\",\"uploadedTo\":2857,\"date\":\"2024-07-22 09:50:36\",\"modified\":\"2024-07-22 09:59:09\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-duration-finance.svg\"},\"text\":\"Step 2: Evaluate Debts and Create a Proposal\"},{\"icon\":{\"iD\":2740,\"id\":2740,\"title\":\"icons8-schedule\",\"filename\":\"icons8-schedule.svg\",\"filesize\":2590,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"link\":\"\\\u002Ffinancial-fit-check\\\u002Ficons8-schedule\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-schedule\",\"status\":\"inherit\",\"uploadedTo\":353,\"date\":\"2024-06-24 15:00:15\",\"modified\":\"2024-07-02 22:15:52\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-schedule.svg\"},\"text\":\"Step 3: Creditor Review and Approval\"},{\"icon\":{\"iD\":2729,\"id\":2729,\"title\":\"icons8-cash-in-hand\",\"filename\":\"icons8-cash-in-hand.svg\",\"filesize\":2344,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"link\":\"\\\u002Fbankruptcy\\\u002Ficons8-cash-in-hand\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-cash-in-hand\",\"status\":\"inherit\",\"uploadedTo\":457,\"date\":\"2024-06-24 14:59:57\",\"modified\":\"2024-06-24 17:16:09\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-cash-in-hand.svg\"},\"text\":\"Step 4: Make Payments and Complete the Proposal\"}],\"showArrows\":true,\"anchorId\":\"how-it-differs-from-other-debt-relief-options\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"\",\"type\":\"manual\",\"accordion\":[{\"title\":\"Step 1: Meet With a Licensed Insolvency Trustee (LIT)\",\"content\":\"\u003Cp>The process starts with a conversation. You sit down with a \u003Ca href=\\\"https:\\\u002F\\\u002Fised-isde.canada.ca\\\u002Fsite\\\u002Foffice-superintendent-bankruptcy\\\u002Fen\\\u002Fyou-owe-money\\\u002Fwhat-licensed-insolvency-trustee\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Licensed Insolvency Trustee\u003C\\\u002Fa> (the only professional in Canada who can allow you to file a consumer proposal), and walk through what\\u2019s been going on with your finances. This is often the first-time people feel a real sense of relief because they finally get clear answers and a path forward.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>The Licensed Insolvency Trustee reviews your income, expenses, assets and total debt\u003C\\\u002Fli>\\n\u003Cli>They explain your options in a judgment-free way\u003C\\\u002Fli>\\n\u003Cli>You get clarity on whether a proposal is the right fit\u003C\\\u002Fli>\\n\u003Cli>You don\\u2019t need perfect documents or need to be fully prepared to start the process at this time\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\"},{\"title\":\"Step 2: Evaluate Debts and Create a Proposal\",\"content\":\"\u003Cp>If a proposal makes sense, your Trustee puts a repayment plan together that actually fits your budget. It\\u2019s shaped by your real numbers and designed to give you breathing room from day one.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>The plan is based on your income and living costs and the value of any equity in your assets\u003C\\\u002Fli>\\n\u003Cli>Payments are usually setup for a maximum of five years\u003C\\\u002Fli>\\n\u003Cli>However, you can finish the payments earlier if things improve financially for you\u003C\\\u002Fli>\\n\u003Cli>Once filed, interest stops and collection activity stops immediately\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\"},{\"title\":\"Step 3: Creditor Review and Approval\",\"content\":\"\u003Cp>After filing, your creditors review the proposal.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>\u003Ca href=\\\"https:\\\u002F\\\u002Fised-isde.canada.ca\\\u002Fsite\\\u002Foffice-superintendent-bankruptcy\\\u002Fen\\\u002Fyou-owe-money\\\u002Fyou-owe-money-consumer-proposals\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Creditors have 45 days to review your proposal\u003C\\\u002Fa>\u003C\\\u002Fli>\\n\u003Cli>You never negotiate directly\u003C\\\u002Fli>\\n\u003Cli>A majority based on dollar value who vote in favour of your proposal, results in an accepted proposal\u003C\\\u002Fli>\\n\u003Cli>After that, there is a 15\\u2011day court approval period (usually a formality)\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\u003Cp>Most people feel huge relief once an approval comes through\u003C\\\u002Fp>\\n\"},{\"title\":\"Step 4: Make Payments and Complete the Proposal \",\"content\":\"\u003Cp>Once approved, the proposal moves into the payment phase.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>You pay the Trustee, who distributes the funds to the creditors, less administrative fees and disbursements.\u003C\\\u002Fli>\\n\u003Cli>You complete two financial counselling sessions\u003C\\\u002Fli>\\n\u003Cli>Payments stay consistent unless \u003Cem>you\u003C\\\u002Fem> choose to end early\u003C\\\u002Fli>\\n\u003Cli>When the final payment is made, the remaining debt is erased – with some exceptions such as student loans (if the end of study date is less than seven years ago), child or spousal support payments.\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\"}],\"faqs\":null,\"outro\":\"\u003Cp class=\\\"lg:text-xl\\\" style=\\\"text-align: center;\\\">Working with the right Licensed Insolvency Trustee (LIT), such as Farber Debt Solutions, can make the entire process feel smoother and more manageable. You want someone who listens, explains things clearly, and helps you choose the option that genuinely fits your life.\u003C\\\u002Fp>\\n\",\"button\":\"\",\"anchorId\":\"\",\"padding\":[\"bottom-padding\"],\"margin\":[],\"width\":\"8\\\u002F12\"},{\"fieldGroupName\":\"TextEditor\",\"supertitle\":\"Who Qualifies for a Consumer Proposal?\",\"heading\":\"Signs This Path May Be the Right Fit for You and Your Financial Situation\",\"textAlignment\":\"center\",\"wysiwygEditor\":\"\u003Ch3>Debt Thresholds and Eligibility Rules\u003C\\\u002Fh3>\\n\u003Cp>Consumer proposals are designed for Canadians with unsecured debt at, or under $250,000 (excluding a mortgage on a principal residence only). You don\\u2019t need perfect credit, a certain income level, or a traditional job. You just need a reliable income and the ability to maintain a reasonable monthly payment.\u003C\\\u002Fp>\\n\u003Cp>They work with most forms of debt, including credit cards, lines of credit, payday loans, overdue bills, income tax debt, and older student loans (i.e. beyond 7 years since you finished your schooling). And because the process is flexible, people in all kinds of financial situations find relief through proposals.\u003C\\\u002Fp>\\n\u003Ch3>Employment and Income Considerations\u003C\\\u002Fh3>\\n\u003Cp>You can file a consumer proposal whether your income comes from employment, self\\u2011employment, a pension, disability benefits, or other stable sources. A proposal isn\\u2019t shared with your employer and rarely affects job opportunities. The key is consistency. The goal isn\\u2019t to stress your budget, but to create a payment that genuinely fits it.\u003C\\\u002Fp>\\n\u003Ch3>Joint Consumer Proposals\u003C\\\u002Fh3>\\n\u003Cp>If you and your partner share debt or your finances are tightly connected, a joint consumer proposal might make more sense. It streamlines everything into a single payment and keeps both of you working toward the same financial outcome. But it\\u2019s optional; you can also file your own proposal independently, even if you\\u2019re married or living together, as long as the debts aren\\u2019t jointly held.\u003C\\\u002Fp>\\n\u003Ch3>Common Financial Situations Where a Consumer Proposal Is the Most Effective Debt\\u2011Relief Option\u003C\\\u002Fh3>\\n\u003Cp>A proposal often helps when credit card balances stay high no matter how much you pay, when interest outpaces your progress, when consolidation isn\\u2019t an option, or when income has changed and financial pressure has become unmanageable. If your debt has become a source of daily stress, you\\u2019re likely a strong candidate.\u003C\\\u002Fp>\\n\u003Cp>At the end of the year, Canada reported 10,989 insolvency filings in December 2025, reflecting persistently elevated monthly volumes across the country.\u003C\\\u002Fp>\\n\",\"anchorId\":\"who-qualifies-for-a-consumer-proposal\",\"padding\":[\"top-padding\",\"bottom-padding\"],\"width\":\"8\\\u002F12\",\"backgroundColor\":\"bg-teal-lightest\",\"border\":false},{\"fieldGroupName\":\"ImageTextBanner\",\"image\":{\"iD\":2784,\"id\":2784,\"title\":\"Consumer Proposal 2\",\"filename\":\"Consumer-Proposal-2.png\",\"filesize\":223414,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2.png\",\"link\":\"\\\u002Fcmpgn\\\u002Fdebt-payment-calculator\\\u002Fconsumer-proposal-2\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"consumer-proposal-2\",\"status\":\"inherit\",\"uploadedTo\":2855,\"date\":\"2024-06-27 14:56:45\",\"modified\":\"2024-07-18 12:50:05\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":1024,\"height\":1074,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2-150x150.png\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2-286x300.png\",\"medium-width\":286,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2-768x806.png\",\"mediumLarge-width\":768,\"mediumLarge-height\":806,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2-976x1024.png\",\"large-width\":976,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2.png\",\"1536x1536-width\":1024,\"1536x1536-height\":1074,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2.png\",\"2048x2048-width\":1024,\"2048x2048-height\":1074,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2.png\",\"gform-image-choice-sm-width\":286,\"gform-image-choice-sm-height\":300,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2.png\",\"gform-image-choice-md-width\":381,\"gform-image-choice-md-height\":400,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2.png\",\"gform-image-choice-lg-width\":572,\"gform-image-choice-lg-height\":600},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FConsumer-Proposal-2.png\"},\"supertitleStyling\":\"regular\",\"supertitle\":\"Consumer Proposal vs Bankruptcy vs Debt Consolidation\",\"badgeNumber\":\"\",\"heading\":\"Understanding the Differences Between Your Debt Relief Options\",\"text\":\"\u003Cp>Once you realize something needs to change, the next question is usually, \\u201cOkay, but which option do I actually choose?\\u201d\u003C\\\u002Fp>\\n\u003Cp>On paper, consumer proposals, bankruptcy, and debt consolidation can look similar. In real life, they feel very different. Comparing them side by side makes it easier to see which one lines up with your situation and your goals.\u003C\\\u002Fp>\\n\",\"button\":null,\"anchorId\":\"consumer-proposal-bankruptcy-debt-consolidation\",\"backgroundColor\":\"bg-white\",\"imageContainer\":\"contained\",\"imageSize\":\"4\\\u002F12\",\"layout\":{\"desktop\":\"imageContent\",\"mobile\":\"imageContent\"},\"textAlignment\":{\"desktop\":\"left\",\"mobile\":\"left\"},\"bodyTextSize\":\"base\",\"showArrowBelow\":false,\"spacing\":[],\"buttonStyling\":\"light\"},{\"fieldGroupName\":\"TextEditor\",\"supertitle\":\"\",\"heading\":\"Learn How They Compare\",\"textAlignment\":\"center\",\"wysiwygEditor\":\"\u003Cp>At a high level, the biggest difference comes down to how much you repay, what happens to your assets, how your credit is affected, and how long everything lasts.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>A consumer proposal focuses on reducing what you owe (i.e. settling by paying a lower amount back) while letting you keep your home, car, and savings.\u003C\\\u002Fli>\\n\u003Cli>Bankruptcy is more of a full reset and may affect your assets and credit more heavily.\u003C\\\u002Fli>\\n\u003Cli>A consolidation loan keeps everything in one place but doesn\\u2019t reduce the debt itself and still charges interest.\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\u003Cp>Here is a quick comparison to make things easier to review:\u003C\\\u002Fp>\\n\u003Ch3 style=\\\"text-align: center; margin-bottom: -5rem;\\\">Consumer Proposal vs. Bankruptcy vs. Debt Consolidation\u003C\\\u002Fh3>\\n\",\"anchorId\":\"consumer-proposal-vs-bankruptcy-vs-debt-consolidation\",\"padding\":[],\"width\":\"8\\\u002F12\",\"backgroundColor\":\"bg-white\",\"border\":false},{\"fieldGroupName\":\"OptionsComparison\",\"introduction\":{\"supertitle\":\"\",\"heading\":\"\",\"text\":\"\u003Cstyle>.cp-comparison{display:grid;grid-template-columns:repeat(3,1fr);border:1px solid #E7E7E7;border-radius:14px;overflow:hidden;box-shadow:0 4px 14px rgba(0,0,0,.08);font-size:12px;line-height:1.25rem;margin-bottom:-4rem;}.cp-comparison p{margin:0}.cp-header{padding:18px 12px;text-align:center;font-size:14px;font-weight:700;background:#fff}.cp-header.recommended{background:#E6FAFC;color:#00859B;font-size:17px;position:relative;z-index:2;box-shadow:0 6px 12px rgba(0,0,0,.08);border-left:1px solid rgba(0,0,0,.06);border-right:1px solid rgba(0,0,0,.06);padding-top:5px}.cp-badge{display:inline-block;margin-bottom:5px;padding:3px 9px;border-radius:999px;background:#008FA3;color:#fff;font-size:8px;font-weight:700;text-transform:uppercase;line-height:1}.cp-row{display:contents}.cp-cell{padding:14px 12px;background:#fff;text-align:left}.cp-cell.recommended{background:#E6FAFC;position:relative;z-index:2;box-shadow:0 6px 12px rgba(0,0,0,.08);border-left:1px solid rgba(0,0,0,.06);border-right:1px solid rgba(0,0,0,.06)}.cp-feature-label{display:block;color:#00859B;font-weight:700;margin-bottom:6px;text-align:left}.cp-feature-text{display:flex;align-items:flex-start;gap:8px;text-align:left}.cp-check,.cp-warning,.cp-icon-space{display:inline-flex;align-items:center;justify-content:center;flex:0 0 18px;width:18px;min-width:18px;height:18px;min-height:18px;border-radius:50%;font-size:12px;line-height:1;color:#fff;box-sizing:border-box}.cp-check{background:#18BFD0}.cp-warning{background:#F86D5A}.cp-icon-space{background:transparent}@media(max-width:767px){.cp-header.recommended{font-size:14px}.cp-feature-text{flex-direction:column;align-items:flex-start;gap:6px}.cp-check,.cp-warning,.cp-icon-space{flex:0 0 18px;width:18px;min-width:18px;height:18px;min-height:18px;font-size:10px}}@media(min-width:768px){.cp-comparison{font-size:15px;line-height:1.45rem}.cp-header{padding:22px 22px 18px;font-size:16px}.cp-header.recommended{font-size:17px}.cp-cell{padding:18px 22px}.cp-feature-label{margin-bottom:10px}}\u003C\\\u002Fstyle>\\n\u003Cdiv class=\\\"cp-comparison\\\">\\n\u003Cdiv class=\\\"cp-header\\\">Bankruptcy\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-header recommended\\\">\u003Cspan class=\\\"cp-badge\\\">Most Popular\u003C\\\u002Fspan>\u003Cbr \\\u002F>\\nConsumer Proposal\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-header\\\">Debt Consolidation\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-row\\\">\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">What it does\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Eliminates unsecured debt by considering assets and income\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell recommended\\\">\u003Cspan class=\\\"cp-feature-label\\\">What it does\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Reduces debt into one affordable payment via a settlement plan\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">What it does\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Combines debts into one loan\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-row\\\">\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Interest\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">No interest\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell recommended\\\">\u003Cspan class=\\\"cp-feature-label\\\">Interest\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">No interest\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Interest\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Interest charged\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-row\\\">\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Assets\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Some assets may be affected\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell recommended\\\">\u003Cspan class=\\\"cp-feature-label\\\">Assets\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">You keep your home, car, savings\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Assets\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Assets kept, but may be used as collateral\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-row\\\">\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Credit Impact\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">\u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"#r7-vs-r9\\\">R9 rating\u003C\\\u002Fa>\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell recommended\\\">\u003Cspan class=\\\"cp-feature-label\\\">Credit Impact\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">\u003Ca class=\\\"text-teal underline hover:no-underline\\\" href=\\\"#r7-vs-r9\\\">R7 rating\u003C\\\u002Fa>\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Credit Impact\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Depends on payment history\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-row\\\">\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Timeline\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">9\\u201321 months. Could be 24 or 36 months also if there is a previous bankruptcy\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell recommended\\\">\u003Cspan class=\\\"cp-feature-label\\\">Timeline\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">5 years, but can end early if paid sooner\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Timeline\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">Varies by lender\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-row\\\">\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Best for\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">People who need relief because a proposal payment plan is not manageable\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell recommended\\\">\u003Cspan class=\\\"cp-feature-label\\\">Best for\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">People who want relief without losing assets\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003Cdiv class=\\\"cp-cell\\\">\u003Cspan class=\\\"cp-feature-label\\\">Best for\u003C\\\u002Fspan>\u003Cspan class=\\\"cp-feature-text\\\">People with good credit who qualify for a loan\u003C\\\u002Fspan>\u003C\\\u002Fdiv>\\n\u003C\\\u002Fdiv>\\n\u003C\\\u002Fdiv>\\n\"},\"comparisonTable\":false,\"anchorId\":\"\"},{\"fieldGroupName\":\"TextEditor\",\"supertitle\":\"\",\"heading\":\"\",\"textAlignment\":\"center\",\"wysiwygEditor\":\"\u003Cp class=\\\"lg:text-xl\\\" style=\\\"text-align: center;\\\">If keeping your home, car, or savings matters to you, that is where a consumer proposal really stands out. It is designed to protect your assets while still giving creditors a fair repayment based on what you can realistically manage.\u003C\\\u002Fp>\\n\",\"anchorId\":\"\",\"padding\":[],\"width\":\"12\\\u002F12\",\"backgroundColor\":\"bg-white\",\"border\":false},{\"fieldGroupName\":\"Accordion\",\"heading\":\"\",\"type\":\"manual\",\"accordion\":[{\"title\":\"When Bankruptcy Might Be the Better Option\",\"content\":\"\u003Cp>Bankruptcy can be the better fit when even a reduced consumer proposal payment would still be too much. If your income is very low, your debt is extremely high, or you are facing financial pressure with no real way to contribute monthly, bankruptcy may give you faster relief and a more complete reset.\u003C\\\u002Fp>\\n\u003Cp>It can also make sense if you have little or no assets to protect and would not benefit much from the asset protection a proposal offers. In those situations, stretching to make a proposal payment might only add more stress.\u003C\\\u002Fp>\\n\"},{\"title\":\"Why Many Canadians Prefer Consumer Proposals\",\"content\":\"\u003Cp>Many people choose a consumer proposal because it feels like a balanced solution. You lower your debt, protect your assets, and move to one predictable payment instead of juggling several. There is no interest on the proposal amount, and you know exactly when it will end if you stay on track.\u003C\\\u002Fp>\\n\u003Cp>For a lot of Canadians, the emotional side matters just as much. It is a way to take responsibility for your debt without losing the pieces of your life you have worked hard to build.\u003C\\\u002Fp>\\n\"}],\"faqs\":null,\"outro\":\"\",\"button\":\"\",\"anchorId\":\"\",\"padding\":[],\"margin\":[],\"width\":\"8\\\u002F12\"},{\"fieldGroupName\":\"IconGrid\",\"supertitle\":\"How Much Does a Consumer Proposal Cost?\",\"heading\":\"What Keeps Your Payments Simple, Transparent, and Predictable\",\"introText\":\"\u003Cp>A consumer proposal costs one monthly payment that actually fits your budget. There\\u2019s no interest and no extra fees added on top. Everything is rolled into that single amount, which makes the plan predictable and easy to manage.\u003C\\\u002Fp>\\n\",\"icons\":[{\"icon\":{\"iD\":2725,\"id\":2725,\"title\":\"icons8-document\",\"filename\":\"icons8-document.svg\",\"filesize\":1438,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"link\":\"\\\u002Ffinancial-fit-check\\\u002Ficons8-document\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-document\",\"status\":\"inherit\",\"uploadedTo\":353,\"date\":\"2024-06-24 14:59:54\",\"modified\":\"2024-07-02 22:15:52\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\"},\"heading\":\"How Payments Are Calculated\",\"text\":\"Your payment is based on your income, your living costs, equity in assets, and what creditors are likely to accept. The Trustee looks at what you can realistically afford, then helps you build a proposal that balances your budget with a fair offer to creditors. \"},{\"icon\":{\"iD\":3334,\"id\":3334,\"title\":\"icons8-banknotes\",\"filename\":\"icons8-banknotes.svg\",\"filesize\":2143,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"link\":\"\\\u002Fcmpgn\\\u002Fbankruptcy\\\u002Ficons8-banknotes\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-banknotes\",\"status\":\"inherit\",\"uploadedTo\":2860,\"date\":\"2024-07-22 12:48:26\",\"modified\":\"2024-07-22 12:48:26\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-banknotes.svg\"},\"heading\":\"Government-Regulated Fees\",\"text\":\"You never pay the Trustee separately. Their fees are already included in your monthly payment and are regulated by the federal government. There are no surprises or add-ons along the way. \"},{\"icon\":{\"iD\":3328,\"id\":3328,\"title\":\"icons8-low-price\",\"filename\":\"icons8-low-price.svg\",\"filesize\":1888,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"link\":\"\\\u002F?attachment_id=3328\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-low-price\",\"status\":\"inherit\",\"uploadedTo\":348,\"date\":\"2024-07-22 09:49:42\",\"modified\":\"2024-07-22 09:49:42\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-low-price.svg\"},\"heading\":\"Example: Reducing $60,000 Debt into One Payment\",\"text\":\"If someone owes around $60,000 of unsecured debt, a proposal settlement plan may reduce that to a monthly payment for five years in the $250 to $350 range depending on assets owned and monthly income. The exact number depends on their situation, but the idea is the same: the debt becomes manageable, interest drops to zero, and you finally have breathing room. \"}],\"outroText\":\"\",\"button\":null,\"anchorId\":\"how-much-does-a-consumer-proposal-cost\",\"backgroundColor\":\"bg-teal-lightest\",\"padding\":[\"top-padding\",\"bottom-padding\"],\"iconSize\":\"96\",\"iconAlignment\":\"top\"},{\"fieldGroupName\":\"TextEditor\",\"supertitle\":\"How a Consumer Proposal Affects Your Credit\",\"heading\":\"What You Can Expect to See on Your Report After You File\",\"textAlignment\":\"center\",\"wysiwygEditor\":\"\u003Cp class=\\\"lg:text-xl\\\" style=\\\"text-align: center; margin-bottom: -2rem;\\\">A consumer proposal will show up on your credit report, but not in the dramatic, life-altering way people often fear.\u003C\\\u002Fp>\\n\",\"anchorId\":\"how-consumer-proposal-affects-your-credit\",\"padding\":[\"top-padding\"],\"width\":\"8\\\u002F12\",\"backgroundColor\":\"bg-white\",\"border\":false},{\"fieldGroupName\":\"Accordion\",\"heading\":\"\",\"type\":\"manual\",\"accordion\":[{\"title\":\"Credit Rating Impact (R7 vs R9 Explained)\",\"content\":\"\u003Cp>A proposal adds an R7 rating to your credit report, which means you settled your debt through a regulated program. It isn\\u2019t permanent and it\\u2019s not the worst mark you can have.\u003C\\\u002Fp>\\n\u003Cp>Bankruptcy carries an R9 rating, which is viewed as more serious. Lenders often see an R7 as a sign that someone took responsibility and created a structured plan to move forward.\u003C\\\u002Fp>\\n\"},{\"title\":\"How Long It Stays on File\",\"content\":\"\u003Cp>A consumer proposal stays on your credit report during the repayment period and for three years after your last payment, or 6 years after filing, whichever is earlier. If you pay it off early, that three-year countdown starts earlier too. The timeline isn\\u2019t fixed forever, and you have more control over it than you might expect.\u003C\\\u002Fp>\\n\"},{\"title\":\"Credit Rebuilding After Completion\",\"content\":\"\u003Cp>\u003Ca href=\\\"\\\u002Fblog\\\u002Fhow-to-rebuild-a-bad-credit-score\\\u002F\\\">Credit rebuilding\u003C\\\u002Fa> begins sooner than most people think. Many people start with a secured credit card, keep balances low, and make consistent payments. With steady habits, your score starts to rise again, often faster than it was falling before the proposal. Completing the proposal also means you have no unsecured debt moving forward, weighing you down, which makes future borrowing more accessible.\u003C\\\u002Fp>\\n\"}],\"faqs\":null,\"outro\":\"\",\"button\":\"\",\"anchorId\":\"r7-vs-r9\",\"padding\":[\"bottom-padding\"],\"margin\":[],\"width\":\"8\\\u002F12\"},{\"fieldGroupName\":\"Steps\",\"introduction\":{\"supertitle\":\"What Happens After You File\",\"heading\":\"How Your Payments Begin and Your Protection Comes Into Place\",\"button\":null},\"steps\":[{\"icon\":{\"iD\":2738,\"id\":2738,\"title\":\"icons8-law\",\"filename\":\"icons8-law.svg\",\"filesize\":3068,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"link\":\"\\\u002Fwhy-a-licensed-insolvency-trustee\\\u002Ficons8-law\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-law\",\"status\":\"inherit\",\"uploadedTo\":443,\"date\":\"2024-06-24 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17:12:19\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-law.svg\"},\"text\":\"Immediate Protections\"},{\"icon\":{\"iD\":2728,\"id\":2728,\"title\":\"icons8-card-exchange\",\"filename\":\"icons8-card-exchange.svg\",\"filesize\":1898,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"link\":\"\\\u002Fdebt-counselling\\\u002Ficons8-card-exchange\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-card-exchange\",\"status\":\"inherit\",\"uploadedTo\":373,\"date\":\"2024-06-24 14:59:56\",\"modified\":\"2024-06-24 17:15:06\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-card-exchange.svg\"},\"text\":\"Ongoing Payments and Reviews\"},{\"icon\":{\"iD\":2737,\"id\":2737,\"title\":\"icons8-license\",\"filename\":\"icons8-license.svg\",\"filesize\":2681,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"link\":\"\\\u002Fwhy-a-licensed-insolvency-trustee\\\u002Ficons8-license\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-license\",\"status\":\"inherit\",\"uploadedTo\":443,\"date\":\"2024-06-24 15:00:10\",\"modified\":\"2024-06-24 17:12:19\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-license.svg\"},\"text\":\"Completion and Certificate of Full Performance\"}],\"showArrows\":true,\"anchorId\":\"what-happens-after-you-file\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"\",\"type\":\"manual\",\"accordion\":[{\"title\":\"Immediate Protections\",\"content\":\"\u003Cp>Right after your proposal is filed, things quiet down fast. Collection calls stop, interest stops, and any wage garnishments or legal action get put on hold. Most people describe this moment as the first real breath they\\u2019ve taken in a long time.\u003C\\\u002Fp>\\n\"},{\"title\":\"Ongoing Payments and Reviews\",\"content\":\"\u003Cp>Once you’re in the proposal, and after it has been accepted, everything runs on a simple routine. You make one steady monthly payment and have two counselling sessions to help you rebuild your financial footing. Your Trustee also checks in with you along the way, especially if your situation changes (like a change in your job or pay), so the plan always feels realistic rather than rigid.\u003C\\\u002Fp>\\n\"},{\"title\":\"Completion and Certificate of Full Performance\",\"content\":\"\u003Cp>When your final payment is made, your Trustee issues a Certificate of Full Performance. It\\u2019s the official confirmation that your remaining unsecured debt is cleared.\u003C\\\u002Fp>\\n\"}],\"faqs\":null,\"outro\":\"\",\"button\":\"\",\"anchorId\":\"\",\"padding\":[\"bottom-padding\"],\"margin\":[],\"width\":\"12\\\u002F12\"},{\"fieldGroupName\":\"IconGrid\",\"supertitle\":\"Benefits of Filing a Consumer Proposal \",\"heading\":\"How a Proposal Gives You a Fresh Financial Start\",\"introText\":\"\u003Cp>A consumer proposal offers more than debt reduction. It gives you a chance to regain control, breathe easier, and move forward without the constant stress of growing interest or unpredictable payments.\u003C\\\u002Fp>\\n\",\"icons\":[{\"icon\":{\"iD\":2878,\"id\":2878,\"title\":\"check-circle\",\"filename\":\"check-circle.png\",\"filesize\":1020,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"link\":\"\\\u002Ffinancial-fit-check\\\u002Fcheck-circle\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"check-circle\",\"status\":\"inherit\",\"uploadedTo\":353,\"date\":\"2024-07-02 22:00:40\",\"modified\":\"2024-07-02 22:00:40\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":49,\"height\":49,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"thumbnail-width\":49,\"thumbnail-height\":49,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"medium-width\":49,\"medium-height\":49,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"mediumLarge-width\":49,\"mediumLarge-height\":49,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"large-width\":49,\"large-height\":49,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"1536x1536-width\":49,\"1536x1536-height\":49,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"2048x2048-width\":49,\"2048x2048-height\":49,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-sm-width\":49,\"gform-image-choice-sm-height\":49,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-md-width\":49,\"gform-image-choice-md-height\":49,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-lg-width\":49,\"gform-image-choice-lg-height\":49},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\"},\"heading\":\"Stops Wage Garnishments and Lawsuits\",\"text\":\"One of the strongest protections is the immediate halt of wage garnishments and legal action. Once the proposal is filed, a stay of proceedings (\u003Ca href=\\\"https:\\\u002F\\\u002Fwww.ic.gc.ca\\\u002Fapp\\\u002Fscr\\\u002Fbsf-osb\\\u002Fins\\\u002Flogin.html;lang=eng?lang=eng\\\" target=\\\"_blank\\\">Government of Canada\u003C\\\u002Fa>) takes effect, which stops collection calls, wage garnishments, and lawsuits. This gives you back your income and protects you from sudden financial shocks. \"},{\"icon\":{\"iD\":2878,\"id\":2878,\"title\":\"check-circle\",\"filename\":\"check-circle.png\",\"filesize\":1020,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"link\":\"\\\u002Ffinancial-fit-check\\\u002Fcheck-circle\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"check-circle\",\"status\":\"inherit\",\"uploadedTo\":353,\"date\":\"2024-07-02 22:00:40\",\"modified\":\"2024-07-02 22:00:40\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":49,\"height\":49,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"thumbnail-width\":49,\"thumbnail-height\":49,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"medium-width\":49,\"medium-height\":49,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"mediumLarge-width\":49,\"mediumLarge-height\":49,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"large-width\":49,\"large-height\":49,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"1536x1536-width\":49,\"1536x1536-height\":49,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"2048x2048-width\":49,\"2048x2048-height\":49,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-sm-width\":49,\"gform-image-choice-sm-height\":49,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-md-width\":49,\"gform-image-choice-md-height\":49,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-lg-width\":49,\"gform-image-choice-lg-height\":49},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\"},\"heading\":\"Consolidates All Debts into One Payment\",\"text\":\"All eligible debts get grouped into a single monthly payment. There are no interest charges and no surprise changes to the amount you owe. The predictability makes planning ahead easier and removes the feeling of juggling too many accounts at once. \"},{\"icon\":{\"iD\":2878,\"id\":2878,\"title\":\"check-circle\",\"filename\":\"check-circle.png\",\"filesize\":1020,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"link\":\"\\\u002Ffinancial-fit-check\\\u002Fcheck-circle\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"check-circle\",\"status\":\"inherit\",\"uploadedTo\":353,\"date\":\"2024-07-02 22:00:40\",\"modified\":\"2024-07-02 22:00:40\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":49,\"height\":49,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"thumbnail-width\":49,\"thumbnail-height\":49,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"medium-width\":49,\"medium-height\":49,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"mediumLarge-width\":49,\"mediumLarge-height\":49,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"large-width\":49,\"large-height\":49,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"1536x1536-width\":49,\"1536x1536-height\":49,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"2048x2048-width\":49,\"2048x2048-height\":49,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-sm-width\":49,\"gform-image-choice-sm-height\":49,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-md-width\":49,\"gform-image-choice-md-height\":49,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-lg-width\":49,\"gform-image-choice-lg-height\":49},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\"},\"heading\":\"Protects Your Assets\",\"text\":\"A consumer proposal allows you to retain title to your home, your vehicle, and allows you to keep your savings, and personal belongings. Your life stays stable while you work through the repayment plan, which helps you stay grounded and consistent. \"},{\"icon\":{\"iD\":2878,\"id\":2878,\"title\":\"check-circle\",\"filename\":\"check-circle.png\",\"filesize\":1020,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"link\":\"\\\u002Ffinancial-fit-check\\\u002Fcheck-circle\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"check-circle\",\"status\":\"inherit\",\"uploadedTo\":353,\"date\":\"2024-07-02 22:00:40\",\"modified\":\"2024-07-02 22:00:40\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":49,\"height\":49,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"thumbnail-width\":49,\"thumbnail-height\":49,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"medium-width\":49,\"medium-height\":49,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"mediumLarge-width\":49,\"mediumLarge-height\":49,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"large-width\":49,\"large-height\":49,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"1536x1536-width\":49,\"1536x1536-height\":49,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"2048x2048-width\":49,\"2048x2048-height\":49,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-sm-width\":49,\"gform-image-choice-sm-height\":49,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-md-width\":49,\"gform-image-choice-md-height\":49,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\",\"gform-image-choice-lg-width\":49,\"gform-image-choice-lg-height\":49},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Fcheck-circle.png\"},\"heading\":\"Offers a Path Back to Financial Health\",\"text\":\"A proposal gives you the chance to rebuild. Once interest stops, payments shrink, and stress eases, you can finally focus on creating healthier financial habits. Many people leave the process feeling more confident than they have in years. \"}],\"outroText\":\"\",\"button\":null,\"anchorId\":\"benefits-of-filing-a-consumer-proposal\",\"backgroundColor\":\"bg-teal-lightest\",\"padding\":[\"top-padding\",\"bottom-padding\"],\"iconSize\":\"48\",\"iconAlignment\":\"top\"},{\"fieldGroupName\":\"FaqAccordion\",\"introduction\":{\"supertitle\":\"\",\"heading\":\"Risks and Misconceptions\",\"text\":\"A lot of hesitation comes from myths rather than facts. Understanding what is and isn\\u2019t true helps you make a clear decision instead of reacting to fear or misinformation. \"},\"type\":\"manual\",\"accordions\":[{\"title\":\"Will I Lose My Home or Car?\",\"content\":\"\u003Cp>No. A consumer proposal protects your assets. Your home and car remain yours as long as you continue making payments on them, if they are tied to a mortgage or financing contract. The proposal focuses on your unsecured debt, not the things you need to live your life.\u003C\\\u002Fp>\\n\"},{\"title\":\"Is it a Public Record? \",\"content\":\"\u003Cp>Technically yes, but not in a way that affects your daily life. Your filing appears in a government database that is searchable, but each search comes with a fee, which means people don\\u2019t often look it up casually or out of curiosity. Outside of situations where someone has a legitimate reason to check (for example, when you apply for credit), it\\u2019s extremely unlikely anyone will ever access it.\u003C\\\u002Fp>\\n\u003Cp>For employers, friends, family, or the general public, this information simply isn\\u2019t something they would see.\u003C\\\u002Fp>\\n\"},{\"title\":\"Does It Ruin My Credit Forever? \",\"content\":\"\u003Cp>No. Credit recovery starts during the proposal, not after it. With a few steady steps, many people see improvements much sooner than expected. The proposal doesn\\u2019t follow you forever, and your credit absolutely can bounce back.\u003C\\\u002Fp>\\n\"},{\"title\":\"What Happens If I Miss Payments?\",\"content\":\"\u003Cp>Missing a payment doesn\\u2019t automatically cancel your proposal. Your Trustee will reach out to understand what happened and help you get back on track. Communication is important, because too many missed payments without a plan allows creditors to resume collection.\u003C\\\u002Fp>\\n\"}],\"faqs\":null,\"button\":null,\"enableSeoSchema\":false,\"anchorId\":\"risks-and-misconceptions\"},{\"fieldGroupName\":\"CustomerJourney\",\"supertitle\":\"How to Choose the Right Licensed Insolvency Trustee\",\"heading\":\"Finding the Trust and Support You Need in the Team You Work With \",\"image\":{\"iD\":2786,\"id\":2786,\"title\":\"Why a LIT\",\"filename\":\"Why-a-LIT.png\",\"filesize\":233755,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT.png\",\"link\":\"\\\u002Fwhy-a-licensed-insolvency-trustee\\\u002Fwhy-a-lit\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"why-a-lit\",\"status\":\"inherit\",\"uploadedTo\":443,\"date\":\"2024-06-27 14:56:51\",\"modified\":\"2024-06-27 15:07:16\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":1024,\"height\":1074,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT-150x150.png\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT-286x300.png\",\"medium-width\":286,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT-768x806.png\",\"mediumLarge-width\":768,\"mediumLarge-height\":806,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT-976x1024.png\",\"large-width\":976,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT.png\",\"1536x1536-width\":1024,\"1536x1536-height\":1074,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT.png\",\"2048x2048-width\":1024,\"2048x2048-height\":1074,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT.png\",\"gform-image-choice-sm-width\":286,\"gform-image-choice-sm-height\":300,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT.png\",\"gform-image-choice-md-width\":381,\"gform-image-choice-md-height\":400,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT.png\",\"gform-image-choice-lg-width\":572,\"gform-image-choice-lg-height\":600},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002FWhy-a-LIT.png\"},\"text\":\"\u003Cp>Working with the right \u003Ca href=\\\"\\\u002Fwhy-a-licensed-insolvency-trustee\\\u002F\\\">Licensed Insolvency Trustee (LIT)\u003C\\\u002Fa> makes the entire process feel smoother and more manageable. You want someone who listens, explains things clearly, and helps you choose the option that genuinely fits your life.\u003C\\\u002Fp>\\n\",\"cards\":[{\"title\":\"What Is an LIT?\",\"text\":\"\u003Cp>A Licensed Insolvency Trustee is a federally regulated professional authorized to file consumer proposals and bankruptcies in Canada. They guide you through the process, communicate with creditors on your behalf, and make sure everything follows Canadian insolvency laws.\u003C\\\u002Fp>\\n\"},{\"title\":\"Questions to Ask Before You File\",\"text\":\"\u003Cp>It helps to ask a few simple questions before you decide who to work with. Do they explain things in a way that makes sense? Do they walk you through all your options, not just one? Do you feel comfortable asking questions? The relationship matters because this is a personal financial decision.\u003C\\\u002Fp>\\n\"},{\"title\":\"Why Choose Farber\",\"text\":\"\u003Cp>Farber has been helping Canadians navigate debt for decades. Our approach is supportive, respectful, and focused on creating solutions that fit real lives. Our team will walk with you through the entire process and give you the tools you need to move forward confidently. With Farber, you\\u2019re never navigating any of it alone.\u003C\\\u002Fp>\\n\"}],\"anchorId\":\"how-to-choose-the-right-lit\"},{\"fieldGroupName\":\"FaqAccordion\",\"introduction\":{\"supertitle\":\"\",\"heading\":\"Consumer Proposal by Province\",\"text\":\"Consumer proposals are governed federally, but the real\\u2011world experience varies by province: from average household debt to court processes to the availability of local Farber offices. This section strengthens location relevance and helps visitors move directly into their local journey. \"},\"type\":\"manual\",\"accordions\":[{\"title\":\"Consumer Proposal in Ontario\",\"content\":\"\u003Cp>Ontario consistently reports some of the highest average non\\u2011mortgage debt levels in Canada, driven by housing costs, car loans, and credit card balances. Many households carry $22,000-$24,000 in non\\u2011mortgage consumer debt, making structured repayment solutions increasingly common.\u003C\\\u002Fp>\\n\u003Cp>Consumer proposals in Ontario are filed under the federal Bankruptcy and Insolvency Act and administered locally through the Office of the Superintendent of Bankruptcy (OSB) and, when\\u00a0required, the Ontario Superior Court of Justice. Most people never attend court;\\u00a0your Licensed Insolvency Trustee (LIT) handles the process.\u003C\\\u002Fp>\\n\u003Cp>Farber has offices throughout Ontario, offering convenient access to local teams who understand regional cost\\u2011of\\u2011living pressures. All meeting locations are available by appointment only.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>Learn more:\\u00a0\u003Ca href=\\\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fconsumer-proposal\\\u002Fontario\\\">Consumer Proposal in Ontario\u003C\\\u002Fa>\u003C\\\u002Fli>\\n\u003Cli>Find a local office:\\u00a0\u003Ca href=\\\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Flocations\\\">Farber Ontario Locations\u003C\\\u002Fa>\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\"},{\"title\":\"Consumer Proposal in Alberta\",\"content\":\"\u003Cp>Alberta residents often face some of the highest average non\\u2011mortgage debt in the country,\\u00a0frequently\\u00a0exceeding $25,000 per person, driven by vehicle financing, credit cards, and income volatility tied to the energy sector.\u003C\\\u002Fp>\\n\u003Cp>Consumer proposals are federally regulated but administered locally through the Office of the Superintendent of Bankruptcy (OSB)\\u00a0and, when\\u00a0required, the Alberta Court of Justice. Your\\u00a0Licensed Insolvency Trustee\\u00a0manages filings, creditor communication, and any court steps.\u003C\\\u002Fp>\\n\u003Cp>Farber has offices across Alberta, providing convenient access to local teams who understand regional cost\\u2011of\\u2011living pressures. All meeting locations\\u00a0operate\\u00a0on an appointment\\u2011only basis.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>Learn more:\\u00a0\u003Ca href=\\\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fconsumer-proposal\\\u002Falberta\\\">Consumer Proposal in Alberta\u003C\\\u002Fa>\u003C\\\u002Fli>\\n\u003Cli>Find a local office:\\u00a0\u003Ca href=\\\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Flocations\\\">Farber Alberta Locations\u003C\\\u002Fa>\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\"},{\"title\":\"Consumer Proposal in British Columbia\",\"content\":\"\u003Cp>British Columbia\\u2019s\\u00a0high cost\\u00a0of living,\\u00a0especially in Greater Vancouver and Victoria;\\u00a0contributes to rising consumer debt. Many households carry $20,000+ in non\\u2011mortgage debt, and mortgage\\\u002Frent pressures make cash\\u2011flow relief essential.\u003C\\\u002Fp>\\n\u003Cp>Consumer proposals in BC are filed federally and may involve the BC Supreme Court when court approval is\\u00a0required. Your\\u00a0Licensed Insolvency Trustee\\u00a0handles all filings and creditor interactions.\u003C\\\u002Fp>\\n\u003Cp>Farber has offices throughout British Columbia, giving clients convenient access to local teams who understand the province\\u2019s unique cost\\u2011of\\u2011living pressures. All meeting locations are available by appointment only.\u003C\\\u002Fp>\\n\u003Cul>\\n\u003Cli>Learn more:\\u00a0\u003Ca href=\\\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fconsumer-proposal\\\u002Fbritish-columbia\\\">Consumer Proposal in British Columbia\u003C\\\u002Fa>\u003C\\\u002Fli>\\n\u003Cli>Find a local office:\\u00a0\u003Ca href=\\\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Flocations\\\">Farber BC Locations\u003C\\\u002Fa>\u003C\\\u002Fli>\\n\u003C\\\u002Ful>\\n\"}],\"faqs\":null,\"button\":{\"title\":\"Find nearest office location\",\"url\":\"\\\u002Flocations\",\"target\":\"\"},\"enableSeoSchema\":false,\"anchorId\":\"consumer-proposal-by-province\"},{\"fieldGroupName\":\"Steps\",\"introduction\":{\"supertitle\":\"How to Get Started with Farber\",\"heading\":\"What You Can Expect From the Start of the Process\",\"button\":{\"title\":\"Book a FREE Consultation\",\"url\":\"\\\u002Fbook-a-consultation\",\"target\":\"\"}},\"steps\":[{\"icon\":{\"iD\":2721,\"id\":2721,\"title\":\"icons8-connected-people\",\"filename\":\"icons8-connected-people.svg\",\"filesize\":2023,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"link\":\"\\\u002F?attachment_id=2721\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-connected-people\",\"status\":\"inherit\",\"uploadedTo\":348,\"date\":\"2024-06-24 14:59:50\",\"modified\":\"2024-06-24 16:54:55\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-connected-people.svg\"},\"text\":\"Step 1: Free Consultation\"},{\"icon\":{\"iD\":2733,\"id\":2733,\"title\":\"icons8-timeline\",\"filename\":\"icons8-timeline.svg\",\"filesize\":2591,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-timeline.svg\",\"link\":\"\\\u002F?attachment_id=2733\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-timeline\",\"status\":\"inherit\",\"uploadedTo\":348,\"date\":\"2024-06-24 15:00:03\",\"modified\":\"2024-06-24 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2: Financial Assessment\"},{\"icon\":{\"iD\":2725,\"id\":2725,\"title\":\"icons8-document\",\"filename\":\"icons8-document.svg\",\"filesize\":1438,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"link\":\"\\\u002Ffinancial-fit-check\\\u002Ficons8-document\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-document\",\"status\":\"inherit\",\"uploadedTo\":353,\"date\":\"2024-06-24 14:59:54\",\"modified\":\"2024-07-02 22:15:52\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F06\\\u002Ficons8-document.svg\"},\"text\":\"Step 3: Filing and Creditor Approval\"},{\"icon\":{\"iD\":3330,\"id\":3330,\"title\":\"icons8-help\",\"filename\":\"icons8-help.svg\",\"filesize\":3035,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"link\":\"\\\u002Fwhat-makes-us-different\\\u002Ficons8-help\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"icons8-help\",\"status\":\"inherit\",\"uploadedTo\":346,\"date\":\"2024-07-22 10:43:55\",\"modified\":\"2024-07-22 10:43:55\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fsvg+xml\",\"type\":\"image\",\"subtype\":\"svg+xml\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":96,\"height\":96,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"medium-width\":300,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"mediumLarge-width\":768,\"mediumLarge-height\":768,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"large-width\":1024,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"1536x1536-width\":96,\"1536x1536-height\":96,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"2048x2048-width\":96,\"2048x2048-height\":96,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"gform-image-choice-sm-width\":96,\"gform-image-choice-sm-height\":96,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"gform-image-choice-md-width\":96,\"gform-image-choice-md-height\":96,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\",\"gform-image-choice-lg-width\":96,\"gform-image-choice-lg-height\":96},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002Ficons8-help.svg\"},\"text\":\"Step 4: Support Throughout the Process\"}],\"showArrows\":true,\"anchorId\":\"how-to-get-started-with-farber\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"\",\"type\":\"manual\",\"accordion\":[{\"title\":\"Step 1: Free Consultation\",\"content\":\"\u003Cp>You meet with a Licensed Insolvency Trustee to talk through your debt, income, assets and what\\u2019s been weighing on you. This conversation is meant to help you understand your options without pressure.\u003C\\\u002Fp>\\n\"},{\"title\":\"Step 2: Financial Assessment\",\"content\":\"\u003Cp>The Trustee looks at your full financial picture to figure out what\\u2019s realistic based on your budget. They walk you through each option so you feel clear about the next step.\u003C\\\u002Fp>\\n\"},{\"title\":\"Step 3: Filing and Creditor Approval\",\"content\":\"\u003Cp>If a proposal makes sense, your Trustee builds the actual plan; including the monthly amount, based on your income, your expenses, and equity in assets, what creditors typically accept in similar situations. They file that proposal for you which gives you instant protection, creditors vote on it, and once it\\u2019s approved, your new payment officially begins.\u003C\\\u002Fp>\\n\"},{\"title\":\"Step 4: Support Throughout the Process\",\"content\":\"\u003Cp>Farber stays involved from beginning to end, making sure you always have guidance and someone to check in with. You make your payments, complete your counselling sessions, and move toward a clean financial slate with ongoing support.\u003C\\\u002Fp>\\n\"}],\"faqs\":null,\"outro\":\"\",\"button\":\"\",\"anchorId\":\"\",\"padding\":[\"bottom-padding\"],\"margin\":[],\"width\":\"12\\\u002F12\"},{\"fieldGroupName\":\"ImageTextBanner\",\"image\":{\"iD\":3294,\"id\":3294,\"title\":\"Debt Consolidation 1\",\"filename\":\"Debt-Consolidation-1.png\",\"filesize\":295481,\"url\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1.png\",\"link\":\"\\\u002Fdebt-consolidation\\\u002Fdebt-consolidation-1\\\u002F\",\"alt\":\"\",\"author\":\"6\",\"description\":\"\",\"caption\":\"\",\"name\":\"debt-consolidation-1\",\"status\":\"inherit\",\"uploadedTo\":459,\"date\":\"2024-07-17 16:16:04\",\"modified\":\"2024-07-17 16:16:04\",\"menuOrder\":0,\"mimeType\":\"image\\\u002Fpng\",\"type\":\"image\",\"subtype\":\"png\",\"icon\":\"\\\u002Fwp-includes\\\u002Fimages\\\u002Fmedia\\\u002Fdefault.png\",\"width\":1024,\"height\":1074,\"sizes\":{\"thumbnail\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1-150x150.png\",\"thumbnail-width\":150,\"thumbnail-height\":150,\"medium\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1-286x300.png\",\"medium-width\":286,\"medium-height\":300,\"mediumLarge\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1-768x806.png\",\"mediumLarge-width\":768,\"mediumLarge-height\":806,\"large\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1-976x1024.png\",\"large-width\":976,\"large-height\":1024,\"1536x1536\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1.png\",\"1536x1536-width\":1024,\"1536x1536-height\":1074,\"2048x2048\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1.png\",\"2048x2048-width\":1024,\"2048x2048-height\":1074,\"gform-image-choice-sm\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1.png\",\"gform-image-choice-sm-width\":286,\"gform-image-choice-sm-height\":300,\"gform-image-choice-md\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1.png\",\"gform-image-choice-md-width\":381,\"gform-image-choice-md-height\":400,\"gform-image-choice-lg\":\"https:\\\u002F\\\u002Fwww.farber.ca\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1.png\",\"gform-image-choice-lg-width\":572,\"gform-image-choice-lg-height\":600},\"relativeUrl\":\"\\\u002Fwp-content\\\u002Fuploads\\\u002F2024\\\u002F07\\\u002FDebt-Consolidation-1.png\"},\"supertitleStyling\":\"regular\",\"supertitle\":\"Is a Consumer Proposal Right for You?\",\"badgeNumber\":\"\",\"heading\":\"What to Consider When Making Your Final Choice\",\"text\":\"\u003Cp>A consumer proposal is one of the most flexible and protective debt relief options available in Canada. It reduces what you owe, stops interest, protects your assets, and replaces multiple stressful payments with one predictable monthly amount. If you have steady income, less than $250,000 in unsecured debt, and want a solution that lets you keep your home, car, and savings, a proposal is often the most balanced path forward.\u003C\\\u002Fp>\\n\u003Cp>Bankruptcy may be the better fit if even a reduced proposal payment isn\\u2019t affordable, but for many Canadians, a consumer proposal offers the structure, breathing room, and long term stability they\\u2019ve been missing.\u003C\\\u002Fp>\\n\u003Cp>If you\\u2019re unsure which option fits your situation, speaking with a Licensed Insolvency Trustee is the fastest way to get clarity. They\\u2019ll walk you through your numbers, explain your choices, and help you decide on a plan that gives you relief today and confidence for the future.\u003C\\\u002Fp>\\n\",\"button\":null,\"anchorId\":\"is-a-consumer-proposal-right-for-you\",\"backgroundColor\":\"bg-teal-dark\",\"imageContainer\":\"contained\",\"imageSize\":\"4\\\u002F12\",\"layout\":{\"desktop\":\"imageContent\",\"mobile\":\"imageContent\"},\"textAlignment\":{\"desktop\":\"left\",\"mobile\":\"left\"},\"bodyTextSize\":\"base\",\"showArrowBelow\":false,\"spacing\":[],\"buttonStyling\":\"light\"},{\"fieldGroupName\":\"FaqAccordion\",\"introduction\":{\"supertitle\":\"\",\"heading\":\"Frequently Asked Questions About Consumer Proposals\",\"text\":\"\"},\"type\":\"manual\",\"accordions\":[{\"title\":\"How long does a consumer proposal stay on your credit report? \",\"content\":\"\u003Cp>It stays 6 years after filing or 3 years after completion. Whichever comes first.\u003C\\\u002Fp>\\n\"},{\"title\":\"Can a consumer proposal include student loans? \",\"content\":\"\u003Cp>Yes, if the loans are more than seven years old since finishing your part-time or full-time studies, and you haven\\u2019t returned to school.\u003C\\\u002Fp>\\n\"},{\"title\":\"Will my employer find out? \",\"content\":\"\u003Cp>Almost always no, unless a wage garnishment needs to be stopped.\u003C\\\u002Fp>\\n\"},{\"title\":\"Can I pay off early?\",\"content\":\"\u003Cp>Yes. Many people do, and it can help with faster credit recovery.\u003C\\\u002Fp>\\n\"},{\"title\":\"What happens if I miss a payment? \",\"content\":\"\u003Cp>Your Trustee will always try to work with you and help you get back on track. However, the law is very clear: if you become three months behind on your monthly payments, or you become three months behind on a single lump sum payment, your proposal is automatically cancelled or annulled under the insolvency laws. This may happen even if you\\u2019ve been in communication with the Trustee.\u003C\\\u002Fp>\\n\u003Cp>That\\u2019s why it\\u2019s important to reach out early, so your Trustee can often help you adjust things before you hit that three\\u2011month mark of arrears.\u003C\\\u002Fp>\\n\"}],\"faqs\":null,\"button\":null,\"enableSeoSchema\":true,\"anchorId\":\"faq\"},{\"fieldGroupName\":\"CtasBanner\",\"heading\":\"Book a Free Consultation Today\",\"text\":\"\u003Cp>If you\\u2019re ready to feel more in control of your finances and less weighed down by debt, Farber can help you explore your options. Book a free consultation today and find a plan that gives you relief, clarity, and a real path forward.\u003C\\\u002Fp>\\n\",\"ctas\":[{\"button\":{\"title\":\"Book a FREE Consultation\",\"url\":\"\\\u002Fbook-a-consultation\",\"target\":\"\"}}],\"anchorId\":\"book-a-free-consultation-today\",\"buttonStyling\":\"right-arrow\",\"colorTheme\":\"teal\"}]",{"pageNavigation":13},"default",{"title":6,"fullHead":15,"metaRobotsNoindex":16,"metaRobotsNofollow":17},"\u003C!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\u002F\u002Fyoast.com\u002Fproduct\u002Fyoast-seo-wordpress\u002F -->\n\u003Cmeta name=\"description\" content=\"Learn everything you need to know about consumer proposals in Canada — how they work, who qualifies, and how to regain financial control. 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Understand the process, costs, and benefits from a trusted Licensed Insolvency Trustee.\" \u002F>\n\u003Cmeta property=\"og:url\" content=\"\u002Fconsumer-proposal\u002Fultimate-guide\u002F\" \u002F>\n\u003Cmeta property=\"og:site_name\" content=\"Farber Debt Solutions\" \u002F>\n\u003Cmeta property=\"article:modified_time\" content=\"2026-06-15T18:28:51+00:00\" \u002F>\n\u003Cmeta name=\"twitter:card\" content=\"summary_large_image\" \u002F>\n\u003Cscript type=\"application\u002Fld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\u002F\\\u002Fschema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002Fconsumer-proposal\\\u002Fultimate-guide\\\u002F\",\"url\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002Fconsumer-proposal\\\u002Fultimate-guide\\\u002F\",\"name\":\"The Ultimate Guide to a Consumer Proposal in Canada\",\"isPartOf\":{\"@id\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002F#website\"},\"datePublished\":\"2026-06-15T18:27:30+00:00\",\"dateModified\":\"2026-06-15T18:28:51+00:00\",\"description\":\"Learn everything you need to know about consumer proposals in Canada — how they work, who qualifies, and how to regain financial control. Understand the process, costs, and benefits from a trusted Licensed Insolvency Trustee.\",\"breadcrumb\":{\"@id\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002Fconsumer-proposal\\\u002Fultimate-guide\\\u002F#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002Fconsumer-proposal\\\u002Fultimate-guide\\\u002F\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002Fconsumer-proposal\\\u002Fultimate-guide\\\u002F#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002F\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Consumer Proposal\",\"item\":\"https:\\\u002F\\\u002Fhync25uo0rocs6jyee4xnsfbp.js.wpenginepowered.com\\\u002Fconsumer-proposal\\\u002F\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Ultimate Guide to a Consumer Proposal in Canada\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002F#website\",\"url\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002F\",\"name\":\"Farber\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\u002F\\\u002Fprod-wp2.farber.ca\\\u002F?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}\u003C\u002Fscript>\n\u003C!-- \u002F Yoast SEO plugin. -->","index","follow",{"showLiveChat":19},false,"en",[],[23,68,118,126,164,177,205,273,287,292,317,321,325,328,338,386,390,404,447,457,493,511,539,555,594,606,629,647],{"fieldGroupName":24,"heading":6,"text":25,"image":26,"button":8,"backgroundColor":66,"spacing":67},"StandardHeader","A \u003Ca href=\"\u002Fconsumer-proposal\" class=\"text-teal underline hover:no-underline\">consumer proposal\u003C\u002Fa> is a legally binding debt relief option that lets Canadians repay a portion of their unsecured debt while avoiding bankruptcy. This guide covers how it works, eligibility, costs, and how Farber as a Licensed Insolvency Trustee in Canada can help.",{"iD":27,"id":27,"title":28,"filename":29,"filesize":30,"url":31,"link":32,"alt":33,"author":34,"description":33,"caption":33,"name":35,"status":36,"uploadedTo":37,"date":38,"modified":38,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":44,"height":45,"sizes":46,"relativeUrl":65},3235,"Why a LIT","Why-a-LIT.png",1757257,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT.png","\u002Fwhy-a-licensed-insolvency-trustee\u002Fwhy-a-lit-2\u002F","","6","why-a-lit-2","inherit",443,"2024-07-10 13:14:00",0,"image\u002Fpng","image","png","\u002Fwp-includes\u002Fimages\u002Fmedia\u002Fdefault.png",1920,1140,{"thumbnail":47,"thumbnail-width":48,"thumbnail-height":48,"medium":49,"medium-width":50,"medium-height":51,"mediumLarge":52,"mediumLarge-width":53,"mediumLarge-height":54,"large":55,"large-width":56,"large-height":57,"1536x1536":58,"1536x1536-width":59,"1536x1536-height":60,"2048x2048":31,"2048x2048-width":44,"2048x2048-height":45,"gform-image-choice-sm":31,"gform-image-choice-sm-width":50,"gform-image-choice-sm-height":51,"gform-image-choice-md":31,"gform-image-choice-md-width":61,"gform-image-choice-md-height":62,"gform-image-choice-lg":31,"gform-image-choice-lg-width":63,"gform-image-choice-lg-height":64},"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-150x150.png",150,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-300x178.png",300,178,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-768x456.png",768,456,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-1024x608.png",1024,608,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-1536x912.png",1536,912,400,238,600,356,"\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT.png","bg-gold-lightest",[],{"fieldGroupName":69,"enableKeyTakeaways":70,"keyTakeawaysContent":71,"enableTableOfContents":70,"tableOfContentsItems":72},"KeyTakeawaysToc",true,"\u003Cul>\n\u003Cli>A consumer proposal is a legally binding agreement filed through a Licensed Insolvency Trustee (LIT) that lets you repay only a portion of your unsecured debt with one affordable monthly payment and no interest.\u003C\u002Fli>\n\u003Cli>You keep your assets; including your home, car, and savings, as long as you maintain any secured loan payments.\u003C\u002Fli>\n\u003Cli>Immediate protection begins the moment you file: collection calls stop, wage garnishments stop, lawsuits pause, and interest freezes.\u003C\u002Fli>\n\u003Cli>Most proposals last 3-5 years, but you can pay them off early if your situation improves.\u003C\u002Fli>\n\u003Cli>Costs are built into your monthly payment; Trustee fees are government-regulated and are never added on top of your proposal offer amount.\u003C\u002Fli>\n\u003C\u002Ful>\n",[73,76,79,82,85,88,91,94,97,100,103,106,109,112,115],{"id":74,"title":75},"what-is-a-consumer-proposal","What Is a Consumer Proposal?",{"id":77,"title":78},"how-it-differs-from-other-debt-relief-options","How It Differs from Other Debt Relief Options",{"id":80,"title":81},"who-qualifies-for-a-consumer-proposal","Who Qualifies for a Consumer Proposal?",{"id":83,"title":84},"consumer-proposal-vs-bankruptcy-vs-debt-consolidation","Consumer Proposal vs. Bankruptcy vs. Debt Consolidation",{"id":86,"title":87},"how-much-does-a-consumer-proposal-cost","How Much Does a Consumer Proposal Cost?",{"id":89,"title":90},"how-consumer-proposal-affects-your-credit","How a Consumer Proposal Affects Your Credit",{"id":92,"title":93},"what-happens-after-you-file","What Happens After You File",{"id":95,"title":96},"benefits-of-filing-a-consumer-proposal","Benefits of Filing a Consumer Proposal",{"id":98,"title":99},"risks-and-misconceptions ","Risks and Misconceptions",{"id":101,"title":102},"how-to-choose-the-right-lit","How to Choose the Right Licensed Insolvency Trustee",{"id":104,"title":105},"consumer-proposal-by-province","Consumer Proposal by Province",{"id":107,"title":108},"how-to-get-started-with-farber","How to Get Started with Farber",{"id":110,"title":111},"is-a-consumer-proposal-right-for-you","Is a Consumer Proposal Right for You?",{"id":113,"title":114},"faq","Frequently Asked Questions About Consumer Proposals",{"id":116,"title":117},"book-a-free-consultation-today","Book a Free Consultation Today",{"fieldGroupName":119,"supertitle":33,"heading":33,"textAlignment":120,"wysiwygEditor":121,"anchorId":33,"padding":122,"width":124,"backgroundColor":125,"border":19},"TextEditor","center","\u003Cp class=\"lg:text-xl\" style=\"text-align: left;\">Debt can take over more space in your life than you expect. Showing up when bills pile up, when prices climb, or when your phone rings with another number you don’t want to answer. You’re not alone in feeling that pressure. Canadians everywhere are trying to keep up with rising costs, higher interest rates, and debt that seems to grow faster than it shrinks.\u003C\u002Fp>\n\u003Cp class=\"lg:text-xl\" style=\"text-align: left;\">If you’ve reached the point where juggling payments feels impossible, it doesn’t mean you’ve failed. That’s why many people turn to consumer proposals: a straightforward, often misunderstood option that lets you legally reduce what you owe, protect your assets, and finally regain control.\u003C\u002Fp>\n",[123],"top-padding","12\u002F12","bg-white",{"fieldGroupName":127,"image":128,"supertitleStyling":151,"supertitle":152,"badgeNumber":33,"heading":153,"text":154,"button":8,"anchorId":74,"backgroundColor":125,"imageContainer":155,"imageSize":156,"layout":157,"textAlignment":159,"bodyTextSize":161,"showArrowBelow":19,"spacing":162,"buttonStyling":163},"ImageTextBanner",{"iD":129,"id":129,"title":130,"filename":131,"filesize":132,"url":133,"link":134,"alt":33,"author":34,"description":33,"caption":33,"name":135,"status":36,"uploadedTo":136,"date":137,"modified":138,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":56,"height":139,"sizes":140,"relativeUrl":150},2781,"What you need to know","What-you-need-to-know-1.png",197810,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhat-you-need-to-know-1.png","\u002Fconsumer-proposal\u002Fultimate-guide\u002Fwhat-you-need-to-know-4\u002F","what-you-need-to-know-4",7326,"2024-06-27 14:56:36","2026-06-15 18:27:30",1074,{"thumbnail":141,"thumbnail-width":48,"thumbnail-height":48,"medium":142,"medium-width":143,"medium-height":50,"mediumLarge":144,"mediumLarge-width":53,"mediumLarge-height":145,"large":146,"large-width":147,"large-height":56,"1536x1536":133,"1536x1536-width":56,"1536x1536-height":139,"2048x2048":133,"2048x2048-width":56,"2048x2048-height":139,"gform-image-choice-sm":133,"gform-image-choice-sm-width":143,"gform-image-choice-sm-height":50,"gform-image-choice-md":133,"gform-image-choice-md-width":148,"gform-image-choice-md-height":61,"gform-image-choice-lg":133,"gform-image-choice-lg-width":149,"gform-image-choice-lg-height":63},"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhat-you-need-to-know-1-150x150.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhat-you-need-to-know-1-286x300.png",286,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhat-you-need-to-know-1-768x806.png",806,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhat-you-need-to-know-1-976x1024.png",976,381,572,"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhat-you-need-to-know-1.png","regular","What is a Consumer Proposal?","A simple and effective option for reducing debt","\u003Cp>A consumer proposal is a legally binding debt‑settlement agreement, filed through a Licensed Insolvency Trustee under Canada’s \u003Ca class=\"text-teal underline hover:no-underline\" href=\"https:\u002F\u002Flaws-lois.justice.gc.ca\u002Feng\u002Facts\u002FB-3\u002F\" target=\"_blank\" rel=\"noopener\">Bankruptcy and Insolvency Act\u003C\u002Fa>, that allows individuals to repay only a portion of their unsecured debt through fixed, affordable monthly payments while receiving full protection from creditors. At Farber Debt Solutions, a federally regulated Licensed Insolvency Trustee, we help individuals repay only a portion of their unsecured debt in accordance with guidelines set by the \u003Ca class=\"text-teal underline hover:no-underline\" href=\"https:\u002F\u002Fised-isde.canada.ca\u002Fsite\u002Foffice-superintendent-bankruptcy\u002Fen\" target=\"_blank\" rel=\"noopener\">Office of the Superintendent of Bankruptcy (OSB)\u003C\u002Fa>. There’s no interest added, no new loans taken out, and no surprise fees.\u003C\u002Fp>\n\u003Cp>When a consumer proposal is filed, collection calls, garnishments, and lawsuits stop immediately. Interest is frozen, and your debt stops growing. You keep your home, car, and personal belongings while maintaining any secured payments, giving you stability and breathing room during the proposal.\u003C\u002Fp>\n","contained","4\u002F12",{"desktop":158,"mobile":158},"imageContent",{"desktop":160,"mobile":160},"left","base",[],"light",{"fieldGroupName":165,"heading":33,"type":166,"accordion":167,"faqs":8,"outro":33,"button":33,"anchorId":33,"padding":173,"margin":175,"width":176},"Accordion","manual",[168,170],{"title":78,"content":169},"\u003Cp>Before people learn about consumer proposals, they usually try everything else first. They file consolidation loans, refinance their property, switch balances between cards, or try to outpace interest by making larger payments. \u003Ca class=\"text-teal underline hover:no-underline\" href=\"\u002Fdebt-relief\u002F\">But those options still rely on strong credit\u003C\u002Fa>, steady income, and lender approval and they don’t reduce the amount you owe.\u003C\u002Fp>\n\u003Cp>At the end of the day, a consumer proposal is a middle-ground solution for people who want to repay part of their debt but need a realistic plan to do it.\u003C\u002Fp>\n",{"title":171,"content":172},"Why Consumer Proposals Have Grown in Canada","\u003Cp>Consumer proposals have become quite popular, which is reflected in \u003Ca class=\"text-teal underline hover:no-underline\" href=\"https:\u002F\u002Fised-isde.canada.ca\u002Fsite\u002Foffice-superintendent-bankruptcy\u002Fen\u002Fstatistics-and-research\" target=\"_blank\" rel=\"noopener\">national insolvency filing statistics\u003C\u002Fa> published by the OSB. Consumer insolvencies remained historically high: Canada recorded 140,457 consumer insolvency filings in 2025, a 2.3% increase over 2024, marking the second‑highest annual volume on record since tracking began in 1987. This surge underscores how dramatically the \u003Ca class=\"text-teal underline hover:no-underline\" href=\"\u002Fthe-three-truths\u002F\">financial landscape has shifted\u003C\u002Fa> for many households. Inflation has pushed everyday costs higher, interest rates have climbed rapidly, and many people who were comfortable just a few years ago are now feeling squeezed.\u003C\u002Fp>\n\u003Cp>What makes proposals appealing is that they offer something rare in stressful times: predictability. You know exactly how much you’ll pay, and you know when it will end. There’s no guessing, no interest creeping back in, and no juggling multiple payments. It brings structure to a situation that has felt chaotic for too long.\u003C\u002Fp>\n",[174],"bottom-padding",[],"8\u002F12",{"fieldGroupName":127,"image":178,"supertitleStyling":151,"supertitle":33,"badgeNumber":33,"heading":193,"text":194,"button":195,"anchorId":198,"backgroundColor":66,"imageContainer":155,"imageSize":199,"layout":200,"textAlignment":202,"bodyTextSize":161,"showArrowBelow":19,"spacing":203,"buttonStyling":204},{"iD":179,"id":179,"title":180,"filename":181,"filesize":182,"url":183,"link":184,"alt":33,"author":34,"description":33,"caption":33,"name":185,"status":36,"uploadedTo":37,"date":186,"modified":186,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":56,"height":139,"sizes":187,"relativeUrl":192},3236,"Why a LIT 2","Why-a-LIT-2.png",285946,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-2.png","\u002Fwhy-a-licensed-insolvency-trustee\u002Fwhy-a-lit-2-2\u002F","why-a-lit-2-2","2024-07-10 13:17:06",{"thumbnail":188,"thumbnail-width":48,"thumbnail-height":48,"medium":189,"medium-width":143,"medium-height":50,"mediumLarge":190,"mediumLarge-width":53,"mediumLarge-height":145,"large":191,"large-width":147,"large-height":56,"1536x1536":183,"1536x1536-width":56,"1536x1536-height":139,"2048x2048":183,"2048x2048-width":56,"2048x2048-height":139,"gform-image-choice-sm":183,"gform-image-choice-sm-width":143,"gform-image-choice-sm-height":50,"gform-image-choice-md":183,"gform-image-choice-md-width":148,"gform-image-choice-md-height":61,"gform-image-choice-lg":183,"gform-image-choice-lg-width":149,"gform-image-choice-lg-height":63},"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-2-150x150.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-2-286x300.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-2-768x806.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-2-976x1024.png","\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FWhy-a-LIT-2.png","When To Consider a Consumer Proposal ","\u003Cp>A proposal might be worth exploring if you’re constantly choosing which bill to pay first, or if you’re making monthly payments and your balances never move. It’s also common for people to consider a proposal when collection calls start, when high interest becomes unmanageable, or when they’re relying on credit just to get through the month.\u003C\u002Fp>\n\u003Cp>Many Canadians who use proposals are hardworking people who have just hit a financial wall because of rising costs, job changes, unexpected expenses, or simply life happening too fast. \u003Ca class=\"text-teal underline hover:no-underline\" href=\"\u002Fwhat-you-need-to-know\u002F#debt-help\">If you’re struggling to keep up despite your best efforts\u003C\u002Fa>, you’re already in the range where a proposal could help.\u003C\u002Fp>\n",{"title":196,"url":197,"target":33},"Book a FREE consultation","\u002Fbook-a-consultation","when-to-consider","5\u002F12",{"desktop":201,"mobile":158},"contentImage",{"desktop":160,"mobile":160},[],"dark",{"fieldGroupName":206,"introduction":207,"steps":213,"showArrows":70,"anchorId":77},"Steps",{"supertitle":208,"heading":209,"button":210},"How Does a Consumer Proposal Work?","What You Can Expect From Start to Finish in the Proposal Process",{"title":211,"url":212,"target":33},"Learn About Consumer Proposals","\u002Fconsumer-proposal",[214,231,245,259],{"icon":215,"text":230},{"iD":216,"id":216,"title":217,"filename":218,"filesize":219,"url":220,"link":221,"alt":33,"author":34,"description":33,"caption":33,"name":217,"status":36,"uploadedTo":222,"date":223,"modified":224,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":228,"relativeUrl":229},2721,"icons8-connected-people","icons8-connected-people.svg",2023,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-connected-people.svg","\u002F?attachment_id=2721",348,"2024-06-24 14:59:50","2024-06-24 16:54:55","image\u002Fsvg+xml","svg+xml",96,{"thumbnail":220,"thumbnail-width":48,"thumbnail-height":48,"medium":220,"medium-width":50,"medium-height":50,"mediumLarge":220,"mediumLarge-width":53,"mediumLarge-height":53,"large":220,"large-width":56,"large-height":56,"1536x1536":220,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":220,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":220,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":220,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":220,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-connected-people.svg","Step 1: Meet With a Licensed Insolvency Trustee (LIT)",{"icon":232,"text":244},{"iD":233,"id":233,"title":234,"filename":235,"filesize":236,"url":237,"link":238,"alt":33,"author":34,"description":33,"caption":33,"name":234,"status":36,"uploadedTo":239,"date":240,"modified":241,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":242,"relativeUrl":243},3329,"icons8-duration-finance","icons8-duration-finance.svg",4660,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Ficons8-duration-finance.svg","\u002Fcmpgn\u002Fdebt-consolidation\u002Ficons8-duration-finance\u002F",2857,"2024-07-22 09:50:36","2024-07-22 09:59:09",{"thumbnail":237,"thumbnail-width":48,"thumbnail-height":48,"medium":237,"medium-width":50,"medium-height":50,"mediumLarge":237,"mediumLarge-width":53,"mediumLarge-height":53,"large":237,"large-width":56,"large-height":56,"1536x1536":237,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":237,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":237,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":237,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":237,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Ficons8-duration-finance.svg","Step 2: Evaluate Debts and Create a Proposal",{"icon":246,"text":258},{"iD":247,"id":247,"title":248,"filename":249,"filesize":250,"url":251,"link":252,"alt":33,"author":34,"description":33,"caption":33,"name":248,"status":36,"uploadedTo":253,"date":254,"modified":255,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":256,"relativeUrl":257},2740,"icons8-schedule","icons8-schedule.svg",2590,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-schedule.svg","\u002Ffinancial-fit-check\u002Ficons8-schedule\u002F",353,"2024-06-24 15:00:15","2024-07-02 22:15:52",{"thumbnail":251,"thumbnail-width":48,"thumbnail-height":48,"medium":251,"medium-width":50,"medium-height":50,"mediumLarge":251,"mediumLarge-width":53,"mediumLarge-height":53,"large":251,"large-width":56,"large-height":56,"1536x1536":251,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":251,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":251,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":251,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":251,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-schedule.svg","Step 3: Creditor Review and Approval",{"icon":260,"text":272},{"iD":261,"id":261,"title":262,"filename":263,"filesize":264,"url":265,"link":266,"alt":33,"author":34,"description":33,"caption":33,"name":262,"status":36,"uploadedTo":267,"date":268,"modified":269,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":270,"relativeUrl":271},2729,"icons8-cash-in-hand","icons8-cash-in-hand.svg",2344,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-cash-in-hand.svg","\u002Fbankruptcy\u002Ficons8-cash-in-hand\u002F",457,"2024-06-24 14:59:57","2024-06-24 17:16:09",{"thumbnail":265,"thumbnail-width":48,"thumbnail-height":48,"medium":265,"medium-width":50,"medium-height":50,"mediumLarge":265,"mediumLarge-width":53,"mediumLarge-height":53,"large":265,"large-width":56,"large-height":56,"1536x1536":265,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":265,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":265,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":265,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":265,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-cash-in-hand.svg","Step 4: Make Payments and Complete the Proposal",{"fieldGroupName":165,"heading":33,"type":166,"accordion":274,"faqs":8,"outro":284,"button":33,"anchorId":33,"padding":285,"margin":286,"width":176},[275,277,279,281],{"title":230,"content":276},"\u003Cp>The process starts with a conversation. You sit down with a \u003Ca href=\"https:\u002F\u002Fised-isde.canada.ca\u002Fsite\u002Foffice-superintendent-bankruptcy\u002Fen\u002Fyou-owe-money\u002Fwhat-licensed-insolvency-trustee\" target=\"_blank\" rel=\"noopener\">Licensed Insolvency Trustee\u003C\u002Fa> (the only professional in Canada who can allow you to file a consumer proposal), and walk through what’s been going on with your finances. This is often the first-time people feel a real sense of relief because they finally get clear answers and a path forward.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>The Licensed Insolvency Trustee reviews your income, expenses, assets and total debt\u003C\u002Fli>\n\u003Cli>They explain your options in a judgment-free way\u003C\u002Fli>\n\u003Cli>You get clarity on whether a proposal is the right fit\u003C\u002Fli>\n\u003Cli>You don’t need perfect documents or need to be fully prepared to start the process at this time\u003C\u002Fli>\n\u003C\u002Ful>\n",{"title":244,"content":278},"\u003Cp>If a proposal makes sense, your Trustee puts a repayment plan together that actually fits your budget. It’s shaped by your real numbers and designed to give you breathing room from day one.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>The plan is based on your income and living costs and the value of any equity in your assets\u003C\u002Fli>\n\u003Cli>Payments are usually setup for a maximum of five years\u003C\u002Fli>\n\u003Cli>However, you can finish the payments earlier if things improve financially for you\u003C\u002Fli>\n\u003Cli>Once filed, interest stops and collection activity stops immediately\u003C\u002Fli>\n\u003C\u002Ful>\n",{"title":258,"content":280},"\u003Cp>After filing, your creditors review the proposal.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Ca href=\"https:\u002F\u002Fised-isde.canada.ca\u002Fsite\u002Foffice-superintendent-bankruptcy\u002Fen\u002Fyou-owe-money\u002Fyou-owe-money-consumer-proposals\" target=\"_blank\" rel=\"noopener\">Creditors have 45 days to review your proposal\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>You never negotiate directly\u003C\u002Fli>\n\u003Cli>A majority based on dollar value who vote in favour of your proposal, results in an accepted proposal\u003C\u002Fli>\n\u003Cli>After that, there is a 15‑day court approval period (usually a formality)\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>Most people feel huge relief once an approval comes through\u003C\u002Fp>\n",{"title":282,"content":283},"Step 4: Make Payments and Complete the Proposal ","\u003Cp>Once approved, the proposal moves into the payment phase.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>You pay the Trustee, who distributes the funds to the creditors, less administrative fees and disbursements.\u003C\u002Fli>\n\u003Cli>You complete two financial counselling sessions\u003C\u002Fli>\n\u003Cli>Payments stay consistent unless \u003Cem>you\u003C\u002Fem> choose to end early\u003C\u002Fli>\n\u003Cli>When the final payment is made, the remaining debt is erased – with some exceptions such as student loans (if the end of study date is less than seven years ago), child or spousal support payments.\u003C\u002Fli>\n\u003C\u002Ful>\n","\u003Cp class=\"lg:text-xl\" style=\"text-align: center;\">Working with the right Licensed Insolvency Trustee (LIT), such as Farber Debt Solutions, can make the entire process feel smoother and more manageable. You want someone who listens, explains things clearly, and helps you choose the option that genuinely fits your life.\u003C\u002Fp>\n",[174],[],{"fieldGroupName":119,"supertitle":81,"heading":288,"textAlignment":120,"wysiwygEditor":289,"anchorId":80,"padding":290,"width":176,"backgroundColor":291,"border":19},"Signs This Path May Be the Right Fit for You and Your Financial Situation","\u003Ch3>Debt Thresholds and Eligibility Rules\u003C\u002Fh3>\n\u003Cp>Consumer proposals are designed for Canadians with unsecured debt at, or under $250,000 (excluding a mortgage on a principal residence only). You don’t need perfect credit, a certain income level, or a traditional job. You just need a reliable income and the ability to maintain a reasonable monthly payment.\u003C\u002Fp>\n\u003Cp>They work with most forms of debt, including credit cards, lines of credit, payday loans, overdue bills, income tax debt, and older student loans (i.e. beyond 7 years since you finished your schooling). And because the process is flexible, people in all kinds of financial situations find relief through proposals.\u003C\u002Fp>\n\u003Ch3>Employment and Income Considerations\u003C\u002Fh3>\n\u003Cp>You can file a consumer proposal whether your income comes from employment, self‑employment, a pension, disability benefits, or other stable sources. A proposal isn’t shared with your employer and rarely affects job opportunities. The key is consistency. The goal isn’t to stress your budget, but to create a payment that genuinely fits it.\u003C\u002Fp>\n\u003Ch3>Joint Consumer Proposals\u003C\u002Fh3>\n\u003Cp>If you and your partner share debt or your finances are tightly connected, a joint consumer proposal might make more sense. It streamlines everything into a single payment and keeps both of you working toward the same financial outcome. But it’s optional; you can also file your own proposal independently, even if you’re married or living together, as long as the debts aren’t jointly held.\u003C\u002Fp>\n\u003Ch3>Common Financial Situations Where a Consumer Proposal Is the Most Effective Debt‑Relief Option\u003C\u002Fh3>\n\u003Cp>A proposal often helps when credit card balances stay high no matter how much you pay, when interest outpaces your progress, when consolidation isn’t an option, or when income has changed and financial pressure has become unmanageable. If your debt has become a source of daily stress, you’re likely a strong candidate.\u003C\u002Fp>\n\u003Cp>At the end of the year, Canada reported 10,989 insolvency filings in December 2025, reflecting persistently elevated monthly volumes across the country.\u003C\u002Fp>\n",[123,174],"bg-teal-lightest",{"fieldGroupName":127,"image":293,"supertitleStyling":151,"supertitle":310,"badgeNumber":33,"heading":311,"text":312,"button":8,"anchorId":313,"backgroundColor":125,"imageContainer":155,"imageSize":156,"layout":314,"textAlignment":315,"bodyTextSize":161,"showArrowBelow":19,"spacing":316,"buttonStyling":163},{"iD":294,"id":294,"title":295,"filename":296,"filesize":297,"url":298,"link":299,"alt":33,"author":34,"description":33,"caption":33,"name":300,"status":36,"uploadedTo":301,"date":302,"modified":303,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":56,"height":139,"sizes":304,"relativeUrl":309},2784,"Consumer Proposal 2","Consumer-Proposal-2.png",223414,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FConsumer-Proposal-2.png","\u002Fcmpgn\u002Fdebt-payment-calculator\u002Fconsumer-proposal-2\u002F","consumer-proposal-2",2855,"2024-06-27 14:56:45","2024-07-18 12:50:05",{"thumbnail":305,"thumbnail-width":48,"thumbnail-height":48,"medium":306,"medium-width":143,"medium-height":50,"mediumLarge":307,"mediumLarge-width":53,"mediumLarge-height":145,"large":308,"large-width":147,"large-height":56,"1536x1536":298,"1536x1536-width":56,"1536x1536-height":139,"2048x2048":298,"2048x2048-width":56,"2048x2048-height":139,"gform-image-choice-sm":298,"gform-image-choice-sm-width":143,"gform-image-choice-sm-height":50,"gform-image-choice-md":298,"gform-image-choice-md-width":148,"gform-image-choice-md-height":61,"gform-image-choice-lg":298,"gform-image-choice-lg-width":149,"gform-image-choice-lg-height":63},"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FConsumer-Proposal-2-150x150.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FConsumer-Proposal-2-286x300.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FConsumer-Proposal-2-768x806.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FConsumer-Proposal-2-976x1024.png","\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FConsumer-Proposal-2.png","Consumer Proposal vs Bankruptcy vs Debt Consolidation","Understanding the Differences Between Your Debt Relief Options","\u003Cp>Once you realize something needs to change, the next question is usually, “Okay, but which option do I actually choose?”\u003C\u002Fp>\n\u003Cp>On paper, consumer proposals, bankruptcy, and debt consolidation can look similar. In real life, they feel very different. Comparing them side by side makes it easier to see which one lines up with your situation and your goals.\u003C\u002Fp>\n","consumer-proposal-bankruptcy-debt-consolidation",{"desktop":158,"mobile":158},{"desktop":160,"mobile":160},[],{"fieldGroupName":119,"supertitle":33,"heading":318,"textAlignment":120,"wysiwygEditor":319,"anchorId":83,"padding":320,"width":176,"backgroundColor":125,"border":19},"Learn How They Compare","\u003Cp>At a high level, the biggest difference comes down to how much you repay, what happens to your assets, how your credit is affected, and how long everything lasts.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>A consumer proposal focuses on reducing what you owe (i.e. settling by paying a lower amount back) while letting you keep your home, car, and savings.\u003C\u002Fli>\n\u003Cli>Bankruptcy is more of a full reset and may affect your assets and credit more heavily.\u003C\u002Fli>\n\u003Cli>A consolidation loan keeps everything in one place but doesn’t reduce the debt itself and still charges interest.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>Here is a quick comparison to make things easier to review:\u003C\u002Fp>\n\u003Ch3 style=\"text-align: center; margin-bottom: -5rem;\">Consumer Proposal vs. Bankruptcy vs. Debt Consolidation\u003C\u002Fh3>\n",[],{"fieldGroupName":322,"introduction":323,"comparisonTable":19,"anchorId":33},"OptionsComparison",{"supertitle":33,"heading":33,"text":324},"\u003Cstyle>.cp-comparison{display:grid;grid-template-columns:repeat(3,1fr);border:1px solid #E7E7E7;border-radius:14px;overflow:hidden;box-shadow:0 4px 14px rgba(0,0,0,.08);font-size:12px;line-height:1.25rem;margin-bottom:-4rem;}.cp-comparison p{margin:0}.cp-header{padding:18px 12px;text-align:center;font-size:14px;font-weight:700;background:#fff}.cp-header.recommended{background:#E6FAFC;color:#00859B;font-size:17px;position:relative;z-index:2;box-shadow:0 6px 12px rgba(0,0,0,.08);border-left:1px solid rgba(0,0,0,.06);border-right:1px solid rgba(0,0,0,.06);padding-top:5px}.cp-badge{display:inline-block;margin-bottom:5px;padding:3px 9px;border-radius:999px;background:#008FA3;color:#fff;font-size:8px;font-weight:700;text-transform:uppercase;line-height:1}.cp-row{display:contents}.cp-cell{padding:14px 12px;background:#fff;text-align:left}.cp-cell.recommended{background:#E6FAFC;position:relative;z-index:2;box-shadow:0 6px 12px rgba(0,0,0,.08);border-left:1px solid rgba(0,0,0,.06);border-right:1px solid rgba(0,0,0,.06)}.cp-feature-label{display:block;color:#00859B;font-weight:700;margin-bottom:6px;text-align:left}.cp-feature-text{display:flex;align-items:flex-start;gap:8px;text-align:left}.cp-check,.cp-warning,.cp-icon-space{display:inline-flex;align-items:center;justify-content:center;flex:0 0 18px;width:18px;min-width:18px;height:18px;min-height:18px;border-radius:50%;font-size:12px;line-height:1;color:#fff;box-sizing:border-box}.cp-check{background:#18BFD0}.cp-warning{background:#F86D5A}.cp-icon-space{background:transparent}@media(max-width:767px){.cp-header.recommended{font-size:14px}.cp-feature-text{flex-direction:column;align-items:flex-start;gap:6px}.cp-check,.cp-warning,.cp-icon-space{flex:0 0 18px;width:18px;min-width:18px;height:18px;min-height:18px;font-size:10px}}@media(min-width:768px){.cp-comparison{font-size:15px;line-height:1.45rem}.cp-header{padding:22px 22px 18px;font-size:16px}.cp-header.recommended{font-size:17px}.cp-cell{padding:18px 22px}.cp-feature-label{margin-bottom:10px}}\u003C\u002Fstyle>\n\u003Cdiv class=\"cp-comparison\">\n\u003Cdiv class=\"cp-header\">Bankruptcy\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-header recommended\">\u003Cspan class=\"cp-badge\">Most Popular\u003C\u002Fspan>\u003Cbr \u002F>\nConsumer Proposal\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-header\">Debt Consolidation\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-row\">\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">What it does\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Eliminates unsecured debt by considering assets and income\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell recommended\">\u003Cspan class=\"cp-feature-label\">What it does\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Reduces debt into one affordable payment via a settlement plan\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">What it does\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Combines debts into one loan\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-row\">\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Interest\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">No interest\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell recommended\">\u003Cspan class=\"cp-feature-label\">Interest\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">No interest\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Interest\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Interest charged\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-row\">\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Assets\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Some assets may be affected\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell recommended\">\u003Cspan class=\"cp-feature-label\">Assets\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">You keep your home, car, savings\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Assets\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Assets kept, but may be used as collateral\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-row\">\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Credit Impact\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">\u003Ca class=\"text-teal underline hover:no-underline\" href=\"#r7-vs-r9\">R9 rating\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell recommended\">\u003Cspan class=\"cp-feature-label\">Credit Impact\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">\u003Ca class=\"text-teal underline hover:no-underline\" href=\"#r7-vs-r9\">R7 rating\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Credit Impact\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Depends on payment history\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-row\">\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Timeline\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">9–21 months. Could be 24 or 36 months also if there is a previous bankruptcy\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell recommended\">\u003Cspan class=\"cp-feature-label\">Timeline\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">5 years, but can end early if paid sooner\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Timeline\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">Varies by lender\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-row\">\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Best for\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">People who need relief because a proposal payment plan is not manageable\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell recommended\">\u003Cspan class=\"cp-feature-label\">Best for\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">People who want relief without losing assets\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cdiv class=\"cp-cell\">\u003Cspan class=\"cp-feature-label\">Best for\u003C\u002Fspan>\u003Cspan class=\"cp-feature-text\">People with good credit who qualify for a loan\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n",{"fieldGroupName":119,"supertitle":33,"heading":33,"textAlignment":120,"wysiwygEditor":326,"anchorId":33,"padding":327,"width":124,"backgroundColor":125,"border":19},"\u003Cp class=\"lg:text-xl\" style=\"text-align: center;\">If keeping your home, car, or savings matters to you, that is where a consumer proposal really stands out. It is designed to protect your assets while still giving creditors a fair repayment based on what you can realistically manage.\u003C\u002Fp>\n",[],{"fieldGroupName":165,"heading":33,"type":166,"accordion":329,"faqs":8,"outro":33,"button":33,"anchorId":33,"padding":336,"margin":337,"width":176},[330,333],{"title":331,"content":332},"When Bankruptcy Might Be the Better Option","\u003Cp>Bankruptcy can be the better fit when even a reduced consumer proposal payment would still be too much. If your income is very low, your debt is extremely high, or you are facing financial pressure with no real way to contribute monthly, bankruptcy may give you faster relief and a more complete reset.\u003C\u002Fp>\n\u003Cp>It can also make sense if you have little or no assets to protect and would not benefit much from the asset protection a proposal offers. In those situations, stretching to make a proposal payment might only add more stress.\u003C\u002Fp>\n",{"title":334,"content":335},"Why Many Canadians Prefer Consumer Proposals","\u003Cp>Many people choose a consumer proposal because it feels like a balanced solution. You lower your debt, protect your assets, and move to one predictable payment instead of juggling several. There is no interest on the proposal amount, and you know exactly when it will end if you stay on track.\u003C\u002Fp>\n\u003Cp>For a lot of Canadians, the emotional side matters just as much. It is a way to take responsibility for your debt without losing the pieces of your life you have worked hard to build.\u003C\u002Fp>\n",[],[],{"fieldGroupName":339,"supertitle":87,"heading":340,"introText":341,"icons":342,"outroText":33,"button":8,"anchorId":86,"backgroundColor":291,"padding":383,"iconSize":384,"iconAlignment":385},"IconGrid","What Keeps Your Payments Simple, Transparent, and Predictable","\u003Cp>A consumer proposal costs one monthly payment that actually fits your budget. There’s no interest and no extra fees added on top. Everything is rolled into that single amount, which makes the plan predictable and easy to manage.\u003C\u002Fp>\n",[343,356,370],{"icon":344,"heading":354,"text":355},{"iD":345,"id":345,"title":346,"filename":347,"filesize":348,"url":349,"link":350,"alt":33,"author":34,"description":33,"caption":33,"name":346,"status":36,"uploadedTo":253,"date":351,"modified":255,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":352,"relativeUrl":353},2725,"icons8-document","icons8-document.svg",1438,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-document.svg","\u002Ffinancial-fit-check\u002Ficons8-document\u002F","2024-06-24 14:59:54",{"thumbnail":349,"thumbnail-width":48,"thumbnail-height":48,"medium":349,"medium-width":50,"medium-height":50,"mediumLarge":349,"mediumLarge-width":53,"mediumLarge-height":53,"large":349,"large-width":56,"large-height":56,"1536x1536":349,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":349,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":349,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":349,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":349,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-document.svg","How Payments Are Calculated","Your payment is based on your income, your living costs, equity in assets, and what creditors are likely to accept. The Trustee looks at what you can realistically afford, then helps you build a proposal that balances your budget with a fair offer to creditors. ",{"icon":357,"heading":368,"text":369},{"iD":358,"id":358,"title":359,"filename":360,"filesize":361,"url":362,"link":363,"alt":33,"author":34,"description":33,"caption":33,"name":359,"status":36,"uploadedTo":364,"date":365,"modified":365,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":366,"relativeUrl":367},3334,"icons8-banknotes","icons8-banknotes.svg",2143,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Ficons8-banknotes.svg","\u002Fcmpgn\u002Fbankruptcy\u002Ficons8-banknotes\u002F",2860,"2024-07-22 12:48:26",{"thumbnail":362,"thumbnail-width":48,"thumbnail-height":48,"medium":362,"medium-width":50,"medium-height":50,"mediumLarge":362,"mediumLarge-width":53,"mediumLarge-height":53,"large":362,"large-width":56,"large-height":56,"1536x1536":362,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":362,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":362,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":362,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":362,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Ficons8-banknotes.svg","Government-Regulated Fees","You never pay the Trustee separately. Their fees are already included in your monthly payment and are regulated by the federal government. There are no surprises or add-ons along the way. ",{"icon":371,"heading":381,"text":382},{"iD":372,"id":372,"title":373,"filename":374,"filesize":375,"url":376,"link":377,"alt":33,"author":34,"description":33,"caption":33,"name":373,"status":36,"uploadedTo":222,"date":378,"modified":378,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":379,"relativeUrl":380},3328,"icons8-low-price","icons8-low-price.svg",1888,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-low-price.svg","\u002F?attachment_id=3328","2024-07-22 09:49:42",{"thumbnail":376,"thumbnail-width":48,"thumbnail-height":48,"medium":376,"medium-width":50,"medium-height":50,"mediumLarge":376,"mediumLarge-width":53,"mediumLarge-height":53,"large":376,"large-width":56,"large-height":56,"1536x1536":376,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":376,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":376,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":376,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":376,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-low-price.svg","Example: Reducing $60,000 Debt into One Payment","If someone owes around $60,000 of unsecured debt, a proposal settlement plan may reduce that to a monthly payment for five years in the $250 to $350 range depending on assets owned and monthly income. The exact number depends on their situation, but the idea is the same: the debt becomes manageable, interest drops to zero, and you finally have breathing room. ",[123,174],"96","top",{"fieldGroupName":119,"supertitle":90,"heading":387,"textAlignment":120,"wysiwygEditor":388,"anchorId":89,"padding":389,"width":176,"backgroundColor":125,"border":19},"What You Can Expect to See on Your Report After You File","\u003Cp class=\"lg:text-xl\" style=\"text-align: center; margin-bottom: -2rem;\">A consumer proposal will show up on your credit report, but not in the dramatic, life-altering way people often fear.\u003C\u002Fp>\n",[123],{"fieldGroupName":165,"heading":33,"type":166,"accordion":391,"faqs":8,"outro":33,"button":33,"anchorId":401,"padding":402,"margin":403,"width":176},[392,395,398],{"title":393,"content":394},"Credit Rating Impact (R7 vs R9 Explained)","\u003Cp>A proposal adds an R7 rating to your credit report, which means you settled your debt through a regulated program. It isn’t permanent and it’s not the worst mark you can have.\u003C\u002Fp>\n\u003Cp>Bankruptcy carries an R9 rating, which is viewed as more serious. Lenders often see an R7 as a sign that someone took responsibility and created a structured plan to move forward.\u003C\u002Fp>\n",{"title":396,"content":397},"How Long It Stays on File","\u003Cp>A consumer proposal stays on your credit report during the repayment period and for three years after your last payment, or 6 years after filing, whichever is earlier. If you pay it off early, that three-year countdown starts earlier too. The timeline isn’t fixed forever, and you have more control over it than you might expect.\u003C\u002Fp>\n",{"title":399,"content":400},"Credit Rebuilding After Completion","\u003Cp>\u003Ca href=\"\u002Fblog\u002Fhow-to-rebuild-a-bad-credit-score\u002F\">Credit rebuilding\u003C\u002Fa> begins sooner than most people think. Many people start with a secured credit card, keep balances low, and make consistent payments. With steady habits, your score starts to rise again, often faster than it was falling before the proposal. Completing the proposal also means you have no unsecured debt moving forward, weighing you down, which makes future borrowing more accessible.\u003C\u002Fp>\n","r7-vs-r9",[174],[],{"fieldGroupName":206,"introduction":405,"steps":407,"showArrows":70,"anchorId":92},{"supertitle":93,"heading":406,"button":8},"How Your Payments Begin and Your Protection Comes Into Place",[408,421,435],{"icon":409,"text":420},{"iD":410,"id":410,"title":411,"filename":412,"filesize":413,"url":414,"link":415,"alt":33,"author":34,"description":33,"caption":33,"name":411,"status":36,"uploadedTo":37,"date":416,"modified":417,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":418,"relativeUrl":419},2738,"icons8-law","icons8-law.svg",3068,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-law.svg","\u002Fwhy-a-licensed-insolvency-trustee\u002Ficons8-law\u002F","2024-06-24 15:00:12","2024-06-24 17:12:19",{"thumbnail":414,"thumbnail-width":48,"thumbnail-height":48,"medium":414,"medium-width":50,"medium-height":50,"mediumLarge":414,"mediumLarge-width":53,"mediumLarge-height":53,"large":414,"large-width":56,"large-height":56,"1536x1536":414,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":414,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":414,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":414,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":414,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-law.svg","Immediate Protections",{"icon":422,"text":434},{"iD":423,"id":423,"title":424,"filename":425,"filesize":426,"url":427,"link":428,"alt":33,"author":34,"description":33,"caption":33,"name":424,"status":36,"uploadedTo":429,"date":430,"modified":431,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":432,"relativeUrl":433},2728,"icons8-card-exchange","icons8-card-exchange.svg",1898,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-card-exchange.svg","\u002Fdebt-counselling\u002Ficons8-card-exchange\u002F",373,"2024-06-24 14:59:56","2024-06-24 17:15:06",{"thumbnail":427,"thumbnail-width":48,"thumbnail-height":48,"medium":427,"medium-width":50,"medium-height":50,"mediumLarge":427,"mediumLarge-width":53,"mediumLarge-height":53,"large":427,"large-width":56,"large-height":56,"1536x1536":427,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":427,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":427,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":427,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":427,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-card-exchange.svg","Ongoing Payments and Reviews",{"icon":436,"text":446},{"iD":437,"id":437,"title":438,"filename":439,"filesize":440,"url":441,"link":442,"alt":33,"author":34,"description":33,"caption":33,"name":438,"status":36,"uploadedTo":37,"date":443,"modified":417,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":444,"relativeUrl":445},2737,"icons8-license","icons8-license.svg",2681,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-license.svg","\u002Fwhy-a-licensed-insolvency-trustee\u002Ficons8-license\u002F","2024-06-24 15:00:10",{"thumbnail":441,"thumbnail-width":48,"thumbnail-height":48,"medium":441,"medium-width":50,"medium-height":50,"mediumLarge":441,"mediumLarge-width":53,"mediumLarge-height":53,"large":441,"large-width":56,"large-height":56,"1536x1536":441,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":441,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":441,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":441,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":441,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-license.svg","Completion and Certificate of Full Performance",{"fieldGroupName":165,"heading":33,"type":166,"accordion":448,"faqs":8,"outro":33,"button":33,"anchorId":33,"padding":455,"margin":456,"width":124},[449,451,453],{"title":420,"content":450},"\u003Cp>Right after your proposal is filed, things quiet down fast. Collection calls stop, interest stops, and any wage garnishments or legal action get put on hold. Most people describe this moment as the first real breath they’ve taken in a long time.\u003C\u002Fp>\n",{"title":434,"content":452},"\u003Cp>Once you’re in the proposal, and after it has been accepted, everything runs on a simple routine. You make one steady monthly payment and have two counselling sessions to help you rebuild your financial footing. Your Trustee also checks in with you along the way, especially if your situation changes (like a change in your job or pay), so the plan always feels realistic rather than rigid.\u003C\u002Fp>\n",{"title":446,"content":454},"\u003Cp>When your final payment is made, your Trustee issues a Certificate of Full Performance. It’s the official confirmation that your remaining unsecured debt is cleared.\u003C\u002Fp>\n",[174],[],{"fieldGroupName":339,"supertitle":458,"heading":459,"introText":460,"icons":461,"outroText":33,"button":8,"anchorId":95,"backgroundColor":291,"padding":491,"iconSize":492,"iconAlignment":385},"Benefits of Filing a Consumer Proposal ","How a Proposal Gives You a Fresh Financial Start","\u003Cp>A consumer proposal offers more than debt reduction. It gives you a chance to regain control, breathe easier, and move forward without the constant stress of growing interest or unpredictable payments.\u003C\u002Fp>\n",[462,476,481,486],{"icon":463,"heading":474,"text":475},{"iD":464,"id":464,"title":465,"filename":466,"filesize":467,"url":468,"link":469,"alt":33,"author":34,"description":33,"caption":33,"name":465,"status":36,"uploadedTo":253,"date":470,"modified":470,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":471,"height":471,"sizes":472,"relativeUrl":473},2878,"check-circle","check-circle.png",1020,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Fcheck-circle.png","\u002Ffinancial-fit-check\u002Fcheck-circle\u002F","2024-07-02 22:00:40",49,{"thumbnail":468,"thumbnail-width":471,"thumbnail-height":471,"medium":468,"medium-width":471,"medium-height":471,"mediumLarge":468,"mediumLarge-width":471,"mediumLarge-height":471,"large":468,"large-width":471,"large-height":471,"1536x1536":468,"1536x1536-width":471,"1536x1536-height":471,"2048x2048":468,"2048x2048-width":471,"2048x2048-height":471,"gform-image-choice-sm":468,"gform-image-choice-sm-width":471,"gform-image-choice-sm-height":471,"gform-image-choice-md":468,"gform-image-choice-md-width":471,"gform-image-choice-md-height":471,"gform-image-choice-lg":468,"gform-image-choice-lg-width":471,"gform-image-choice-lg-height":471},"\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Fcheck-circle.png","Stops Wage Garnishments and Lawsuits","One of the strongest protections is the immediate halt of wage garnishments and legal action. Once the proposal is filed, a stay of proceedings (\u003Ca href=\"https:\u002F\u002Fwww.ic.gc.ca\u002Fapp\u002Fscr\u002Fbsf-osb\u002Fins\u002Flogin.html;lang=eng?lang=eng\" target=\"_blank\">Government of Canada\u003C\u002Fa>) takes effect, which stops collection calls, wage garnishments, and lawsuits. This gives you back your income and protects you from sudden financial shocks. ",{"icon":477,"heading":479,"text":480},{"iD":464,"id":464,"title":465,"filename":466,"filesize":467,"url":468,"link":469,"alt":33,"author":34,"description":33,"caption":33,"name":465,"status":36,"uploadedTo":253,"date":470,"modified":470,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":471,"height":471,"sizes":478,"relativeUrl":473},{"thumbnail":468,"thumbnail-width":471,"thumbnail-height":471,"medium":468,"medium-width":471,"medium-height":471,"mediumLarge":468,"mediumLarge-width":471,"mediumLarge-height":471,"large":468,"large-width":471,"large-height":471,"1536x1536":468,"1536x1536-width":471,"1536x1536-height":471,"2048x2048":468,"2048x2048-width":471,"2048x2048-height":471,"gform-image-choice-sm":468,"gform-image-choice-sm-width":471,"gform-image-choice-sm-height":471,"gform-image-choice-md":468,"gform-image-choice-md-width":471,"gform-image-choice-md-height":471,"gform-image-choice-lg":468,"gform-image-choice-lg-width":471,"gform-image-choice-lg-height":471},"Consolidates All Debts into One Payment","All eligible debts get grouped into a single monthly payment. There are no interest charges and no surprise changes to the amount you owe. The predictability makes planning ahead easier and removes the feeling of juggling too many accounts at once. ",{"icon":482,"heading":484,"text":485},{"iD":464,"id":464,"title":465,"filename":466,"filesize":467,"url":468,"link":469,"alt":33,"author":34,"description":33,"caption":33,"name":465,"status":36,"uploadedTo":253,"date":470,"modified":470,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":471,"height":471,"sizes":483,"relativeUrl":473},{"thumbnail":468,"thumbnail-width":471,"thumbnail-height":471,"medium":468,"medium-width":471,"medium-height":471,"mediumLarge":468,"mediumLarge-width":471,"mediumLarge-height":471,"large":468,"large-width":471,"large-height":471,"1536x1536":468,"1536x1536-width":471,"1536x1536-height":471,"2048x2048":468,"2048x2048-width":471,"2048x2048-height":471,"gform-image-choice-sm":468,"gform-image-choice-sm-width":471,"gform-image-choice-sm-height":471,"gform-image-choice-md":468,"gform-image-choice-md-width":471,"gform-image-choice-md-height":471,"gform-image-choice-lg":468,"gform-image-choice-lg-width":471,"gform-image-choice-lg-height":471},"Protects Your Assets","A consumer proposal allows you to retain title to your home, your vehicle, and allows you to keep your savings, and personal belongings. Your life stays stable while you work through the repayment plan, which helps you stay grounded and consistent. ",{"icon":487,"heading":489,"text":490},{"iD":464,"id":464,"title":465,"filename":466,"filesize":467,"url":468,"link":469,"alt":33,"author":34,"description":33,"caption":33,"name":465,"status":36,"uploadedTo":253,"date":470,"modified":470,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":471,"height":471,"sizes":488,"relativeUrl":473},{"thumbnail":468,"thumbnail-width":471,"thumbnail-height":471,"medium":468,"medium-width":471,"medium-height":471,"mediumLarge":468,"mediumLarge-width":471,"mediumLarge-height":471,"large":468,"large-width":471,"large-height":471,"1536x1536":468,"1536x1536-width":471,"1536x1536-height":471,"2048x2048":468,"2048x2048-width":471,"2048x2048-height":471,"gform-image-choice-sm":468,"gform-image-choice-sm-width":471,"gform-image-choice-sm-height":471,"gform-image-choice-md":468,"gform-image-choice-md-width":471,"gform-image-choice-md-height":471,"gform-image-choice-lg":468,"gform-image-choice-lg-width":471,"gform-image-choice-lg-height":471},"Offers a Path Back to Financial Health","A proposal gives you the chance to rebuild. Once interest stops, payments shrink, and stress eases, you can finally focus on creating healthier financial habits. Many people leave the process feeling more confident than they have in years. ",[123,174],"48",{"fieldGroupName":494,"introduction":495,"type":166,"accordions":497,"faqs":8,"button":8,"enableSeoSchema":19,"anchorId":510},"FaqAccordion",{"supertitle":33,"heading":99,"text":496},"A lot of hesitation comes from myths rather than facts. Understanding what is and isn’t true helps you make a clear decision instead of reacting to fear or misinformation. ",[498,501,504,507],{"title":499,"content":500},"Will I Lose My Home or Car?","\u003Cp>No. A consumer proposal protects your assets. Your home and car remain yours as long as you continue making payments on them, if they are tied to a mortgage or financing contract. The proposal focuses on your unsecured debt, not the things you need to live your life.\u003C\u002Fp>\n",{"title":502,"content":503},"Is it a Public Record? ","\u003Cp>Technically yes, but not in a way that affects your daily life. Your filing appears in a government database that is searchable, but each search comes with a fee, which means people don’t often look it up casually or out of curiosity. Outside of situations where someone has a legitimate reason to check (for example, when you apply for credit), it’s extremely unlikely anyone will ever access it.\u003C\u002Fp>\n\u003Cp>For employers, friends, family, or the general public, this information simply isn’t something they would see.\u003C\u002Fp>\n",{"title":505,"content":506},"Does It Ruin My Credit Forever? ","\u003Cp>No. Credit recovery starts during the proposal, not after it. With a few steady steps, many people see improvements much sooner than expected. The proposal doesn’t follow you forever, and your credit absolutely can bounce back.\u003C\u002Fp>\n",{"title":508,"content":509},"What Happens If I Miss Payments?","\u003Cp>Missing a payment doesn’t automatically cancel your proposal. Your Trustee will reach out to understand what happened and help you get back on track. Communication is important, because too many missed payments without a plan allows creditors to resume collection.\u003C\u002Fp>\n","risks-and-misconceptions",{"fieldGroupName":512,"supertitle":102,"heading":513,"image":514,"text":528,"cards":529,"anchorId":101},"CustomerJourney","Finding the Trust and Support You Need in the Team You Work With ",{"iD":515,"id":515,"title":28,"filename":29,"filesize":516,"url":517,"link":518,"alt":33,"author":34,"description":33,"caption":33,"name":519,"status":36,"uploadedTo":37,"date":520,"modified":521,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":56,"height":139,"sizes":522,"relativeUrl":527},2786,233755,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhy-a-LIT.png","\u002Fwhy-a-licensed-insolvency-trustee\u002Fwhy-a-lit\u002F","why-a-lit","2024-06-27 14:56:51","2024-06-27 15:07:16",{"thumbnail":523,"thumbnail-width":48,"thumbnail-height":48,"medium":524,"medium-width":143,"medium-height":50,"mediumLarge":525,"mediumLarge-width":53,"mediumLarge-height":145,"large":526,"large-width":147,"large-height":56,"1536x1536":517,"1536x1536-width":56,"1536x1536-height":139,"2048x2048":517,"2048x2048-width":56,"2048x2048-height":139,"gform-image-choice-sm":517,"gform-image-choice-sm-width":143,"gform-image-choice-sm-height":50,"gform-image-choice-md":517,"gform-image-choice-md-width":148,"gform-image-choice-md-height":61,"gform-image-choice-lg":517,"gform-image-choice-lg-width":149,"gform-image-choice-lg-height":63},"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhy-a-LIT-150x150.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhy-a-LIT-286x300.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhy-a-LIT-768x806.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhy-a-LIT-976x1024.png","\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002FWhy-a-LIT.png","\u003Cp>Working with the right \u003Ca href=\"\u002Fwhy-a-licensed-insolvency-trustee\u002F\">Licensed Insolvency Trustee (LIT)\u003C\u002Fa> makes the entire process feel smoother and more manageable. You want someone who listens, explains things clearly, and helps you choose the option that genuinely fits your life.\u003C\u002Fp>\n",[530,533,536],{"title":531,"text":532},"What Is an LIT?","\u003Cp>A Licensed Insolvency Trustee is a federally regulated professional authorized to file consumer proposals and bankruptcies in Canada. They guide you through the process, communicate with creditors on your behalf, and make sure everything follows Canadian insolvency laws.\u003C\u002Fp>\n",{"title":534,"text":535},"Questions to Ask Before You File","\u003Cp>It helps to ask a few simple questions before you decide who to work with. Do they explain things in a way that makes sense? Do they walk you through all your options, not just one? Do you feel comfortable asking questions? The relationship matters because this is a personal financial decision.\u003C\u002Fp>\n",{"title":537,"text":538},"Why Choose Farber","\u003Cp>Farber has been helping Canadians navigate debt for decades. Our approach is supportive, respectful, and focused on creating solutions that fit real lives. Our team will walk with you through the entire process and give you the tools you need to move forward confidently. With Farber, you’re never navigating any of it alone.\u003C\u002Fp>\n",{"fieldGroupName":494,"introduction":540,"type":166,"accordions":542,"faqs":8,"button":552,"enableSeoSchema":19,"anchorId":104},{"supertitle":33,"heading":105,"text":541},"Consumer proposals are governed federally, but the real‑world experience varies by province: from average household debt to court processes to the availability of local Farber offices. This section strengthens location relevance and helps visitors move directly into their local journey. ",[543,546,549],{"title":544,"content":545},"Consumer Proposal in Ontario","\u003Cp>Ontario consistently reports some of the highest average non‑mortgage debt levels in Canada, driven by housing costs, car loans, and credit card balances. Many households carry $22,000-$24,000 in non‑mortgage consumer debt, making structured repayment solutions increasingly common.\u003C\u002Fp>\n\u003Cp>Consumer proposals in Ontario are filed under the federal Bankruptcy and Insolvency Act and administered locally through the Office of the Superintendent of Bankruptcy (OSB) and, when required, the Ontario Superior Court of Justice. Most people never attend court; your Licensed Insolvency Trustee (LIT) handles the process.\u003C\u002Fp>\n\u003Cp>Farber has offices throughout Ontario, offering convenient access to local teams who understand regional cost‑of‑living pressures. All meeting locations are available by appointment only.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Learn more: \u003Ca href=\"https:\u002F\u002Fwww.farber.ca\u002Fconsumer-proposal\u002Fontario\">Consumer Proposal in Ontario\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Find a local office: \u003Ca href=\"https:\u002F\u002Fwww.farber.ca\u002Flocations\">Farber Ontario Locations\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n",{"title":547,"content":548},"Consumer Proposal in Alberta","\u003Cp>Alberta residents often face some of the highest average non‑mortgage debt in the country, frequently exceeding $25,000 per person, driven by vehicle financing, credit cards, and income volatility tied to the energy sector.\u003C\u002Fp>\n\u003Cp>Consumer proposals are federally regulated but administered locally through the Office of the Superintendent of Bankruptcy (OSB) and, when required, the Alberta Court of Justice. Your Licensed Insolvency Trustee manages filings, creditor communication, and any court steps.\u003C\u002Fp>\n\u003Cp>Farber has offices across Alberta, providing convenient access to local teams who understand regional cost‑of‑living pressures. All meeting locations operate on an appointment‑only basis.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Learn more: \u003Ca href=\"https:\u002F\u002Fwww.farber.ca\u002Fconsumer-proposal\u002Falberta\">Consumer Proposal in Alberta\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Find a local office: \u003Ca href=\"https:\u002F\u002Fwww.farber.ca\u002Flocations\">Farber Alberta Locations\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n",{"title":550,"content":551},"Consumer Proposal in British Columbia","\u003Cp>British Columbia’s high cost of living, especially in Greater Vancouver and Victoria; contributes to rising consumer debt. Many households carry $20,000+ in non‑mortgage debt, and mortgage\u002Frent pressures make cash‑flow relief essential.\u003C\u002Fp>\n\u003Cp>Consumer proposals in BC are filed federally and may involve the BC Supreme Court when court approval is required. Your Licensed Insolvency Trustee handles all filings and creditor interactions.\u003C\u002Fp>\n\u003Cp>Farber has offices throughout British Columbia, giving clients convenient access to local teams who understand the province’s unique cost‑of‑living pressures. All meeting locations are available by appointment only.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Learn more: \u003Ca href=\"https:\u002F\u002Fwww.farber.ca\u002Fconsumer-proposal\u002Fbritish-columbia\">Consumer Proposal in British Columbia\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Find a local office: \u003Ca href=\"https:\u002F\u002Fwww.farber.ca\u002Flocations\">Farber BC Locations\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n",{"title":553,"url":554,"target":33},"Find nearest office location","\u002Flocations",{"fieldGroupName":206,"introduction":556,"steps":560,"showArrows":70,"anchorId":107},{"supertitle":108,"heading":557,"button":558},"What You Can Expect From the Start of the Process",{"title":559,"url":197,"target":33},"Book a FREE Consultation",[561,565,577,581],{"icon":562,"text":564},{"iD":216,"id":216,"title":217,"filename":218,"filesize":219,"url":220,"link":221,"alt":33,"author":34,"description":33,"caption":33,"name":217,"status":36,"uploadedTo":222,"date":223,"modified":224,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":563,"relativeUrl":229},{"thumbnail":220,"thumbnail-width":48,"thumbnail-height":48,"medium":220,"medium-width":50,"medium-height":50,"mediumLarge":220,"mediumLarge-width":53,"mediumLarge-height":53,"large":220,"large-width":56,"large-height":56,"1536x1536":220,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":220,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":220,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":220,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":220,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"Step 1: Free Consultation",{"icon":566,"text":576},{"iD":567,"id":567,"title":568,"filename":569,"filesize":570,"url":571,"link":572,"alt":33,"author":34,"description":33,"caption":33,"name":568,"status":36,"uploadedTo":222,"date":573,"modified":224,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":574,"relativeUrl":575},2733,"icons8-timeline","icons8-timeline.svg",2591,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-timeline.svg","\u002F?attachment_id=2733","2024-06-24 15:00:03",{"thumbnail":571,"thumbnail-width":48,"thumbnail-height":48,"medium":571,"medium-width":50,"medium-height":50,"mediumLarge":571,"mediumLarge-width":53,"mediumLarge-height":53,"large":571,"large-width":56,"large-height":56,"1536x1536":571,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":571,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":571,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":571,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":571,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F06\u002Ficons8-timeline.svg","Step 2: Financial Assessment",{"icon":578,"text":580},{"iD":345,"id":345,"title":346,"filename":347,"filesize":348,"url":349,"link":350,"alt":33,"author":34,"description":33,"caption":33,"name":346,"status":36,"uploadedTo":253,"date":351,"modified":255,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":579,"relativeUrl":353},{"thumbnail":349,"thumbnail-width":48,"thumbnail-height":48,"medium":349,"medium-width":50,"medium-height":50,"mediumLarge":349,"mediumLarge-width":53,"mediumLarge-height":53,"large":349,"large-width":56,"large-height":56,"1536x1536":349,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":349,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":349,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":349,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":349,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"Step 3: Filing and Creditor Approval",{"icon":582,"text":593},{"iD":583,"id":583,"title":584,"filename":585,"filesize":586,"url":587,"link":588,"alt":33,"author":34,"description":33,"caption":33,"name":584,"status":36,"uploadedTo":589,"date":590,"modified":590,"menuOrder":39,"mimeType":225,"type":41,"subtype":226,"icon":43,"width":227,"height":227,"sizes":591,"relativeUrl":592},3330,"icons8-help","icons8-help.svg",3035,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Ficons8-help.svg","\u002Fwhat-makes-us-different\u002Ficons8-help\u002F",346,"2024-07-22 10:43:55",{"thumbnail":587,"thumbnail-width":48,"thumbnail-height":48,"medium":587,"medium-width":50,"medium-height":50,"mediumLarge":587,"mediumLarge-width":53,"mediumLarge-height":53,"large":587,"large-width":56,"large-height":56,"1536x1536":587,"1536x1536-width":227,"1536x1536-height":227,"2048x2048":587,"2048x2048-width":227,"2048x2048-height":227,"gform-image-choice-sm":587,"gform-image-choice-sm-width":227,"gform-image-choice-sm-height":227,"gform-image-choice-md":587,"gform-image-choice-md-width":227,"gform-image-choice-md-height":227,"gform-image-choice-lg":587,"gform-image-choice-lg-width":227,"gform-image-choice-lg-height":227},"\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002Ficons8-help.svg","Step 4: Support Throughout the Process",{"fieldGroupName":165,"heading":33,"type":166,"accordion":595,"faqs":8,"outro":33,"button":33,"anchorId":33,"padding":604,"margin":605,"width":124},[596,598,600,602],{"title":564,"content":597},"\u003Cp>You meet with a Licensed Insolvency Trustee to talk through your debt, income, assets and what’s been weighing on you. This conversation is meant to help you understand your options without pressure.\u003C\u002Fp>\n",{"title":576,"content":599},"\u003Cp>The Trustee looks at your full financial picture to figure out what’s realistic based on your budget. They walk you through each option so you feel clear about the next step.\u003C\u002Fp>\n",{"title":580,"content":601},"\u003Cp>If a proposal makes sense, your Trustee builds the actual plan; including the monthly amount, based on your income, your expenses, and equity in assets, what creditors typically accept in similar situations. They file that proposal for you which gives you instant protection, creditors vote on it, and once it’s approved, your new payment officially begins.\u003C\u002Fp>\n",{"title":593,"content":603},"\u003Cp>Farber stays involved from beginning to end, making sure you always have guidance and someone to check in with. You make your payments, complete your counselling sessions, and move toward a clean financial slate with ongoing support.\u003C\u002Fp>\n",[174],[],{"fieldGroupName":127,"image":607,"supertitleStyling":151,"supertitle":111,"badgeNumber":33,"heading":623,"text":624,"button":8,"anchorId":110,"backgroundColor":625,"imageContainer":155,"imageSize":156,"layout":626,"textAlignment":627,"bodyTextSize":161,"showArrowBelow":19,"spacing":628,"buttonStyling":163},{"iD":608,"id":608,"title":609,"filename":610,"filesize":611,"url":612,"link":613,"alt":33,"author":34,"description":33,"caption":33,"name":614,"status":36,"uploadedTo":615,"date":616,"modified":616,"menuOrder":39,"mimeType":40,"type":41,"subtype":42,"icon":43,"width":56,"height":139,"sizes":617,"relativeUrl":622},3294,"Debt Consolidation 1","Debt-Consolidation-1.png",295481,"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FDebt-Consolidation-1.png","\u002Fdebt-consolidation\u002Fdebt-consolidation-1\u002F","debt-consolidation-1",459,"2024-07-17 16:16:04",{"thumbnail":618,"thumbnail-width":48,"thumbnail-height":48,"medium":619,"medium-width":143,"medium-height":50,"mediumLarge":620,"mediumLarge-width":53,"mediumLarge-height":145,"large":621,"large-width":147,"large-height":56,"1536x1536":612,"1536x1536-width":56,"1536x1536-height":139,"2048x2048":612,"2048x2048-width":56,"2048x2048-height":139,"gform-image-choice-sm":612,"gform-image-choice-sm-width":143,"gform-image-choice-sm-height":50,"gform-image-choice-md":612,"gform-image-choice-md-width":148,"gform-image-choice-md-height":61,"gform-image-choice-lg":612,"gform-image-choice-lg-width":149,"gform-image-choice-lg-height":63},"https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FDebt-Consolidation-1-150x150.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FDebt-Consolidation-1-286x300.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FDebt-Consolidation-1-768x806.png","https:\u002F\u002Fwww.farber.ca\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FDebt-Consolidation-1-976x1024.png","\u002Fwp-content\u002Fuploads\u002F2024\u002F07\u002FDebt-Consolidation-1.png","What to Consider When Making Your Final Choice","\u003Cp>A consumer proposal is one of the most flexible and protective debt relief options available in Canada. It reduces what you owe, stops interest, protects your assets, and replaces multiple stressful payments with one predictable monthly amount. If you have steady income, less than $250,000 in unsecured debt, and want a solution that lets you keep your home, car, and savings, a proposal is often the most balanced path forward.\u003C\u002Fp>\n\u003Cp>Bankruptcy may be the better fit if even a reduced proposal payment isn’t affordable, but for many Canadians, a consumer proposal offers the structure, breathing room, and long term stability they’ve been missing.\u003C\u002Fp>\n\u003Cp>If you’re unsure which option fits your situation, speaking with a Licensed Insolvency Trustee is the fastest way to get clarity. They’ll walk you through your numbers, explain your choices, and help you decide on a plan that gives you relief today and confidence for the future.\u003C\u002Fp>\n","bg-teal-dark",{"desktop":158,"mobile":158},{"desktop":160,"mobile":160},[],{"fieldGroupName":494,"introduction":630,"type":166,"accordions":631,"faqs":8,"button":8,"enableSeoSchema":70,"anchorId":113},{"supertitle":33,"heading":114,"text":33},[632,635,638,641,644],{"title":633,"content":634},"How long does a consumer proposal stay on your credit report? ","\u003Cp>It stays 6 years after filing or 3 years after completion. Whichever comes first.\u003C\u002Fp>\n",{"title":636,"content":637},"Can a consumer proposal include student loans? ","\u003Cp>Yes, if the loans are more than seven years old since finishing your part-time or full-time studies, and you haven’t returned to school.\u003C\u002Fp>\n",{"title":639,"content":640},"Will my employer find out? ","\u003Cp>Almost always no, unless a wage garnishment needs to be stopped.\u003C\u002Fp>\n",{"title":642,"content":643},"Can I pay off early?","\u003Cp>Yes. Many people do, and it can help with faster credit recovery.\u003C\u002Fp>\n",{"title":645,"content":646},"What happens if I miss a payment? ","\u003Cp>Your Trustee will always try to work with you and help you get back on track. However, the law is very clear: if you become three months behind on your monthly payments, or you become three months behind on a single lump sum payment, your proposal is automatically cancelled or annulled under the insolvency laws. This may happen even if you’ve been in communication with the Trustee.\u003C\u002Fp>\n\u003Cp>That’s why it’s important to reach out early, so your Trustee can often help you adjust things before you hit that three‑month mark of arrears.\u003C\u002Fp>\n",{"fieldGroupName":648,"heading":117,"text":649,"ctas":650,"anchorId":116,"buttonStyling":653,"colorTheme":654},"CtasBanner","\u003Cp>If you’re ready to feel more in control of your finances and less weighed down by debt, Farber can help you explore your options. Book a free consultation today and find a plan that gives you relief, clarity, and a real path forward.\u003C\u002Fp>\n",[651],{"button":652},{"title":559,"url":197,"target":33},"right-arrow","teal",{"menus":656,"siteSettings":995,"fallbackPages":1038},[657,675,686,719,759,792,971],{"locations":658,"menuItems":660},[659],"HEADER_CAMPAIGN",{"nodes":661},[662,668],{"uri":663,"label":196,"cssClasses":664,"description":8,"id":665,"parentId":8,"childItems":666},"#consultation-form",[],"cG9zdDoyNTYz",{"nodes":667},[],{"uri":669,"label":670,"cssClasses":671,"description":8,"id":672,"parentId":8,"childItems":673},"tel:+18449848677","+1 844-984-8677",[],"cG9zdDoyNTY0",{"nodes":674},[],{"locations":676,"menuItems":678},[677],"HEADER_FOCUS",{"nodes":679},[680],{"uri":663,"label":681,"cssClasses":682,"description":8,"id":683,"parentId":8,"childItems":684},"Book 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