[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"getPageData-/faq-en":3,"getGlobalData-en":422},{"id":4,"slug":5,"title":6,"date":7,"content":8,"uri":9,"status":10,"allFlexBlocks":11,"pageNavigation":12,"seo":14,"liveChat":19,"languageCode":21,"translations":22,"flexBlocks":26},"cG9zdDozMTc=","faq","Frequently Asked Questions","2024-06-05T09:53:07",null,"/faq/","publish","[{\"fieldGroupName\":\"StandardHeader\",\"heading\":\"Frequently asked questions\",\"text\":\"\",\"image\":false,\"button\":\"\",\"backgroundColor\":\"bg-gold-lightest\",\"spacing\":[]},{\"fieldGroupName\":\"AnchorLinks\",\"heading\":\"On This Page\",\"anchors\":[{\"title\":\"What you need to know\",\"anchorId\":\"need-to-know\"},{\"title\":\"Your debt relief options\",\"anchorId\":\"debt-relief-options\"},{\"title\":\"Consumer proposal\",\"anchorId\":\"consumer-proposal\"},{\"title\":\"Bankruptcy\",\"anchorId\":\"bankruptcy\"},{\"title\":\"Debt consolidation\",\"anchorId\":\"debt-consolidation\"},{\"title\":\"Debt counselling\",\"anchorId\":\"debt-counselling\"},{\"title\":\"Why a LIT\",\"anchorId\":\"LIT\"}]},{\"fieldGroupName\":\"Accordion\",\"heading\":\"What you need to know\",\"type\":\"faq\",\"accordion\":false,\"faqs\":[{\"ID\":474,\"post_author\":\"6\",\"post_date\":\"2024-06-14 08:56:06\",\"post_date_gmt\":\"2024-06-14 12:56:06\",\"post_content\":\"Most people have some debt, usually in the form of a mortgage, car loan or line of credit. But how do you know when it\\u2019s too much? Here are a few ways to tell if you have too much debt.\\r\\n\u003Cul>\\r\\n \\t\u003Cli>Can\\u2019t pay monthly expenses without a credit card\\/line of credit\u003C\\/li>\\r\\n \\t\u003Cli>Only making minimum payments every month\u003C\\/li>\\r\\n \\t\u003Cli>Taking out more loans to pay monthly expenses\u003C\\/li>\\r\\n \\t\u003Cli>Receiving calls from creditors\u003C\\/li>\\r\\n \\t\u003Cli>Missed payments\u003C\\/li>\\r\\n \\t\u003Cli>Not sure how much debt you have\u003C\\/li>\\r\\n \\t\u003Cli>Regularly use overdraft protection on your bank account\u003C\\/li>\\r\\n \\t\u003Cli>Feeling stressed or worried about your debt\u003C\\/li>\\r\\n \\t\u003Cli>Hiding your debt or your spending\u003C\\/li>\\r\\n\u003C\\/ul>\",\"post_title\":\"How do you know if you have too much debt?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-do-you-know-if-you-have-too-much-debt\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-03-06 06:14:50\",\"post_modified_gmt\":\"2025-03-06 11:14:50\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=474\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":477,\"post_author\":\"6\",\"post_date\":\"2024-06-14 09:44:30\",\"post_date_gmt\":\"2024-06-14 13:44:30\",\"post_content\":\"A debt challenge is when you\\u2019re struggling with managing your debts. You may have trouble making regular payments to pay off your bills, and the amount you owe keeps growing.\\r\\n\\r\\nA budget problem is when you\\u2019re having difficulty creating and sticking to a budget. You may be having difficulties managing your income and expenses and find it hard to save.\",\"post_title\":\"How do I know if I have a debt or a budget challenge?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-do-i-know-if-i-have-a-debt-or-a-budget-challenge\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-14 09:44:30\",\"post_modified_gmt\":\"2024-06-14 13:44:30\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=477\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":478,\"post_author\":\"6\",\"post_date\":\"2024-06-14 09:45:11\",\"post_date_gmt\":\"2024-06-14 13:45:11\",\"post_content\":\"LITs are the only experts in Canada authorized to help reduce or eliminate debt through a consumer proposal or bankruptcy process. As LITs, we help people who have problems repaying their debts by providing practical advice and offering strategies that reduce your debt obligations.\\r\\n\\r\\nLITs are regulated by the \u003Ca href=\\\"https:\\/\\/ised-isde.canada.ca\\/site\\/office-superintendent-bankruptcy\\/en\\\">Office of the Superintendent of Bankruptcy (OSB)\u003C\\/a>, a division of the federal government.\",\"post_title\":\"What is a Licensed Insolvency Trustee?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-is-a-licensed-insolvency-trustee\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-03-06 07:03:34\",\"post_modified_gmt\":\"2025-03-06 12:03:34\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=478\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":479,\"post_author\":\"6\",\"post_date\":\"2024-06-14 09:45:52\",\"post_date_gmt\":\"2024-06-14 13:45:52\",\"post_content\":\"Calls from collection agencies and creditors can be annoying and even harassing. And they won\\u2019t just give up and stop calling. But there are ways to properly handle them.\\r\\n\\r\\nThe quickest way to stop collection calls and move on with your life is to contact an LIT. If you\\u2019re facing collection calls, you\\u2019re likely already facing debt problems. LITs are the only professionals in Canada legally authorized to file consumer proposals and bankruptcies. They also provide advice and assistance about other debt management options.\\r\\n\\r\\nTo find out more, book a free, confidential, no-obligation consultation with \u003Ca href=\\\"https:\\/\\/www.farber.ca\\/book-a-consultation\\\">us today.\u003C\\/a>\",\"post_title\":\"How do I stop creditors and collection agencies from calling?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-do-i-stop-creditors-and-collection-agencies-from-calling\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-12-24 10:43:18\",\"post_modified_gmt\":\"2025-12-24 15:43:18\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=479\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":480,\"post_author\":\"6\",\"post_date\":\"2024-06-14 09:46:08\",\"post_date_gmt\":\"2024-06-14 13:46:08\",\"post_content\":\"Everyone\\u2019s financial situation is different. Here are some questions to ask your LIT during the first consultation.\\r\\n\u003Cul>\\r\\n \\t\u003Cli>What is the best debt-relief option for my situation?\u003C\\/li>\\r\\n \\t\u003Cli>What are the pros and cons of any other options?\u003C\\/li>\\r\\n \\t\u003Cli>Which of my debts will be affected?\u003C\\/li>\\r\\n \\t\u003Cli>How much will this cost?\u003C\\/li>\\r\\n \\t\u003Cli>Will anyone else in my family be affected by the solution suggested?\u003C\\/li>\\r\\n \\t\u003Cli>How will this affect my credit rating?\u003C\\/li>\\r\\n \\t\u003Cli>Who will I work with throughout the process and how often will we speak to each other?\u003C\\/li>\\r\\n \\t\u003Cli>How long will I be committed to my debt-relief solution?\u003C\\/li>\\r\\n \\t\u003Cli>Once you help me with my debt, is that the end of our relationship?\u003C\\/li>\\r\\n\u003C\\/ul>\",\"post_title\":\"What questions should I ask during my first consultation?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-questions-should-i-ask-during-my-first-consultation\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-03-06 06:16:13\",\"post_modified_gmt\":\"2025-03-06 11:16:13\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=480\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"}],\"outro\":\"\",\"button\":\"\",\"anchorId\":\"need-to-know\",\"padding\":[],\"margin\":[],\"width\":\"8\\/12\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"Your debt relief options\",\"type\":\"faq\",\"accordion\":false,\"faqs\":[{\"ID\":2620,\"post_author\":\"6\",\"post_date\":\"2024-06-21 14:45:20\",\"post_date_gmt\":\"2024-06-21 18:45:20\",\"post_content\":\"Making the first step to gain control of your debt can feel intimidating. But sharing your concerns with one of our team members means you\\u2019ll receive compassionate, non-judgmental advice that can help you make informed financial decisions. Here are some of the other benefits:\\r\\n\u003Cul>\\r\\n \\t\u003Cli>Your consultation is completely free of charge\u003C\\/li>\\r\\n \\t\u003Cli>Feeling no pressure or obligation\u003C\\/li>\\r\\n \\t\u003Cli>Confidential and comfortable space\u003C\\/li>\\r\\n \\t\u003Cli>Exploring all available solutions\u003C\\/li>\\r\\n \\t\u003Cli>Finding relief from stress and anxiety knowing a solution is within reach\u003C\\/li>\\r\\n\u003C\\/ul>\",\"post_title\":\"What are the benefits of a free consultation?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-are-the-benefits-of-a-free-consultation\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-12-24 10:40:39\",\"post_modified_gmt\":\"2025-12-24 15:40:39\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2620\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":474,\"post_author\":\"6\",\"post_date\":\"2024-06-14 08:56:06\",\"post_date_gmt\":\"2024-06-14 12:56:06\",\"post_content\":\"Most people have some debt, usually in the form of a mortgage, car loan or line of credit. But how do you know when it\\u2019s too much? Here are a few ways to tell if you have too much debt.\\r\\n\u003Cul>\\r\\n \\t\u003Cli>Can\\u2019t pay monthly expenses without a credit card\\/line of credit\u003C\\/li>\\r\\n \\t\u003Cli>Only making minimum payments every month\u003C\\/li>\\r\\n \\t\u003Cli>Taking out more loans to pay monthly expenses\u003C\\/li>\\r\\n \\t\u003Cli>Receiving calls from creditors\u003C\\/li>\\r\\n \\t\u003Cli>Missed payments\u003C\\/li>\\r\\n \\t\u003Cli>Not sure how much debt you have\u003C\\/li>\\r\\n \\t\u003Cli>Regularly use overdraft protection on your bank account\u003C\\/li>\\r\\n \\t\u003Cli>Feeling stressed or worried about your debt\u003C\\/li>\\r\\n \\t\u003Cli>Hiding your debt or your spending\u003C\\/li>\\r\\n\u003C\\/ul>\",\"post_title\":\"How do you know if you have too much debt?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-do-you-know-if-you-have-too-much-debt\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-03-06 06:14:50\",\"post_modified_gmt\":\"2025-03-06 11:14:50\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=474\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2621,\"post_author\":\"6\",\"post_date\":\"2024-06-21 14:49:30\",\"post_date_gmt\":\"2024-06-21 18:49:30\",\"post_content\":\"A consumer proposal significantly reduces most unsecured debts you have, including:\\r\\n\u003Cul>\\r\\n \\t\u003Cli>Credit card debt\u003C\\/li>\\r\\n \\t\u003Cli>Tax debt\u003C\\/li>\\r\\n \\t\u003Cli>Student loans (if 7 years have passed since you were last a student)\u003C\\/li>\\r\\n \\t\u003Cli>Personal loans\u003C\\/li>\\r\\n \\t\u003Cli>Lines of credit\u003C\\/li>\\r\\n \\t\u003Cli>Payday loans\u003C\\/li>\\r\\n\u003C\\/ul>\",\"post_title\":\"What kinds of debt can I include in a consumer proposal?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-kinds-of-debt-can-i-include-in-a-consumer-proposal\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-21 14:49:30\",\"post_modified_gmt\":\"2024-06-21 18:49:30\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2621\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":475,\"post_author\":\"6\",\"post_date\":\"2024-06-14 08:56:49\",\"post_date_gmt\":\"2024-06-14 12:56:49\",\"post_content\":\"A consumer proposal is a formal agreement between you and your creditors that\\u2019s submitted on your behalf by a LIT. It includes an offer to your creditors to settle your debt for an amount that is normally less than the total amount owing \\u2013 as much as an 80% debt saving. Most importantly, it allows you to retain assets, such as your car and your home.\\r\\n\\r\\nA bankruptcy is a legal process in Canada legislated under the Bankruptcy and Insolvency Act (BIA) that\\u2019s designed to give a debtor a fresh start. A bankruptcy in Canada can only be filed with a LIT. With bankruptcy, you surrender your assets to the LIT for the general benefit of your creditors. However, you do not lose everything when you file a bankruptcy. Certain exemptions permit you to keep some assets.\",\"post_title\":\"What\\u2019s the difference between a consumer proposal and bankruptcy?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"whats-the-difference-between-a-consumer-proposal-and-bankruptcy\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-22 07:26:36\",\"post_modified_gmt\":\"2024-07-22 11:26:36\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=475\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":476,\"post_author\":\"6\",\"post_date\":\"2024-06-14 08:57:14\",\"post_date_gmt\":\"2024-06-14 12:57:14\",\"post_content\":\"There are two types of debt consolidation \\u2013 high-interest debt consolidation loans and interest-free consumer proposals.\\r\\n\\r\\nMany people know about debt consolidation loans, but know less about an interest-free form of debt consolidation called a consumer proposal. It\\u2019s a better way to consolidate and reduce your debt in many situations. We do not provide loans. If you\\u2019re looking for a loan, we suggest you speak to your bank first to see if you qualify for one.\\r\\n\\r\\nFor many Canadians, high-interest and hidden-fee debt consolidation loans can lead to even more financial stress and payments that even exceed the original debt. A consumer proposal is a federally regulated program designed to help Canadians reduce and eliminate debt without loans and rebuild their financial security. A debt consolidation loan does not eliminate interest, stop collection calls, wage garnishment, or offer the legal protection a consumer proposal can.\",\"post_title\":\"How does debt consolidation work?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-does-debt-consolidation-work\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-22 07:32:56\",\"post_modified_gmt\":\"2024-07-22 11:32:56\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=476\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"}],\"outro\":\"\",\"button\":\"\",\"anchorId\":\"debt-relief-options\",\"padding\":[],\"margin\":[],\"width\":\"8\\/12\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"Consumer proposal\",\"type\":\"faq\",\"accordion\":false,\"faqs\":[{\"ID\":468,\"post_author\":\"6\",\"post_date\":\"2024-06-13 15:53:17\",\"post_date_gmt\":\"2024-06-13 19:53:17\",\"post_content\":\"Filing a consumer proposal doesn't damage your credit forever. While it impacts your credit rating, it's often already been affected by missed or late payments. But many people have been making minimum payments for some time, which helps maintain stronger credit scores.\\r\\n\\r\\nAddressing your debt through a consumer proposal benefits you in the long run, though it takes time. A consumer proposal helps you rebuild your financial life. By ending the minimum-payment cycle, you can responsibly acquire new credit. The two mandatory financial counseling sessions teach valuable money management and budgeting skills, helping you manage your finances and rebuild your credit rating.\",\"post_title\":\"How does a consumer proposal affect my credit?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-does-a-consumer-proposal-affect-my-credit\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-22 07:35:18\",\"post_modified_gmt\":\"2024-07-22 11:35:18\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=468\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":469,\"post_author\":\"6\",\"post_date\":\"2024-06-13 15:53:43\",\"post_date_gmt\":\"2024-06-13 19:53:43\",\"post_content\":\"A consumer proposal significantly reduces most unsecured debts you have, including:\\r\\n\u003Cul>\\r\\n \\t\u003Cli>Credit card debt\u003C\\/li>\\r\\n \\t\u003Cli>Tax debt\u003C\\/li>\\r\\n \\t\u003Cli>Student loans (if 7 years have passed since you were last a student)\u003C\\/li>\\r\\n \\t\u003Cli>Personal loans\u003C\\/li>\\r\\n \\t\u003Cli>Lines of credit\u003C\\/li>\\r\\n \\t\u003Cli>Payday loans\u003C\\/li>\\r\\n\u003C\\/ul>\",\"post_title\":\"What types of debt can I include in a consumer proposal?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-types-of-debt-can-i-include-in-a-consumer-proposal\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-18 09:38:05\",\"post_modified_gmt\":\"2024-06-18 13:38:05\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=469\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":470,\"post_author\":\"6\",\"post_date\":\"2024-06-13 15:53:57\",\"post_date_gmt\":\"2024-06-13 19:53:57\",\"post_content\":\"Absolutely. One of the biggest advantages of a consumer proposal is flexibility \\u2014 and yes, you can pay off a consumer proposal early. Once your proposal is accepted by your creditors and the court, you\\u2019re free to pay it down at any time. Unlike high-interest debt consolidation loans, there are no penalties or added interest for early repayment. In fact, we encourage it! Paying off your proposal sooner means you'll receive your Certificate of Completion earlier and can start rebuilding your credit faster.\",\"post_title\":\"Can I pay off my consumer proposal early?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"can-i-pay-off-my-consumer-proposal-early\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-05-20 13:16:54\",\"post_modified_gmt\":\"2025-05-20 17:16:54\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=470\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":471,\"post_author\":\"6\",\"post_date\":\"2024-06-13 15:54:10\",\"post_date_gmt\":\"2024-06-13 19:54:10\",\"post_content\":\"Most consumer proposals last from three to five years, with five being the most common. You make one monthly payment to your LIT, who then pays your creditors. This allows you to manage your expenses more easily by spreading out the total amount owed.\\r\\n\\r\\nOnce accepted, it's legally binding on all creditors, unlike other debt settlements where each creditor can opt out. In a proposal, the majority of your creditors have to agree to an amount they\\u2019ll accept for your outstanding debt. Once that happens, all creditors are bound, even if a minority voted against it. After your final payment, a Certificate of Completion is issued, notifying credit bureaus of your successful completion.\",\"post_title\":\"How long does a consumer proposal last?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-long-does-a-consumer-proposal-last\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-22 07:37:30\",\"post_modified_gmt\":\"2024-07-22 11:37:30\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=471\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":472,\"post_author\":\"6\",\"post_date\":\"2024-06-13 15:54:24\",\"post_date_gmt\":\"2024-06-13 19:54:24\",\"post_content\":\"You can\\u2019t file on your own. Under the Bankruptcy and Insolvency Act, only a LIT can submit a consumer proposal in Canada. A debt consolidation firm or credit counsellor also cannot file a proposal for you.\\r\\n\\r\\nLITs are licensed by the government and understand both provincial and federal laws. They\\u2019re required to file a proposal properly so it\\u2019s legally-binding on you and your creditors.\",\"post_title\":\"Can I file a consumer proposal on my own?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"can-i-file-a-consumer-proposal-on-my-own\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 07:24:17\",\"post_modified_gmt\":\"2024-07-19 11:24:17\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=472\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"}],\"outro\":\"\",\"button\":\"\",\"anchorId\":\"consumer-proposal\",\"padding\":[\"top-padding\"],\"margin\":[],\"width\":\"8\\/12\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"Bankruptcy\",\"type\":\"faq\",\"accordion\":false,\"faqs\":[{\"ID\":2578,\"post_author\":\"6\",\"post_date\":\"2024-06-18 21:59:40\",\"post_date_gmt\":\"2024-06-19 01:59:40\",\"post_content\":\"When you file for bankruptcy, your creditors cannot take legal action against you. They can\\u2019t sue you, take money from your wages, or keep calling you to ask for payment.\",\"post_title\":\"What happens when I declare bankruptcy?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-happens-when-i-declare-bankruptcy\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 12:35:25\",\"post_modified_gmt\":\"2024-07-19 16:35:25\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2578\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2579,\"post_author\":\"6\",\"post_date\":\"2024-06-18 22:00:24\",\"post_date_gmt\":\"2024-06-19 02:00:24\",\"post_content\":\"In bankruptcy, you surrender your assets to the LIT for the general benefit of your creditors. However, you do not lose everything when you file a bankruptcy.\\r\\n\\r\\nThere are exemptions, based on the province you live in. But, in most cases, you can usually keep these assets when filing bankruptcy in Canada:\\r\\n\u003Cul>\\r\\n \\t\u003Cli>\\u00a0A car, valued to a provincial limit\u003C\\/li>\\r\\n \\t\u003Cli>Personal belongings and clothes\u003C\\/li>\\r\\n \\t\u003Cli>Equipment related to work\u003C\\/li>\\r\\n \\t\u003Cli>Furniture, food, and tools in your house\u003C\\/li>\\r\\n \\t\u003Cli>Some types of agricultural property\u003C\\/li>\\r\\n \\t\u003Cli>Any RRSPs, RRIFs, RESPs, RDSPs savings (except if they were made in the year before filing bankruptcy)\u003C\\/li>\\r\\n\u003C\\/ul>\\r\\nThe bankruptcy process is designed to focus on rehabilitation not punishment. Each province and territory has its own exemptions to the bankruptcy law that outline which of your assets, and how much equity, you are allowed to retain.\",\"post_title\":\"What happens to my assets?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-happens-to-my-assets\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 10:22:58\",\"post_modified_gmt\":\"2024-07-19 14:22:58\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2579\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2580,\"post_author\":\"6\",\"post_date\":\"2024-06-18 22:00:38\",\"post_date_gmt\":\"2024-06-19 02:00:38\",\"post_content\":\"Filing a bankruptcy is a legal process and cannot be done on your own. Bankruptcy can only be filed by a LIT.\",\"post_title\":\"Can I file for bankruptcy myself?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"can-i-file-for-bankruptcy-myself\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 07:24:23\",\"post_modified_gmt\":\"2024-07-19 11:24:23\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2580\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2581,\"post_author\":\"6\",\"post_date\":\"2024-06-18 22:01:07\",\"post_date_gmt\":\"2024-06-19 02:01:07\",\"post_content\":\"When you file for personal bankruptcy, your credit score is affected for six years after you have been discharged. A note is placed on your credit report, which makes it hard to get a loan or to get credit at a lower interest rate.\\r\\n\\r\\nHowever, you can rebuild your credit by following good credit habits. This includes borrowing reasonable amounts and paying them back on time. Getting a secured credit card (a credit card that is backed by a deposit) can help you rebuild your credit score. Whether it\\u2019s the best time to declare personal bankruptcy or not, know that your financial life is not over once you file for personal bankruptcy. While there are certainly consequences, you can still rebuild your financial health.\",\"post_title\":\"How will bankruptcy affect my credit?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-will-bankruptcy-affect-my-credit\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-22 08:06:29\",\"post_modified_gmt\":\"2024-07-22 12:06:29\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2581\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2582,\"post_author\":\"6\",\"post_date\":\"2024-06-18 22:01:35\",\"post_date_gmt\":\"2024-06-19 02:01:35\",\"post_content\":\"Bankruptcy is not your only option. It\\u2019s used as a last resort when other solutions have been ruled out. In bankruptcy, you surrender most of your assets to the LIT for the general benefit of your creditors. Many people are surprised to learn that bankruptcy doesn't solve everything.\\r\\n\u003Cul>\\r\\n \\t\u003Cli>Doesn\\u2019t erase all debts\u003C\\/li>\\r\\n \\t\u003Cli>Involves using your assets\u003C\\/li>\\r\\n \\t\u003Cli>Impacts your credit score\u003C\\/li>\\r\\n \\t\u003Cli>Makes it harder to borrow again\u003C\\/li>\\r\\n\u003C\\/ul>\\r\\nA consumer proposal is a formal and legally-binding debt settlement agreement between you and the companies you owe money to (your creditors). It can reduce your debt by up to 80% forever\\u2013without any fees or interest charges.\",\"post_title\":\"What\\u2019s the difference between bankruptcy and a consumer proposal?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"whats-the-difference-between-bankruptcy-and-a-consumer-proposal\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-03-06 06:42:14\",\"post_modified_gmt\":\"2025-03-06 11:42:14\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2582\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"}],\"outro\":\"\",\"button\":\"\",\"anchorId\":\"bankruptcy\",\"padding\":[],\"margin\":[],\"width\":\"8\\/12\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"Debt consolidation\",\"type\":\"faq\",\"accordion\":false,\"faqs\":[{\"ID\":2583,\"post_author\":\"6\",\"post_date\":\"2024-06-19 09:28:53\",\"post_date_gmt\":\"2024-06-19 13:28:53\",\"post_content\":\"If you have a lower credit score, getting a traditional loan is harder. However, you can get a secured loan when you use something valuable you own as collateral. Before you apply for this kind of loan, consider filing for a consumer proposal, where you can actually reduce your debt, pay no fees or interest and do not need to use your possessions to secure the loan.\",\"post_title\":\"Can I consolidate my debt if my credit is not good?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"can-i-consolidate-my-debt-if-my-credit-is-not-good\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-19 09:28:53\",\"post_modified_gmt\":\"2024-06-19 13:28:53\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2583\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2584,\"post_author\":\"6\",\"post_date\":\"2024-06-19 09:29:28\",\"post_date_gmt\":\"2024-06-19 13:29:28\",\"post_content\":\"\u003Cul>\\r\\n \\t\u003Cli>Credit card debt\u003C\\/li>\\r\\n \\t\u003Cli>Tax debt\u003C\\/li>\\r\\n \\t\u003Cli>Student loans\u003C\\/li>\\r\\n \\t\u003Cli>Personal loans\u003C\\/li>\\r\\n \\t\u003Cli>Lines of credit\u003C\\/li>\\r\\n \\t\u003Cli>Payday loans\u003C\\/li>\\r\\n\u003C\\/ul>\",\"post_title\":\"What types of debt can I include in a debt consolidation loan?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-types-of-debt-can-i-include-in-a-debt-consolidation-loan\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-19 09:29:28\",\"post_modified_gmt\":\"2024-06-19 13:29:28\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2584\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2585,\"post_author\":\"6\",\"post_date\":\"2024-06-19 09:29:57\",\"post_date_gmt\":\"2024-06-19 13:29:57\",\"post_content\":\"Opting for a debt consolidation loan with an unaffordable interest rate can lead to difficulty in making monthly payments, which can harm your credit score. And if your credit history is already poor, you may only qualify for debt consolidation loans with extremely high interest rates.\",\"post_title\":\"Does debt consolidation hurt my credit?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"does-debt-consolidation-hurt-my-credit\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-19 09:29:57\",\"post_modified_gmt\":\"2024-06-19 13:29:57\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2585\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2586,\"post_author\":\"6\",\"post_date\":\"2024-06-19 09:30:23\",\"post_date_gmt\":\"2024-06-19 13:30:23\",\"post_content\":\"Most debt consolidation loans allow you to keep your credit cards. But this can work against you. It\\u2019s easy to start using credit cards again and end up back in debt, plus you\\u2019ll also have to pay the debt consolidation loan.\",\"post_title\":\"Can a debt consolidation loan make things worse?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"can-a-debt-consolidation-loan-make-things-worse\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-19 09:30:23\",\"post_modified_gmt\":\"2024-06-19 13:30:23\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2586\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2587,\"post_author\":\"6\",\"post_date\":\"2024-06-19 09:30:48\",\"post_date_gmt\":\"2024-06-19 13:30:48\",\"post_content\":\"Consolidation loans often come with administration fees in addition to interest rates. These fees can range from $1,000 to $6,000, depending on the loan amount and duration. To understand the true cost of consolidation, you need to include these fees in your calculations. The actual cost may be higher than expected once all fees are considered.\",\"post_title\":\"Are there fees on a debt consolidation loan?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"are-there-fees-on-a-debt-consolidation-loan\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-19 09:30:48\",\"post_modified_gmt\":\"2024-06-19 13:30:48\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2587\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2747,\"post_author\":\"6\",\"post_date\":\"2024-06-24 13:03:30\",\"post_date_gmt\":\"2024-06-24 17:03:30\",\"post_content\":\"Consolidating debt with a low-interest loan can stop collection calls and simplify payments. However, if you only qualify for high-interest loans, it can lead to long-term consequences.\\r\\n\\r\\nA consumer proposal can be a better approach to a high-interest loan, and will actually reduce your debt by up to 80%. It ensures that you pay what is fair, with the rest of the debt forgiven\\u2013forever.\",\"post_title\":\"What\\u2019s the difference between debt consolidation and a consumer proposal?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"whats-the-difference-between-debt-consolidation-and-a-consumer-proposal\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-24 13:03:30\",\"post_modified_gmt\":\"2024-06-24 17:03:30\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2747\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"}],\"outro\":\"\",\"button\":\"\",\"anchorId\":\"debt-consolidation\",\"padding\":[],\"margin\":[],\"width\":\"8\\/12\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"Debt counselling\",\"type\":\"faq\",\"accordion\":false,\"faqs\":[{\"ID\":2588,\"post_author\":\"6\",\"post_date\":\"2024-06-19 10:36:02\",\"post_date_gmt\":\"2024-06-19 14:36:02\",\"post_content\":\"You might need debt counselling if you are struggling to make your minimum payments, using credit to pay for basic necessities, receiving collection calls, or feeling overwhelmed by your financial situation.\",\"post_title\":\"How do I know if I need debt counselling?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-do-i-know-if-i-need-debt-counselling\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-19 10:36:02\",\"post_modified_gmt\":\"2024-06-19 14:36:02\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2588\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2615,\"post_author\":\"6\",\"post_date\":\"2024-06-21 13:19:20\",\"post_date_gmt\":\"2024-06-21 17:19:20\",\"post_content\":\"Our team is happy to talk with you about your situation. To set up a free consultation, just \u003Ca href=\\\"https:\\/\\/www.farber.ca\\/contact-us\\/new-customers\\/\\\">contact us\u003C\\/a>.\",\"post_title\":\"How can I get help with debt counselling?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-can-i-get-help-with-debt-counselling\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-12-24 10:43:52\",\"post_modified_gmt\":\"2025-12-24 15:43:52\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2615\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2590,\"post_author\":\"6\",\"post_date\":\"2024-06-19 10:36:41\",\"post_date_gmt\":\"2024-06-19 14:36:41\",\"post_content\":\"Yes, debt counselling can help you explore alternatives to bankruptcy, such as a consumer proposal, which can reduce your debt by up to 80%. A LIT can help create a plan to manage and reduce your debt, which may allow you to avoid bankruptcy. However, if bankruptcy is necessary, a LIT can also provide guidance on the process.\",\"post_title\":\"Can debt counselling help me avoid bankruptcy?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"can-debt-counselling-help-me-avoid-bankruptcy\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 07:24:09\",\"post_modified_gmt\":\"2024-07-19 11:24:09\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2590\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2591,\"post_author\":\"6\",\"post_date\":\"2024-06-19 10:36:54\",\"post_date_gmt\":\"2024-06-19 14:36:54\",\"post_content\":\"Debt counselling involves creating a plan to manage and reduce your debt through budgeting and negotiation. A debt consolidation loan involves taking out a new loan to pay off multiple debts by combining them into a single loan with monthly payments.\",\"post_title\":\"What is the difference between debt counselling and a debt consolidation loan?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-is-the-difference-between-debt-counselling-and-a-debt-consolidation-loan\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-19 10:36:54\",\"post_modified_gmt\":\"2024-06-19 14:36:54\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2591\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2592,\"post_author\":\"6\",\"post_date\":\"2024-06-19 10:37:12\",\"post_date_gmt\":\"2024-06-19 14:37:12\",\"post_content\":\"During your first session, our friendly team members will listen to you and hear about your financial situation, including your income, expenses, debts, and assets. They will then work with you, step-by-step, to create a budget and develop a plan to manage and reduce your debt.\",\"post_title\":\"What should I expect during my first debt counselling session?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-should-i-expect-during-my-first-debt-counselling-session\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2025-12-30 06:12:10\",\"post_modified_gmt\":\"2025-12-30 11:12:10\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2592\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"}],\"outro\":\"\",\"button\":\"\",\"anchorId\":\"debt-counselling\",\"padding\":[],\"margin\":[],\"width\":\"8\\/12\"},{\"fieldGroupName\":\"Accordion\",\"heading\":\"Why a LIT\",\"type\":\"faq\",\"accordion\":false,\"faqs\":[{\"ID\":2540,\"post_author\":\"6\",\"post_date\":\"2024-06-18 09:04:07\",\"post_date_gmt\":\"2024-06-18 13:04:07\",\"post_content\":\"LITs help you navigate debt-related issues and offer support as you build your overall financial wellbeing. Farber LIT\\u2019s offer free, confidential, no-obligation consultations to assess your financial situation, and provide guidance\\u2013not only for your debt issues, but also for your future financial health.\\r\\n\\r\\nOnce a LIT has reviewed your specific situation with you, they\\u2019ll present a personalized plan with your options and suggest a solution. \\u202fOne solution is a \u003Ca href=\\\"https:\\/\\/www.farber.ca\\/consumer-proposal\\/\\\">consumer proposal\u003C\\/a>. It\\u2019s a legally binding document that can only be submitted by a LIT and can reduce your debt by up to 80%.\",\"post_title\":\"What does a LIT do?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-does-an-lit-do\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 07:25:42\",\"post_modified_gmt\":\"2024-07-19 11:25:42\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2540\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2542,\"post_author\":\"6\",\"post_date\":\"2024-06-18 09:04:41\",\"post_date_gmt\":\"2024-06-18 13:04:41\",\"post_content\":\"If your debt has become too much to manage, you might think that bankruptcy, a consolidation loan, or even taking out another loan, are your only options. But more loans could make your situation worse in the long run. They can also come with high interest rates.\\r\\n\\r\\nWhen you meet with a LIT, they\\u2019ll review your current situation in detail and without judgment. A LIT is an expert in debt and is there to help you understand all your options so you can make a decision that will help improve your situation and not make it worse.\",\"post_title\":\"Why should you see a LIT if you\\u2019re struggling with debt?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"why-should-you-see-an-lit-if-youre-struggling-with-debt\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 07:26:26\",\"post_modified_gmt\":\"2024-07-19 11:26:26\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2542\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2543,\"post_author\":\"6\",\"post_date\":\"2024-06-18 09:06:05\",\"post_date_gmt\":\"2024-06-18 13:06:05\",\"post_content\":\"LITs help people who are having problems repaying their debts with practical advice and debt-relief solutions. LITs are strictly regulated by the Canadian government and the only professionals licensed to reduce debt and debt payments, stop interest, and stop collection calls with solutions such as \u003Ca href=\\\"https:\\/\\/www.farber.ca\\/consumer-proposal\\/\\\">consumer proposals\u003C\\/a> and \u003Ca href=\\\"https:\\/\\/www.farber.ca\\/bankruptcy\\/\\\">bankruptcies\u003C\\/a>.\\r\\n\\r\\nDebt consultants are unregulated advisors and charge a fee for their services. They do not have to meet strict legislative requirements, and are not required to have any formal training to provide their services. They also charge for information that you can get free from a LIT. Debt consultants can\\u2019t file consumer proposals or bankruptcies.\",\"post_title\":\"What are the differences between a LIT and a debt consultant?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"what-are-the-differences-between-an-lit-and-a-debt-consultant\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 07:25:38\",\"post_modified_gmt\":\"2024-07-19 11:25:38\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2543\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2544,\"post_author\":\"6\",\"post_date\":\"2024-06-18 09:06:36\",\"post_date_gmt\":\"2024-06-18 13:06:36\",\"post_content\":\"LITs are not allowed to set their own fees or rates, unlike lawyers. They must follow strict government-regulated rules when handling and being paid for managing a consumer proposal or personal bankruptcy.\\r\\n\\r\\nYou don\\u2019t directly pay a LIT. That means that any consultation or phone call, as well as any ongoing support, it\\u2019s included and you won\\u2019t get a bill for it.\",\"post_title\":\"How is a LIT paid?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-is-an-lit-paid\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-07-19 10:21:18\",\"post_modified_gmt\":\"2024-07-19 14:21:18\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2544\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"},{\"ID\":2545,\"post_author\":\"6\",\"post_date\":\"2024-06-18 09:07:10\",\"post_date_gmt\":\"2024-06-18 13:07:10\",\"post_content\":\"Making the decision about who will help you take control of your debt is an important one. It involves feeling comfortable and confident in your LIT\\u2019s scope of services, capabilities and ability to provide support. Some things to help you choose the best fit for you are:\\r\\n\u003Col>\\r\\n \\t\u003Cli>Look at online reviews to see how other clients rate your LIT\\u2019s services. The highest Trustpilot score is 5.0. With over 5,000 reviews, we\\u2019re proud to have received a score of 4.9.\u003C\\/li>\\r\\n \\t\u003Cli>Take full advantage of your free consultation to get all the information you need to understand your options.\u003C\\/li>\\r\\n \\t\u003Cli>Ask yourself how the people you talked to make you feel? Do you feel like they listened and understood your situation? Do you feel relief and feel confident to move forward?\u003C\\/li>\\r\\n\u003C\\/ol>\",\"post_title\":\"How do you choose the right LIT?\",\"post_excerpt\":\"\",\"post_status\":\"publish\",\"comment_status\":\"closed\",\"ping_status\":\"closed\",\"post_password\":\"\",\"post_name\":\"how-do-you-choose-the-right-lit\",\"to_ping\":\"\",\"pinged\":\"\",\"post_modified\":\"2024-06-18 09:07:10\",\"post_modified_gmt\":\"2024-06-18 13:07:10\",\"post_content_filtered\":\"\",\"post_parent\":0,\"guid\":\"https:\\/\\/www.farber.ca\\/?post_type=faq&p=2545\",\"menu_order\":0,\"post_type\":\"faq\",\"post_mime_type\":\"\",\"comment_count\":\"0\",\"filter\":\"raw\"}],\"outro\":\"\",\"button\":\"\",\"anchorId\":\"LIT\",\"padding\":[],\"margin\":[],\"width\":\"8\\/12\"}]",{"pageNavigation":13},"default",{"title":15,"fullHead":16,"metaRobotsNoindex":17,"metaRobotsNofollow":18},"FAQs - Your Debt Questions Answered - Farber Debt Solutions","\u003C!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https://yoast.com/product/yoast-seo-wordpress/ -->\n\u003Cmeta name=\"description\" content=\"Find answers to your debt-related questions with our comprehensive FAQs, offering expert advice to help you manage your finances. 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But how do you know when it’s too much? Here are a few ways to tell if you have too much debt.\r\n\u003Cul>\r\n \t\u003Cli>Can’t pay monthly expenses without a credit card/line of credit\u003C/li>\r\n \t\u003Cli>Only making minimum payments every month\u003C/li>\r\n \t\u003Cli>Taking out more loans to pay monthly expenses\u003C/li>\r\n \t\u003Cli>Receiving calls from creditors\u003C/li>\r\n \t\u003Cli>Missed payments\u003C/li>\r\n \t\u003Cli>Not sure how much debt you have\u003C/li>\r\n \t\u003Cli>Regularly use overdraft protection on your bank account\u003C/li>\r\n \t\u003Cli>Feeling stressed or worried about your debt\u003C/li>\r\n \t\u003Cli>Hiding your debt or your spending\u003C/li>\r\n\u003C/ul>","How do you know if you have too much debt?","closed","how-do-you-know-if-you-have-too-much-debt","2025-03-06 06:14:50","2025-03-06 11:14:50",0,"https://www.farber.ca/?post_type=faq&p=474","0","raw",{"ID":77,"post_author":63,"post_date":78,"post_date_gmt":79,"post_content":80,"post_title":81,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":82,"to_ping":30,"pinged":30,"post_modified":78,"post_modified_gmt":79,"post_content_filtered":30,"post_parent":72,"guid":83,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},477,"2024-06-14 09:44:30","2024-06-14 13:44:30","A debt challenge is when you’re struggling with managing your debts. You may have trouble making regular payments to pay off your bills, and the amount you owe keeps growing.\r\n\r\nA budget problem is when you’re having difficulty creating and sticking to a budget. You may be having difficulties managing your income and expenses and find it hard to save.","How do I know if I have a debt or a budget challenge?","how-do-i-know-if-i-have-a-debt-or-a-budget-challenge","https://www.farber.ca/?post_type=faq&p=477",{"ID":85,"post_author":63,"post_date":86,"post_date_gmt":87,"post_content":88,"post_title":89,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":90,"to_ping":30,"pinged":30,"post_modified":91,"post_modified_gmt":92,"post_content_filtered":30,"post_parent":72,"guid":93,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},478,"2024-06-14 09:45:11","2024-06-14 13:45:11","LITs are the only experts in Canada authorized to help reduce or eliminate debt through a consumer proposal or bankruptcy process. As LITs, we help people who have problems repaying their debts by providing practical advice and offering strategies that reduce your debt obligations.\r\n\r\nLITs are regulated by the \u003Ca href=\"https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en\">Office of the Superintendent of Bankruptcy (OSB)\u003C/a>, a division of the federal government.","What is a Licensed Insolvency Trustee?","what-is-a-licensed-insolvency-trustee","2025-03-06 07:03:34","2025-03-06 12:03:34","https://www.farber.ca/?post_type=faq&p=478",{"ID":95,"post_author":63,"post_date":96,"post_date_gmt":97,"post_content":98,"post_title":99,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":100,"to_ping":30,"pinged":30,"post_modified":101,"post_modified_gmt":102,"post_content_filtered":30,"post_parent":72,"guid":103,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},479,"2024-06-14 09:45:52","2024-06-14 13:45:52","Calls from collection agencies and creditors can be annoying and even harassing. And they won’t just give up and stop calling. But there are ways to properly handle them.\r\n\r\nThe quickest way to stop collection calls and move on with your life is to contact an LIT. If you’re facing collection calls, you’re likely already facing debt problems. LITs are the only professionals in Canada legally authorized to file consumer proposals and bankruptcies. They also provide advice and assistance about other debt management options.\r\n\r\nTo find out more, book a free, confidential, no-obligation consultation with \u003Ca href=\"https://www.farber.ca/book-a-consultation\">us today.\u003C/a>","How do I stop creditors and collection agencies from calling?","how-do-i-stop-creditors-and-collection-agencies-from-calling","2025-12-24 10:43:18","2025-12-24 15:43:18","https://www.farber.ca/?post_type=faq&p=479",{"ID":105,"post_author":63,"post_date":106,"post_date_gmt":107,"post_content":108,"post_title":109,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":110,"to_ping":30,"pinged":30,"post_modified":111,"post_modified_gmt":112,"post_content_filtered":30,"post_parent":72,"guid":113,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},480,"2024-06-14 09:46:08","2024-06-14 13:46:08","Everyone’s financial situation is different. Here are some questions to ask your LIT during the first consultation.\r\n\u003Cul>\r\n \t\u003Cli>What is the best debt-relief option for my situation?\u003C/li>\r\n \t\u003Cli>What are the pros and cons of any other options?\u003C/li>\r\n \t\u003Cli>Which of my debts will be affected?\u003C/li>\r\n \t\u003Cli>How much will this cost?\u003C/li>\r\n \t\u003Cli>Will anyone else in my family be affected by the solution suggested?\u003C/li>\r\n \t\u003Cli>How will this affect my credit rating?\u003C/li>\r\n \t\u003Cli>Who will I work with throughout the process and how often will we speak to each other?\u003C/li>\r\n \t\u003Cli>How long will I be committed to my debt-relief solution?\u003C/li>\r\n \t\u003Cli>Once you help me with my debt, is that the end of our relationship?\u003C/li>\r\n\u003C/ul>","What questions should I ask during my first consultation?","what-questions-should-i-ask-during-my-first-consultation","2025-03-06 06:16:13","2025-03-06 11:16:13","https://www.farber.ca/?post_type=faq&p=480",[],[],"8/12",{"fieldGroupName":59,"heading":41,"type":5,"accordion":20,"faqs":118,"outro":30,"button":30,"anchorId":42,"padding":158,"margin":159,"width":116},[119,129,130,138,148],{"ID":120,"post_author":63,"post_date":121,"post_date_gmt":122,"post_content":123,"post_title":124,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":125,"to_ping":30,"pinged":30,"post_modified":126,"post_modified_gmt":127,"post_content_filtered":30,"post_parent":72,"guid":128,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2620,"2024-06-21 14:45:20","2024-06-21 18:45:20","Making the first step to gain control of your debt can feel intimidating. But sharing your concerns with one of our team members means you’ll receive compassionate, non-judgmental advice that can help you make informed financial decisions. Here are some of the other benefits:\r\n\u003Cul>\r\n \t\u003Cli>Your consultation is completely free of charge\u003C/li>\r\n \t\u003Cli>Feeling no pressure or obligation\u003C/li>\r\n \t\u003Cli>Confidential and comfortable space\u003C/li>\r\n \t\u003Cli>Exploring all available solutions\u003C/li>\r\n \t\u003Cli>Finding relief from stress and anxiety knowing a solution is within reach\u003C/li>\r\n\u003C/ul>","What are the benefits of a free consultation?","what-are-the-benefits-of-a-free-consultation","2025-12-24 10:40:39","2025-12-24 15:40:39","https://www.farber.ca/?post_type=faq&p=2620",{"ID":62,"post_author":63,"post_date":64,"post_date_gmt":65,"post_content":66,"post_title":67,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":69,"to_ping":30,"pinged":30,"post_modified":70,"post_modified_gmt":71,"post_content_filtered":30,"post_parent":72,"guid":73,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},{"ID":131,"post_author":63,"post_date":132,"post_date_gmt":133,"post_content":134,"post_title":135,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":136,"to_ping":30,"pinged":30,"post_modified":132,"post_modified_gmt":133,"post_content_filtered":30,"post_parent":72,"guid":137,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2621,"2024-06-21 14:49:30","2024-06-21 18:49:30","A consumer proposal significantly reduces most unsecured debts you have, including:\r\n\u003Cul>\r\n \t\u003Cli>Credit card debt\u003C/li>\r\n \t\u003Cli>Tax debt\u003C/li>\r\n \t\u003Cli>Student loans (if 7 years have passed since you were last a student)\u003C/li>\r\n \t\u003Cli>Personal loans\u003C/li>\r\n \t\u003Cli>Lines of credit\u003C/li>\r\n \t\u003Cli>Payday loans\u003C/li>\r\n\u003C/ul>","What kinds of debt can I include in a consumer proposal?","what-kinds-of-debt-can-i-include-in-a-consumer-proposal","https://www.farber.ca/?post_type=faq&p=2621",{"ID":139,"post_author":63,"post_date":140,"post_date_gmt":141,"post_content":142,"post_title":143,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":144,"to_ping":30,"pinged":30,"post_modified":145,"post_modified_gmt":146,"post_content_filtered":30,"post_parent":72,"guid":147,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},475,"2024-06-14 08:56:49","2024-06-14 12:56:49","A consumer proposal is a formal agreement between you and your creditors that’s submitted on your behalf by a LIT. It includes an offer to your creditors to settle your debt for an amount that is normally less than the total amount owing – as much as an 80% debt saving. Most importantly, it allows you to retain assets, such as your car and your home.\r\n\r\nA bankruptcy is a legal process in Canada legislated under the Bankruptcy and Insolvency Act (BIA) that’s designed to give a debtor a fresh start. A bankruptcy in Canada can only be filed with a LIT. With bankruptcy, you surrender your assets to the LIT for the general benefit of your creditors. However, you do not lose everything when you file a bankruptcy. Certain exemptions permit you to keep some assets.","What’s the difference between a consumer proposal and bankruptcy?","whats-the-difference-between-a-consumer-proposal-and-bankruptcy","2024-07-22 07:26:36","2024-07-22 11:26:36","https://www.farber.ca/?post_type=faq&p=475",{"ID":149,"post_author":63,"post_date":150,"post_date_gmt":151,"post_content":152,"post_title":153,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":154,"to_ping":30,"pinged":30,"post_modified":155,"post_modified_gmt":156,"post_content_filtered":30,"post_parent":72,"guid":157,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},476,"2024-06-14 08:57:14","2024-06-14 12:57:14","There are two types of debt consolidation – high-interest debt consolidation loans and interest-free consumer proposals.\r\n\r\nMany people know about debt consolidation loans, but know less about an interest-free form of debt consolidation called a consumer proposal. It’s a better way to consolidate and reduce your debt in many situations. We do not provide loans. If you’re looking for a loan, we suggest you speak to your bank first to see if you qualify for one.\r\n\r\nFor many Canadians, high-interest and hidden-fee debt consolidation loans can lead to even more financial stress and payments that even exceed the original debt. A consumer proposal is a federally regulated program designed to help Canadians reduce and eliminate debt without loans and rebuild their financial security. A debt consolidation loan does not eliminate interest, stop collection calls, wage garnishment, or offer the legal protection a consumer proposal can.","How does debt consolidation work?","how-does-debt-consolidation-work","2024-07-22 07:32:56","2024-07-22 11:32:56","https://www.farber.ca/?post_type=faq&p=476",[],[],{"fieldGroupName":59,"heading":44,"type":5,"accordion":20,"faqs":161,"outro":30,"button":30,"anchorId":45,"padding":211,"margin":213,"width":116},[162,172,181,191,201],{"ID":163,"post_author":63,"post_date":164,"post_date_gmt":165,"post_content":166,"post_title":167,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":168,"to_ping":30,"pinged":30,"post_modified":169,"post_modified_gmt":170,"post_content_filtered":30,"post_parent":72,"guid":171,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},468,"2024-06-13 15:53:17","2024-06-13 19:53:17","Filing a consumer proposal doesn't damage your credit forever. While it impacts your credit rating, it's often already been affected by missed or late payments. But many people have been making minimum payments for some time, which helps maintain stronger credit scores.\r\n\r\nAddressing your debt through a consumer proposal benefits you in the long run, though it takes time. A consumer proposal helps you rebuild your financial life. By ending the minimum-payment cycle, you can responsibly acquire new credit. The two mandatory financial counseling sessions teach valuable money management and budgeting skills, helping you manage your finances and rebuild your credit rating.","How does a consumer proposal affect my credit?","how-does-a-consumer-proposal-affect-my-credit","2024-07-22 07:35:18","2024-07-22 11:35:18","https://www.farber.ca/?post_type=faq&p=468",{"ID":173,"post_author":63,"post_date":174,"post_date_gmt":175,"post_content":134,"post_title":176,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":177,"to_ping":30,"pinged":30,"post_modified":178,"post_modified_gmt":179,"post_content_filtered":30,"post_parent":72,"guid":180,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},469,"2024-06-13 15:53:43","2024-06-13 19:53:43","What types of debt can I include in a consumer proposal?","what-types-of-debt-can-i-include-in-a-consumer-proposal","2024-06-18 09:38:05","2024-06-18 13:38:05","https://www.farber.ca/?post_type=faq&p=469",{"ID":182,"post_author":63,"post_date":183,"post_date_gmt":184,"post_content":185,"post_title":186,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":187,"to_ping":30,"pinged":30,"post_modified":188,"post_modified_gmt":189,"post_content_filtered":30,"post_parent":72,"guid":190,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},470,"2024-06-13 15:53:57","2024-06-13 19:53:57","Absolutely. One of the biggest advantages of a consumer proposal is flexibility — and yes, you can pay off a consumer proposal early. Once your proposal is accepted by your creditors and the court, you’re free to pay it down at any time. Unlike high-interest debt consolidation loans, there are no penalties or added interest for early repayment. In fact, we encourage it! Paying off your proposal sooner means you'll receive your Certificate of Completion earlier and can start rebuilding your credit faster.","Can I pay off my consumer proposal early?","can-i-pay-off-my-consumer-proposal-early","2025-05-20 13:16:54","2025-05-20 17:16:54","https://www.farber.ca/?post_type=faq&p=470",{"ID":192,"post_author":63,"post_date":193,"post_date_gmt":194,"post_content":195,"post_title":196,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":197,"to_ping":30,"pinged":30,"post_modified":198,"post_modified_gmt":199,"post_content_filtered":30,"post_parent":72,"guid":200,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},471,"2024-06-13 15:54:10","2024-06-13 19:54:10","Most consumer proposals last from three to five years, with five being the most common. You make one monthly payment to your LIT, who then pays your creditors. This allows you to manage your expenses more easily by spreading out the total amount owed.\r\n\r\nOnce accepted, it's legally binding on all creditors, unlike other debt settlements where each creditor can opt out. In a proposal, the majority of your creditors have to agree to an amount they’ll accept for your outstanding debt. Once that happens, all creditors are bound, even if a minority voted against it. After your final payment, a Certificate of Completion is issued, notifying credit bureaus of your successful completion.","How long does a consumer proposal last?","how-long-does-a-consumer-proposal-last","2024-07-22 07:37:30","2024-07-22 11:37:30","https://www.farber.ca/?post_type=faq&p=471",{"ID":202,"post_author":63,"post_date":203,"post_date_gmt":204,"post_content":205,"post_title":206,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":207,"to_ping":30,"pinged":30,"post_modified":208,"post_modified_gmt":209,"post_content_filtered":30,"post_parent":72,"guid":210,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},472,"2024-06-13 15:54:24","2024-06-13 19:54:24","You can’t file on your own. Under the Bankruptcy and Insolvency Act, only a LIT can submit a consumer proposal in Canada. A debt consolidation firm or credit counsellor also cannot file a proposal for you.\r\n\r\nLITs are licensed by the government and understand both provincial and federal laws. They’re required to file a proposal properly so it’s legally-binding on you and your creditors.","Can I file a consumer proposal on my own?","can-i-file-a-consumer-proposal-on-my-own","2024-07-19 07:24:17","2024-07-19 11:24:17","https://www.farber.ca/?post_type=faq&p=472",[212],"top-padding",[],{"fieldGroupName":59,"heading":47,"type":5,"accordion":20,"faqs":215,"outro":30,"button":30,"anchorId":48,"padding":266,"margin":267,"width":116},[216,226,236,246,256],{"ID":217,"post_author":63,"post_date":218,"post_date_gmt":219,"post_content":220,"post_title":221,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":222,"to_ping":30,"pinged":30,"post_modified":223,"post_modified_gmt":224,"post_content_filtered":30,"post_parent":72,"guid":225,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2578,"2024-06-18 21:59:40","2024-06-19 01:59:40","When you file for bankruptcy, your creditors cannot take legal action against you. They can’t sue you, take money from your wages, or keep calling you to ask for payment.","What happens when I declare bankruptcy?","what-happens-when-i-declare-bankruptcy","2024-07-19 12:35:25","2024-07-19 16:35:25","https://www.farber.ca/?post_type=faq&p=2578",{"ID":227,"post_author":63,"post_date":228,"post_date_gmt":229,"post_content":230,"post_title":231,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":232,"to_ping":30,"pinged":30,"post_modified":233,"post_modified_gmt":234,"post_content_filtered":30,"post_parent":72,"guid":235,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2579,"2024-06-18 22:00:24","2024-06-19 02:00:24","In bankruptcy, you surrender your assets to the LIT for the general benefit of your creditors. However, you do not lose everything when you file a bankruptcy.\r\n\r\nThere are exemptions, based on the province you live in. But, in most cases, you can usually keep these assets when filing bankruptcy in Canada:\r\n\u003Cul>\r\n \t\u003Cli> A car, valued to a provincial limit\u003C/li>\r\n \t\u003Cli>Personal belongings and clothes\u003C/li>\r\n \t\u003Cli>Equipment related to work\u003C/li>\r\n \t\u003Cli>Furniture, food, and tools in your house\u003C/li>\r\n \t\u003Cli>Some types of agricultural property\u003C/li>\r\n \t\u003Cli>Any RRSPs, RRIFs, RESPs, RDSPs savings (except if they were made in the year before filing bankruptcy)\u003C/li>\r\n\u003C/ul>\r\nThe bankruptcy process is designed to focus on rehabilitation not punishment. Each province and territory has its own exemptions to the bankruptcy law that outline which of your assets, and how much equity, you are allowed to retain.","What happens to my assets?","what-happens-to-my-assets","2024-07-19 10:22:58","2024-07-19 14:22:58","https://www.farber.ca/?post_type=faq&p=2579",{"ID":237,"post_author":63,"post_date":238,"post_date_gmt":239,"post_content":240,"post_title":241,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":242,"to_ping":30,"pinged":30,"post_modified":243,"post_modified_gmt":244,"post_content_filtered":30,"post_parent":72,"guid":245,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2580,"2024-06-18 22:00:38","2024-06-19 02:00:38","Filing a bankruptcy is a legal process and cannot be done on your own. Bankruptcy can only be filed by a LIT.","Can I file for bankruptcy myself?","can-i-file-for-bankruptcy-myself","2024-07-19 07:24:23","2024-07-19 11:24:23","https://www.farber.ca/?post_type=faq&p=2580",{"ID":247,"post_author":63,"post_date":248,"post_date_gmt":249,"post_content":250,"post_title":251,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":252,"to_ping":30,"pinged":30,"post_modified":253,"post_modified_gmt":254,"post_content_filtered":30,"post_parent":72,"guid":255,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2581,"2024-06-18 22:01:07","2024-06-19 02:01:07","When you file for personal bankruptcy, your credit score is affected for six years after you have been discharged. A note is placed on your credit report, which makes it hard to get a loan or to get credit at a lower interest rate.\r\n\r\nHowever, you can rebuild your credit by following good credit habits. This includes borrowing reasonable amounts and paying them back on time. Getting a secured credit card (a credit card that is backed by a deposit) can help you rebuild your credit score. Whether it’s the best time to declare personal bankruptcy or not, know that your financial life is not over once you file for personal bankruptcy. While there are certainly consequences, you can still rebuild your financial health.","How will bankruptcy affect my credit?","how-will-bankruptcy-affect-my-credit","2024-07-22 08:06:29","2024-07-22 12:06:29","https://www.farber.ca/?post_type=faq&p=2581",{"ID":257,"post_author":63,"post_date":258,"post_date_gmt":259,"post_content":260,"post_title":261,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":262,"to_ping":30,"pinged":30,"post_modified":263,"post_modified_gmt":264,"post_content_filtered":30,"post_parent":72,"guid":265,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2582,"2024-06-18 22:01:35","2024-06-19 02:01:35","Bankruptcy is not your only option. It’s used as a last resort when other solutions have been ruled out. In bankruptcy, you surrender most of your assets to the LIT for the general benefit of your creditors. Many people are surprised to learn that bankruptcy doesn't solve everything.\r\n\u003Cul>\r\n \t\u003Cli>Doesn’t erase all debts\u003C/li>\r\n \t\u003Cli>Involves using your assets\u003C/li>\r\n \t\u003Cli>Impacts your credit score\u003C/li>\r\n \t\u003Cli>Makes it harder to borrow again\u003C/li>\r\n\u003C/ul>\r\nA consumer proposal is a formal and legally-binding debt settlement agreement between you and the companies you owe money to (your creditors). It can reduce your debt by up to 80% forever–without any fees or interest charges.","What’s the difference between bankruptcy and a consumer proposal?","whats-the-difference-between-bankruptcy-and-a-consumer-proposal","2025-03-06 06:42:14","2025-03-06 11:42:14","https://www.farber.ca/?post_type=faq&p=2582",[],[],{"fieldGroupName":59,"heading":50,"type":5,"accordion":20,"faqs":269,"outro":30,"button":30,"anchorId":51,"padding":318,"margin":319,"width":116},[270,278,286,294,302,310],{"ID":271,"post_author":63,"post_date":272,"post_date_gmt":273,"post_content":274,"post_title":275,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":276,"to_ping":30,"pinged":30,"post_modified":272,"post_modified_gmt":273,"post_content_filtered":30,"post_parent":72,"guid":277,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2583,"2024-06-19 09:28:53","2024-06-19 13:28:53","If you have a lower credit score, getting a traditional loan is harder. However, you can get a secured loan when you use something valuable you own as collateral. Before you apply for this kind of loan, consider filing for a consumer proposal, where you can actually reduce your debt, pay no fees or interest and do not need to use your possessions to secure the loan.","Can I consolidate my debt if my credit is not good?","can-i-consolidate-my-debt-if-my-credit-is-not-good","https://www.farber.ca/?post_type=faq&p=2583",{"ID":279,"post_author":63,"post_date":280,"post_date_gmt":281,"post_content":282,"post_title":283,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":284,"to_ping":30,"pinged":30,"post_modified":280,"post_modified_gmt":281,"post_content_filtered":30,"post_parent":72,"guid":285,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2584,"2024-06-19 09:29:28","2024-06-19 13:29:28","\u003Cul>\r\n \t\u003Cli>Credit card debt\u003C/li>\r\n \t\u003Cli>Tax debt\u003C/li>\r\n \t\u003Cli>Student loans\u003C/li>\r\n \t\u003Cli>Personal loans\u003C/li>\r\n \t\u003Cli>Lines of credit\u003C/li>\r\n \t\u003Cli>Payday loans\u003C/li>\r\n\u003C/ul>","What types of debt can I include in a debt consolidation loan?","what-types-of-debt-can-i-include-in-a-debt-consolidation-loan","https://www.farber.ca/?post_type=faq&p=2584",{"ID":287,"post_author":63,"post_date":288,"post_date_gmt":289,"post_content":290,"post_title":291,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":292,"to_ping":30,"pinged":30,"post_modified":288,"post_modified_gmt":289,"post_content_filtered":30,"post_parent":72,"guid":293,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2585,"2024-06-19 09:29:57","2024-06-19 13:29:57","Opting for a debt consolidation loan with an unaffordable interest rate can lead to difficulty in making monthly payments, which can harm your credit score. And if your credit history is already poor, you may only qualify for debt consolidation loans with extremely high interest rates.","Does debt consolidation hurt my credit?","does-debt-consolidation-hurt-my-credit","https://www.farber.ca/?post_type=faq&p=2585",{"ID":295,"post_author":63,"post_date":296,"post_date_gmt":297,"post_content":298,"post_title":299,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":300,"to_ping":30,"pinged":30,"post_modified":296,"post_modified_gmt":297,"post_content_filtered":30,"post_parent":72,"guid":301,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2586,"2024-06-19 09:30:23","2024-06-19 13:30:23","Most debt consolidation loans allow you to keep your credit cards. But this can work against you. It’s easy to start using credit cards again and end up back in debt, plus you’ll also have to pay the debt consolidation loan.","Can a debt consolidation loan make things worse?","can-a-debt-consolidation-loan-make-things-worse","https://www.farber.ca/?post_type=faq&p=2586",{"ID":303,"post_author":63,"post_date":304,"post_date_gmt":305,"post_content":306,"post_title":307,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":308,"to_ping":30,"pinged":30,"post_modified":304,"post_modified_gmt":305,"post_content_filtered":30,"post_parent":72,"guid":309,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2587,"2024-06-19 09:30:48","2024-06-19 13:30:48","Consolidation loans often come with administration fees in addition to interest rates. These fees can range from $1,000 to $6,000, depending on the loan amount and duration. To understand the true cost of consolidation, you need to include these fees in your calculations. The actual cost may be higher than expected once all fees are considered.","Are there fees on a debt consolidation loan?","are-there-fees-on-a-debt-consolidation-loan","https://www.farber.ca/?post_type=faq&p=2587",{"ID":311,"post_author":63,"post_date":312,"post_date_gmt":313,"post_content":314,"post_title":315,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":316,"to_ping":30,"pinged":30,"post_modified":312,"post_modified_gmt":313,"post_content_filtered":30,"post_parent":72,"guid":317,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2747,"2024-06-24 13:03:30","2024-06-24 17:03:30","Consolidating debt with a low-interest loan can stop collection calls and simplify payments. However, if you only qualify for high-interest loans, it can lead to long-term consequences.\r\n\r\nA consumer proposal can be a better approach to a high-interest loan, and will actually reduce your debt by up to 80%. It ensures that you pay what is fair, with the rest of the debt forgiven–forever.","What’s the difference between debt consolidation and a consumer proposal?","whats-the-difference-between-debt-consolidation-and-a-consumer-proposal","https://www.farber.ca/?post_type=faq&p=2747",[],[],{"fieldGroupName":59,"heading":53,"type":5,"accordion":20,"faqs":321,"outro":30,"button":30,"anchorId":54,"padding":368,"margin":369,"width":116},[322,330,340,350,358],{"ID":323,"post_author":63,"post_date":324,"post_date_gmt":325,"post_content":326,"post_title":327,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":328,"to_ping":30,"pinged":30,"post_modified":324,"post_modified_gmt":325,"post_content_filtered":30,"post_parent":72,"guid":329,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2588,"2024-06-19 10:36:02","2024-06-19 14:36:02","You might need debt counselling if you are struggling to make your minimum payments, using credit to pay for basic necessities, receiving collection calls, or feeling overwhelmed by your financial situation.","How do I know if I need debt counselling?","how-do-i-know-if-i-need-debt-counselling","https://www.farber.ca/?post_type=faq&p=2588",{"ID":331,"post_author":63,"post_date":332,"post_date_gmt":333,"post_content":334,"post_title":335,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":336,"to_ping":30,"pinged":30,"post_modified":337,"post_modified_gmt":338,"post_content_filtered":30,"post_parent":72,"guid":339,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2615,"2024-06-21 13:19:20","2024-06-21 17:19:20","Our team is happy to talk with you about your situation. To set up a free consultation, just \u003Ca href=\"https://www.farber.ca/contact-us/new-customers/\">contact us\u003C/a>.","How can I get help with debt counselling?","how-can-i-get-help-with-debt-counselling","2025-12-24 10:43:52","2025-12-24 15:43:52","https://www.farber.ca/?post_type=faq&p=2615",{"ID":341,"post_author":63,"post_date":342,"post_date_gmt":343,"post_content":344,"post_title":345,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":346,"to_ping":30,"pinged":30,"post_modified":347,"post_modified_gmt":348,"post_content_filtered":30,"post_parent":72,"guid":349,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2590,"2024-06-19 10:36:41","2024-06-19 14:36:41","Yes, debt counselling can help you explore alternatives to bankruptcy, such as a consumer proposal, which can reduce your debt by up to 80%. A LIT can help create a plan to manage and reduce your debt, which may allow you to avoid bankruptcy. However, if bankruptcy is necessary, a LIT can also provide guidance on the process.","Can debt counselling help me avoid bankruptcy?","can-debt-counselling-help-me-avoid-bankruptcy","2024-07-19 07:24:09","2024-07-19 11:24:09","https://www.farber.ca/?post_type=faq&p=2590",{"ID":351,"post_author":63,"post_date":352,"post_date_gmt":353,"post_content":354,"post_title":355,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":356,"to_ping":30,"pinged":30,"post_modified":352,"post_modified_gmt":353,"post_content_filtered":30,"post_parent":72,"guid":357,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2591,"2024-06-19 10:36:54","2024-06-19 14:36:54","Debt counselling involves creating a plan to manage and reduce your debt through budgeting and negotiation. A debt consolidation loan involves taking out a new loan to pay off multiple debts by combining them into a single loan with monthly payments.","What is the difference between debt counselling and a debt consolidation loan?","what-is-the-difference-between-debt-counselling-and-a-debt-consolidation-loan","https://www.farber.ca/?post_type=faq&p=2591",{"ID":359,"post_author":63,"post_date":360,"post_date_gmt":361,"post_content":362,"post_title":363,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":364,"to_ping":30,"pinged":30,"post_modified":365,"post_modified_gmt":366,"post_content_filtered":30,"post_parent":72,"guid":367,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2592,"2024-06-19 10:37:12","2024-06-19 14:37:12","During your first session, our friendly team members will listen to you and hear about your financial situation, including your income, expenses, debts, and assets. They will then work with you, step-by-step, to create a budget and develop a plan to manage and reduce your debt.","What should I expect during my first debt counselling session?","what-should-i-expect-during-my-first-debt-counselling-session","2025-12-30 06:12:10","2025-12-30 11:12:10","https://www.farber.ca/?post_type=faq&p=2592",[],[],{"fieldGroupName":59,"heading":56,"type":5,"accordion":20,"faqs":371,"outro":30,"button":30,"anchorId":57,"padding":420,"margin":421,"width":116},[372,382,392,402,412],{"ID":373,"post_author":63,"post_date":374,"post_date_gmt":375,"post_content":376,"post_title":377,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":378,"to_ping":30,"pinged":30,"post_modified":379,"post_modified_gmt":380,"post_content_filtered":30,"post_parent":72,"guid":381,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2540,"2024-06-18 09:04:07","2024-06-18 13:04:07","LITs help you navigate debt-related issues and offer support as you build your overall financial wellbeing. Farber LIT’s offer free, confidential, no-obligation consultations to assess your financial situation, and provide guidance–not only for your debt issues, but also for your future financial health.\r\n\r\nOnce a LIT has reviewed your specific situation with you, they’ll present a personalized plan with your options and suggest a solution.  One solution is a \u003Ca href=\"https://www.farber.ca/consumer-proposal/\">consumer proposal\u003C/a>. It’s a legally binding document that can only be submitted by a LIT and can reduce your debt by up to 80%.","What does a LIT do?","what-does-an-lit-do","2024-07-19 07:25:42","2024-07-19 11:25:42","https://www.farber.ca/?post_type=faq&p=2540",{"ID":383,"post_author":63,"post_date":384,"post_date_gmt":385,"post_content":386,"post_title":387,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":388,"to_ping":30,"pinged":30,"post_modified":389,"post_modified_gmt":390,"post_content_filtered":30,"post_parent":72,"guid":391,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2542,"2024-06-18 09:04:41","2024-06-18 13:04:41","If your debt has become too much to manage, you might think that bankruptcy, a consolidation loan, or even taking out another loan, are your only options. But more loans could make your situation worse in the long run. They can also come with high interest rates.\r\n\r\nWhen you meet with a LIT, they’ll review your current situation in detail and without judgment. A LIT is an expert in debt and is there to help you understand all your options so you can make a decision that will help improve your situation and not make it worse.","Why should you see a LIT if you’re struggling with debt?","why-should-you-see-an-lit-if-youre-struggling-with-debt","2024-07-19 07:26:26","2024-07-19 11:26:26","https://www.farber.ca/?post_type=faq&p=2542",{"ID":393,"post_author":63,"post_date":394,"post_date_gmt":395,"post_content":396,"post_title":397,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":398,"to_ping":30,"pinged":30,"post_modified":399,"post_modified_gmt":400,"post_content_filtered":30,"post_parent":72,"guid":401,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2543,"2024-06-18 09:06:05","2024-06-18 13:06:05","LITs help people who are having problems repaying their debts with practical advice and debt-relief solutions. LITs are strictly regulated by the Canadian government and the only professionals licensed to reduce debt and debt payments, stop interest, and stop collection calls with solutions such as \u003Ca href=\"https://www.farber.ca/consumer-proposal/\">consumer proposals\u003C/a> and \u003Ca href=\"https://www.farber.ca/bankruptcy/\">bankruptcies\u003C/a>.\r\n\r\nDebt consultants are unregulated advisors and charge a fee for their services. They do not have to meet strict legislative requirements, and are not required to have any formal training to provide their services. They also charge for information that you can get free from a LIT. Debt consultants can’t file consumer proposals or bankruptcies.","What are the differences between a LIT and a debt consultant?","what-are-the-differences-between-an-lit-and-a-debt-consultant","2024-07-19 07:25:38","2024-07-19 11:25:38","https://www.farber.ca/?post_type=faq&p=2543",{"ID":403,"post_author":63,"post_date":404,"post_date_gmt":405,"post_content":406,"post_title":407,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":408,"to_ping":30,"pinged":30,"post_modified":409,"post_modified_gmt":410,"post_content_filtered":30,"post_parent":72,"guid":411,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2544,"2024-06-18 09:06:36","2024-06-18 13:06:36","LITs are not allowed to set their own fees or rates, unlike lawyers. They must follow strict government-regulated rules when handling and being paid for managing a consumer proposal or personal bankruptcy.\r\n\r\nYou don’t directly pay a LIT. That means that any consultation or phone call, as well as any ongoing support, it’s included and you won’t get a bill for it.","How is a LIT paid?","how-is-an-lit-paid","2024-07-19 10:21:18","2024-07-19 14:21:18","https://www.farber.ca/?post_type=faq&p=2544",{"ID":413,"post_author":63,"post_date":414,"post_date_gmt":415,"post_content":416,"post_title":417,"post_excerpt":30,"post_status":10,"comment_status":68,"ping_status":68,"post_password":30,"post_name":418,"to_ping":30,"pinged":30,"post_modified":414,"post_modified_gmt":415,"post_content_filtered":30,"post_parent":72,"guid":419,"menu_order":72,"post_type":5,"post_mime_type":30,"comment_count":74,"filter":75},2545,"2024-06-18 09:07:10","2024-06-18 13:07:10","Making the decision about who will help you take control of your debt is an important one. It involves feeling comfortable and confident in your LIT’s scope of services, capabilities and ability to provide support. Some things to help you choose the best fit for you are:\r\n\u003Col>\r\n \t\u003Cli>Look at online reviews to see how other clients rate your LIT’s services. The highest Trustpilot score is 5.0. With over 5,000 reviews, we’re proud to have received a score of 4.9.\u003C/li>\r\n \t\u003Cli>Take full advantage of your free consultation to get all the information you need to understand your options.\u003C/li>\r\n \t\u003Cli>Ask yourself how the people you talked to make you feel? Do you feel like they listened and understood your situation? 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