farber
Farber is a Canadian Licensed Insolvency Trustee firm founded around 1980 that delivers regulated consumer proposals, bankruptcy, and debt counselling services to individual Canadians across 50+ offices, having assisted over 200,000 people.
- Company typePrivate
- Founded1980
- HeadquartersToronto, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What farber does
Farber, operating through its legal entity A. Farber & Partners Inc., is a privately held Canadian debt solutions firm founded around 1980 and headquartered at 1220 Sheppard Ave. East in Toronto. The company delivers regulated debt-relief and insolvency services to individual Canadians through Licensed Insolvency Trustees, the only professionals legally authorized to administer consumer proposals and bankruptcies under Canadian federal law. Its core offering is the consumer proposal, which can reduce unsecured debt by up to 80% with interest frozen and creditor action stayed; complementary services include bankruptcy filings, debt counselling, debt consolidation advisory, Division 1 Proposals for debts exceeding $250,000, and Orderly Payment of Debt programs in applicable provinces. Supporting digital tools include a Debt-to-Income calculator and a Debt Payment calculator on its website.
farber firmographics
Firmographics- Name
- farber
- Legal name
- A. Farber & Partners Inc.
- Website
- https://farbergroup.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Farber is a Canadian Licensed Insolvency Trustee firm founded around 1980 that delivers regulated consumer proposals, bankruptcy, and debt counselling services to individual Canadians across 50+ offices, having assisted over 200,000 people.
- Ownership category
- akta.pro rank
farber industry classification
Industry- Product category
- Consumer Debt Relief Services
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Financial Hardship & Forbearance Assistance (FSAEAFAJ)
- akta.pro secondary industry
- Credit Counseling & Debt Management Plans (DMP) (FSAKAJAH)
Keywords
Where farber is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
farber business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others
Revenue model
- Consumer Proposal Administration: Consumer proposals are filed through Licensed Insolvency Trustees. Trustee fees are taken from the proposal payments made monthly by the consumer - consumers do not pay trustees separately. The proposal payment is locked in once accepted by creditors with no surprises.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Consultation |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
farber product offering
Product offeringCore offering
Farber provides Canadian consumers with personalized debt relief solutions administered by Licensed Insolvency Trustees. The company's core offering centers on Consumer Proposals that can reduce unsecured debt by up to 80%, supplemented by Bankruptcy filings, Debt Counselling, Debt Consolidation advisory, Division 1 Proposals for debts over $250,000, and Orderly Payment of Debt programs. Services are delivered through free, confidential consultations available by phone, video, or in-person at 50+ Canadian offices.
Product overview
Farber offers personalized debt relief solutions through Licensed Insolvency Trustees, primarily centered on Consumer Proposals as the flagship offering. The company provides a suite of regulated debt relief services including Consumer Proposals (which can reduce unsecured debt by up to 80%), Bankruptcy filings, Debt Counselling, and Debt Consolidation advisory services. Supporting tools include online Debt-to-Income and Debt Payment Calculators. For larger debts exceeding $250,000, the company offers Division 1 Proposals. The company operates across 50+ offices in Canada with free initial consultations.
Differentiator
Problem solved
Functional benefit
Products and services
- Consumer Proposal A formal, legally binding agreement between a debtor and creditors administered by a Licensed Insolvency Trustee, allowing payment of a portion of debt over up to five years while protecting assets. Can reduce unsecured debt by up to 80% and freezes interest upon filing.
- Bankruptcy A government-regulated debt relief option administered by Licensed Insolvency Trustees, typically considered a last resort after exploring other options. Provides legal discharge of qualifying debts while protecting the debtor from creditor action.
- Debt Counselling Advisory service providing complimentary sessions to assess debt stress, discuss options without judgment, and identify appropriate debt solutions. Delivered by experienced debt counsellors.
- Debt Consolidation A debt relief approach involving combining multiple debts into a single loan. Farber provides advisory guidance on consolidation, including candid disclosure of potential drawbacks such as hidden fees and inability to reduce total debt.
- Division 1 Proposal A formal procedure under the Bankruptcy and Insolvency Act for individuals or businesses with debts over $250,000, filed through a Licensed Insolvency Trustee.
- Orderly Payment of Debt (OPD) A court-approved payment option available in some Canadian provinces that consolidates balances into one manageable payment with fixed interest.
Quantifiable outcome
- Debt reduction of up to 80% through consumer proposal
- +2 more outcomes
Companies that use farber
Customer profileNamed customers6 records
Segments1 record
Ideal customer profiles2 records
farber technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
farber partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
farber competitors and assessment
Company assessmentDirect peers
- MNP LLP (Debt Solutions): MNP is one of Canada's largest accounting and debt advisory firms with a dedicated Debt Solutions practice administering consumer proposals and bankruptcies. It competes head-to-head with Farber on the same Canadian consumer debt-relief services.
- BDO Canada (Debt Solutions): BDO Canada operates a national Licensed Insolvency Trustee practice offering consumer proposals, bankruptcy, and debt counselling to Canadians. It directly overlaps with Farber's core consumer proposal and counselling offerings.
- Grant Thornton Canada (Debt Solutions): Grant Thornton runs a Canadian debt solutions and insolvency practice serving individual consumers with proposals and bankruptcy filings. It is a comparable multi-office LIT competitor to Farber.
- Hoyes Michalos & Associates: Hoyes Michalos is an Ontario-based Licensed Insolvency Trustee firm specializing in consumer proposals and debt counselling for Canadians. It targets the same consumer segment as Farber with comparable services.
- David Sklar & Associates: David Sklar & Associates is a Canadian LIT firm offering consumer proposals, bankruptcy, and debt advisory across Ontario. It is a direct regional competitor to Farber in the consumer insolvency space.
Broad incumbents
- KPMG Canada (Restructuring): KPMG's Canadian restructuring practice includes personal insolvency and debt advisory work as part of a broader professional services portfolio. It overlaps with Farber's offerings but does not specialize exclusively in consumer debt.
- Deloitte Canada (Restructuring): Deloitte provides restructuring and insolvency services in Canada, including personal debt advisory within a much larger advisory practice. It is a broad incumbent with partial overlap to Farber's consumer debt work.
Emerging players
- Refresh Financial: Refresh Financial is a Canadian fintech focused on debt consolidation programs and credit-building for consumers. It competes with Farber's consolidation and counselling offerings through a more digital-first delivery model.
- Consolidated Credit Solutions (Canada): Consolidated Credit is a credit counselling and debt management service provider active in Canada, offering debt consolidation and DMPs. It addresses the same financially stressed consumer segment as Farber through non-trustee counselling.
Others
- Debt.ca: Debt.ca is a Canadian online platform that connects consumers with debt relief options including LIT firms and credit counsellors. It functions as an indirect marketing and referral channel relevant to Farber's customer acquisition mix.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
farber social profiles
Digital presencefarber financial estimates
Financial estimateRevenue estimate
Valuation estimate
farber leadership team
Management profileNumber of profiles
Profiles2 records
farber funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
farber M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about farber
What does farber do?
Farber provides Canadian consumers with personalized debt relief solutions administered by Licensed Insolvency Trustees. The company's core offering centers on Consumer Proposals that can reduce unsecured debt by up to 80%, supplemented by Bankruptcy filings, Debt Counselling, Debt Consolidation advisory, Division 1 Proposals for debts over $250,000, and Orderly Payment of Debt programs. Services are delivered through free, confidential consultations available by phone, video, or in-person at 50+ Canadian offices.
Is farber a public or private company?
farber is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was farber founded?
farber was founded in 1980. It employs 501 to 1,000 people.
Where is farber based?
farber is headquartered in Toronto, United States, in the North America region.
How does farber make money?
One revenue line is on record: consumer Proposal Administration.
Who are farber's main competitors?
Direct peers on record are MNP LLP (Debt Solutions), BDO Canada (Debt Solutions), Grant Thornton Canada (Debt Solutions), Hoyes Michalos & Associates and David Sklar & Associates. Broad incumbents are KPMG Canada (Restructuring) and Deloitte Canada (Restructuring). Emerging players are Refresh Financial and Consolidated Credit Solutions (Canada). Debt.ca is listed as an others.
Does farber have an API?
No public API is recorded for farber.
What industry is farber in?
farber's product category is Consumer Debt Relief Services. Its primary akta.pro industry code is FSAEAFAJ, Financial Hardship & Forbearance Assistance, with a secondary code of FSAKAJAH, Credit Counseling & Debt Management Plans (DMP). Its NAICS code is 522310 and its SIC code is 6141.