Restructuring And Insolvency

When disputes arise between partners, shareholders or other business associates, it often makes sense to appoint an objective and independent third party to manage assets or operate a business. We will act as a court-appointed receiver under the Bankruptcy and Insolvency Act or Courts of Justice Act in order to preserve the value of assets or a business while the stakeholders resolve their dispute.

If your account is transferred to the special loans group at your bank, all of the rules change. Where your commercial account manager was focused on customer service and selling bank products, the special loans account manager will be focused on one thing: protecting the bank’s security. We have extensive experience working with special loans groups at a number of lenders; we know how they operate and what they are looking for. We will assist you in preparing a financial reporting package that will restore the bank’s confidence and give you time to restructure or refinance your business.

When all other options have been exhausted, a bankruptcy may be necessary to efficiently and fairly manage creditor claims. A bankruptcy may also provide a mechanism to realize on the balance of a company’s assets and reduce directors’ liabilities by managing claims through the estate.

Whether due to financial problems or succession issues, business owners may find themselves in a position where the best solution is to wind down their company. Completing a wind-down in an orderly fashion, while protecting the owner and ensuring fair treatment for all stakeholders, is a complicated matter. We will leverage our experience to make the transition as smooth as possible while protecting your interests.