My business is in distress. What’s my next move?
You’ve come to a point where ‘business as usual’ is no longer an option. It is unclear what your next move should be or just how you’re going to make it through the next payment cycle, let alone see the next quarter. What’s your next step? How will you manage this crisis?
When it comes to a business in distress, as tempting as it may be to ignore, the problem won’t fix itself.
Whether the solution calls for an informal restructuring or an assignment in bankruptcy, a formal restructuring under the Companies’ Creditors Arrangement Act, or a proposal under the Bankruptcy and Insolvency Act, we get to know the business and its challenges, and help put things into perspective. We assess and identify the options and guide you to the optimal solution in an objective and professional manner.
How we can help
We grasp the seriousness of your situation and try to resolve it in the most beneficial and least disruptive way. This may involve raising new capital, disposition of surplus assets, negotiations with secured and unsecured creditors, unions or other important stakeholders. Our professionals regularly appear before the courts in connection with and in support of restructuring proceedings. As court officers, we act objectively through all facets of the restructuring. Our team can assist with:
- Cash flow
- Liquidity crisis
- Crisis management
- Devising, implementing communication programs
- Assistance in dealing with various stakeholders.
Our professionals have handled some of the most complex restructurings in Canada. No matter the situation, there is a solution. We’re here to help you find it.
Meet our expertsThe people behind the expertise.
Daniel TannenbaumCPA, CA, CTP
Eric BarbieriCPA, CA, CTP, CIRP, LIT
Howard GrossCPA, CA, CBV
Gilles BenchayaCPA, CA, CIRP, LIT, CTP
Adam ShermanMBA, CIRP, LIT
Karen KimelMACC, CA, CPA, CPA (IL), CIRP, LIT
Paul van EykCPA, CA•IFA, CIRP, LIT, Fellow of INSOL
Olivier BenchayaCPA, CA, CIRP, LIT
Andrew AdesskyCPA, CA, MBA, CIRP, LIT
Benoît GinguesCPA, CA, CIRP, LIT
Alana GellerCBV, CFF
Gilles RobillardCPA, CA, CIRP, LIT
Let's get you where you need to go