If your business is facing financial challenges, you should consider securing the services of a Licensed Insolvency Trustee. With over 60 years of experience, our team of trusted advisors can support you in creating a customized restructuring plan to manage your debt.
An informal restructuring or workout will generally be available to companies with minor debts or those in less complex situations commonly involving only one large creditor.
In cases where the level and complexity of a company’s debt is not significant, an informal proposal or workout may be an affordable alternative to a Division 1 Proposal. This option is often a reasonable method of settling the debts where the principal borrower has filed an assignment in bankruptcy, the guaranteed debts are few in number, and the likelihood of the unsecured creditors in the bankruptcy receiving a dividend is low.
When working with our team of Licensed Insolvency Trustees (LITs) you can expect expertise and sincere support. Our role as your LIT is to administer your restructuring proposal and support your business in regaining financial stability.
Only a LIT is authorized to file your proposal under the BIA or CCAA and provide you with guidance in this situation.
Call us or complete the form below for any questions on debt solutions and debt restructuring in Vancouver. We look forward to speaking with you.
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