Prior to the 2020 pandemic, some businesses faced real financial struggles.
Now in 2023, it is time to repay the CEBA loans. As business insolvency filings are soaring and small and medium business owners work to recover and repay loans related to Covid-19 Government of Canada business benefit funding. Organizations continue to encounter operational challenges, including staffing shortages, increasingly higher operational costs, rising rents, wage increases, cash flow decline, higher lending rates, delayed receivables, and supply chain security.
Accumulating issues are forcing our local businesses to make hard decisions, but Sheila and Lisa are here to help you find the best direction for your business troubles :
- CRA Tax repayment
- Recruiting and Retaining qualified employees
- Inflated of operating costs
- Supply insecurity
- Sales Reduction
- Poor Cashflow
- Canada Emergency Business Account repayment
Business Recovery Services & Restructuring
Under performing? We will offer you independent and objective advise to address both the challenges and the opportunities. Creating an effective and comprehensive restructuring plan that will achieve your strategic goals — We support you in managing work-out or turn-around solutions.
Corporate Rescue & Business Turn Around
Saving your business is possible, Corporate Rescue is the first possibility we review. Ready to provide legal protection to the distressed company and it’s stakeholders. For years insolvent liquidation was the chosen method of protecting companies that were unable to meet their financial obligations and liabilities. In todays world, the national trend is moving towards a rescue scenario, through a Division 1 Proposal. Through business rescue we offer a survival solution.
Corporate Debt Assessment
We offer deep experience and professional services to assist with analysis of current debt structure. Whether a structured debt solutions over the long term or for the short term, our advise will be objective and based solely on your businesses best interest. Each solution is a different as the company, let us review your situation and optimize company.
Business Closure & Exit Strategies
Offering hands-on experience in winding up and closing businesses. Helping you assess, develop and implement an exit strategy. Solvent liquidations require tax planning, we provide the framework and advise necessary to reduce costs and streamline closure.
For the company unable to continue due to creditor pressure, funding withdrawal, cash flow constraints or many other factors; a forma insolvency allows for an orderly wind-up of the business or may even offer a means of restructuring the business operations and allowing the business to continue. Through formal insolvency, the company will be immediately protected from creditors. We offer complete bankruptcy protection services and insolvency services through the Companies Creditors Arrangement Act, the Bankruptcy & Insolvency Act, Court appointed or privately appointed Receiver or Interim Receiver under the Bankruptcy & Insolvency Act.