When financial obligations go unmet, people of business and industry demonstrate their preference for looking ahead and taking action.
Financial trouble resonates through a business community.
The challenge of how to make the best of a bad situation is one faced by all parties to an insolvency. Depending upon whether you are the company or person in trouble, whether you are a lender, a supplier or other person who has an investment at risk, or whether you are a receiver or trustee engaged to help resolve the difficulty, your objectives and your options will vary considerably. The lawyers within our Insolvency Law Group have experience representing clients in all ofthese positions. As a debtor in financial difficulty, whether your difficulties relate to a specific creditor, a landlord or Revenue Canada, your goal is to get through the difficulty and out the other side. Potential solutions vary from a court protected or negotiated reorganization of your debt, to a voluntary receivership or bankruptcy.