Corporate Bankruptcy
Although it is only a last resort, bankruptcy is sometimes the most viable option. For example, when a company’s situation does not lend itself well to restructuring or when a company waits too long before consulting an insolvency expert, then bankruptcy may be the only solution.
As a bankruptcy company, our role mainly consists of liquidating company assets and distributing the proceeds to the various creditors in compliance with the Bankruptcy and Insolvency Act.
Bankruptcy will remove an enormous burden from the company’s administrators and managers and our trustees will be on hand to provide the right advice on dealing with the bankruptcy process.
Even in bankruptcy, it is possible to save some of the company’s jobs and operations to allow the company to start up again under better conditions, and without negatively affecting creditors.
