Insolvency and restructuring

In the current economic climate, it is crucially important to know how to navigate the world of insolvency and restructuring, whether you are the debtor, creditor or interested party.  Mazars in Canada provides experts who can help assess the implications of an insolvency to you, provide concrete plans and follow them through to achieve the best possible outcome in the circumstances.

Bankruptcies

Our team provides the resources and support needed to file for personal or corporate bankruptcy.  We will act the Trustee in Bankruptcy in straightforward and honest manner in order to ensure a fair and complete administration of the bankruptcy.

Our team is ready to act on behalf of debtors who wish to file a voluntary bankruptcy as well as on behalf of creditors who wish to take bankruptcy petitions against companies and individuals.

In all bankruptcy engagements, we act with due care and diligence to ensure all parties are aware of their rights and responsibilities.  We ensure an efficient and cost-effective administration, while ensuring all necessary steps are taken appropriately and correctly.

Proposals

Any households can fall into financial difficulty.  We are here to help individuals and families find the right balance between protecting themselves and making a fair compromise with their creditors.  No matter the amount of your debts, we can help you to find the right solution to get back on track financially.

Even the best-managed businesses can fall into financial distress.  Our experts are here to help you evaluate your business’s finances and operations to restore profitability and compromise with your creditors to preserve value and ongoing operations.

Consulting

Sometimes people and companies need help to understand their options, outside of bankruptcies and proposals.  Sometimes it is important to understand the implication of existing obligations and how they might affect you or your company in the future.

This is important not only for debtors, but for creditors and new businesses as well.  We are here to help you analyze your situation and determine how to move forward to the best possible outcome in the given circumstances whether they involve:

• Informal Negotiations
• Liquidations (Receivership)
• Asset based lending evaluations
• New Business Orientation