Corporate Restructuring

If your business is dealing with more debt than it can manage—or your financial institution or suppliers are pressuring you to make payments you can’t afford—it may be time to seek assistance.

Fortunately, your local MNP LTD office is here to help every step of the way. MNP LTD has decades of experience helping businesses of all sizes and industries recover and regain control of their finances during times of economic distress. We’re here to provide the practical advice and personalized solutions your business needs to obtain the best possible results. Take the first step towards a better future: contact your local MNP LTD office today.

Step 1: Business review

We begin by conducting a comprehensive review of your company’s current financial position and future business prospects, including an analysis of the status and priorities of creditors. Taking the time to thoroughly understand your company’s position, industry, and needs is a vital first step to developing a personalized restructuring plan that meets the needs of all stakeholders involved.

Step 2: Choosing the best path forward

Our professionals leverage the comprehensive information gained through a business review to assist your leadership team in making key changes that will get you back on solid financial ground. Depending on your company’s unique circumstances, your options may include:

Corporate Restructuring: Informal Turnaround

If MNP is contacted in the early stages of an organization’s financial difficulty or underperformance, it is much more likely the turnaround will be successful, eliminating the need for a formal legislative proceeding. Informal turnarounds are also highly beneficial because the process is private, whereas formal proceedings are public and may be reported on by the media.
Corporate Restructuring: Formal Proposal to Creditors

In Canada, a company can obtain creditor protection, depending upon its level of debt, by either filing a proposal under the Bankruptcy and Insolvency Act (BIA) or a plan of arrangement under the Companies' Creditors Arrangement Act (CCAA). Bridging the gap between business owners, financial institutions, and other creditors, we assist in developing effective proposals that are fair to the creditors and can reasonably be fulfilled by the company. MNP LTD will lead the restructuring proceedings as a Licensed Insolvency Trustee under a BIA proposal or as a Monitor under a CCAA proceeding.
Bankruptcy

If your company’s financial position has deteriorated to the point where an informal turnaround or a formal proposal are no longer feasible, it may be appropriate to file assignment in bankruptcy. While this option is a last resort, this proceeding halts further losses to creditors and shareholders. As a Licensed Insolvency Trustee, MNP LTD can administer the bankruptcy estate in a transparent manner according to the provisions of the Bankruptcy and Insolvency Act (BIA). The BIA is legislation that provides for the distribution of the assets of the bankrupt company to its creditors in an orderly and fair manner.

Corporate Restructuring

Step 1: Business review

Step 2: Choosing the best path forward

We're here to help