Are you spending too much time putting out fires? Are you trying to manage your day-to-day cash flow as opposed to focusing on long-term strategic growth? Are your vendors knocking at your door or refusing to ship product? Is the bank threatening to call your loan?
Bankruptcy is Not Your Only Option
Businesses facing financial difficulties and distressing operational situations often have options available to them. Campbell, Saunders Ltd. understands that companies and business owners need to know all of their options as soon as possible. We can help develop a formal or informal restructuring and turnaround plan if action is taken early enough. When restructuring may not be possible, we can help clarify the options available to you and the impact on all stakeholders.
The Licensed Insolvency Trustees (“LIT”) at Campbell, Saunders Ltd. have assisted struggling companies across a variety of industries. We have successfully restructured many of their operations for continued viability and long-term success. We provide advice and support to distressed companies and their stakeholders that include formal engagements under the Companies’ Creditors Arrangement Act, Bankruptcy and Insolvency Act, or other legislation involving an appointment of a Monitor, Trustee, or Consultant. The involvement of a LIT, as an officer of the Court, adds transparency and credibility to the process.
Campbell, Saunders Ltd. also advises secured and unsecured creditors in distressed situations and provides advice that will assist these creditors in maximizing recoveries. We offer creative and effective solutions to stakeholders to resolve their financial problems.
Our services and types of engagements include the following:
We offer creative and effective solutions to stakeholders to resolve their financial problems.
There are three ways that a company can be placed into bankruptcy: a voluntary assignment by the company a Court...
When a company is in a distress situation, its bank may be applying pressure to meet working capital requirements and...
Division I Proposal (Formal Restructuring)
If an informal workout is not possible, there are formal options available under the Bankruptcy and Insolvency Act (“BIA”) which will allow...
An informal restructuring proposal or turnaround could be viable to companies with less complex issues and few creditors. It is...
Campbell, Saunders Ltd. has acted as a privately appointed or Court appointed Receiver or Receiver-Manager (“Receiver”) on behalf of banks...