
VANCOUVER:
604-821-9882
303-700 W. Pender Street
Vancouver, BC V6C 1G8
604-821-9882
RICHMOND:
6080-8171 Ackroyd Road
Richmond, BC V6X 3K1
SURREY
300-9850 King George Blvd.
Surrey, BC V3T 4Y3 (King George Hub)

Informal Proposal
An informal restructuring proposal or turnaround could be viable for companies with less complex issues and few creditors. It is important to recognize the early warning signs of financial difficulty. Informal workouts have a greater chance of succeeding if they are implemented when your business is viable and before your finance problems become too serious. It is critical that your creditors do not lose confidence in your business.
We can assist you with the following:
- Reviewing your business and recommend changes to improve operating efficiency, reduce overhead and improve your cash flow
- Preparing financial projections that are credible and developing a turnaround plan that is achievable
- Negotiating a Forbearance Agreement with your bank that will allow you to execute your turnaround plan
- Locating alternative sources of financing such as mezzanine or asset-based loans that may be acceptable to your bank
Informal workouts may not work if there is an insurmountable level of debt amongst a large number of creditors. This can be further exacerbated when certain creditors, banks or government bodies begin taking steps to recover their debt. In these circumstances, a Formal Restructuring may be required to resolve your financial problems.