Business Debt Restructuring
Formal and informal restructuring to help your business survive and thrive.
CTG can develop turnaround plans tailored to your specific and unique circumstances.
Small to medium-sized businesses in financial distress face a very unique set of immediate challenges. Most business owners are not trained on financial restructuring. This is a time for timely decision making and a proactive approach to the financial challenges facing the business.
CTG's approach is to immediately stabilize the situation and to quickly develop effective plans to ensure short-term survival and set the business up for long-term success.
CTG represents its clients, not their creditors, to find the most effective solutions for the business and the business owners, while helping them to avoid bankruptcy.
The settlements we've achieved assisting the restructuring of debts for our corporate clients averages 25% of original debts owed.
Informal Business Debt Restructuring
This solution requires negotiating directly with each creditor, supplier, and potentially CRA. The end result can achieve a one-time settlement of delinquent debt, modification of secured lending agreements, or a new payment arrangement with CRA.
Formal Business Debt Restructuring
Division One Proposal (BIA)
The Bankruptcy and Insolvency Act allows financially troubled corporations owing less than $5M the opportunity to restructure payment terms with creditors. This allows the company to stay operational during the restructuring and provides protection from creditors under the BIA.
CCAA
The Companies' Creditors Arrangement Act is available to larger corporations with amounts owing to creditors more than $5 million. The CCAA also allows a company to address its shareholders in addition to its creditors.
Dynamic Online Assessment
Complete the assessment form to receive a corporate summary review covering key financial and legal aspects.