LET US HELP WITH CORPORATE RESTRUCTURING IN OTTAWA AND ACROSS EASTERN ONTARIO
WHAT TO EXPECT FROM A CORPORATE REORGANIZATION
Financial restructuring involves increasing the capital of the business, which may, in turn, even provide relief in bankruptcy if it is organized in your company’s plans to rebuild. There are many ways to strategize in order to identify the best moves for the company and secure loans with your lenders. This may partially be determined by the assets of your company and their worth.
Meanwhile, operational restructuring involves making changes in how the company is run―possibly by acquiring or merging with another business and working together with its executives and employees. It may alternatively mean cutting certain areas of the business that are no longer profitable in an effort to save money on expenses that do not have a good rate of return. You may also want to reorganize positions within the company or add new leaders. Operational restructuring can alter various aspects of the business, such as departments, day-to-day processes, office locations, and even the computer systems, or ownership and CEO.
A federal law, entitled the Companies’ Creditors Arrangement Act, protects businesses from creditors to whom they owe more than $5 million for a short period. As a result, businesses will have the opportunity to restructure, both operationally and financially, without worrying about a potential foreclosure, bankruptcy, or asset seizure.
The outcome of corporate restructuring in Ottawa can range from selling the business and merging with another, to being bought out and selling assets. Your company may also continue to operate while filing for bankruptcy, if needed.
RESTRUCTURE YOUR BUSINESS WITH A LICENSED INSOLVENCY TRUSTEE
With so many aspects to consider, it is helpful to have an experienced professional to offer advice against a potential takeover. D. & A. MacLeod Company Ltd. has worked with numerous organizations on financial and operational restructuring to help them recover from debt, insolvency, bankruptcy and other significant issues that often affect businesses.
Corporate restructuring solutions are designed to help businesses in Ottawa and Eastern Ontario correct financial problems within a company to avoid bankruptcy, insolvency, and seizure. With multiple locations and over 70 years of experience, we are a trusted source of information for corporate financial instability.