Business bankruptcy numbers are increasing in Canada at an alarming rate, and the situation may soon worsen. Small and medium-sized businesses struggling to survive the pandemic now find themselves with waning government support, increased costs and supply chain problems.
Corporate debt Services in Ottawa & virtual locations throughout Ontario
At D .& A. MacLeod Company Ltd., we understand what it takes to get out of financial difficulty and how to deal with insolvency and restructuring situations. With over 70 years of expertise, we know the intricacies of the many corporate recovery options available to you and your company. Our client-focused approach also ensures that we will help you to determine what the right course of action is for your financially struggling business.
Experienced Licensed and Insolvency Trustees
We have a reputation for excellence across Ontario. Our trustees are skilled in finding the right solution for your situation or particular corporate financial distress. Depending on your unique circumstances, we can help you prepare corporate proposals, receivership or bankruptcy documentations. We can also advise you on other corporate recovery options you may not yet be aware of. With careful analysis and solid financial planning skills, our trustees can assist you in preparing restructuring solutions to address your current financial problems and to protect yourself from further fiscal misfortune.
We’ll Help You Choose the Right Option for Your Business
There are multiple options available to you, but knowing which is best for the situation you are facing is difficult if you are not aware of the ramifications to each alternative. With D. & A. MacLeod Company Ltd., you can be confident that you will have all of the information you need to make the best decision possible for your particular circumstances. Some of your corporate options will include:
Corporate Proposals
Corporate proposals allow a business to resolve its financial situation without declaring bankruptcy. We can help you file a Division 1 proposal and navigate the application process. Our firm has over 70 years of helping you with corporate financial services in Ottawa.
Corporate Insolvency
If your company is facing insolvency, it can make meeting your financial obligations more difficult than ever before. A business’ survival depends on so many elements and that can cause financial stress for you. Reach out to D. & A. MacLeod Company Ltd. for help with corporate insolvency and insolvency counselling.
Corporate Restructuring
Financial restructuring may be the only option to re-establish the stability of your company. Our team has the expertise necessary to help you evaluate the state of your organization and guide you through the restructuring process.
Let Us Help You Find a New Beginning ™
Contact us today for a free and confidential consultation. Our Licensed Insolvency Trustees at D. & A. MacLeod Company Ltd. can provide assistance with corporate insolvency and financial services in Ottawa, Smiths Falls, Brockville, Pembroke, Cornwall, Kanata, and Kingston. You can reach us by filling out one of our online forms or calling us directly at 613-236-9111.
READ MORE ABOUT BUSINESS DEBT
-
-
08/02/2022How Filing for Personal Bankruptcy Can Affect Your BusinessRead MoreFiling for personal bankruptcy can negatively affect your business, depending on how it’s structured. Before filing, you should be aware of all the possible implications that bankruptcy can have on you and your company.
-
08/12/2021How To Protect Yourself If Your Business FailsRead MoreOpening a small business comes with risks. In fact, 50 per cent of small businesses fail in the first five years. In this case, a bank or other creditor could seize your personal assets and life savings if your business goes under. The good news is, there are ways to protect yourself if you’re a business owner.
-
08/12/20215 Things You Should Know About Corporate RestructuringRead MoreA business may require corporate restructuring for a variety of reasons. For example, the company may have financial problems and want to avoid corporate insolvency or seizure. Corporate restructuring is a lengthy process that involves difficult decisions but can ultimately save a company from going under. If your business is in trouble, here are five things you should know about corporate restructuring.
-
24/11/2020How a Small Business Can Deal with Debt During COVID-19Read MoreSmall business owners in Ontario need to take action to avoid falling into crippling debt during the COVID-19 pandemic.
-
24/07/2020Am I Liable for my Wife or Husband’s Business Debt?Read MoreIf your spouse has accrued considerable business debt, you may be asking yourself how this impacts you. In order to answer this question, it’s important to understand how business debt works in general and also how debt works in a marriage. Here’s what you need to know.
-
16/08/2016Saving Money for Your Business in Eastern OntarioRead MoreRegardless of the size of your company, having management information tools in place will assist you and any other shareholders of your company in better managing cash flow issues within your business. Understanding how to manage expenses wisely to avoid financial pitfalls and grow the profitability of your business requires time and effort.
-
20/06/2016Unincorporated Small Business vs. Corporate Bankruptcy: How Do They Differ?Read MoreIt is always important to make an informed decision when it comes to bankruptcy, as this option should be the last consideration if you or your business is struggling financially. Depending on the size of your business, the processes may differ. When making a decision about your financial situation, you will want to speak to a Licensed Insolvency Trustee (LIT) in the Ottawa Area to learn about your options.
