There Are Options
Corporate Debt Solutions
At Crowe MacKay & Company, we understand that dealing with debt can be extremely stressful. With over 60 years of experience, we are committed to providing honest and objective advice during difficult times.
Businesses facing financial difficulties need to recognize their problems and explore their options. Drawing on our significant industry and sector knowledge, we are committed to providing our clients with creative, practical, and objective advice to resolve their financial difficulties.
Corporate Debt Services
Our team of experienced advisors can help you manage your debt by creating a customized plan for your business.
A customized restructuring will help you rise above financial obstacles and increase the organizational performance of your business.
We ensure you understand the procedures to protect the interests of stakeholders when considering bankruptcy.
For loan-related disputes and their potential impact on your affairs, our trusted experts will support you in recovering the maximum value.
How Can We Help You?
We have assisted financial institutions, creditors, businesses and lawyers in many aspects of insolvency, restructuring and litigation support. With the expertise to support you, some of the roles we have fulfilled for our clients include:
- Consultant in business reviews or ‘looksees’
- Consultant in informal workouts
- Trustee in bankruptcy
- Monitor pursuant to the Companies’ Creditors Arrangement Act (CCAA)
- Trustee in proposals under the Bankruptcy and Insolvency Act (BIA)
- Receiver and Receiver-Manager
- Forensic accountant or expert witness in litigation support matters
When facing financial difficulties, we recognize the importance of objective and professional advice. We tell our clients what they need to know to protect themselves and to preserve as much value as is reasonable in the circumstances.
Dangers of Delinquent Business Debt
Delinquent business debt can prove to be dangerous for your organization. While addressing financial uncertainties can be uncomfortable, not taking action can lead to serious consequences, including:
Creditors can take legal action against your business, which can further lead to legal judgment, fees, and penalties.
You may accumulate more debts and interest, compounding the situation.
The CRA can freeze your bank accounts and seize the funds on the charge of penalties and unpaid interest and taxes.
A secured creditor can appoint a Receiver to seize assets, resulting in the cessation of your business operations.
Equipment Lessors can also seize certain operating assets which are subject to their purchase money security interests.
What Are Your Options for Clearing Your Debt?
What Are the Alternative Debt Solutions?
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