Most Recent 'Business Bankruptcy' Posts

Corporate Bankruptcies Canada: Bankruptcy is a common way for a small business that is trapped in debt to formally shut down the business. It is a way for a business owner to shut down the business and have a trustee handle the file so that all affected will know everything was done in a transparent manner. […]

Using CCAA to save a business The CCAA is the Companies’ Creditors Arrangement Act which is a federal law that governs insolvent businesses that have debts in excess of $5 million. When a corporation restructures their business under the CCAA they will receive short term protection from their creditors to give the business a chance […]

How to Save an Insolvent Company Save an insolvent company: Jack Taylor was driving into town early one morning to keep an appointment he and his CPA, Marjorie Soo, had with the Licensed Insolvency Trustee. He dreaded the meeting. The last six months had been the worst in his working life. Not only was his business on […]

Can a Business Proposal (Division I Proposal) Save My Business? Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation Call 877-879-4770 or Schedule Your Free Consultation A Business proposal is also known as a Division I Proposal under the Bankruptcy and Insolvency Act. If you are struggling with […]