Owning a Business and Facing Money Problems? There is Help Available Do you own a business? Have you ever wondered what would happen if you encounter financial difficulties? This article walks you through the intricacies of handling financial challenges as a business owner. We will explore several scenarios, including filing for consumer proposals, bankruptcy procedures, […]

Financial troubles can be a significant hurdle for any business, big or small. But before you consider bankruptcy, there’s another option that might help turn the tide in your favor. This option is known as a Division 1 Proposal, a legal process under the Bankruptcy & Insolvency Act of Canada, designed to help businesses regain […]

Will a Consumer Proposal or Personal Bankruptcy Deal with Business Debt? Unmanageable business debt can leave you in dire straits, leading you to contemplate choices like a consumer proposal or personal bankruptcy. But which option will truly alleviate your situation? In this article, we delve deep into the nuances of both these options and how […]

Understanding Corporate Debt Restructuring: An In-depth Guide Corporate debt restructuring, an often misunderstood concept, is a viable solution for organizations grappling with financial burdens. Despite the common misconception, it’s not exclusively for large corporations. Small businesses can take advantage of it as well. The main objective is to alleviate the company’s debt load and renegotiate […]