Restructuring & Turnaround

Manage negatively changing market conditions to alleviate financial and emotional pain.

Right Direction

Changing global market conditions can quickly impact your company’s performance and cause financial strain.

From the identification of the risks related to these changes to the assessment of their impact, Chartered Insolvency and Restructuring professionals (“CIRP”) are able to advise you on the various measures required to avoid or remedy them depending on the specific case.

With this insightful, timely and practical advice, a company can be oriented in the right direction. A designated CIRP provides this advice while being aware of the psychological impact that a precarious financial situation may have on you, your company or your clients.

Restructuring

Financially troubled corporations can avoid bankruptcy, foreclosure or seizure of assets. Licenced Insolvency Trustees (“LIT”) will assist in this process by helping the company prepare a proposal or formal plan to creditors, produce reports for the courts, and provide information to the creditors regarding the claims process.

Insolvency

A LIT will administer bankruptcies and manage assets held in trust for the benefits of creditors. They will also take the lead in liquidating and selling the assets on behalf of secured creditors under receiverships. Management and lenders will be advised as to their options and LIT’s will recommend the best solution.

Asset Evaluation

(For The Bank/Lenders)

Field Examiners for Asset-Based Lenders

The professional field examiners require a wide range of collateral evaluation experience, together with audit experience in accounting and banking backgrounds. Field examiners understand the lender’s viewpoint and provide them with an accurate and comprehensive report that addresses credit risks that lenders face in a timely manner.

Collateral Evaluations

Collateral evaluations are often commissioned by banks looking to know the exact value of a company’s short-term assets (inventory and accounts receivable) needed to act as collateral for a loan. Qualified evaluators will be able to assess the collateral value of such assets and report both to the lender and the corporate management team. They will also recommend courses of action if the collateral is insufficient for the borrowing facility.

Viability Assessments

Lenders will often require a viability assessment to assist them in making loan decisions. Using the current lending policies for specific borrowers, the professional will do a thorough review of a company’s receivables, inventory and cash flow projections to assist both the borrower and lender address their specific needs.

Business & Strategic Planning, Including Exit Strategies

Knowing where you are at today and determining where you should be tomorrow are vital to the long-term success of any organization’s existence and maximize its value. All businesses should have an exit strategy, be it selling to family or a 3rd party, a management buy-out, or even wind-up and dissolution. Each of these exit strategies may require a different approach, and each will surely have a different effect on the family unit – financially or otherwise.