Asset-Based Lending (ABL)
Asset-based Lending, a type of loan based on the value of the assets offered as collateral. An interesting tool for growing companies and those undergoing restructuring.
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The Directors’ Liabilities in Case of Bankruptcy
The Directors of a corporation may be held personally liable of certain debts of the corporation. Upon the foreclosure of a corporation pursuant to a bankruptcy or receivership, should these…
Profitable & On The Brink of a Financial Abyss
Is it possible for a profitable, growing business to experience financial difficulties? Absolutely. Let’s take a look at this fictional company: it has seen its revenues grow at a rate…
The Costs of Insolvency
As previously mentioned, insolvency and/or financial difficulties rarely happen unexpectedly. Several signs warn business leaders that such a situation is on its way. Unfortunately, these signs are frequently ignored. Often,…
Slippery slope? Be aware of the warning signs!
Leaders often refuse to face the fact: their business is on the brink of a financial abyss. This situation materializes over time and rarely unexpectedly; it is often the result…