Restructuring and Insolvency
When a business is in the midst of financial distress, understanding the available options and determining the optimal course of action can be daunting and challenging. The corporate Restructuring and Insolvency Group at Fuller Landau works closely with business owners and executives to create pragmatic solutions that address the needs of all affected stakeholders. It is a stressful time for all involved – our goal is to offer stability and peace of mind throughout the process.
Our clients are companies in transition resulting from sales declines, customer attrition, competitive changes, or recurring losses. We also work closely with financial institutions, lenders, and investors managing non-performing loans or investment positions, and other stakeholders including industry associations, suppliers, and employee groups.
Our Restructuring and Insolvency team is made up of Chartered Insolvency and Restructuring Professionals (CIRPs), Licensed Insolvency Trustees (LITs), and active members of the Turnaround Management Association. With years of experience across a wide range of industries, we are skilled at recognizing options and opportunities within the statutory insolvency and restructuring framework for the benefit of our clients.
We can help with in-depth viability assessments and analysis of creditor risk; formal appointments as Receiver, Interim Receiver, and Licensed Insolvency Trustee; business restructuring and reorganization; developing and monitoring proposals made by insolvent debtors, and everything in between.
Contact our Restructuring and Insolvency team today, to learn how we can help.
- Formal Insolvency Appointments
We act on behalf of creditors seeking a statutory resolution of non-performing business loans or the use of a formal insolvency process to create a potentially viable business.
We are Licensed Insolvency Trustees and act as follows:
- Bankruptcy and Insolvency Act appointments:
- Private or court-appointed receiverships
- Interim receiverships
- Bankruptcies and proposals
- Companies’ Creditors Arrangement Act appointments:
Our professionals have a wide range of practical and industry experience, which allows us to recognize options and opportunities within the statutory insolvency and restructuring framework. We provide an exceptional level of service on each engagement, including timely communications with all affected stakeholders.
- Restructuring Services
We provide restructuring services to companies facing performance difficulties and financial challenges, and also assist professional advisors when their clients are experiencing financial difficulty. Our goal is to create a viable and profitable entity, improve capital structure and preserve value for stakeholders.
Our diagnostic assessment of business viability is focused on key performance drivers, operating metrics and financial structure, including an assessment of distressed asset values. We develop strategic turnaround plans and monitor performance for the benefit of our clients.
Our clients receive an unbiased assessment of the business’ operating and financial status and prospects. As well, we identify opportunities for improvement and assist in implementing changes throughout the process.
Using a hands-on entrepreneurial approach, our team applies our experience and expertise to develop restructuring solutions that are specifically tailored for your situation.
- Our services include:
- Diagnostic assessment of financial and operational functions
- Options assessment
- Management assistance and support
- Assessing financing needs, including sourcing alternative capital
Acting in a formal capacity pursuant to the Bankruptcy and Insolvency Act as Proposal Trustee or Monitor pursuant to the Companies’ Creditors Arrangement Act.
- Other Appointments
Our team specializes in helping navigate disputes amongst various stakeholders.
We act for directors, shareholders and other stakeholders as:
- Interim manager
We believe using a neutral party to assess issues and mediate conflicting interests is critical for the successful resolution of dispute situations. Our team provides stability, executive presence and reasoned judgment and expertise in complex circumstances.