Corporate Bankruptcy

Sometimes the financial situation of your business has deteriorated so badly that it is not possible to offer a viable proposal to your corporate creditors. Creditors may be instituting legal proceedings and taking seizures against the business assets, and/or your secured creditor may have filed a notice to enforce its security. An orderly manner by which to wind up the operations can be to file an assignment in bankruptcy with a Trustee. In this way, the rights of all creditors are respected under the Bankruptcy and Insolvency Act and an organized liquidation can take place.

Our professionals will guide you through the bankruptcy process and seek to maximize the proceeds of liquidation for your creditors.

We can help you by:

• Preparing the documentation to file the bankruptcy
• Advising you of your duties as an officer of a bankrupt corporation
• Liquidating the assets on a timely basis
• Handling all inquiries from your creditors, including former employees, trade suppliers and government authorities
• Preparing and submitting all reports required by government authorities