Do You Know a Business in Financial Distress?

When a business is dealing with more debt than it can manage or struggling to keep up with financial obligations, it may be time to seek assistance. Having a full understanding of what options are available can be challenging. Should it be restructuring? Receivership? Liquidation?

See where a business would fall on our crisis meter:

Do You KNOW A Business in
Financial
Distress?

See where a business would fall on our crisis meter.

When a business is dealing with more debt than it can manage or struggling to keep up with financial obligations, it may be time to seek assistance.

Having a full understanding of what options are available can be challenging. Should it be restructuring? Receivership? Liquidation?

USE THE CRISIS METER

The Crisis Meter

Crisis Management

MNP LTD. can assist in identifying the crisis, remapping and changing the course
Remedy the crisis

There is trouble, but they aren't actively working to correct it

Management may be unaware of crisis or is refusing to deal with it
MNP called to assist
MNP team identifies potential crisis

Client is remapping their debt repayment strategy

MNP team works to assist management to identify alternatives to resolve the crisis and develop pro-active decisions, before outside parties react

Change the Course

Use of MNP team to help companies in changing their course of action effectively

Crisis Management

External parties who have an interest in Company become aware of potential crisis
Remedy the crisis

Lenders have lost confidence in the Company and its shareholders

Lender takes action such as special loans
Confidence may be lost by Lenders and alike
Opportunity for voluntary restructuring may be lost
MNP team works with Company to develop a strategic and direct plan of action

Immediate Restructuring

External parties start to develop strategies to protect their interest in Company assets
Remedy the crisis

Review Assessment

Lender appoints external Trustee to assess clients future

Monitor

MNP acts as external monitor to review results and reports to the Lender
Decision to continue may be lost

A corporate proposal to repay debts is being drafted

MNP participates in the formal proceedings required to bring confidence back with external parties
MNP works with both the business and lenders to come up with a fair resolution

Corporate Liquidation

External parties have lost confidence in the Company and Management and move to protect their interests
Remedy the crisis

Assets are being liquidated

Company assets sold off to satisfy secured claim
MNP works with the company shareholders to decide on the future of the business

They are in receivership

Going concern sale
MNP Trustee can help business understand all of the mechanisms and legislation involved in receivership

Bankruptcy

Too late for the Company to resolve issues
MNP can administer the bankruptcy estate in a transparent manner according to the provisions of the Bankruptcy and Insolvency Act (BIA).

At MNP Ltd., our Corporate Recovery & Restructuring team works collaboratively with businesses and creditors to develop effective strategies to meet the needs of all stakeholders.

Our team is agile and responsive.

As one of Canada’s leading firms in Corporate Recovery & Restructuring, our team understands that when a business falters, it’s important to identify their options as soon as possible so they can choose the best course of action moving forward.

We recommend customized approaches.

We provide a customized approach to every engagement, helping our clients and their organizations overcome the challenges they face by developing strategies that meet the expectations of all stakeholders and are aligned with the objectives of the business.

We know what works and doesn't work in your industry.

Each industry is complex and comes with its own nuances. For that reason, we continually invest our time and resources into fully understanding the key industry segments our clients operate in.

We've helped people all across Canada.

Strategically located in both rural and urban communities from coast-to-coast, MNP’s comprehensive suite of professional and advisory services and local market insights ensures we are able to provide the in-depth expertise needed to develop the most effective solutions available.

Financial Crisis Resolution

MNP can assist businesses in crisis with strategies that will allow them to achieve a positive resolution.

Know of a business in financial destress?

To discuss a specific business crisis please provide your contact information and location by clicking the button below.

CONTACT A PROFESSIONAL

Want to learn more about our Corporate Recovery and Restructuring services?