This post is written to help those looking in from the outside (bankers, lawyers, accountants, insurance agents etc.) spot when a client of yours may be experiencing financial difficulty and might need the help of insolvency professionals like us. Assessing whether your client is experiencing financial distress does not require access to detailed financial information, but rather facts which are readily available if you keep a keen eye and watch for them.
We always prefer to get called earlier – maybe we can help save the business by bringing in other MNP specialists. We often get called too late and are brought in wearing our insolvency/ restructuring hats.
Ian Schofield is a Licensed Insolvency Trustee based in our Regina location. To learn more about how MNP Debt can help, contact our local office at 306.790.7900.
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