Creditor Services

If you, or a client you are representing, are concerned about collecting payments from debtors or the status of your security, MNP may be engaged to act in informal and / or formal proceedings on your behalf. From the assessment of an organization’s current financial health to serving as an informal and / or formal, court-appointed receiver, we maximize recoveries while minimizing administrative hassles.

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Business Review

At the request of a company’s primary secured lender, MNP may be engaged to review the company’s current financial position and future business prospects, including an analysis of the secured creditor’s security position and the status and priorities of other creditors.

Business Review

Monitor Appointment

When a company is in the process of implementing a strategy for turnaround, an MNP professional can serve as a monitor on behalf of a secured creditor. In these situations, the business often faces conflicting, regular demands from stakeholders.

Monitor Appointment

Interim Receiver

When a company’s assets and / or a creditor’s security may be at risk, MNP can be appointed by the Court as Interim Receiver.

Interim Receiver

Receivership

MNP assists creditors in protecting or liquidating the assets they hold as collateral or operating and selling the business as an ongoing concern vis-à-vis a private or court-appointed receiver.

Receivership

Bankruptcy

In situations where a company refuses to voluntarily make an assignment in bankruptcy, one or more creditors may apply for a court-ordered bankruptcy.

Bankruptcy