In Canada, a company can obtain creditor protection, depending upon its level of debt, by either filing a proposal under the Bankruptcy and Insolvency Act (BIA) or a plan of arrangement under the Companies’ Creditors Arrangement Act (CCAA). Bridging the gap between business owners, financial institutions and other creditors, we develop effective proposals that are fair to the creditors and can reasonably be fulfilled by the company. MNP can lead the restructuring proceedings as a Licensed Trustee under a BIA proposal or as a Monitor under a CCAA proceeding.
For more information contact an MNP office near you or meet with an MNP team member to see if formal corporate restructuring is the right solution for your business.
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