Debtor Services

If your business is dealing with more debt than it can manage – or your financial institution or suppliers are pressuring you to make payments you can't afford – it may be time to seek assistance. MNP's debtor services can help you resolve financial issues with creditors efficiently and effectively.

Business Review

We conduct a comprehensive review of your company's current financial position and future business prospects – including an analysis of the status and priorities of secured and unsecured creditors.

Also known as a 'Look-See' or 'Viability Assessment', Business reviews are often an initial first step to developing a restructuring or recovery plan. They are often helpful to both your company and its secured lender(s) in arriving at a mutual arrangement for moving forward.

Corporate Restructuring – Informal Turnarounds

Our professionals leverage the comprehensive information gained through a business review to assist your leadership team in making key changes that will get you back on solid financial ground.

If you contact MNP in the initial stages of your organization's financial difficulty or underperformance, the turnaround is much more likely to be successful, eliminating the need for a formal legislative proceeding. Informal turnarounds are also highly beneficial because the process is private, whereas formal proceedings involve a court process.

Corporate Restructuring – Formal Proposal to Creditors

Depending on various circumstances, including level of debt, your company can obtain creditor protection in Canada 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, MNP develops effective proposals that are fair to the creditors and can reasonably be fulfilled by your company. We can lead the restructuring proceedings either as a Licensed Trustee under a BIA proposal or as a Monitor under a CCAA proceeding.


When your company's financial position has deteriorated to the point where a turnaround or formal proposal are no longer feasible, it may be appropriate to file assignment in Bankruptcy. While this option is a last resort, Bankruptcy prevents further distress by preventing subsequent losses to creditors and shareholders.

As a Licensed Insolvency Trustee, MNP can administer your bankruptcy estate in a transparent manner according to the provisions of the Bankruptcy and Insolvency Act (BIA) – Canadian Federal legislation which provides for the fair, transparent and orderly distribution of your bankrupt company's assets its creditors.

Resolve Your Financial Crisis

Take the first step toward helping your business make a full recovery. Reach out to an MNP Licensed Insolvency Trustee to discuss your options today. We look forward to helping you find the best solution to your most urgent challenges.

MNP Debt Blog



WEBINAR: MNP’s 2020 Agricultural Industry Outlook
Federal Financial Support for Businesses
Status of Agriculture Industry in Canada
John Haralovich
Your Corporate Financial Health and the COVID-19 Crisis

view all