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Ultimately, the purpose of any business is to make a profit. The value of any business is largely determined as a multiple of its profit or cash flow.

The number of corporate reorganizations that have taken place in the past decade has increased significantly in Canada. There have been several high-profile transactions that have raised the level of awareness of terms such as CCAA (Companies’ Creditors...

There are many reasons why a business may find itself facing financial. Contributing factors can trigger a host of underperformance issues including declining earnings, liquidity and cash flow concerns, and stakeholder pressure. To a large extent, demand...

MNP LTD. will acquire PwC Debt Solutions, the Atlantic Canada Personal Insolvency practice of PwC Canada (PricewaterhouseCoopers LLP) effective March 1, 2016.

This is a question that gets asked quite frequently in insolvency files. Do we have any rights? If so, what are they?

The Personal Property Securities Act (the “PPSA”) is a provincial statue used to regulate and enforce security. It provides the mechanism for managing priority of competing security interest.

Given today’s economic climate, the challenges oilfield services companies are experiencing as they to stay afloat is certainly not surprising news.

If you are the owner of a small business that has fallen on tough financial times, given the current economic downturn, you are certainly not alone. This doesn’t make it any easier.

Most Canadian corporations have well-documented policies and procedures regarding governance, strategy and risk management. That being said, financial distress can still occur and the corporation’s Directors play an essential role in detection and...

MNP’s Take: As we enter a recession, Canadians are struggling now more than ever to maintain control of financial responsibilities and increased debt loads. With the Canadian dollar experiencing a significant downturn and a global struggle for economic...