National in scope and local in focus, MNP Ltd., through our parent firm MNP LLP, has an extensive network of specialists serving clients in numerous industry and specialty groups, including: Agriculture, Credit Unions, Forestry & Forest Products, Indigenous Services, Mining, Oil & Gas, Private Enterprise, Professionals, Public Companies and Real Estate & Construction.

There are many reasons a business may become insolvent, many of which are apparent long before it is rendered bankrupt or placed in receivership.

The persisting COVID-19 pandemic and economic instability continue to impact the global and domestic agriculture industries. MNP’s Spring 2021 Agricultural Industry Outlook helps you understand and track the trends so you can keep ahead of these rapidly changing environments.

Regardless of the types of creditors you owe, and how much you owe, you still have options available and the opportunity to maximize recovery to creditors and reduce personal financial liability.

A receivership is a remedy available for secured creditors to recover amounts owing under a secured loan when a debtor company is unable or unwilling to repay the outstanding debt.

The COVID-19 crisis has had significant impacts on businesses across Canada: From storefronts having to temporarily close due to physical distancing to public corporations who have seen a decline in share prices due to the economic fallout.