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What Happens When Your Business Declares Bankruptcy?
23/10/2014
Debt Solutions
If you are an entrepreneur, you understand there are countless factors that can impact on the success of a business. If you have experienced the stress and pain of a failed business venture then you’ve learned that the nightmare doesn’t end the day you close the doors.
Status of Agriculture Industry in Canada
24/04/2020
John Haralovich
All industries have threats that will affect the success or failure of a business. The Agriculture (“Ag”) industry is no different and some would suggest it has more threats that could affect farmers than a typical manufacturing business.
Your Corporate Financial Health and the COVID-19 Crisis
17/04/2020
COVID-19
Lifestyle Debt
The COVID-19 pandemic and catastrophic collapse in oil prices have devastated organizations across the country and around the world. Businesses that have never experienced financial difficulties before are suddenly facing all sorts of new and frightening questions.
Par for the course: Considerations for a golf course insolvency
21/03/2024
Eric Sirrs
Debt Solutions
Bankruptcy
If you have golf course clients struggling financially, be prepared to navigate their unique insolvency needs.
The Invaluable Role of Your Chief Restructuring Officer
10/11/2016
Raoul Heredia
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 Arrangement Act), NOI (Net Operating Income), Proposal, BIA (Bankruptcy and Insolvency Act) and Chapter 11 to the ordinary citizen.
WEPPA Changes on the Way
24/06/2019
Sheldon Title, John Haralovich
Bankruptcy
In an article written for Rebuilding Success, MNP LTD’s Sheldon Title, CIRP, LIT, CPA, CA and John Haralovich, CIRP, LIT, CPA, CA, CMA, CFE, recently discussed federal changes to the Wage Earners Protection Program Act (WEPPA) and what increased payments and eligibility adjustments mean for Canadian debtors and employers.
SCC’s Final Word in the Redwater Energy Corp. Bankruptcy
24/04/2019
Sheldon Title
The question of who pays for the environmental clean-up of a bankrupt company is one that has dogged Canadian insolvency practitioners for years.
After Redwater: What Now?
07/02/2019
Victor Kroeger
According to a recent Supreme Court of Canada decision released on Thursday, January 31, 2019, the assets of insolvent exploration and production companies must go first to reclaiming abandoned wells before paying creditors.
The importance of viability assessments — for both creditors and debtors
06/12/2021
Paul Pettigrew
Both parties in a creditor-debtor relationship benefit from clear communication, mutual respect, and a shared understanding of the facts. Viability assessments are one tool for achieving that.
MNP Acquires PwC Personal Insolvency Practice in Atlantic Canada
29/02/2016
Grant Bazian
MNP LTD. will acquire PwC Debt Solutions, the Atlantic Canada Personal Insolvency practice of PwC Canada (PricewaterhouseCoopers LLP) effective March 1, 2016.
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