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

Many business owners reach out to me for restructuring advice. On every consultation my first question is “is your business incorporated?”

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

The partners and team members would like to congratulate Derek Cramm, FCPA, FCMA, FCIRP, LIT, Partner and Senior Vice-President, MNP LTD, on his retirement at the end of May 2021.

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 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.

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.

A recent survey completed by AlixPartners identified that the retail industry has been and will continue to be, the industry in the US most impacted by technology disruption.

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.

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.