Corporate Debt Solutions
Powell Associates Ltd. brings extensive experience in a wide variety of industries, from small owner-operated businesses to large business organizations.
Let us help you.
Call us at 506.638.9220 or send us a message so that we can contact you.
Assets for Sale
Managing corporate insolvency can be highly time sensitive. There are often many stakeholders who will be impacted and who will have influence over the insolvency proceedings including secured and unsecured creditors, owners, guarantors, employees, suppliers, customers, landlords and others. Often there are competing interests with the most significant one being secured creditors seeking to seize and realize on their collateral pitted against a business trying to remain viable.
Experience is key to understanding the various stakeholders’ interests and charting a path through a restructuring or liquidation. Powell Associates Ltd. has that experience.
Liquidation can be managed through a Corporate Bankruptcy, Corporate Proposal, Receivership or a combination of proceedings. Restructuring is typically managed through a Corporate Proposal but can also be managed though a proceeding under the Companies’ Creditors Arrangements Act (the “CCAA”).
“If you have been served with a 10-day Notice of Intention to Enforce Security, act immediately to consult a Licensed Insolvency Trustee. Letting the 10-day period expire will result in giving-up the ability to seek creditor protection from the issuing creditor.”