Powell Associates Ltd. brings extensive experience in a wide variety of industries, from small owner-operated businesses to large business organizations.
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”).