Increased costs, rising taxes, and a changing consumer landscape all have the potential to take away from a business’ bottom line. Other unexpected events such as lawsuits, financial mismanagement, and a tough economy can also leave a company in a perilous financial situation.
No matter your current corporate financial situation, Charles Advisory Services has the knowledge and experience to guide you through the available corporate debt repayment options, and manage the process for you while you strategize for the future.
Corporate Debt Restructuring
As a licensed insolvency trustee, Robert Charles has the skills and experience to examine all your debt repayment options, including the filing of a Division 1 proposal.
During our initial meeting, we’ll take a close look at your business finances and total corporate debt. Based on your situation, we’ll develop strategies that will allow corporate debt restructuring while keeping your business afloat and avoiding insolvency.
Charles Advisory Services promises to look at every possible scenario and provide firm and steady guidance throughout the research, planning, and deployment phases of your corporate debt repayment solution.
What is Corporate Insolvency?
If your business is no longer profitable, owes more money than it brings in, or keeps needing investments from your personal savings, it might be time to consider closing the company.
When there is no alternative to insolvency to pay back your corporate debt, we’ll start the bankruptcy process right away to stop unwanted contact from creditors, or legal actions they may be taking against you.
A licensed insolvency trustee since 2004, Robert Charles understands the rules and guidelines set under the Bankruptcy and Insolvency Act of Canada, and will use these guidelines fairly and in a manner that protects your rights.
The Bankruptcy and Insolvency Act of Canada is in place to make sure that the corporate insolvency process is fair, orderly, and above board. The Act itself is fairly complex, as is the insolvency procedure. With our in-depth knowledge of the Act, as well as our vast experience working within its rules and guidelines, we’ll make sure that every provision is explained to you.
As soon as we file for bankruptcy on behalf of your business, we’ll handle the liquidation of your business assets. If your business is incorporated, your personal assets will be protected from liquidation. If you are a sole proprietor or part of a partnership, many of your personal assets may be exposed. We’ll make sure that you’re fully aware of which assets are protected and what may be subject to liquidation.
Depending on your particular situation, the corporate insolvency process may take a long time to complete. Our team is with you for the long haul, making sure every detail is covered and that you’re fully aware of the current status of the insolvency.
With Charles Advisory Services’ assistance, you’ll have time to get back on your feet, make a fresh career move, and begin earning again as soon as possible.
Corporate Debt Services in Toronto
If it’s time to examine options for corporate debt restructuring, corporate debt solutions, or business closure, Charles Advisory Services has the experience and know-how to manage your solution in a way that benefits you the most. Let our team take care of dealing with creditors, liquidating assets, and filing paperwork so you can concentrate on the next step in your business and career.
Since 2006, Charles Advisory Services has provided Division 1, corporate debt restructuring, and corporate insolvency services to businesses in Toronto. Founder and Licensed Insolvency Trustee Robert Charles has helped hundreds of individuals, families, and businesses manage their debt situation with the personal service that only an independent licensed insolvency trustee can give. With Charles Advisory Services, trusted corporate debt solutions are just a phone call away.
If your business is in financial trouble and you need to explore a corporate debt solution, contact Charles Advisory Services today for a free consultation!