Debt Restructuring, An Alternative to Bankruptcy

Course Description

Running a small business has become increasingly expensive. Inflation, rising interest rates and costs have left many small businesses operating with increasingly fine margins. More and more entrepreneurs are now seeking ways to weather the storm and keep their business open. Loans are one of the most popular options, but what happens when you run into difficulties repaying?

Understanding your options around insolvency has never been more important. Join Jonathan McNair, CPA, Chartered Insolvency and Restructuring Professional and Licensed Insolvency Trustee from Crowe MacKay LLP, and discover the debt restructuring options available to help keep your business afloat. Understand the formal (and informal) options at your disposal, and how almost every financial problem has a solution.

What Will I Learn?

• The relationship between incorporation and personal liability, and what it means to provide a personal guarantee for a business
• The warning signs of insolvency and the importance of developing a proactive mindset to avoid it
• Important concepts such as secured vs unsecured creditors, deemed trusts, forbearance, insolvency, receivership and bankruptcy
• Critical factors and steps in a formal restructuring of your business in the face of severe financial hardship

Presented By

Jonathan McNair

You will receive the Zoom link for the webinar  before the start time.  Missed the live session? No problem. All registrants will receive access to the recording for seven days after the live session.