IS RESTRUCTURING THE ANSWER? FIXING A BUSINESS IN DISTRESS.

You have come to a point where ‘business as usual’ is no longer an option. It is unclear what your next move should be or just how you’re going to make it through the next payment cycle, let alone see the next quarter. What’s your next step? How will you manage this crisis? When it comes to a business in distress, as tempting as it may be to ignore, the problem won’t fix itself. Whether the solution calls for an informal restructuring or an assignment in bankruptcy, a formal restructuring under the Companies’ Creditors Arrangement Act, or a proposal under the Bankruptcy and Insolvency Act, we get to know the business and its challenges, and help put things into perspective. We assess and identify the options and guide you to the optimal solution in an objective and professional manner.

We grasp the seriousness of your situation and try to resolve it in the most beneficial and least disruptive way. This may involve raising new capital, disposition of surplus assets, negotiations with secured and unsecured creditors, unions or other important stakeholders, including board of directors, lenders, suppliers, employees, etc. Our professionals regularly appear before the courts in connection with and in support of restructuring proceedings. As court officers, we act objectively through all facets of the restructuring. Our team can assist with:

• Cash flow
• Liquidity crisis
• Crisis management
• Devising, implementing communication programs
• Assistance in dealing with various stakeholders.

Businesses face challenges every day that can make them vulnerable to a crisis. When a disruptive event has a negative financial impact on your business, it can be difficult to navigate the varying priorities and interests of the business and its stakeholders. Some risks are readily identifiable such as the loss of a major customer or the impact of litigation, but other situations are harder to foresee and can have just as much of an impact on your business such as the impact of global market events or changes in regulations.

Richter’s trusted advisors have a wealth of experience in responding to all situations and can help you. We work closely with executive management and other stakeholders to design bespoke strategies to assist them in facing their crisis and preparing for potential changes in the business. Our professionals have handled some of the most complex restructurings in Canada. No matter the situation, there is a solution. We are here to help you find it.