Corporate Proposals

When this is the most viable option, we can recommend proposals that are worthwhile and acceptable to all parties involved. The purpose of a proposal is to keep your business running, preserve jobs, allow corporate restructuring, maintain your clientele, etc.

A proposal has many benefits:

• Your company is protected from any seizures.
• The debtor maintains seisin of its property and continues operations.
• Assets are frozen.
• All recourse by creditors is suspended.
• No proceedings may be initiated, with some exceptions.
• Administrators are discharged from their statutory responsibilities for unpaid government debts (GST and PST).
• Commercial leases can be cancelled under certain circumstances.