Our Services
Comprehensive solutions for Canadian businesses facing financial challenges.
Know Your Options
Knowing your options is critical and the first step in figuring out the best path forward for your business. Many times, it is also the hardest step to take.
During the Know Your Options Assessment, we will ask a series of questions relating to your business and its financial situation. You will then be provided a dynamic report based on the answers you have provided. The Situation Summary report will provide an explanation of the options available and several key practical and legal considerations as you navigate this complex process.
You may decide this information is enough for you to know what to do, or you may want to take it to your trusted lawyer, accountant, or financial advisor to discuss. Any of these options is fine and we encourage you to do that — the big thing now is to get help.
Deciding how to proceed is potentially the biggest financial decision you will make. It has implications not only on your business but you personally. We urge you to take the time needed to make the right decision and obtain the professional advice and support you need. The key thing to note is there are almost always more options than you think — and all need to be understood and explored.
Business Debt Restructuring
Small to medium-sized businesses in financial distress face a very unique set of immediate challenges. Most business owners are not trained in financial restructuring. This is a time for timely decision making and a proactive approach to the financial challenges facing the business.
CTG's approach is to immediately stabilize the situation and quickly develop effective plans to ensure short-term survival and set the business up for long-term success.
The settlements we've achieved assisting the restructuring of debts for our corporate clients averages 25% of original debts owed.
Insolvency and Business Closure
Bankruptcy is the most severe remedy and, in most cases, the last option to consider. However, sometimes bankruptcy is the most practical alternative. It is a very technical process that can favor the creditors, and without proper representation and support, it can be an exceedingly difficult process for the business owner(s).
With careful planning, it can resolve the financial crisis of the company and minimize personal liabilities.
Learn more about insolvency optionsDynamic Online Assessment
Complete the assessment form to receive a corporate summary review covering key financial and legal aspects.