Is Your Business in Financial Trouble?
Businesses and their managers are being put to the test like never before. Shifting markets, new technologies, shorter business cycles – all put new pressure on skills and resources. Even a well-managed business can find itself in crisis, but there are plenty of business debt solutions.
As a Chartered Accountant and a Chartered Insolvency and Restructuring Professional, Colleen Craig understands these pressures. She and her team can help businesses and their creditors emerge from crisis with solutions built on broad support.
In 2008 and in 2014 the Canadian economy started to feel the pressure of the world economic volatility and many bushiness were rocked by this upheaval. Certainly, changes in the economy can adversely affect all types of business: from the small local business entrepreneur, to large multinational corporations. When the world financial markets experience large fluctuations, Canadian businesses can find themselves holding large corporate debts. Other internal and external pressures can also add to increasing levels of corporate debt, which may make it harder for business to manage their day to day operations and maintain a positive cash flow.
If your business is having financial trouble, you need to talk to an LIT bankruptcy trustee who can help you find debt solutions. Bankruptcy is not always the best course of action and business have other options. Talk to Victoria based Colleen Craig, federally Licensed Insolvency Trustee (formerly bankruptcy trustee) and Chartered Insolvency and Restructuring Professional, and find out which options are available to you!
Business Debt Solutions