The causes of financial difficulties
We resolve. You restart.
Although every company is unique, there are a number of factors that can lead them to major or temporary financial problems. None of these causes is inherently bad. They all have their reasons and can be resolved with an effective strategy.
Remember that debt solutions do exist. With your help, our Licensed Insolvency Trustees (LIT) will analyse your business’ situation. They’ll talk you through the various solutions available and tell you about each one’s benefits.
Here are some common causes that lead to financial problems for companies of all sizes. To prevent major issues and financial losses, corrective action is recommended when the problems first appear.
If your company continues to experience financial difficulties, our professionals can help you rectify the situation.
Increase in competition
Reduction of clientele
Loss of a major client or contract
Increase in operation costs
Major industry changes
Disputes among partners
Departure of employees occupying key positions
Scarcity of labour
Major Force (loss, disaster, etc.)
Technology problems (equipment modernization is too expensive)
Misguided business decisions
Once you have detected financial problems within your company, it is essential to act soon. The quicker you intervene, the more accessible and effective the solutions to correct debt problems will be. With a strong strategy in hand, your company will be able to return to the path of profitability.
Here is how we can help you if your company is experiencing financial problems.
Prevent commercial bankruptcy
Guide and accompany you towards solutions to debt problems
Improve company profitability
Advenant le cas où une entreprise ne déposerait pas une proposition concordataire à l’intérieur des délais prévus à l’avis d’intention, celle-ci serait réputée avoir fait faillite. Un syndic autorisé en insolvabilité serait alors nommé pour administrer la faillite en question. Cependant, ce genre de situation se produit très rarement.
Règle générale, cela se produit lorsque aucun des scénarios de proposition envisagés n’était viable pour la compagnie ou bien que les administrateurs de celle-ci ont choisi de mettre fin aux activités de l’entreprise.
At any time, they are available to answer your questions and help you make the right decision.
Fill out our quick financial analysis form or the appointment form that follows for a consultation.
We will reply within 24 hours or on the next business day.