Debunking Five Fallacies About Financial Distress
From the outside looking in, the world of corporate restructuring may appear daunting and complex. However, there are many misconceptions about the process and what it entails. Nerina Jahja dispels some common restructuring myths and…
When Shareholders Revolt: Succession Planning and Disputes
Family business succession is complicated, even at the best of times, but becomes even more challenging when stakeholders refuse to play nice. Paul Denton shares a cautionary tale on how picking the wrong buyer can…
High Stakes: Understanding a Stalking Horse Sale Process
In simplest terms, a stalking horse process aims to find a buyer for a company's distressed asset. After an initial bidder is found, establishing a floor price, the process is opened to a potentially…
Once Partners, Now Enemies: How to Manage Shareholder Disputes
Disagreements between business partners are a grim reality when operating a private company. However, if these little squabbles snowball into full blown shareholder disputes, it’s time to seek help before it’s too late…
A Cautionary Tale in Bankruptcy: When HST Came Back to Bite
In the past 18 months, the CRA has become more active in reversing the input tax credits on HST payables for bankrupt companies, on the premise that underlying payables will not be paid. John Hendriks…
Operation Disrupt: How to Lead During a Crisis
Leadership is easy when nothing changes. However, change is constant and has the potential to be very disruptive to both your people and your business operations. Are you prepared to lead during a crisis? In…
Triage Before Turnaround: Cash & Assets Control
In this last installment of our four-part series, Paul Denton continues to provide suggestions on how to stabilize the overall situation of a distressed business with hopes to implement a successful turnaround. Namely, how…
The World is Changing, Has Your Business Strategy?
What separates the truly innovative companies from the rest of the pack? It’s their ability to twist and turn when big changes hit the marketplace—whether anticipated or not. Hylton Levy and Ian Brenner…
Triage Before Turnaround: Safeguard Assets
Once the cash conservation program and a competent and committed leadership team has been established, Paul Denton suggests identifying and safeguarding your assets. In the first two parts of this series, we discussed…
Triage Before Turnaround: Management Buy-In
When a business is in distress, it’s imperative that leaders proactively confront the situation. Once the cash conservation program has been established, Paul Denton suggests seeking management buy-in is…