Insolvency Matters During COVID: New Challenges for the Courts
Over the past four months, every industry has witnessed major shifts in their respective worlds. The insolvency and restructuring community is no different. COVID-19 has introduced a host of unique situations and restructuring professionals…
Restructuring Strategies for Oilfield Service Companies
As supply keeps piling up, oil producers in Western Canada are running out of places to store excess inventory. While some consumers have been relishing the lower gas prices, producers are feeling the crunch as…
Managing Stakeholders’ Expectations When It Matters Most
During the best of times, communication with stakeholders is vital. During an economic downturn, like the one we are currently experiencing, it’s even more critical that we keep interested parties up to date. Allan…
Using Dispute Finance to Unlock Value in a Company
In these very challenging times, businesses can leave no stone unturned in its efforts to maximize available cash flow and maintain laser focus on its core business to ensure survival. Much has been written on…
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…
How to Regain the Initiative Amidst Uncertainty
Uncertainty—it’s a word no business likes to hear, but it’s been dominating the headlines for weeks now. From the COVID-19 pandemic to the oil war between Saudi Arabia and Russia, businesses…
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 that when…
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 the next major task…
Triage Before Turnaround: Cash Conservation
When a business is in distress, it’s imperative that leaders proactively confront the situation—buying time to implement a sound turnaround plan. Paul Denton suggests performing triage on the ailing company and prioritizing actions…
Solving Cash Flow Problems During Uncertainty
Is negative cash flow hampering your business during the COVID-19 outbreak? If so, Allan Nackan suggests a proactive approach—including the right diagnosis and a solid turnaround plan to help avoid formal insolvency proceedings…