A business' financial distress can place significant pressure on its owners, management team, employees, creditors, and other stakeholders. From value erosion to damaged credibility and loss of stakeholder trust, it’s important for businesses to manage these challenges proactively and strategically.
Farber has a deep history in restructuring clients in crisis. We’ve helped banks and lenders deal with underperforming loans and investments; we’ve assisted financial and legal advisors who have clients who need strategic guidance and crisis management, and we’ve supported a wide range of businesses as they manage through a period of financial difficulty.
A formal restructuring isn’t the only way to help a business in distress. Our turnaround service goes beyond mere cost-cutting and financial engineering. We start with an understanding of the current situation, analyze what is most likely to happen under various scenarios, and then we prioritize actions and manage stakeholders.
We work with your business to improve cash flows and enhance transparency, work with your team to optimize operations, and structure and support the management team to work through the volatility and uncertainty.
Personal Financial Restructuring
Our personal approach helps our clients eliminate debt, improve their credit scores and rebuild their financial lives. Our Licensed Insolvency Trustees have helped more than 50,000 Canadians become debt free.
In addition to their expertise in assisting our personal clients, the following Licensed Insolvency Trustees also have experience assisting companies that are experiencing financial distress.