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Debt Restructuring in Difficult Times

An Alternative to Insolvency

Course Description

Against a backdrop of serious financial challenges presented by the COVID-19 pandemic, many businesses are facing a difficult decision on their financial futures. If a permanent closure is something that has crossed your mind, have you considered debt restructuring options to help weather the storm?

Small businesses have several restructuring options available to them to stave off closure. However, in order to make the right decisions, you need to understand concepts and terms such as incorporation, personal guarantees, secured vs unsecured creditors, deemed trusts, forbearance, insolvency, receivership and bankruptcy. Join Jonathan McNair CPA, and discover what a formal restructuring of your business entails, as well as informal options you may have at your disposal.

Having a system and structure to move beyond your current difficulties may mean better days ahead for your business.

What Will I Learn?

  • The relationship between incorporation and personal liability

  • What it means to provide a personal guarantee for a business

  • Critical factors and steps in a formal restructuring of your business in the face of severe financial hardship

Presented By

Session Date & Time
Wednesday, February 3, 2021 1:00pm to 2:30pm
  • Length: 1.5 hrs
  • Language: English
  • Subject: Exiting Your Business, Financial Management

No other upcoming sessions are available. Please contact us if you are interested in other dates.

  • Price: $29
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Education for week of January 24, 2021

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Sunday 24th
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Monday 25th

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January 25 at 1:00 PM to 2:30 PM
Tuesday 26th

First Nations Tax Exemptions: What You Need to Know

January 26 at 10:00 AM to 12:00 PM

Market Research 2: Surveys and Focus Groups

January 26 at 1:00 PM to 4:00 PM
Wednesday 27th

TaxSense for Small Business

January 27 at 9:00 AM to 12:00 PM
Thursday 28th

Early Stage Financing for Small Business

January 28 at 1:00 PM to 2:30 PM
Friday 29th

Panel: Small Business Trends for 2021

January 29 at 1:00 PM to 2:00 PM
Saturday 30th
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We respectfully acknowledge our place of work is within the ancestral, traditional and unceded territories of the Xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish) and səl̓ilwətaʔɬ/sel̓ílwitulh (Tsleil-Waututh) and that we serve the Peoples of the many Nations throughout British Columbia.