How to Manage Debt and Deal with Creditors
Debt Restructuring, an Alternative to Bankruptcy
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
At Small Business BC, our number one priority will always be the health and safety of our clients, staff and service providers. As a result, we continue to deliver all our services online, or over the phone until further notice. View our resources for getting Back to Business, or connect directly with a business advisor through our COVID-19 Support Service.
Please note: all webinar participants will also receive access to a recording for seven days after the live session.