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Informal Workouts

An Informal Workout is best when the company’s financial difficulties are identified very early.

A company in financial distress may need to reorganize its affairs in order to continue its operations.  It may be that debts will have to be reduced or delinquent debts renegotiated to improve the company’s cash flow and continue operations as a viable company.

An Informal Work occurs outside of any particular legislation or statute. This may be an option for a distressed business experiencing the initial stages of financial difficulty looking to enter into direct negotiations and private arrangements with creditors and stakeholders prior to creditors initiating steps/commencing proceedings to recover their debt.

For further information, call us at (604) 558-8020 to discuss.

McEown + Associates LTD.

LICENSED INSOLVENCY TRUSTEE

CORPORATE INSOLVENCY AND RESTRUCTURING PROFESSIONALS

110 - 744 West Hastings St.

Vancouver, BC V6C 1A5

T: 604.558.8020

F: 604.558.8021

John McEown: 

jm@mceownassociates.ca

Marianne Ting: 

mt@mceownassociates.ca

Gretchen Salvaleon: 

gs@mceownassociates.ca

© 2019 

McEown +

Associates Ltd.