While dealing with financial difficulties is never easy, early identification of a companys financial situation is often the key to successfully implementing measures that will allow it to maximize its options, said Jean Fontaine, Montreal-based partner and member of the firms restructuring and insolvency group, in the news release.
Canadian businesses who are anticipating economic difficulties would benefit from leveraging time, a key asset in all situations, and from immediately considering their possible alternatives to bankruptcy, said the firms news release. Such businesses should venture into the restructuring efforts while armed with a game plan and while understanding their exit strategies, said Fontaine.
Stikeman Elliotts restr…
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