Understanding Bankruptcy, Receivership and Division 1 Proposals

FACT: Many businesses fail. There are many reasons why a business fails or why a company declares bankruptcy. Most business bankruptcy happens because debt owed to secured creditors like banks and lenders or unsecured debt owed to vendors, suppliers and/or the government becomes unmanageable.
Things to Consider:
- Bankruptcy vs. Receivership?
- Receivership vs. Division 1 Proposal?
- Division 1 Proposal vs. Bankruptcy?
The decision you make for your business really depends upon what options it has available to restructure, reorganize and repay its creditors. Getting help or advice is important to make sure that you have explored all of your options.
Watch now to learn more about bankruptcy, receivership and division 1 proposals
Fix Your Business - Online Course
Understanding Bankruptcy, Receivership and Division 1 Proposal:
Learn how to fix your business and how to avoid bankruptcy, receivership and creditors.
dylangallagher...
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[@djabirmadani585]

Excellent explanation, I am starting my internship in restructuring & turn around in a few days I would love to learn more !!

[@gallagherdylan]

Good luck and reach out any time 👍

[@djabirmadani585]

@@gallagherdylan Thank you, I would love to have a chat at some point, I watched a couple of your videos and I could definitely benefit greatly from some career insights as I have many options but have no idea what to choose !!

[@gallagherdylan]

@@djabirmadani585 send an email [e-mail] 😁

[@lizaupton69]

Thank-you for providing and sharing this information with options out there when you know your business can survive but need the experience of someone that can assist in ‘navigating through options’ available

[@gallagherdylan]

lizaupton69 You’re welcome! Visit: bridgecap.ca/turnaround-strategies-for-small-and-medium-sized-businesses.aspx to see how you can navigate your way through a tough spot

[@gallagherdylan]

lizaupton69 feel free to email me if you want to chat about the specific details of your situation

[@obiageliarisa6203]

Is Division 1 proposal the same as Administration?

[@gallagherdylan]

Obiageli Arisa it might be. People use the terminology in different ways.

[@obiageliarisa6203]

Is Division 1 proposal the same as Administration?

[@gallagherdylan]

Very similar