Our mission :
To Help your Firm Survive in Times of Crisis.

Has your business hit a rough patch? Our experienced trustees and Chartered Accountants can help. We’ll help you find the best solution to the difficulties facing your company. We’ll be by your side during every step of the process. No business is immune to an economic downturn, lower revenues, runaway costs, liquidity problems or threats of seizure from its suppliers. These problems may stem from a variety of sources. Here are just a few:

 Appel & Cie Bankruptcy Trustees
  • Loss of a major client; 
  • Lower client traffic; 
  • Difficulty collecting receivables; 
  • High operating costs; 
  • Increased competition; 
  • Rapid, poorly planned expansion.

The sooner one of our experts identifies the problems and helps you implement a creative turnaround solution, the more likely it will be that you can avoid the worst-case scenario.

Here are some warning signs you should be aware of:

  • Unfavourable financial indicators on balance sheets and operating statements; 
  • Exceeding Authorized loan limits; 
  • Non-compliance with lenders’ financing criteria, default clauses or payment agreements; 
  • Starting the loan renewal process too late; 
  • Lack of budget planning and follow up; 
  • Financial results lower than expected or budgeted; 
  • Net profit driven by extraordinary gains or non-recurring income; 
  • Inability to obtain additional financing; 
  • Creditors engaged in recovery procedures; 
  • Lack of liquidity. 

If your firm is experiencing any of these problems, contact us immediately. Our professionals can advise and guide you to choose a solution that’s right for you.

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