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Corporate Debt Solutions

Crowe MacKay & Company Ltd.

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Helping Your Business Overcome Debt and Regain Stability

At Crowe MacKay & Company, we know how overwhelming it can be when your business is struggling with debt. The pressure, uncertainty, and difficult decisions can take a toll — but you don’t have to face it alone.

With over 50 years of experience helping Canadian businesses through financial distress, we offer compassionate, honest, and practical support every step of the way. Whether you’re looking to restructure, reduce your debt, or explore all available options, we aim to help you move forward with clarity and confidence.

 

How Can We Help You With Business Debt?

We have assisted financial institutions, creditors, businesses and lawyers in many aspects of insolvency, restructuring and litigation support. With the expertise to support you, some of the roles we have fulfilled for our clients include:

When facing financial difficulties, we recognize the importance of objective and professional advice. We tell our clients what they need to know to protect themselves and to preserve as much value as is reasonable in the circumstances.

          Corporate Debt Services

Corporate Restructuring
Helping businesses restructure debt through formal legal insolvency processes.
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Corporate Bankruptcy
Guiding companies through voluntary and court-ordered bankruptcy proceedings.
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Receivership
Managing asset recovery and creditor repayments during receivership proceedings.
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Forensic Accounting
Knowing how to discover inconsistencies is more of an art form than a numbers game.
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Corporate Restructuring
Helping businesses restructure debt through formal legal insolvency processes.
Read More
Corporate Bankruptcy
Guiding companies through voluntary and court-ordered bankruptcy proceedings.
Read More
Receivership
Managing asset recovery and creditor repayments during receivership proceedings.
Read More
Forensic Accounting
Knowing how to discover inconsistencies is more of an art form than a numbers game.
Read More

Dangers of Delinquent Business Debt

Delinquent business debt can prove to be dangerous for your organization. While addressing financial uncertainties can be uncomfortable, not taking action can lead to serious consequences, including:

  • Creditors can act against your business, leading to legal judgment, fees, and penalties.
  • You may accumulate more debts and interest, compounding the situation.
  • The CRA can freeze your bank accounts and seize the funds for penalties, unpaid interest, and taxes.
  • A secured creditor can appoint a Receiver to seize assets, resulting in the cessation of your business operations.
  • Equipment Lessors can also seize certain operating assets subject to their purchase money security interests.

FAQ's

What Are My Options if My Business Is Struggling With Debt?
If your business is facing corporate debt, there are several business debt solutions available, including restructuring, a Division I proposal, or bankruptcy. Getting help for a struggling business early ensures you choose the right path to manage business debt and improve long-term financial stability.
When Should a Company Seek Professional Debt Advice?
A company should seek help as soon as signs of company financial distress appear, such as cash flow issues or missed payments. Early insolvency consulting for businesses increases the chances of recovery and provides access to tailored business debt solutions before the situation worsens.
What Is the Difference Between Restructuring and Corporate Bankruptcy?
Restructuring allows a business to manage corporate debt while continuing operations, often through negotiated repayment plans. Corporate bankruptcy typically involves liquidation. Business debt recovery focuses on restoring financial health, while bankruptcy is used when recovery is no longer viable.
How Do I Know if My Business Is Insolvent?
Your business may be insolvent if it cannot meet its obligations or manage ongoing business debt. Signs include creditor pressure, declining revenue, and reliance on credit. Seeking business debt help in Canada can confirm your position and outline appropriate business debt solutions.
Will Creditors Take Legal Action Against My Business?
If business debt remains unpaid, creditors may initiate business debt recovery actions such as legal proceedings or enforcement. However, formal solutions can pause these actions and provide breathing room while a structured plan is developed.
How Can I Stop Creditor Pressure or Legal Action Against My Company?
Entering a formal process with insolvency consulting for businesses can stop creditor pressure and legal action. These solutions provide immediate protection, allowing time for credit negotiation services or structured repayment plans to resolve corporate debt effectively.
Will I Lose Control of My Business During the Process?
In many cases, directors retain control while working with credit negotiation companies or restructuring professionals. However, in more advanced situations, control may shift. The level of involvement depends on the severity of corporate debt and the chosen solution.
What Happens to Employees During a Restructuring or Bankruptcy?
During restructuring, businesses often continue operating, which can help protect jobs. Solutions such as a small business debt relief program aim to stabilize operations. In more severe cases, including bankruptcy, layoffs may occur depending on the outcome of the business debt recovery process.

Book a Free Consultation

Our licensed experts are here to answer all your questions about bankruptcy and consumer proposals. Whether you're an individual or a business, we’ll help you understand your options and guide you through every step of the process with care and confidence.

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