OUR RESTRUCTURING SOLUTION
Legal and Regulatory Expertise
In-depth Knowledge of Insolvency Law:
Grenadier Group, our legal advisors and our trustees are well-versed in Canada’s insolvency laws, particularly the Bankruptcy and Insolvency Act (BIA). This ensures compliance with all requirements related to filing the NOI and the subsequent Proposal.
Understanding of Court Procedures:
Navigating the legal system, meeting deadlines, and ensuring that all filings are accurate is critical to avoid involuntary bankruptcy proceedings.
Financial Analysis and Cash Flow Management
Accurate Assessment of Financial Health:
Grenadier Group will assess your company’s financial status, determine the extent of your insolvency, and will clearly determine your liquidity position. This helps in creating realistic cash flow forecasts.
Immediate Cash Flow Solutions:
Managing short-term liquidity and maintaining operations during the NOI period is essential to stabilize your business while negotiations with creditors take place.
Development of a Viable Proposal
Credible Debt Repayment Plan:
Crafting a Proposal that balances your company’s ability to repay debts while satisfying creditors is key. We ensure that the plan we craft is realistic, achievable, and clearly defines repayment terms.
Stakeholder Buy-In:
The Proposal needs to be designed in such a way that it gains approval from creditors, who must accept the terms by a two-thirds majority. We strategically navigate creditor negotiations to secure this approval.
Negotiation and Creditor Relations
Effective Communication and Negotiation Skills:
Success depends heavily on negotiating favorable terms with creditors. We foster positive relations with creditors, helping them understand the value of accepting the Proposal over forcing a bankruptcy.
Debt Restructuring:
Restructuring debt through reduced payments, extended terms, or other mechanisms requires skillful negotiation to satisfy creditors without undermining the company’s future viability.
Crisis Management and Turnaround Expertise
Operational Efficiency Improvements:
Grenadier Group shall identify inefficiencies in the company’s operations and implement cost-saving measures that improve profitability during the restructuring period.
Business Strategy Overhaul:
The ability to revise or overhaul business strategies to ensure long-term survival is key, including optimizing management practices, revising the company’s business model, or even divesting non-essential assets.
Communication and Transparency
Clear Stakeholder Communication:
Throughout the restructuring process, Grenadier Group maintains open, honest, and clear communication with stakeholders, including employees, creditors, and investors, building trust and mitigating uncertainty. This transparency is crucial for preserving business relationships during the process.
Management of Public Relations:
As needed, we always manage external communications effectively, ensuring your company’s reputation is protected during a time of vulnerability.
Contingency Planning and Risk Management
Anticipating Legal Challenges:
We and our legal partners have a great deal of experience of what is likely to occur as the process moves forward and thus can anticipate and be prepared for potential legal challenges from creditors or objections to the Proposal.
Contingency Plans:
Though we strive for a win-win solution that is to the benefit of all stakeholders in a restructuring scenario, we always have contingency plans in place if the Proposal is rejected or if additional negotiations are needed to secure creditor approval.
Court and Monitor Collaboration
Working with the Proposal Trustee:
We work closely with the court-appointed Proposal Trustee, ensuring that your company’s assets are protected and that the restructuring process is moving forward as efficiently and cost effectively as possible.
Regulatory Compliance:
Grenadier Group will give you the peace of mind with respect to ensuring that your company always remains compliant with all court orders, including those related to asset preservation and reporting requirements, thus avoiding unnecessary complications.
Leadership and Change Management
Strong Leadership Support:
Grenadier Group works closely with your company’s leadership team to navigate internal resistance, ensure cooperation across departments as required, and implement necessary changes. Strong leadership support is critical to push forward with difficult decisions and operational changes.
Change Management Expertise:
We understand that implementing new business processes, reducing overhead, or restructuring the workforce all require careful change management to maintain morale and productivity.
