What is Financial Restructuring?
Financial restructuring is intended for individuals and businesses in financial difficulty with a maximum of 5 creditors. When the process is initiated early, it allows you to restructure your finances and free yourself from debt without filling in a consumer proposal or bankruptcy.
In the case of businesses, financial restructuring may also involve a review of the capital structure or even the overall structure of a company to restore financial health.
The process of financial restructuring includes:
- Analyzing your financial situation and amounts of debt
- Identifying the underlying causes of your debt
- Financial restructuring to repay your existing debts and avoid falling back into debt
Why Choose M. Roy & Associés?
When facing serious financial problems, it’s crucial to act proactively to prevent the situation from worsening. Working with legal professionals such as licensed insolvency trustees to guide you through personal or corporate restructuring efficiently and confidentially.
Assessment of the Situation
At the beginning of the debt restructuring process, your financial advisor will conduct a comprehensive analysis of your financial situation. This will help identify the root causes of your debt and allow for the creation of a tailored strategy to help you regain control of your debt obligations.
Strategic Planning
With all relevant information in hand, the advisor responsible for your case will create a clear, detailed action plan to restructure your finances, reduce your debt, and help you avoid falling back into serious debt. In a corporate context, restructuring involves aligning financial strategies with business objectives to restore profitability.
Implementation and Follow-Up
Once the action plan is in place, your advisor will meet with each of your creditors to renegotiate your debt, by extending payment schedules or lowering interest rates, for example. They will also monitor the implementation of the financial restructuring measures. The process typically requires 3 to 4 meetings and is entirely confidential.
Is Financial Restructuring Right for Me?
Here’s the profile of people who choose financial restructuring with M. Roy & Associés:
Individuals
You can no longer keep up with your bills, and your debts keep piling up.
You have multiple payments and can’t manage your budget to maintain your quality of life.
You’re stressed about potentially having your assets seized due to unpaid debts.
Businesses
Your business can’t pay its suppliers, your financial burden is overwhelming, and your cash flow is rapidly diminishing.
Your fixed expenses are too high and are hindering your company’s growth.
Creditors are putting pressure on you, and you need a solution to reduce your debt and financial stress.
The number of creditors involved is limited (between 1 and 5).
To find out if financial restructuring is the right solution for you or your business, call 1-877-352-6661 or fill out the online form to schedule a free and confidential meeting with a member of our team.
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Frequently Asked Questions
The financial restructuring process allows you to restructure your finances and regain control over your debts without having to file for bankruptcy. This process is 100% confidential and does not leave any trace on your credit report.
What Our Customers Say
I am very satisfied with the professional and personalized service I received. They took a huge weight off my shoulders that had been weighing on me for far too long. They worked closely with me, step by step, to ensure that my needs were met, and I’m happy with the results today. Thank you so much!
Nadia coriveauThey are there to help you with your debts. And for companies in financial difficulty
Marie-Joëlle BlouinDo You Want to Avoid Bankruptcy?
For over 75 years, we have been helping individuals and businesses regain control of their finances. Contact us to get out of debt!
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