The Insolvency & Restructuring team at PSB BOISJOLI provides professional services to enterprises who are experiencing financial difficulties and business challenges. Led by Carl Adjami, an experienced restructuring practitioner, the mission and values of this practice are:
- Providing advice focused on creating and preserving value and protecting the interests of debtor, creditors, shareholders and employees;
- Supporting negotiations and communications between creditors and debtors during periods of financial difficulty by promoting a transparent exchange of information;
- Assisting entrepreneurs and business owners in planning and executing their restructuring and refinancing initiatives;
- Helping banks and financial institutions manage their non-performing loans and elaborate corrective action plans.
As certain businesses experience a downward cycle, they can rely on our expertise to assist them during trying times.
Our services include:
Corporate turnaround and interim management
Business restructuring
- Development of restructuring plans (formal or informal)
- Interim financial management (“CRO”)
- Execution and communication strategies
Business plan and refinancing
- Balance sheet and debt service capacity evaluation
- Communication and negotiation with banks and financial institutions
Our professionals can quickly assess a company’s situation, identify areas of improvement, determine the financial impact of the restructuring initiatives and implement changes to improve performance.
In collaboration with management and stakeholders, our team provides an objective and independent viewpoint to support the entire corporate turnaround cycle consisting of diagnosis, stabilization, restructuring, implementation, and continuous monitoring.
Banking review
- Look-see reports
- Margin calculation, security position and banking covenants
- Cash flow and financial performance monitoring
Our role is to provide an impartial assessment of the company’s financial situation and work to find a viable solution in light of the various stakeholder’s position and economic interest. We will work closely with the company and its creditors to develop a suitable plan, bearing in mind the legislative and business context.
Insolvency services
- Bankruptcy and Proposal trustee (BIA), Monitor (CCAA)
- Private receiver and secured creditor agent
- Court appointed liquidator and receiver
Our Insolvency services consist of statutory mandates under the Bankruptcy and Insolvency Act (BIA) or the Companies’ Creditors Arrangement Act (CCAA). Our practice is based on the fair and equitable treatment of the debtor, its creditors and other stakeholders.
Liquidity management
- Cash-flow projection and supervision
- Working Capital optimisation
A company’s ability to manage its liquidity effectively is critical to its financial health and stability. Our team will work with management to understand the company’s business and cash cycles and develop solutions to improve the liquidity profile, monitor its progress and report to the concerned stakeholders.
Financial projections
- Dynamic modelling
- Variance review and analysis
Financial projections are the company’s roadmap. Our team works closely with management to understand the parameters of the business and develop tools to project the financial impact of corporate business plans and initiatives. We offer an independent and objective assessment of the assumptions reflected in the financial projections and provide management and stakeholders with an appreciation of the risks inherent in the realization of financial projections and forecasts.