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How to Manage Debt and Deal with Creditors
9 June 2021 @ 1:00 pm - 2:30 pm
Small businesses have several restructuring options available to them to stave off closure. However, in order to make the right decisions, you need to understand concepts and terms such as incorporation, personal guarantees, secured vs unsecured creditors, deemed trusts, forbearance, insolvency, receivership and bankruptcy. Join Jonathan McNair CPA, and discover what a formal restructuring of your business entails, as well as informal options you may have at your disposal.
Having a system and structure to move beyond your current difficulties may mean better days ahead for your business.
WHAT WILL I LEARN?
- The relationship between incorporation and personal liability
- What it means to provide a personal guarantee for a business
- Critical factors and steps in a formal restructuring of your business in the face of severe financial hardship