Small Business Bankruptcy, Barrie, ON

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We understand the complexities of small business bankruptcy and can help you find a solution to your financial problems.

When your business is struggling, you may feel as though the weight of the world is on your shoulders. If you are wondering how you will continue to operate your business, pay the bills, and pay your employees due to a financial strain, you need to turn to a financial advisor that you can trust.

Small Business Bankruptcy in Barrie, Ontario

At Morgan & Partners Inc., we understand the complexities of small business bankruptcy and how sensitive it can be for you as a business owner. While you may feel hesitant to speak to someone about your financial difficulties, in truth this could be the first step you take towards improving the financial future of your business in Barrie, Ontario.

One thing we make sure to do when you schedule an appointment with us is to go over all of your financial documents in detail and discuss your options. We won’t always recommend small business bankruptcy as the first solution; sometimes there are other methods of improving your business’ financial situation without filing bankruptcy first.

Our experienced team members are registered with CAIRP and Industry Canada and can also act as licensed insolvency trustees. We will always be respectful of the sensitive nature of your business’ financial records, and we will always provide honest assessments and recommendations to improve your financial situation.

If you have questions about small business bankruptcy or would like to speak with a financial counselor, contact us today.

Common Questions About Small Business Bankruptcy

When your business faces financial challenges, small business bankruptcy may be a viable option. Below, we have answered a few questions about small business bankruptcy and how it could affect your business.

What is small business bankruptcy?

Small business bankruptcy is a legal process that lets struggling businesses eliminate or restructure their debts. This must occur under the supervision of the proper government agency to ensure the process is followed correctly.

Can my business still operate during bankruptcy?
Yes! Your business can continue its operations while you undergo the bankruptcy process. However, at the end of the process, you may be forced to end your operations, depending on the type of bankruptcy you file.
How long does the process take?
The duration of the small business bankruptcy process varies. In some cases, the process may take only a few months, but in others, it can take a few years, depending on the complexity of the reorganization plan.
Are there alternatives to small business bankruptcy?
Some of the most common alternatives to small business bankruptcy include negotiating with creditors, debt restructuring, and seeking financial counseling. Before deciding on bankruptcy, make sure you explore all your available options.
How do I set up an appointment with your professionals?
If you are ready to move forward with the small business bankruptcy process, contact us directly. We are ready to talk to your business about its financial challenges and your options for moving forward.

At Morgan & Partners Inc., we can help you learn your rights and options regarding small business bankruptcy in Barrie, Brampton, Guelph, Innisfil, Newmarket, Orillia, Milton, Gravenhurst, Toronto, and Muskoka, Ontario.