NIQP 401

• 1-3 A.
• Restructuring (CCAA, Div 1)

Orderly Liquidation (CBCA or WURA)

• Forced
• Liquidation (Bkcy or R’ship)

1-4 A Preparing cash flow forecasts

Arranging for valuations

Preparing a communication plan

Meeting with key stakeholders

Obtaining DIP financing

• 1-5 A.
• Where:

-the company has relatively few creditors, with common interests

-no secured creditors, or the secured creditors support the restructuring

-financial difficulties are identified early

-company has a detailed and comprehensive business restricting plan

-company has a detailed communication plan

-management has credibility with creditors

1-5 &1-6

• A.
• - Revising lending agreements with secured creditors (compromise of interest, terms, collateral)

-Compromising or deferring amounts owed to unsecured creditors

-Revising lease obligations

-Negotiating with labour unions