BEFORE CONSIDERING COMMERCIAL BANKRUPTCY, HAVE YOU TAKEN THE NECESSARY RATIONALIZATION AND RESTRUCTURING MEASURES FOR YOUR COMPANY’S RECOVERY?
Commercial bankruptcy will put an end to your activities and the company will be removed from Quebec’s registraire des entreprises. If you want to continue carrying out your company’s activities, a business proposal can spare you bankruptcy. While commercial bankruptcy is the last option to consider, in some situations it remains the best one.
Bankruptcy is feasible when a company can no longer meet its financial obligations within deadlines.