Debt Restructuring
Practice Areas
Contact With us
- 67 Conarty Crescent, Whitby, Ontario
- info@northgatelaw.ca
Call For Inquiry
(506) 292-7927
We help businesses and individuals address financial difficulties, creditor claims, and mounting debt obligations. Our lawyers advise on debt negotiations, restructuring arrangements, and formal proceedings under Canada’s insolvency laws, with a focus on finding practical solutions suited to each client’s circumstances.
if you are struggling with mounting debt, creditor demands, or financial pressure, we can help assess your options and develop a practical course of action. Our team provides legal guidance on debt negotiations, restructuring arrangements, and formal proceedings under Canadian insolvency laws, helping clients address complex financial matters with clarity and confidence.
01 Debt Negotiations
We assist clients in negotiating with creditors to restructure payment obligations, resolve disputes, and develop practical repayment arrangements.
02 Business Restructuring
We develop tailored strategies to address financial challenges, manage liabilities, and help businesses work toward a more sustainable financial structure.
03 BIA Proposals
We advise businesses on formal restructuring options under the Bankruptcy and Insolvency Act, including Division I Proposals and related creditor and court processes.
04 CCAA Matters
Eligible companies on restructuring under the Companies’ Creditors Arrangement Act, including compromises and arrangements with creditors and related court proceedings.
Areas of Debt Restructuring
- Creditor Negotiations
- Debt Repayment Arrangements
- Business Restructuring
- Secured & Unsecured Debt
- Division I Proposals
- CCAA Proceedings
- Creditor Claims
- Restructuring Agreements
- Insolvency Advice
- Debt Settlement
- Enforcement Matters
- Court-Supervised Restructuring
- Tax Planning for Corporations & Professionals
- Division I Proposals
1. What is debt restructuring?
Debt restructuring involves changing the terms or arrangements relating to existing debt to help address financial difficulties and provide a more manageable path forward.
2. Can a business restructure its debts without filing for bankruptcy?
Yes. Depending on the circumstances, a business may be able to negotiate directly with creditors or pursue a formal restructuring process under Canadian insolvency legislation.
3. What is a Division I Proposal?
A Division I Proposal is a formal process under the Bankruptcy and Insolvency Act that allows an insolvent person or business to make a proposal to creditors.
4. When does the CCAA apply?
The CCAA provides a framework for qualifying companies to negotiate compromises or arrangements with creditors under court supervision. Generally, the legislation applies where the total claims against the debtor company or affiliated companies exceed $5 million, subject to the Act and its requirements.