CEBA and HASCAP Loans
Experiencing Financial Difficulties repaying CEBA and HASCAP Loans?
If your company is struggling to repay the Canada Emergency Business Account (CEBA) loan and/or Highly Affected Sectors Credit Availability Program (HASCAP) loan because of insufficient revenue or financial constraints, book an consultation to find out your options.
At Albert Gelman Inc., our team of Licensed Insolvency Trustees are prepared to advise you on viable options. Give us 30 minutes of your time and you will have answers to your questions.
Assessing Your Financial Condition
As the CEBA repayment deadline approaches, it is essential to evaluate your company’s overall financial health. This assessment will assist you in determining your capacity to repay the CEBA loan and options to allow you to make the right decision.
Professional Advice for Business Restructuring
Our knowledgeable and Licensed Insolvency Trustees can assist you in restructuring your business and releasing up much-needed cash flow. Through a Division 1 Proposal, we can assist you to negotiate with your creditors to reduce your company’s debt, creating a structured repayment plan and allow you to maintain control of your business. Set up a call today by clicking this link.
Do I owe the CEBA and HASCAP loans personally?
The answer is No. The CEBA and HASCAP loans are not personally guaranteed loans. They can be included in a corporate bankruptcy filings. Filing for bankruptcy can release you from your CEBA loan obligation and HASCAP loan obligations.
Utilize Us as Your Insolvency Trustee
If your financial situation has deteriorated to a critical level, our Licensed Insolvency Trustees can serve as your reliable guide throughout the insolvency procedure.
Debt problems can be overwhelming, but you do not need to face them alone. Our devoted team at Albert Gelman Inc. are here to assist you in overcoming this challenge, leaving your debts behind and beginning anew.
Let’s navigate the path to financial recovery together!