Corporate Restructuring & Insolvency

Financial difficulty rarely has a single cause. Businesses may be managing creditor pressure, cash-flow shortages, tax arrears, lender demands, stalled projects, supplier issues, or disputes among owners. Albert Gelman Inc. helps businesses, boards, owners, and advisors assess the facts, understand the available options, and determine a practical path forward. Our focus is to stabilize the situation, manage stakeholder expectations, and protect value wherever possible.

Bankruptcy is not always the best or only solution. In many cases, early advice, a restructuring plan, a proposal, refinancing, asset sale, or negotiated settlement can preserve more value than a formal wind-down. Where formal protection is required, our Licensed Insolvency Trustees are authorized to act and can guide the process with discipline and clarity.

When to Seek Advice

The sooner you seek advice, the more options may be available. Common warning signs include lender demands, expiring forbearance arrangements, overdue tax obligations, covenant breaches, tightening supplier terms, stalled projects, cash-flow shortfalls, or shareholder disputes affecting the business.

How We Help

We provide practical advice and tailored solutions ranging from informal guidance to formal, court-supervised processes:

• Financial Review: We assess the company’s financial position, viability, stakeholder pressures, and available options.
• Turnaround and Cash-Flow Planning: We assist with cost management, liquidity planning, financing options, and asset decisions.
• Stakeholder Negotiations: We work with lenders, suppliers, landlords, tax authorities, and other stakeholders to pursue practical outcomes.
• Proposals and Restructuring Proceedings: We facilitate proposals under the Bankruptcy and Insolvency Act and restructurings under the Companies’ Creditors Arrangement Act. Where applicable, these proceedings can create a stay of proceedings while a feasible plan is developed.
• Orderly Wind-Down: Where a sale, receivership, liquidation, or bankruptcy is the appropriate path, we manage the process to protect value and support fair, transparent treatment of stakeholders.

Built for Privately Held and Owner-Led Businesses

Privately held and owner-led businesses often involve both corporate and personal considerations, including personal guarantees, director liabilities, shareholder interests, and family or succession issues. We are experienced in addressing these connected realities so that corporate matters are managed without overlooking owner exposure or stakeholder concerns.

Clients work directly with senior professionals who provide clear language, practical recommendations, and a plan that is proportionate to the complexity and urgency of the situation. Where formal proceedings are required, we deliver disciplined, court-ready execution and reporting.

Speak with us about your options. Book a confidential consultation for practical guidance on your next step.