Restructuring (Canada)

One of Canada’s Largest and Most Respected Independent Restructuring Firms

With over 40 years of experience, GlassRatner (formerly B. Riley Farber) acts as a trusted advisor in both court-appointed insolvency proceedings under the Companies’ Creditors Arrangement Act (CCAA) and the Bankruptcy and Insolvency Act (BIA) as well as advising in informal restructurings.

We leverage our wide range of integrated practice areas to deliver collaborative and creative solutions with a human touch.

Restructuring Assistance for Business Owners and Boards of Directors

We take the time to understand your challenges with empathy, and provide practical solutions to help you regain control, maintain credibility and rebuild trust with stakeholders and key customers. GlassRatner will work with you to develop a thorough restructuring plan and help manage relationships to ensure a successful outcome.

Helping Your Clients With Financial Distress

We have a long and successful track record for over 40 years of assisting banks, law firms, accounting firms and regulators with restructuring and insolvency solutions across Canada, USA and internationally to accomplish their strategic business objectives.

Formal Insolvency Roles

As court-appointed fiduciaries or advisors, we expertly assist with formal restructuring mandates under the CCAA, BIA, and other statutes. Our roles in formal engagements include:

• CCAA Monitor
• Receiverships
• Cross-border restructuring
• Financial advisory roles to the company or stakeholders
• BIA Proposals
• Trustee in Bankruptcy
• Interim Receiver
• Liquidator under Federal & Provincial corporate statutes
• Estate Trustee During Litigation

Informal Restructuring

We always encourage our clients to act early and be proactive in addressing problems. Early engagement of legal and financial professionals such as GlassRatner can avoid contested and costly court-ordered restructurings.  We assist with:

• Out-of-Court restructurings
• Chapter 11 & 15 advisory
• Stressed & distressed debt restructurings, including a broad range of M&A and refinancing solutions
• Chief Restructuring Officer (CRO) roles
• Sales and Investor Solicitation Processes
• Secured creditor representation “look-see” and monitoring engagements
• Identify and address operational & financial challenges
• Formulate and lead the restructuring process

Financial & Business Advisory Services

Early engagement always leads to the best outcomes. Our collaborative team delivers a broad range of expertise to address business, financial and human capital needs, including:

• Assess and resolve liquidity issues
• Develop business plans, cash flows and financial forecasts
• Source DIP financing
• Stakeholder negotiations
• Proactive communication and resolution with stakeholders
• Turnaround & interim management, including interim C-Suite and CRO roles
• Forensic investigations, litigation support & dispute resolution, and asset tracing
• Resolve shareholder disputes