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Phone: (604) 605-3335  Toll Free: (888) 850-6585

 

 

Boale, Wood and Company

Boale, Wood and Company

Licensed Insolvency Trustee

  • Our Company
    • Why Use Us
    • David Wood
  • Solutions
    • Personal Solutions
      • Alternatives to Bankruptcy
      • Consumer Proposal
      • Consumer Proposal vs. Debt Management Program
      • Division 1 Proposal
      • Personal Bankruptcy
      • Proposal Comparison
    • Corporate Solutions
      • Bankruptcy
      • Debt Restructuring
      • Informal Workouts
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  • Contact Us
    • Free Initial Consultation
    • Vancouver Office
    • Surrey Office
    • Yukon Territory

Informal Workouts

An informal workout is a contractual agreement by a company in financial difficulty with all or some of its creditors to compromise its debt or extend the terms of repayment.  The terms of the agreement are not restricted by any particular law or statute and therefore are only limited by the imagination, expertise, and creativity of the participants and their advisors.

One of the key elements to successful financial reorganizations is recognition at an early date of your financial difficulty.  As well, the use of experienced and competent insolvency professionals will increase creditor confidence, expand the restructuring options, and increase the likelihood that a successful plan will be implemented and ultimately succeed.

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Call Us Now

Phone: (604) 605-3335
Toll Free: (888) 850-6585
or use the Contact Form

We have offices located in Vancouver and Surrey.  We also provide services to residents and businesses in the Yukon Territory.

 

Looking for Forms?

We have a number of forms available for download here.

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