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Canadian Guide to Troubled Businesses and Bankruptcies
Kenneth M. Tessis, B.A., CA·CIRP, FCAM, Jerrard B. Gaertner, SB, CA·CIRP, CISA, ISP, CIA
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Canadian Guide to Troubled Businesses and Bankruptcies is the first publication of its kind to deal with the legal, financial and operational issues facing the troubled business in Canada today. Simple to use and written to be understandable, the Guide covers a broad range of topics, many in considerable depth. Information provided is suitable not only for professional accountants and business advisors, but also for lawyers, insolvency and tax professionals and business owners concerned about their businesses and the protection of their personal assets.
The Guide is practical and results-oriented, but also provides an excellent overview of the formal processes underlying restructuring and insolvency. It includes numerous practice aids, worksheets and checklists, to facilitate implementing its recommendations.
Topics include: - Identifying the troubled business and early corrective action
- Bankruptcy and Insolvency Act and its practical application
- Reorganization and alternatives to bankruptcy
- Professional and risk management considerations when providing services to troubled clients
- Financial accounting and reporting for troubled businesses
- Taxation of insolvent and bankrupt companies
- Valuators and expert witnesses in insolvency proceedings.
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