In a recent article in La Presse (available in French only), Davies partner Christian Lachance shares his insights on the potential impacts of a reduction in government subsidies on business restructurings and the steps that entrepreneurs can take to preserve their businesses.
Given the divergence in recovery rates across industries and locations, Christian believes that government aid measures should become more targeted “to support the provinces and sectors that need it most.”
Christian suggests that in order to avoid being caught off guard by the winding down of government assistance, entrepreneurs should be proactive and “not wait for the programs to end.”
He adds that during this time business owners should consult professionals to consider possible restructurings and other options to protect their financial health.
2023 Business Insolvencies in Canada
Mar. 05, 2024 - As we predicted in earlier issues of Davies Insolvency Now, the year 2023 reflected the anticipated increase in business insolvency activity. In this issue, we perform a comparative review of business insolvencies from 2023, examine the fluctuating volume and decreasing asset values, look...
Business Insolvency on the Rise in Canada: Understanding the Role of AI
Oct. 12, 2023 - The first half of 2023 saw a significant increase in business insolvencies as economic sectors responded to uncertain financial conditions in Canada and around the world. In this issue of Davies Insolvency Now, we examine the impact of this rolling recession by sector and region. We...
