Creditor Services
Ira Smith Trustee & Receiver Inc. assists secured lenders and unsecured creditors with legal and business challenges created by dealing with troubled or distressed companies. We represent the many parties affected by the insolvency process, including purchasers, lender syndicates, secured and unsecured creditors and suppliers. Given the depth of experience we have in advising debtors, we are uniquely positioned both in our knowledge of and relationships in the debtor market, which we bring to bear in performing our creditor services.
Trusted Business Advisors
We act as your trusted business advisor to assess your credit exposure and provide you with realistic business advice as to how to improve your position and increase the likelihood of collecting your outstanding funds. Our services to creditors include
- Business viability reviews
- Advisory work on troubled credit situations
- Rehabilitation of troubled companies you wish to lend to or invest in, including Turnaround Management
- Restructuring under either the Companies' Creditors Arrangement Act or the Bankruptcy and Insolvency Act
- Liquidator, Interim Receiver, Receiver and Manager or Trustee in Bankruptcy
Starting now
Secured lenders and unsecured creditors can't wait for the "office to open". When faced with a supplier or borrower in financial distress, a creditor's ability to protect its interests and enforce its rights quickly may make the difference between payment and loss. The Ira Smith team is unique in meeting urgent needs of your current environment with advisors available seven days a week. As soon as you place a call, we get to work for you, put an immediate plan in place, and start the process for dealing with the longer-term situation.
