Our Services
We focus on a few key areas of service – business restructuring, consumer debt restructuring and
business law services.
1
Business Restructuring
Small and medium-sized enterprises (SMEs) and entrepreneurs in financial distress face a very unique set of immediate challenges. Most business owners are not trained in financial restructuring. This is a time for timely decision-making and a proactive approach to the financial challenges facing the business.
​
Our approach is to immediately stabilize the situation and to quickly develop effective plans to ensure short-term survival and set the business up for long-term success. Trivista looks out solely for the interests of its clients, not their creditors, to find the most effective solutions for the business and the business owners while helping them to avoid bankruptcy.
Debt restructuring can involve informal restructuring or in more complex cases, formal restructuring under the Bankruptcy and Insolvency Act (BIA).
Informal debt restructuring means negotiating directly with each creditor, supplier, and potentially CRA. The end result can be any or all of a one-time settlement of delinquent debt, modification of secured lending agreements, or a new payment arrangement with CRA.
​
Formal debt restructuring involves obtaining legal protection from the actions of creditors by using the Bankruptcy and Insolvency Act.
2
Consumer Debt Restructuring
For a small business, a financial problem for the business usually means a financial problem for the owner. Even if a business is incorporated, personal guarantees signed with banks and creditors will come back to the owner if the business fails as well as director liability on tax debt. A client may be able to complete an informal restructuring with a few key creditors or may need to do a formal restructuring by filing a proposal under the BIA with a Licensed Insolvency Trustee. Trivista Law can help clients navigate both of these options.
3
Business Law Services
Once the restructuring process is complete, we can assist with incorporating a new company and acting as the registered and records office for the company.
​
We also provide a wide range of business law services in a variety of industries. We draft many types of commercial contacts and advise on business law matters.
