Corporate Turnarounds and Restructuring

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Corporate Turnarounds and Restructuring

Keeping your business stable, no matter what your situation

Do you need help with the resolution of an urgent situation in order to implement a quick change? Have revenues dropped? Debt increased? Accounts receivables far overdue? If so, you need the services of Hogg, Shain and Scheck for your business in the Greater Toronto Area.

Our professional staff shares a results-oriented and practical mind-set that fully understands that when a business is facing a troubling situation, failure is not an option. We will work with your senior executives in an environment that ensures dynamic restructuring with competing priorities. We manage the business liquidity and anticipate any unforeseen opportunities and risks – all while helping to communicate with important stakeholders and addressing the morale of your employees.

The deep expertise and understanding we have across a number of industries will allow us to quickly evaluate the primary issues and react immediately on your behalf and the behalf of your business. If you are in crisis, then our team will help to develop various liquidity forecasts, while obtaining additional financing, improving the management of your cash flow, negotiating loan covenant waivers, and helping to guide complicated restructuring of debt. We personally meet with creditors and banks, vendors, and other stakeholders on your behalf. We also offer advisory and analytical services for unsecured creditors and lenders of any distressed borrowers.

Is your business or company in a transition period, or having issues with restructuring, or even bankruptcy weaknesses? If so, we will help you to develop a comprehensive strategy to move forward. We cover all areas of turnaround management to ensure the restored financial health of your company.

With the help of our professional team at Hogg, Shain and Scheck, we will develop a clear and concise path that will provide visible and measurable results. Company restructuring is our business; let us work to find the proper path for your company to reach and maintain stability.

What our clients are saying

The latest from our Blog, News, and Events

  • CPA Not-for-Profit Forum 2019 is Around the Corner

    February 4, 2019 by

    CPA Canada is hosting the the Not-for-Profit Forum 2019, on February 6-7th.  One of the leading events for Not-for-Profit professionals in Canada, the forum is designed to drive the sector forward and help Not-for-Profit organizations adopt to the changing environment. Experienced industry professionals will raise current NPO sector issues and share their valuable advice and strategies.
    Read More


  • 2019 Automobile Deduction KLimits and Expense Benefit Rates for Business

    January 23, 2019 by

    •On December 27, 2018, the Department of Finance Canada announced the income tax deduction limits and expense benefit rates that will apply in 2019 when using an automobile for business purposes. The following two changes are effective January 1, 2019; •The tax-exempt allowance paid by employers to employees who use their personal vehicle for business
    Read More


  • 2019 Canada Pension Plan (“CPP”) Contribution Rates

    January 23, 2019 by

    The CPP contribution rates and maximums for 2019 are as follows: Maximum Pensionable Earnings $ 57,400.00 Annual Basic Exemption $ 3,500.00 Maximum Contributory Earnings $ 53,900.00 Contribution Rate 5.10 % (Employee and Employer) Maximum Employee Contribution $ 2,748.90 Maximum Employer Contribution $ 2,748.90 The Canada Revenue Agency (“CRA”) will gradually increase the contribution rates to
    Read More


  • Living on the Fringe

    January 18, 2019 by

    On January 14th, 2019, Hogg, Shain and Scheck attended Foreign Tongue, a Next Stage Theatre Festival performance presented by The Toronto Fringe, at The Factory Theatre. Both The Toronto Fringe Festival and The Factory Theatre are Not-for-Profit clients of the firm. Foreign Tongue is a new musical by a Toronto-based, Yugoslavia-born writer, Lola Xenos, that
    Read More