At the request of a company’s primary secured lender, MNP will be engaged to review the company’s current financial position and future business prospects including an analysis of the secured creditor’s security position and the status and priorities of other creditors.
Read more about - Viability Assessment
When a company’s assets and/or a creditor’s security may be at risk, MNP can be appointed by the Court as Interim Receiver to take possession of the assets and exercise control over them and the company’s operations.
Read more about - Interim Receiver
When a company is in the process of implementing a strategy for turnaround, an MNP Restructuring Professional can serve as a monitor on behalf of a secured creditor. In these situations, the company often faces conflicting demands from its stakeholders on a regular basis. To alleviate the pressure, MNP will oversee the operations and provide the secured creditor with regular, independent reporting updates on your company’s progress and notify them of changes in your overall security position.
Read more about - Monitor Appointments
In situations where the company refuses to voluntarily make an assignment in Bankruptcy, one or more creditors may apply for a Court ordered Bankruptcy. In adversarial situations between creditors and a company, an application to Court for a Bankruptcy Order and the appointment of a Trustee may be necessary.
Read more about - Bankruptcy
Before determining the optimal form of appointment, there are a variety of issues, mechanisms and legislation to consider. MNP assists creditors in protecting or liquidating the assets they hold as collateral or operating and selling the business as a going concern vis-à-vis a private or Court appointed Receiver.
Read more about - Receivership