Home » Our services » Business Solutions

Business Solutions

5.4.0.3.1

The Confidence of Experience

5.4.0.2.1

We’re Known by the Companies We Keep in Business

5.4.1.0.1

Providing Financial Restructuring and Insolvency Advice Since 1977

Doyle Salewski Inc. was founded in 1996 to provide financial advisory services to both debtor companies and creditors as independent, objective consultants and Trustees.

Using our collective skills as Chartered Accountants, Trustees in Bankruptcy, forensic accountants and business consultants, the professional team at Doyle Salewski seeks to establish a creditor-interactive environment to optimize insolvency situations, shareholder disputes and litigation support. We are leaders in providing services for the best resolution of all stakeholders in a crisis situation.  Unlike major competitors, our clients are assured that we can objectively provide these services and not be hampered by conflicts of interest and professional relationships which may be detrimental to performance and objectivity.

When necessary, financial reorganization, actions to halt creditor intervention, stay of proceedings, or proposals to creditors can be effected under the Bankruptcy and Insolvency Act (BIA) or the Companies’ Creditors Arrangement Act (CCAA) legislation.  Doyle Salewski Inc. can serve as Trustee under a BIA proposal or as monitor under a CCAA reorganization.

We also act in situations where our engagement does not require formal appointment as a monitor or trustee.  Particularly, we provide independent and objective assistance to companies who require restructuring and reorganization or financial counselling.

The professionals at Doyle Salewski can assist you with Corporate Finance & Consulting or Insolvency & Restructuring Services in a wide variety of ways.  Corporate finance and consulting includes corporate finance, management consulting, business reviews, viability assessments, divestitures, litigation support, forensic accounting, and mergers and acquisitions.  Insolvency and restructuring services include reorganizations, creditor arrangements, financial consultation, stay of proceedings, debtor counselling, proposals, bankruptcy services, and CCAA.  See below for more information regarding these types of services.

Corporate finance

Doyle Salewski can assist clients in corporate finance, including structuring of transactions, business plans, client prepared pro forma financial statement preparation and sourcing of funds. Doyle Salewski also provides in-house Bank advisory expertise to small and medium size enterprises. Our banking consultant, with years of experience with one of Canada’s largest Banks, works to structure and source lines of credit, term loans and commercial mortgages from financial institutions.

Management Consulting

Doyle Salewski professionals and Associates provide management and financial consulting. Based on our academic and professional qualifications, our experience in guiding client organizations and our participation and direction of specific client initiatives, projects and undertakings, we can provide assistance in a broad range of issues and challenges facing corporations today.

We have assisted in and conducted strategic planning sessions for corporations and professional firms and developed business plans including pro-forma financial information. Besides general management, other topics of expertise include marketing, feasibility studies and administration.

Business Reviews

The Principals of Doyle Salewski have undertaken many reviews of businesses to assess their efficiency, effectiveness and profitability. Based on a combination of interviews, research and financial analysis, we are able to assist in portraying an accurate picture of the organization. This business review can be used to assist in strategic planning, obtaining financing and improving management performance.

Viability Assessments

Corporations, partnerships and other business entities may be reviewed from time to time by their bankers, creditors, shareholders and stakeholders as to their viability and to assess their risks. Doyle Salewski can assist to detail the key risks to an organization and provide additional information to enable the designated reader with information necessary to their decision making processes.

Divestitures

Doyle Salewski has acted for a number of entities in the divestiture of all or segments of their business and/or operations. This requires the development of an in-depth divestiture document to allow for the marketing of the entity to perspective purchasers.

Litigation Support

Doyle Salewski provides its expertise to assist and support legal counsel in reviewing relevant data, presenting evidence to the Court for the Court’s consideration by acting as an expert witness in insolvency matters, family law issues, civil and criminal actions or in the quantification of losses.

Forensic Accounting

Doyle Salewski maintains expertise in-house and through its Associates to assist clients who require forensic accounting or other investigatory services, including investigation of internal and external fraud, questionable business practices of customers, employees or suppliers, and employee defalcations. Doyle Salewski has substantial prior experience in issues of investor fraud.

Mergers & Acquisitions

Doyle Salewski can provide the expertise required to assess, source financing and finalize acquisitions either through mergers with existing entities or outright acquisitions. Doyle Salewski can be an effective part of the Management Team required for a successful acquisition.

Reorganizations

The principals of Doyle Salewski have acted in many reorganizations to assist companies in effecting internal and external changes in order to compete in today’s marketplace. From lines of business to personnel, from sourcing financing to restructuring under a formal insolvency process, we have successfully participated in the redeployment and realignment of a Corporation’s resources.

Creditor Arrangements

In a cash flow crisis and in order to avoid the expense and formality of a formal insolvency proceeding, sometimes arrangements with specific creditors can be structured in order to preserve key supplies to the organization while deferring creditor action respecting enforcement proceedings for collection of their outstanding accounts. Often these types of agreements are individually structured with each significant creditor. These negotiations and agreements require experience in these types of negotiations in order to bring both parties together for their mutual benefit and to minimize legal costs.

Financial Consultation

In many instances a Corporation or business entity will require financial expertise in respect of cash-flow management, insolvency, financing, banking, etc. Doyle Salewski is available upon demand to attend at a Company’s premises and to immediately review and assess a situation in order to commence a financial reorganization. Further, where urgency is not required, we can work with Management to develop a plan to reorganize the Company’s finances so that interest costs are lowered, cash-flow stress is minimized and relationships are improved with lenders.

Stay of Proceedings

A stay of proceedings is available for an initial 30-day period and an extension of up to 5 additional months, if approved. It allows accounts receivables to be collected and cash flow to be utilized where needed (such as inventory or payroll). It also provides time to design an achievable and feasible restructuring plan. A stay of proceeding stops immediate creditor intervention actions.

Debtor Counselling

A Company in financial difficulty does not often know where to turn in order to best utilize its dwindling financial resources and to strategize, most particularly, for survival in order to maximize cash-flow and preserve valuable assets. The Principals of Doyle Salewski, through many years of assisting companies in financial difficulty, can provide debtor counselling on an immediate basis.

Proposals

Whenever possible, Doyle Salewski utilizes proposals under the Bankruptcy and Insolvency Act as opposed to other formal insolvency measures to restructure viable businesses. Most often, this results in greater realizations, lower professional costs, and a continuation of all or a part of the business. Corporate proposals, under the Bankruptcy and Insolvency Act (BIA) and plans of Arrangements made under the Companies’ Creditor Arrangements Act (CCAA) allow for insolvent companies to restructure, reorganize and to continue as viable entities.

Bankruptcy Services

Our clients are assured that we can objectively provide these services and remain unencumbered by conflicts of interest and professional relationships which may be detrimental to performance and objectivity.

We can also act in situations where an engagement does not require a formal Appointment as a Monitor, Agent, Receiver or Trustee. Particularly, we provide independent direct assistance to companies requiring restructuring and reorganization or financial counselling.

CCAA

A Plan of Arrangement made under the Companies’ Creditor Arrangements Act (CCAA) allows for insolvent companies to restructure and reorganize and to continue as viable entities. Plans of Arrangement under the CCAA are for larger, complex insolvencies and require a minimum debt of $5,000,000. Restructuring may include downsizing of operations or divestiture of segments of a business. It typically includes extended payment terms designed for the continuation of the debtor’s business.