Facts & Information Page:
Abakhan & Associates Inc. - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Consumer Proposal

Corporate Insolvency

Bankruptcy

COMPANY CONTACT INFORMATION:

Abakhan & Associates Inc.
#1120 625 Howe St
Vancouver , BC V6C 2T6
Website:http://www.abakhan.com/

Customer Service Phone: 604-689-4255
Customer Service Fax:604-689-4277
Contact's Phone:(604) 689-4255
COMPANY INFORMATION AND BIOGRAPHY:

Abakhan & Associates Inc. is a firm of Trustees in Bankruptcy offering services concerning problems associated with bankruptcy and insolvency. It also caters personal bankruptcy, consumer proposals, corporate bankruptcy, receivership engagements, proposals and agency appointments.

In addition, Abakhan & Associates Inc. is giving a full range of consulting services to corporate clients. It comprises Operational Reviews, Corporate Strategy Reviews, Continuous Improvement Program Development and Implementation, Business Turnarounds, Corporate Restructuring and Refinancing, Mergers and Acquisitions, Divestures, Advisory Services on Corporate Wind-Ups and Advisory Services to Owner-Managed Enterprises.

The mission of the company is to give solutions to clients and stakeholders in the activities in which they are working on. The team of professionals in Abakhan & Associates Inc. is always ready to help and assist you with your financial concerns.

Product Name Product Description
Consumer Proposal A company is considered as technically insolvent if it is not capable in meeting its existing responsibilities. With that, insolvency can be a short-term action to have and subsequent be treated. Technical insolvency is the result of lack of liquidity. Insolvency in bankruptcy shows that the liabilities of a company go above its assets. It means the net worth of the company is negative.

Financial failure would comprise the full range of possibilities among these extremes. The solutions offered to save a deteriorating company which will vary depending on the severity basing it on the degree of the financial involvedness.

A lot of failing firms can be restructured to the advantage of the creditors and shareholders. Even if the main function of a liquidation or reorganization is to look after the creditors, the welfare of the owners is also well thought-out.
Corporate Insolvency A company is considered as technically insolvent if it is not capable in meeting its existing responsibilities. With that, insolvency can be a short-term action to have and subsequent be treated. Technical insolvency is the result of lack of liquidity. Insolvency in bankruptcy shows that the liabilities of a company go above its assets. It means the net worth of the company is negative.

Financial failure would comprise the full range of possibilities among these extremes. The solutions offered to save a deteriorating company which will vary depending on the severity basing it on the degree of the financial involvedness.

A lot of failing firms can be restructured to the advantage of the creditors and shareholders. Even if the main function of a liquidation or reorganization is to look after the creditors, the welfare of the owners is also well thought-out.
Bankruptcy Abakhan & Associates Inc. is a firm of Trustees in Bankruptcy offering services with different kinds of problems concerning bankruptcy and insolvency. The Powers and Duties of a Trustee is that the Trustee can do various things as what a lawyer does. They can loan for additional money for the business to use through a pledge or mortgage with the remaining free assets and confer with creditors for the approval regarding payment of the debts.

The Trustee can also take on with the bankrupt debtor in assisting in the supervision of the bankrupt estate. In doing these things, however, the Trustee should have definite authority from the inspectors.

A trustee has also the authority and responsibility to recover property that were under bankruptcy law and must form part of the debtor’s estate. With that, it will then be presented to assure the claims of creditors. And lastly, the trustee allocates liquidating shares to the creditors once in a while as obliged by the inspectors and as realization of the debtor’s assets permits. In doing all of these, the trustee must be cautious in taking account of the claims of the secured and preferred creditors.