Facts & Information Page:
Campbell Saunders Ltd. - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Bankruptcy

Formal Restructuring

Receiverships

COMPANY CONTACT INFORMATION:

Campbell Saunders Ltd.
#1000 570 Granville St
Vancouver , BC V6C 3P1
Website:http://www.csvan.com/

Customer Service Phone: 604-915-5555
Customer Service Fax:
Contact's Phone:604-915-5550
COMPANY INFORMATION AND BIOGRAPHY:

Campbell, Saunders Ltd. is one of British Columbia's top insolvency and restructuring firms. They are famous for their resourcefulness and problem solving expertise. They are dedicated to service to their clients and they have helped a lot of business owners and managers in resolving their financial concerns over 25 years.

They are skilled in handling companies having financial dilemmas. It is what Campbell Saunders Ltd. does. They recognize that the financial burdens faced by businesses during their financial difficulty can somehow be overwhelming and devastating. They are aware of the disappointment you experience when each of your creditors are demanding money that you do not have. They are familiar of the apprehension you are feeling when your bank ask you for a meeting to evaluate your poor financial performance.

They are delighted to see and talk with you without any obligation or charges but simply to talk about your business and attend to your problems. They can assess the financial status of your company and give details on the different alternative available to solve your
financial dilemma.

Product Name Product Description
Bankruptcy An insolvent business can file a proposal or a notice of intention to make a proposal. These two proposals can provide your company an absolute stay of proceedings from each of your creditors. If you start filing a Notice of Intention to Make a Proposal, the Stay of Proceedings will provide you a minimum of 30 days to create a plan to manage your creditors. The time period will be extended if you apply it to Court to have additional 45 days of extension to a maximum of 6 months. The intention of the Stay of Proceedings is to provide management required to create a Proposal to reform the business without having the risk of garnishments or other legal proceedings.

Provided that the Proposal is accepted by the majority of the creditors representing 2/3 of the value of the claims, the Proposal is tied on each creditor together with those who went against it.

The process of employing a successful Proposal is apparently more difficult compared to what they have depicted and entails a comprehensive evaluation and appraisal of the financial position of your company. They have helped many companies in implementing successful Proposals and they would be satisfied to meet with you to check the Proposal can aid you in saving your business.
Formal Restructuring An insolvent business can file a proposal or a notice of intention to make a proposal. These two proposals can provide your company an absolute stay of proceedings from each of your creditors. If you start filing a Notice of Intention to Make a Proposal, the Stay of Proceedings will provide you a minimum of 30 days to create a plan to manage your creditors. The time period will be extended if you apply it to Court to have additional 45 days of extension to a maximum of 6 months. The intention of the Stay of Proceedings is to provide management required to create a Proposal to reform the business without having the risk of garnishments or other legal proceedings.

Provided that the Proposal is accepted by the majority of the creditors representing 2/3 of the value of the claims, the Proposal is tied on each creditor together with those who went against it.

The process of employing a successful Proposal is apparently more difficult compared to what they have depicted and entails a comprehensive evaluation and appraisal of the financial position of your company. They have helped many companies in implementing successful Proposals and they would be satisfied to meet with you to check the Proposal can aid you in saving your business.
Receiverships Appointing a Receiver or Receiver-Manager is a helpful way that is only obtainable
by a secured creditor or the Court. When a secured creditor will lend some money to a business, it usually needs a General Security Agreement or other type of security. The security is then recorded with the Personal Property Security Registry.

In British Columbia, for all the parties that have observed that the company has guaranteed its assets to the secured creditor. The General Security Agreement more or less at all times tolerates for the appointment of a Receiver or Receiver-Manager within the security instrument. If your company fails to pay under the requirements of the security contract, the secured creditor has the right to claim payments of the amount you owe them. And if you are not able to pay, the secured creditor may assign a Receiver or Receiver Manager to implement its security.

Prior to the secured creditor in enforcing the security and employ on a Receiver, it should give you a Notice of Intention to Enforce Security pursuant to the provisions of the Bankruptcy and Insolvency Act. The Notice have to provide your company a minimum of 10 days to pay back the loan or address the default.