Testimonials

"I appreciate everything you’ve done and taught me."

~J.

"To all the staff thank you very much for all your help and friendliness."

~LC

"Thank you all very much for everything."

~DKW

"We appreciate everything that you have done for us and we are enjoying life so much more now. Everyone in your office has been so nice and helpful. Thanks for helping us to understand each step of our bankruptcy."

~SR

"I met with you last week in regards to my financial situation. Though you were really unable to assist me you did give me some great advice."

~JS

"Bankruptcy is a difficult thing for anyone to experience, there is shame, fear and financial hardship to endure. I would like to take this opportunity to applaud you all on making this process so much easier for us."

~MD

"Thanks for all your assistance over the past year and being helpful, this is a hard thing for me. Your telephone manner is so helpful in easing my concern. Thank You!!!!!!!!!!!!"

~G.

"We want to take this opportunity to Thank You and all your staff for your exceptional competent and so friendly service you rendered to us. We will greatfully memorize the experience and remain at your service."

~HC

"Thanks very much, I appreciate all you and your company have put into my file."

~TJ

"Thank you for your wonderful support, guidance, patience, understanding and kindness. I am on the right path now with a fresh start. My son and I have a much brighter future and words could not express how thankful I am."

~FL

"Thanking you so much for your excellent service and making a pretty difficult year less difficult. Want to say all the best to you and your Company."

~LN

"Thanks for all your assistance over the past year."

~JM

"I just want to thank you again for your prompt attention to my situation. It was very much appreciated. Your efforts helped ease some of the stress of this difficult time."

~CE

"When I think of all the things you’ve done, I simply can’t just stop with one……So Thank You again and again……To Mr. Beverley and staff to help us through a very difficult time of our life and we truly appreciate your extreme kindness."

~MZA

"A simple Thanks to everyone for all your help and support. You have changed by life from worse to a better one."

~WG

"We want to Thank You and your team at Beverley & Associates for successfully negotiating our proposal."

~VM

"A very kind and friendly voice……..I was already feeling very bad about my situation and she was very comforting. Thank you. "

~SD

"Thank you for all your help. I really appreciate it."

~LS

"Thank you for your assistance and professionalism, it has been greatly appreciated."

~TC

"I’d like to take the time to thank you very much for all your help your staff and Mr. Beverley have given me to help make this as painless as possible."

~DH

"I have learned to budget better and make my dollar go further. I admit that I still need and have room for improvement, however you and your staff have helped me considerably."

~AV

"I would like to Thank You and your staff very much for helping me through one more very difficult time of my life."

~SG

"Thank you for all the “hand holding” over the past year."

~LP

"We would like to thank John S Beverley & Associates Inc. for giving us our lives back. The phone does not ring day and night and when it does ring there is a friendly voice on the other end. "

~WS

"I want to “Thank You” for all your help and more."

~TJ

"Your kindness was appreciated more than words can say…..Thank you very much…….I will never forget your kindness and competence in serving me."

~S.

"Thank you for making a difficult situation not so difficult."

~KR

"Thank you for making a difficult situation not so difficult. Thanks for your help and guidance during the black times of our bankruptcy. You bought peace and a ray of color in a dark time."

~RW

"Thanks for all your help it’s a big weight off my shoulders."

~CP

"Thanks for all your assistance over the past year and being helpful, this is a hard thing for me. Your telephone manner is so helpful in easing my concern. "

~GK

" I just want to wish Thank You for a job well done!!!!!"

~MP

"Thanks to Mr. Beverley and his staff for all your help."

~JS

"Thank you so much for helping me out here, from the bottom of my heart."

~SN

"Thank you for your patience and help this past year."

~JK

"Thank you for all your team’s hard work!!!!!!!!"

~JNP

"Thank you all for the help in the past, you are very nice people."

~JB

"Thank you for all your kind help."

~BA

"Thank you for helping us through a difficult financial time and also a difficult personal time in our lives. It was nice to deal with people who have integrity."

~TM

"I would like to thank you and your staff very much for helping me through one more very difficult time of my life."

~AB

"We appreciate the counselling and all the advice on our 2nd chance. Thanks for being there and giving us our “kick in the butt” when we needed it the most."

~LB

"Thank you for all the wonderful help along the way. We appreciate the counselling and all the advice on our 2nd chance. Thanks for being there and giving us our “kick in the butt” when we needed it the most. Thanks again."

~CEW

"Just a note of thank you and appreciation for your time and helpful information."

~PSR

"Thanks a million. You have been very kind, and I am most grateful."

~BB

"Thanks for your help and guidance during the black times of our bankruptcy. You bought peace and a ray of color in a dark time."

~LS

"Thank you very much for pulling me out of the hole in 2007. My life is back on track…You’re a godsend."

~HB

"It was all worth it, everything is going good now and I’ve already recommended you guys to a couple different people."

~W.

"Thank you very much for pulling me out of the hole in 2007. My life is back on track…You’re a godsend."

~GC

"I would like to thank you and your staff for making a situation that was personally uncomfortable better. Thanks a Million!!!!!!!"

~C

"What you do in regard to helping people to maintain self respect while learning to cope and face the realities of their financial situation, goes beyond mere words. We have learned so much and our future will be better for those reasons."

~KT

"I truly would like to thank you for all the help and wonderful service you have provided us. Thank you so much."

~CW

"This comes with appreciation for the thoughtfulness you’ve shown."

~RO

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Business Solutions

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Corporate & CCAA

If the difficulty is considered to be a one-off problem or a temporary set back it is possible that the company can be saved by a formal arrangement with the company's creditors. There are two types of arrangements available:

A corporate Proposal under the Bankruptcy & Insolvency Act, which is the most common solution.
A filing under the Companies' Creditors Arrangement Act (CCAA), which is mostly of value in complex and larger re-organizations. Companies such as Air Canada have utilized this process to restructure.

In order for a Corporate Proposal to succeed it will generally be necessary for the directors to show that:

The problem which caused the difficulties has been corrected.
The company can in future be profitable.
The creditors will receive a greater return than they would if the company was to be liquidated.
The creditors will generally receive a reasonable percentage of their money back from the proposal.

There are several other factors which will affect the likelihood of the success of a corporate proposal, such as;

The percentage of their debt the creditors would recover.
The existence of secured creditors.
The existence of Trust debts such as payroll deductions or GST/HST debt owed to the Government.
Actions already taken by the creditors.

It will be necessary for the directors to prepare a "statement of cash flow" for a reasonable period of time to show that there is a realistic possibility for the company to pay its ongoing commitments as well as being able to contribute funds towards the proposal.

If your business is a proprietorship, it is not considered a company but rather an extension of the owner. It is not a separate legal entity. All proprietorship debts are in fact the responsibility of the proprietor. Please therefore refer to options listed under "Personal Solutions".

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