Businesses across all industries and sectors are seeing varying levels of financial related crisis during this pandemic. There is no one sized fits all solution to address these diverse scenarios. Those in a low crisis state may look at remapping their debt repayment strategy or they may create a direct plan of action to ease external party concerns. Those in high crisis businesses may be looking for more drastic measures and will move to liquidate assets.
 
Having a full understanding of what options are available can be challenging. Should you consider restructuring? Receivership? Liquidation? How do you know what level of crisis your business may be in? MNP’s John Haralovich will walk through some of the options available to business owners to help address business debt in the age of COVID-19.



John Haralovich, CIRP, LIT, CPA, CA, CMA, CFE, is a Senior Vice-President with MNP serving the  Ottawa region, Eastern Ontario and Western Quebec. Drawing on more than three decades of of financial advisory experience, John provides tailored solutions to individuals and companies experiencing financial difficulties. 

John — whose extensive experience includes corporate and consumer insolvency, strategic and day-to-day financial management — performs risk assessments and business reviews, budget preparation and analysis and business combinations and acquisitions for a wide range of industries. 

He is skillful at successfully negotiating additional financial commitments, extension of credit terms and / or amendments to existing credit facilities. John has served as a corporate restructuring officer, securing institutional financing and negotiating debt settlements for Canadian and U.S. controlled companies. 

John is a Licensed Insolvency Trustee (LIT), Canadian Insolvency and Restructuring Professional (CIRP), Chartered Professional Accountant (CPA), qualifying as a  Chartered Accountant (CA). He is a Certified Management Accountant (CMA) and Certified Fraud Examiner (CFE).