Tag: insolvency advice

Financial Reorganization Services vs. Small Business Bankruptcy in Ontario: Which Is Undeniably Right for Your Company?

Post author By Ira Smith
Post date October 5, 2026

I hope you, your team and your business are safe and well. If your company is under financial pressure, please know that this situation is not a personal failure. Many capable business owners face periods when cash flow, debt and creditor demands become difficult to manage. Seeking advice early is an act of responsible stewardship, not a cause for shame.

When a business is in financial trouble, the instinctive question is often, “Is this bankruptcy?” The more useful first question is, “Is this business viable so that it can have a successful financial reorganization?” At Ira Smith Trustee & Receiver Inc., we help owners examine both possibilities calmly and practically so they can make informed decisions before their options narrow.

Reorganization Key Takeaways

Informal reorganization may provide the fastest and least expensive solution, but it depends on creditor co-operation and does not provide a legal stay of proceedings.
A Division I Proposal in Ontario is a formal reorganization process under the Bankruptcy and Insolvency Act that can allow a viable corporation to continue operating while compromising eligible debts.
Corporate bankruptcy generally involves the sale or liquidation of company assets and normally brings the company’s operations to an end unless a purchaser acquires the business assets in order to carry on the business in a new corporation.
A corporation’s insolvency does not automatically eliminate the owner’s personal exposure. Personal guarantees and certain director liabilities must be reviewed separately.
Early advice from your accountant and a Licensed Insolvency Trustee can help preserve lifelines that may not be available later.

Reorganization Highlights

Is this bankruptcy, or is it a reorganization?
What are financial reorganization services?
What does a Division I Proposal actually do for my company?
When is small business bankruptcy in Ontario the more honest answer?
Could I be personally liable for company debt?
Which option may fit my business?
What warning signs should I not ignore?
What should I do if my company may be in trouble?
Frequently Asked Questions (FAQ)

Is this bankruptcy, or is it a reorganization?

Insolvency means a company cannot meet its obligations as they become due, and/or its assets are not sufficient to pay its liabilities. Insolvency does not always mean that the underlying business has no future.

A company may have loyal customers, valuable employees, a sound product and a realistic path to profitability, but still be overwhelmed by accumulated debt, rising costs or a temporary cash-flow crisis. In that situation, financial reorganization services may help separate a viable operating business from an unsustainable debt structure.

Bankruptcy is different. It is generally a liquidation process. The company’s assets are placed under the control of a Licensed Insolvency Trustee, realized or sold, and the proceeds are distributed to creditors according to the statutory priority rules.

The earlier we assess the facts, the more clearly we can distinguish a temporary cash-flow problem from a business model that is no longer viable. That distinction matters because reorganization works best when there is still something worth preserving.

What are financial reorganization services?

Financial reorganization services can include informal negotiations, formal proceedings or a combination of both. The right approach depends on the company’s cash flow, assets, operations, creditor relationships and future prospects.

Informal reorganization

An informal reorganization does not involve filing a formal proceeding under insolvency legislation. The company may negotiate directly, or with the assistance of an advisor, with:

Lenders and other secured creditors;
The Canada Revenue Agency;
Landlords;
Suppliers;
Employees and other stakeholders.

Possible arrangements may include revised payment terms, interest relief, a standstill, a rent deferral, a new financing arrangement or a negotiated settlement.

This is often the fastest and least expensive path. However, it depends on creditor goodwill. A creditor can generally change its position, continue collection activity or enforce its rights if no binding formal protection is in place. There is also no automatic legal stay of proceedings.

Informal reorganization can be an effective lifeline when creditors believe the company has a credible plan and the business communicates openly. It becomes much harder when negotiations begin only after enforcement has started.

Reorganization: What does a Division I Proposal actually do for my company?

A Division I Proposal, also called a commercial proposal in Ontario, is a formal offer to creditors under Part III, Division I of the Bankruptcy and Insolvency Act. A corporation files the proposal through a Licensed Insolvency Trustee.

The proposal may offer creditors a portion of what they are owed, paid over time or through another arrangement. If it is accepted by creditors and approved by the court, the company may continue operating while completing the proposal.

A company may begin by filing a Notice of Intention to Make a Proposal. In general terms, this provides a period of protection while the company develops its proposal. A proposal can also be filed directly in appropriate circumstances.

The filing triggers an automatic stay of proceedings under the BIA. The relevant stay provisions include section 69(1) for a Notice of Intention and section 69.1 for a filed proposal. Subject to statutory exceptions and court orders, the stay generally halts collection activity, garnishments and most enforcement action against the company and its property.

Creditors vote on the proposal. In general, acceptance requires:

A majority in number of the voting unsecured creditors; and
At least two-thirds in value of the voting unsecured creditors.

Creditor approval is not the only step. The court must also approve, or sanction, the proposal before it becomes binding under the legislation.

A Division I Proposal can be a powerful option, but it is not risk-free. If creditors reject the proposal, the court fails to approve it, or if the proposal fails to proceed as required, usually because the company fails to perform the entire accepted and approved proposal, the company is generally deemed bankrupt. That is why the proposal must be based on realistic cash-flow forecasts rather than optimism alone.

The Companies’ Creditors Arrangement Act, or CCAA, is another reorganization tool. It is used for larger and more complex insolvencies, involving at least $5 million in debt, and is typically outside the reach of a small business. A Division I Proposal is more commonly considered for small and mid-sized Ontario corporations.

When is small business bankruptcy rather than financial reorganization in Ontario the more realistic answer?

Small business bankruptcy in Ontario may be appropriate when the underlying business is not viable, and there is no realistic path to stable operations.

In a corporate bankruptcy, the Licensed Insolvency Trustee takes control of the company’s assets, subject to the rights of secured creditors and other legal considerations. Assets may be sold individually or as an operating business. The proceeds are distributed to creditors according to the statutory priority order.

The company normally ceases operating as its own business. However, a purchaser may acquire some or all of the assets and continue the business in a new ownership structure. The outcome depends on the assets, contracts, employees, financing, market and available buyers.

Bankruptcy does not mean that the owner automatically loses everything personally. A corporation is a separate legal entity. However, the owner’s personal exposure is a separate and important question that must be examined carefully.

Comparison of the main paths

Dimension	Informal reorganization	BIA Division I Proposal	Corporate bankruptcy
What it is	Direct negotiations or an advisor-supported arrangement with creditors and stakeholders.	A formal offer to compromise corporate debts under the Bankruptcy and Insolvency Act.	A formal liquidation and realization process administered under the BIA.
Legal protection	No automatic stay of proceedings. Protection depends on negotiated agreements.	An automatic stay generally applies under the BIA, subject to statutory exceptions and court orders.	A stay may apply in the bankruptcy, but the trustee administers the estate and realizes assets for creditors.
Who approves or controls it?	The company and participating creditors negotiate the terms.	Creditors vote, and court approval is required. A Licensed Insolvency Trustee administers the process.	A Licensed Insolvency Trustee administers the estate, subject to the BIA and creditor and court processes where applicable.
What happens to the business?	The company continues if negotiations succeed and cash flow can be stabilised.	The company may continue operating while completing the approved proposal.	The company generally stops operating unless assets or the business are sold to a purchaser.
Typical cost and timeline	Usually the least expensive and fastest, but highly dependent on creditor co-operation.	More formal, with professional, filing and court-related costs; timing varies with complexity.	Costs and timing depend on the assets, claims, investigations, litigation and distribution process.
Who it generally suits	A business with a credible plan and creditors willing to co-operate.	A viable or potentially viable business needing legal protection and a formal compromise of debt.	A business with no realistic reorganization path or where liquidation is the most responsible outcome.

CCAA proceedings are a separate, court-supervised reorganization regime generally used for larger companies that meet the statutory requirements, commonly including at least $5 million in debt.

Reorganization: Could I be personally liable for company debt?

This is one of the most important questions for an owner. Corporate insolvency and personal insolvency are not the same thing.

Personal exposure may arise from:

Personal guarantees given to banks, equipment financiers, landlords or suppliers;
Joint debts or co-signed obligations;
Director liability for certain unremitted source deductions under the Income Tax Act;
Director liability for certain amounts owing under the Excise Tax Act, including some HST obligations;
Other statutory obligations that may survive the corporation’s insolvency.

A corporate reorganization may therefore need to be coordinated with a personal solution for the owner. Depending on the facts, that could include a consumer proposal or another personal insolvency option.

Do not assume that incorporating your business eliminates every personal risk. Do not assume that a personal guarantee will disappear because the company files. We recommend reviewing guarantees, tax accounts, shareholder loans and personal assets with your accountant and a Licensed Insolvency Trustee before taking further steps.

Which option may fit my business?

Reorganization may fit better when:

The business has positive cash flow or a credible plan to reach it;
Key customers, contracts and revenue remain intact;
The core products or services are commercially sound and sought after;
Employees and management can continue operating the business;
Creditors are likely to support a reasonable plan.

Bankruptcy may be the more honest answer when:

The company is losing money with no credible turnaround plan;
The owner is funding ongoing losses with personal savings or credit;
Major customers or revenue sources have disappeared;
The business cannot maintain payroll, taxes or essential suppliers;
Creditor support is unrealistic.

The goal is not to preserve a business at any cost. The goal is to make a responsible decision that protects value, reduces uncertainty and gives the owner a path forward based on business viability.

Reorganization: What warning signs should I not ignore?

Please seek advice promptly if your company:

Cannot pay payroll or source deductions on time;
Uses HST collected from customers and employee source deductions to fund operations;
Has maxed-out revolving credit or a lender that has stopped advancing funds;
Has received a CRA demand, requirement to pay or garnishment;
Is being moved to cash-on-delivery terms or cut off by suppliers;
Faces a landlord’s threat of distress or lease termination;
Is losing key employees because of financial uncertainty; or
Has received demands under personal guarantees.

These signs do not automatically determine the answer. They do indicate that time is running out and the company’s options should be assessed now rather than later.

Reorganization: What should I do if my company may be in trouble?

I suggest the following general steps:

Gather the records. Assemble current financial statements, bank statements, tax filings, aged receivables and payables, loan documents, leases, payroll records and creditor correspondence.
Understand the real numbers. Prepare a realistic short-term cash-flow forecast. Identify what must be paid to keep the business operating and what debts are already overdue.
Speak with your accountant. Your accountant can help assess profitability, tax reporting, working capital and whether the operating business is fundamentally viable.
Consult a Licensed Insolvency Trustee early. A trustee can explain informal reorganization, a Division I Proposal, bankruptcy and the potential consequences of each.
Review personal exposure. Identify every personal guarantee, shareholder loan, tax obligation and jointly held asset.
Be cautious with personal funds. Before using personal savings, credit cards or a second mortgage to fund ongoing losses, obtain advice about whether that money is likely to change the outcome.

Taking these steps does not commit you to bankruptcy. It gives you information. Information restores control.

Reorganization Frequently Asked Questions (FAQ)

Can I file bankruptcy and keep my business?

A corporation can technically continue operating in limited circumstances, but corporate bankruptcy generally involves the trustee realizing on company assets and the business ceasing as the existing legal entity. A purchaser may acquire the assets and continue operations. The answer depends on the company’s structure, assets, contracts and creditor rights.

Does bankruptcy personally wipe out my guarantees?

No. A company’s bankruptcy does not automatically eliminate personal guarantees. The lender or supplier may pursue the guarantor according to the guarantee and applicable law. Personal exposure should be reviewed separately.

What happens if creditors reject my proposal?

A rejected Division I Proposal results in the company being deemed bankrupt. There are important procedural and legal details, so the proposal process should be planned carefully with a Licensed Insolvency Trustee.

Can I reorganize CRA debt?

Some CRA debts may be addressed through a formal proposal, but tax debts can involve trust claims, director liability and other statutory issues. Do not assume that all CRA debt is treated the same way. Obtain advice based on the company’s tax accounts and payment history.

Will my employees be paid?

Payroll obligations should be assessed immediately. In a bankruptcy or receivership, eligible employees may have claims under the Wage Earner Protection Program, subject to its rules and limits. A trustee can explain the process, but owners should not delay addressing unpaid wages or source deductions.

How long does the process take?

There is no single answer. Informal negotiations may move quickly, while a Division I Proposal involves preparation, creditor voting and court approval. Bankruptcy timelines depend on the company’s assets, claims, investigations, litigation and distribution issues.

Should I wait until a creditor sues?

Usually, no. Waiting may reduce the available options and make an orderly reorganization more difficult. Early advice is not an admission of defeat. It is good business judgment.

Starting Over, Starting Now

Don’t let financial uncertainty dictate your future. If you or your business is struggling with debt, losing sleep, or facing legal action, contact Ira Smith Trustee & Receiver Inc. today.

We offer a free, confidential consultation to discuss your situation, explain your options in plain language, and help you develop a clear, actionable plan. Our team of Licensed Insolvency Trustees is dedicated to providing the compassionate, professional support you need to regain control and achieve a debt-free life.

Take the first step towards a brighter financial future, call us now.

Phone: 905.738.4167
Toronto Line: 647.799.3312
Evening and Weekends: 289.670.7500
Website: irasmithinc.com
Email: ira@irasmithinc.com

Ira Smith Trustee & Receiver Inc. is licensed by the Office of the Superintendent of Bankruptcy. Ira and Brandon Smith are members of the Canadian Association of Insolvency and Restructuring Professionals.

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Disclaimer: This analysis is for educational purposes only and is based on the cited sources and professional expertise as a Licensed Insolvency Trustee. The information provided does not constitute legal or financial advice for your specific circumstances. Every situation is unique; the outcomes discussed may not apply to your particular case. Please contact Ira Smith Trustee & Receiver Inc. to discuss your specific needs.

About the Author:

IRA SMITH is President of Ira Smith Trustee & Receiver Inc., a CPA CA and a Licensed Insolvency Trustee serving clients across Ontario. His experience includes consumer insolvency and complex court-ordered receivership and corporate bankruptcy administration, giving him practical insight into navigating challenging financial situations to achieve optimal outcomes for businesses, creditors and professionals. Ira and Brandon Smith stay current with landmark developments in Canadian insolvency law, ensuring his clients benefit from a cutting-edge understanding of their rights and options.

#FinancialReorganization #Reorganization #SmallBusinessBankruptcy #OntarioBusiness #CorporateReorganization #DivisionIProposal #BusinessDebt #InsolvencyAdvice #GTAEntrepreneurs #StartingOverStartingNow

Brandon Blog Post

CANADA INSOLVENCIES EXPECTED TO JUMP SAYS EVERY AUTHORITATIVE PUNDIT AND INSOLVENCY INSIDER

Post author By Ira Smith
Post date February 1, 2021

We hope that you and your family are safe, healthy and secure during this coronavirus pandemic.

Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting.

If you would prefer to listen to the audio version of the Canada insolvencies Brandon blog, please scroll to the bottom and click play on the podcast

Canada insolvencies introduction

Ideally, if the debt was free as well as limitless, most of us would certainly be able to spend for whatever we wanted with a couple of swipes on our credit card. Companies would be able to buy supplies and also pay salaries simply by borrowing a lot more from their lender. There would be no Canada insolvencies and I guess I would be out of work!

But when the credit crisis struck at the start of this century, it revealed simply how much complimentary and limitless credit there really was, and also the number of people who had been living beyond their means with massive huge debt loads for years.

In 2020, the coronavirus pandemic struck the globe. Every country’s health system has been exhausted to the max. Governments initiated widespread lockdowns and strove to maintain their respective economies afloat. Canadian workers lost their jobs or otherwise having their income considerably decreased because of stringent lockdown measures. This required the federal government to bring in several assistance programs for individuals as well as businesses under the banner of Canada’s COVID-19 Economic Response Plan. Household support measures were imperative.

Every pundit, economist and insolvency insider forecast that Canada insolvencies would jump in 2020. They didn’t. I discuss why and what it means.

What Canada insolvencies mean

As I have written many times in the past, the word insolvency refers to a financial condition in which a person or business is not able to pay its financial obligations. The sensation of being in debt can be an extremely frustrating scenario. The thought of being not able to settle your debts is impending darkness that can seem impossible to get rid of.

As I have promoted many times in my blogs about Canadian households and family budgets, your charge card must continue to be securely in your pocket most of the time. You only should utilize it to acquire things you’ve budgeted for. Nonetheless, if you find yourself not able to pay your credit card bill, you might run the risk of dealing with a scenario known as insolvency. If you have a large amount of debt or restricted earnings, the concern of insolvency needs to be a large motivator for you to do something about it. It causes strains in households.

Limited, lowered or no revenue, whether you are an individual or a company, has actually been the result for lots of Canadians due to the coronavirus pandemic. The provinces, including Ontario, implementing lockdowns of differing degrees has also been a cause. The federal government had no choice but to generate its economic response plan to make aid payments to individuals and companies. Pundits had actually been anticipating a rise in insolvency volumes since the 2nd quarter of 2020.

Global insolvency insider forecasts said there would be a rise in Canada insolvencies and elsewhere in 2020

Insolvencies in the UK were anticipated to leap to record levels by 27% in 2020. That was exposed in a financial study called the Atradius Insolvency Report. Atradius is a leading trade credit insurance firm. It also forecasted that every major economy in all countries, except for China, was anticipated to enter an economic downturn in 2020 with international GDP forecast to contract by 4.5%. This would make it a much more intense recession in magnitude than the Great Recession of 2009. Naturally, COVID-19 was the reason.

Euler Hermes, a trade insurance firm, reported that it predicted that governments around the globe are clambering to save companies battered by coronavirus lockdowns. They said the world is nonetheless encountering a huge rise in insolvencies by one-third in 2020 and also 2021.

In Canada, increased food prices, loss of income and a cost of living have many individuals struggling monetarily. Credit card debt is surging and that is what might push numerous people over the edge. Statistics Canada just released a preliminary estimate that 2020 GDP reduced by 5.1% over year-earlier levels which is the worst year in over 6 decades. The federal government will certainly be presenting a new budget to try to kickstart Canada into an economic recovery. Predictions for later in 2020 also had Canada insolvencies rising.

What really happened in 2020 Canada insolvencies

Nonetheless, as 2020 finished, Canada insolvencies including personal bankruptcies went to a 24-year low. The 2020 trend in insolvencies was a continuing descending pattern. There’s been no spike in personal and business bankruptcies notwithstanding lots of financial difficulty in our country. There was no surge in Canada insolvencies. The opposite was true.

I have previously written on the decrease in Canada insolvencies. In my view, the main factors for the record low Canadian personal insolvencies and corporate insolvencies, including bankruptcy filings in 2020 were:

federal and provincial government support measures including the Canada Emergency Response Benefit (CERB), Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Business Account (CEBA), which had an increase from $40,000 to $60,000
mortgage debt payment deferrals
the courts having been closed for many months so nobody could get sued

So the predictions for 2020 regarding the level of insolvencies did not come true as there was a continuing decline in insolvencies. So now, each economist and all the pundits have just kicked their signs of increases in insolvencies predictions down the road and claim that 2021 will be the year for the big jump in corporate and Canadian consumer insolvencies. The main reason cited for these 2021 insolvency forecasts is that as far as we know now, the COVID-19 relief programs will wind down. Canada, like most other nations, is not expected to return to a pre-pandemic level for some time.

How do you prove insolvency?

Canada’s insolvency laws are fairly straightforward. The two main options for an individual who cannot pay all their debts are also straightforward under the Bankruptcy and Insolvency Act (Canada) (BIA). You either file for an individual consumer proposal or personal bankruptcy.

For insolvent corporations, there are options for them under the BIA too. They can restructure and reduce their debts through a Division I Proposal. Alternatively, a company can file for bankruptcy. For companies with debts greater than $5 million, they could choose to restructure by filing under the Companies’ Creditors Arrangement Act (CCAA).

I have also written before about the tests for Canada insolvencies. They are:

the debtor has stopped paying debts as they generally become due
your liabilities are greater than your assets
if you liquidated all of your assets, there would not be enough money to pay off all your debts in full

***Canada insolvencies*: What happens during insolvency?**

When a person or company finds themselves not able to pay their costs, they are insolvent. Insolvency is an economic problem. This typically indicates that they cannot pay their present expenses in a prompt way. There are a number of choices for dealing with your debt when you go into insolvency. What you need is the insolvency advice of a licensed insolvency trustee (Trustee). The Trustee will certainly examine your scenario, establish your insolvency level and discuss your sensible alternatives with you.

As an individual, you can try to use the proposal provisions of the BIA to keep your assets, while you negotiate with your creditors with the help of the Trustee. The objective is to come up with a plan to pay a portion of what you owe to eliminate all of your financial obligations. This allows you to attempt to reorganize your business or personal situation to avoid bankruptcy. It is important to understand your choices.

Lots of people are afraid of declaring bankruptcy or perhaps even owing money. Not many individuals understand what happens throughout insolvency. People assume bankruptcy is a quick fix to all of their financial problems. They think they will never ever need to fret about cash ever again. They are wrong. When you file for bankruptcy, you have simply taken a massive step in the direction of economic liberty.

Nonetheless, there are duties and responsibilities on the person that declares bankruptcy. The process is developed to work with you using counselling to ensure, as best as feasible, that your financial troubles will no longer rule your life. The ultimate objective is that when you have actually successfully completed your debt settlement proposal or have your bankruptcy discharge, you will not once more be tempted to have additional debt that is going to drag you back into insolvency.

It is very important to remember that just because you owe money does not imply that you ought to give up. Rather it suggests that you require to find among the realistic options that a Trustee can help you with to work you out of financial trouble.

***Canada insolvencies*: What happens when you file insolvency?**

At some point in life, you may find yourself in an economic scenario that you do not recognize exactly how to get yourself out of. You’ll be stuck in a situation where you owe more money than you can ever pay back. Remember that insolvency is a financial situation. You can become insolvent, but you cannot file insolvency.

What you can do is search for an option to settle your financial debts, leave them behind as well as move forward with confidence and no tension in your life. It is not your fault that you cannot do it yourself. You have only been taught the old ways. A Trustee can help you using new ways. That is what we are trained to do.

The options, in order of seriousness and urgency, within the Canadian insolvency framework are:

Devise a realistic family household budget to see where you can divert the money you are currently spending away from certain items to unpaid debt until it is all paid off. Household finances must be studied to make sure that there is a balanced budget.
Reaching an informal arrangement with your few creditors to get deferrals from creditors and/or pay them less than the total amount owing on each in order for them to write off the balance.
Reaching a formal debt settlement plan through a Trustee in order to extend the time you have on an interest-free basis and agreements with creditors that you will pay less than the total owing in order to wipe away all of your unsecured debt. This process is called either a consumer proposal or a Division I Proposal, depending on whether you owe more or less than $250,000. To read more about consumer proposals, please click to read my consumer proposal faq blog.
Filing for bankruptcy in order to eliminate your debt and start again fresh, Starting Over, Starting Now.

This is what the BIA is designed for. For corporations owing less than $5 million, they too can take advantage of either debt settlement or bankruptcy using the BIA. If a corporation owes more than $5 million, they can also consider a debt settlement plan under the Companies’ Creditors Arrangement Act (CCAA).

You can deal with your own form of insolvency through the BIA if you can’t pay your bills and you can’t find a way to get out of your situation. You can do one of the consumer insolvency filings available to avoid being harassed by debt collectors. Consumer filings are available to individuals to get a fresh start. Your car breaks down and you can’t afford to fix it. Your debt through mortgages payments are too high. You can’t pay your rent. Why would you not want a no-cost consultation with a Trustee? You literally have nothing to lose.

Canada insolvencies summary

I hope you enjoyed this Canada insolvencies Brandon Blog post. Will there be an increase in insolvencies around the globe in 2021? What will the insolvency figures end up being? I don’t know. But rather than worrying about the whole world, what about you?

If you are concerned because you or your business are dealing with substantial debt challenges and you assume bankruptcy is your only option, call me. It is not your fault that you remain in this way. You have actually been only shown the old ways to try to deal with financial issues. These old ways do not work anymore.

The Ira Smith Team utilizes new modern-day ways to get you out of your debt difficulties while avoiding bankruptcy. We can get you the relief you need and so deserve.

The tension put upon you is big. We know your discomfort factors. We will check out your entire situation and design a new approach that is as unique as you and your problems; financial and emotional. We will take the weight off of your shoulders and blow away the dark cloud hanging over you. We will design a debt settlement strategy for you. We know that we can help you now.

We understand that people and businesses facing financial issues need a realistic lifeline. There is no “one solution fits all” method with the Ira Smith Team. Not everyone has to file bankruptcy in Canada. The majority of our clients never do. We help many people and companies stay clear of bankruptcy.

That is why we can establish a new restructuring procedure for paying down debt that will be built just for you. It will be as one-of-a-kind as the economic issues and discomfort you are encountering. If any one of these seems familiar to you and you are serious about getting the solution you need, Contact the Ira Smith Trustee & Receiver Inc. group today.

Call us now for a no-cost consultation.

We will get you or your business back up driving to healthy and balanced trouble-free operations and get rid of the discomfort factors in your life, Starting Over, Starting Now.

We hope that you and your family are safe, healthy and secure during this Covid-19 pandemic.