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Dental Practice

Goldhar & Associates Ltd. assisted an established dental practice facing over $12 million in unsettled CRA and creditor liabilities, to restructure its operations while successfully negotiating a resolution with all creditors.
  • Dentist
  • Division I Proposal

The Challenge

The practice needed to address significant debt while continuing operations and navigating complex issues including CRA liens and a Blind Trust Agreement.

Outcome

The proposal enabled the dental practice to restructure and stabilize operations. The Secured creditors saw full of their debt, the unsecured creditors received a fair recovery, and the business emerged from financial instability with a clear path forward and was able to continue operations and support the livelihood of several employees.

Our Approach

1
Structured a Division I Proposal to balance creditor recovery and allow the business to continue operating.
2
Assisted with a fair valuation of the practice to ensure an equitable proposal.
3
Resolved CRA matters, including negotiating deregistration of liens, and addressed legal complexities related to the Blind Trust Agreement.