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Farm in Eastern Ontario 

Goldhar & Associates Ltd. conducted a comprehensive financial review for a leading bank, assessing the operations and financial position of a farm in Eastern Ontario.
  • Farming
  • Consulting

The Challenge

The bank was experiencing lack of cooperation from the borrower and required a detailed understanding of the borrower’s assets, off-balance sheet items, and potential liabilities to review and protect its priority position and formulate its recovery strategy.

Outcome

The engagement provided the bank with a clarity of operations, available assets, , potential liabilities that might rank ahead of the Bank, and financial risks, enabling informed decisions on recovery strategy and protection of its security position.

Our Approach

1
Established trust with the borrower and brought him to the discussion table. Facilitated the flow of information from the borrower to the bank
2
Conducted an on-site review of the operations and prepared a detailed report on available assets. Collected off-balance sheet information from the borrower to assess financial impact.
3
Analyzed financial statements and prepared cash flow projections compared to borrower forecasts. Provided ongoing reports and consultations with the bank and its counsel to support recovery planning.