Goldhar & Associates Ltd. was the Licensed Insolvency Trustee in the matter of the bankruptcy of a multinational precision machinery manufacturer with an established client base across North America and Europe, operating production facilities in Canada and Western Asia.
Manufacturing
Bankruptcy
The Challenge
The company faced significant liabilities to suppliers, service providers, and customers due to unfinished projects. Complex negotiations were required to resolve outstanding obligations while protecting creditor interests.
Outcome
Through careful asset management and structured negotiations, Goldhar & Associates successfully maximized creditor recovery while navigating a complex multinational operation.
Our Approach
Liquidated all business assets efficiently to maximize recovery for creditors.
Engaged in detailed negotiations with customers to close projects, addressing warranty, supply, and performance issues.
Managed receivables and holdbacks strategically to ensure the best possible settlement outcomes and assisted all former employees to access the Wage Earners Protection Program
