A monitoring engagement can occur under numerous circumstances whether it be through a formal or informal proceedings. In these circumstances a Licensed Insolvency Trustee may be appointed as the monitor of a debtor company to ensure a transparent process occurs and appropriate financial and operational reporting be provided to the stakeholders involved in a company attempting to restructure itself.
For more information, contact one of our corporate team members who will help you determine if a formal or informal monitoring engagement is right for you.
Thanks so much for being so helpful. It was such a pleasure having you on the other end of the telephone.Donna T.