Financial Distress & Debt

Managing day to day finances properly takes time, thought, and planning. Many Canadians carry a certain amount of debt as part of their overall financial picture. However, at times, those debts can begin to feel overwhelming. Whether your financial situation is personal, or business-related, financial distress can be difficult to manage on your own. Bankruptcy offers some relief if you find yourself in a situation where you are unable to repay your debts. Or, a consumer proposal can help. Through a Licensed Insolvency Trustee (LIT), you can put together a proposal document that offers to pay back creditors in a certain way, under certain terms. Experiencing financial distress can lead to further feelings of anxiety and depression. It can be a cause of disagreement in marriages and relationships. Admitting you are in financial distress can be confusing, difficult, and embarrassing. Are you unsure of your current financial situation and debt-load? Do you have questions or concerns about what you owe, and what resources are available to help alleviate some of your debt? Could you use the guidance of a financial adviser, or do you need legal help in regards to your finances? We have the resources within your community that you need.

You are not alone. Connect with others who may be going through the same thing, find professional help and resources near you. The Kinjunxion community is here to help.

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Corporate Financial Distress and Bankruptcy

Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt

A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more.

Accruals, financial distress, and debt convenants

A Survival Guide to Debt

How to Overcome Tough Times & Restore Your Financial Health

For readers who are paying bills with credit cards, cringing every time the telephone rings, avoiding stacks of unopened overdue notices, or facing foreclosure, Mitchell L Allen offers a practical resource full of hope. In this guide Allen empowers readers to make smart choices about how to emerge from debt and recover from the devastating financial and emotional effects of hard times. Unlike other debt-relief authors, Allen doesn't focus on bankruptcy or avoiding bankruptcy; he presents all of the options available and explains how to take advantage of them. He teaches readers: How to deal with financial trouble on their own, including negotiating with creditors; Where to find professional help with debt problems; How to determine if bankruptcy is the best solution; How to file for bankruptcy; How to regain control of their lives and their finances -- forever. Filled with proven and effective strategies for finding a way out of the debt forest, this guide provides the dearest path from debt-induced insanity .to financial security.

Distressed Debt Analysis

Strategies for Speculative Investors

'Distressed Debt Analysis' is an essential reference for anyone involved in the valuation, bankruptcy, or restructuring of US-domiciled businesses.

Corporate Financial Distress, Restructuring, and Bankruptcy

Analyze Leveraged Finance, Distressed Debt, and Bankruptcy

A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

Taxes, financial distress and capital structure in the United States and Japan

Quantitative Analytics in Debt Valuation & Management

A breakthrough methodology for profiting in the high-yield and distressed debt market Global advances in technology give investors and asset managers more information at their fingertips than ever before. With Quantitative Analytics in Debt Valuation and Management, you can join the elite club of quantitative investors who know how to use that information to beat the market and their competitors. This powerful guide shows you how to sharpen your analytical process by considering valuable information hidden in the prices of related assets. Quantitative Analytics in Debt Valuation and Management reveals a progressive framework incorporating debt valuation based on the interrelationships among the equity, bond, and options markets. Using this cutting-edge method in conjunction with traditional debt and equity analysis, you will reduce portfolio risk, find assets with the highest returns, and generate dramatically greater profits from your transactions. This book’s “fat-free” presentation and easy-to-navigate format jump-starts busy professionals on their way to mastering proven techniques to: Determine the “equity risk” inherent in corporate debt to establish the causal relationship between a company’s debt, equity, and asset values Price and analyze corporate debt in real time by going beyond traditional methods for computing capital requirements and anticipated losses Look with an insider’s eye at risk management challenges facing banks, hedge funds, and other institutions operating with financial leverage Avoid the mistakes of other investors who contribute to the systemic risk in the financial system Additionally, you will be well prepared for the real world with the book’s focus on practical application and clear case studies. Step-by-step, you will see how to improve bond pricing and hedge debt with equity, and how selected investment management strategies perform when the model is used to drive decision making.

Financial Distress and Corporate Turnaround

An Empirical Analysis of the Automotive Supplier Industry

​The work of Martin Schmuck empirically investigates the phenomenon of financial distress and corporate turnaround in the automotive supplier industry. Based on a sample of 194 publicly listed automotive suppliers, the effectiveness of managerial, operational, financial, and asset restructuring activities is analyzed in a multivariate research setting. Archetypes for successful turnarounds are identified and matched with strategies of non-distressed companies.

Financial Distress, Corporate Restructuring and Firm Survival

An Empirical Analysis of German Panel Data

Philipp Jostarndt studies distress-induced changes in ownership and control, success factors in distressed equity infusions, and firms’ choice between in- and out-of-court debt restructurings. In addition, he analyzes the determinants of survival, acquisition, and bankruptcy as alternative paths to exit financial distress. He includes both the firm perspective as well as the market valuations of the undertaken restructurings and, where applicable, relates the findings to the microstructure of Germany’s revised bankruptcy legislation.

Bankruptcy & Distressed Restructurings

Analytical Issues and Investment Opportunities

Papers from a conference held March 1991 under the joint sponsorship of the New York University Salomon Center and a number of interested corporate contributors

Corporate Financial Distress

A Complete Guide to Predicting, Avoiding, and Dealing with Bankruptcy

A comprehensive guide to predicting and dealing with corporate bankruptcy: how to anticipate financial crisis, manage a financial turnaround, and handle the legal, accounting and investment implications of bankruptcy. Discusses failure prediction and develops specific and aggregate business failure models for analyzing both private and publicly held firms. Provides complete documentation and analysis of failure prediction models in ten countries.

Financial Management: Theory & Practice

An understanding of finance theory is absolutely essential if students are to develop and implement effective financial strategies. Similarly, students simply must have a working knowledge of the financial environment. FINANCIAL MANAGEMENT: THEORY AND PRACTICE remains the only text in the market that presents a balance of financial theory and applications. Authors Brigham and Ehrhardt maintain the same four goals that have made their text a course favorite through each edition: helping learners to make good financial decisions, providing a solid text for the introductory MBA course, motivating learners by demonstrating finance is relevant and interesting, and presenting the material clearly. Plus, with access to CengageNOW for Finance as well as Thomson ONE-Business School Edition, FINANCIAL MANAGEMENT: THEORY AND PRACTICE offers the most comprehensive teaching and learning solution you will find. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Debt Elimination

Financial Health & Literacy

EFT for Financial Abundance

Financial Markets

Financial

Financial Security

Get Out of Debt

Project Linus Canada - Project Linus Canada, Burlington Chapter - Burlington Chapter

A non-profit volunteer organization which collects and arranges for distribution of knitted, crocheted or sewn comforting blankets to children and youth in a crisis situation such as a home fire, serious illness diagnosis or loss of a parent/sibling

Volunteers make and donate whole blankets and quilts, or squares which are assembled into blankets and quilts, that are given to children and youth through hospitals and other agencies.

Contact to ask about materials, dimensions and other details regarding blankets and component squares * information can also be found here

Completed blankets or squares can be dropped off at:
* Michaels, 1250 Brant St, Suite 6, Burlington * 289-798-0077
* Spun Fibre Arts, 2464 Lakeshore Rd W, #4, Oakville * 905-681-7786

Debtors Anonymous - Mailing Address

A 12 step recovery group for people whose debts and problems with over or under spending have made their life unmanageable.

Project Linus Canada - Project Linus Canada, Oakville Chapter - Mailing Address - Oakville Chapter - Mailing Address

Volunteers knit, crochet or sew and donate part (squares) or whole blankets/quilts, that are used to make blankets for children in crisis

* serious illness diagnosis
* loss of a parent/sibling
* distributed to individuals, Ronald McDonald House, Halton Women's Place, Oakville Trafalgar Memorial Hospital, Credit Valley Hospital

Credit Counselling Niagara - Credit Counselling Niagara, Grimsby - Satellite Office - Grimsby - Satellite Office

A non-profit charitable organization offering confidential credit counselling at low or no cost.

Services include:
- Assessment of income and expenses
- Money management advice
- Credit Counselling
- Budgeting assistance
- Debt management program
- Advocacy
- Public education, in-house or out in the community

St Stanislaus - St Casimirs Polish Parishes Credit Union

Provides financial services to the Polish community.

Distress Centre Halton - Distress Centre, Oakville Office - Oakville Office

Registered charity that supports people in the community to better cope with crisis, loneliness, and emotional stress * provides telephone support on the Distress Line 365 days a year * provides online support with Crisis Chat/Text during limited hours
  • all services are confidential, anonymous, free and available to all age groups
  • staffed by volunteers who receive extensive training including communication, sensitivity, crisis management and active listening

Distress Line
  • listening, befriending and crisis intervention by telephone

Chat and Text
  • connects one-on-one with a Chat volunteer in real time, from the user's computer
  • text available at 647-557-6250
  • click here for more information and next session date

Training and Workshops (fee-for-service)
  • safeTALK training

Distress Line volunteer opportunities available * must meet certain criteria and attend all mandatory training sessions * contact for more information

Distress Centre Halton - Distress Centre, Oakville Office - Oakville Office

Registered charity that supports people in the community to better cope with crisis, loneliness, and emotional stress * provides telephone support on the Distress Line 365 days a year * provides online support with Crisis Chat/Text during limited hours
  • all services are confidential, anonymous, free and available to all age groups
  • staffed by volunteers who receive extensive training including communication, sensitivity, crisis management and active listening

Distress Line
  • listening, befriending and crisis intervention by telephone

Chat and Text
  • connects one-on-one with a Chat volunteer in real time, from the user's computer
  • text available at 647-557-6250
  • click here for more information and next session date

Training and Workshops (fee-for-service)
  • safeTALK training

Distress Line volunteer opportunities available * must meet certain criteria and attend all mandatory training sessions * contact for more information

Business Development Bank of Canada - Halton Business Centre

A federal Crown corporation wholly owned by the Government of Canada and mandated as Canada's business development bank * mission is to help create and develop strong Canadian businesses through financing, consulting services and securitization, with a focus on small and medium-sized enterprises.

Supports entrepreneurs in all industries and at all stages of development from more than 100 business centres across Canada and online at bdc.ca.

Major services include:
Financing:
Term loans such as realty and equipment loans, working capital loans, start up loans.

Consulting:
Expert advice to help businesses be more competitive * a national network of consultants who can help businesses solve problems, improve performance and help achieve the most ambitious goals.

BDC Capital:
Offers innovative solutions with terms and conditions tailored to meet the unique needs of entrepreneurs and innovators looking to raise capital for their growth and transition projects.

Golf Canada - Scholarship Program and University Golf Program Grants - Glen Abbey Golf Club

Scholarship program developed to recognize excellence in scholastic achievement and in the playing of the game of golf by young amateurs.
* annual scholarship recipients attend Canadian universities and play varsity golf
* scholarships, valued at up to $5,000 per year, are renewable annually
* Foundation also grants funds to university golf programs that provide training and development opportunities to competitive golfers attending the university and are a member of the golf team

Halton Learning Foundation

Helps to eliminate financial barriers to education for students in the Halton District School Board through partnerships with organizations, individuals, private and community foundations.

Key focus areas are:
* emergency funding for students
* engagement funds (including arts/music, physical education, technology, media literacy)
* scholarships for Halton District School Board students

Society of Saint Vincent de Paul - Food and Clothing Assistance - Burlington Conferences

Volunteer organization that provides temporary assistance to those in need, through providing access to food (usually food vouchers) and a compassionate ear, and sometimes other necessities (eg, clothing or furniture)

SSVP in Burlington is composed of the following conferences:

South of QEW:
1. Holy Rosary Parish, 287 Plains Rd E * 905-631-6111

2. St. John the Baptist Parish, 2016 Blairholme Ave * 905-979-6460

3. St. Raphael Church Parish, 4072 New St * 905-681-6394

4. St. Patrick, 196 Kenwood Ave * 905-632-0270

North of QEW:
1. St. Paul the Apostle Parish, 2265 Headon Rd * 905-522-8222

Society of Saint Vincent de Paul - Food and Clothing Assistance - Burlington Conferences

Volunteer organization that provides temporary assistance to those in need, through providing access to food (usually food vouchers) and a compassionate ear, and sometimes other necessities (eg, clothing or furniture)

SSVP in Burlington is composed of the following conferences:

South of QEW:
1. Holy Rosary Parish, 287 Plains Rd E * 905-631-6111

2. St. John the Baptist Parish, 2016 Blairholme Ave * 905-979-6460

3. St. Raphael Church Parish, 4072 New St * 905-681-6394

4. St. Patrick, 196 Kenwood Ave * 905-632-0270

North of QEW:
1. St. Paul the Apostle Parish, 2265 Headon Rd * 905-522-8222