Learn How to Fix Your Business

Discover steps and strategies to avoid bankruptcy, receivership and creditors

  • Bankruptcy

    Bankruptcy is not your only option. If your business is in trouble there are MANY different options you can take advantage of to ensure your business survives.

  • Receivership

    Is your business going into receivership? This usually happens because you don't have a plan and your creditors have taken action. You can turnaround the business today.

  • Creditors

    Have you been making arrangements with creditors to satisfy your obligations? Are you unsure of how to move forward? Learn how to build a business turnaround plan.

Your Business Can Succeed

Discover turnaround strategies for distressed companies

  • 30MM Entrepreneurs

    There are more than 30,000,000 entrepreneurs in North America.

  • 50%

    50% of entrepreneurs will have failed by their fifth year in business.

  • You Have Options

    You can beat the odds by educating yourself on what it takes to be successful.

Guaranteed Results

Do you want to turn your business around and avoid business bankruptcy?

  • How to take control of your situation

  • How to work with your creditors

  • Business turnaround strategy and steps

Fix Your Business Course Outline

Learn how to avoid business bankruptcy and turnaround your business



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Access more than 40 videos across 7 chapters designed to teach you the steps and strategies used by businesses that want to avoid bankruptcy and turn their business around.



FAQ's

Common questions asked by entrepreneurs

  • What is does bankruptcy mean for a business?

    Bankruptcy is a legal procedure that provides businesses with relief from creditors when a business has become insolvent or incapable of paying its debts and obligations. A Trustee is appointed after a business voluntarily makes an assignment of its property to creditors or by one or more creditors making an application to Court to have the business declared bankrupt.

  • What is insolvency?

    If a business is unable to pay its debts to banks, creditors and others, it is insolvent. Insolvency means that a business does not have the money or assets needed to cover its obligations and debts. Once a company becomes insolvent, they may decide to file for bankruptcy or pursue other options including filing a formal or informal proposal with creditors.

  • What is receivership?

    Receivership is a legal method that secured creditors can use to recover money owed to them by a business. If a business defaults on a loan obligation, then a secured creditor can appoint a Receiver if their security documentation allows for it or they can apply to Court to have a Receiver appointed. A Receiver only acts on behalf of the creditor it was appointed for and will only realize on the assets or security that they were given by a business. A Receiver has the authority to take possession of any assets that were pledged under the security documentation and sell them to repay the outstanding debt.

  • What is a trustee?

    A Trustee is appointed to manage the bankruptcy process including taking possession of the property or assets a business may have and selling them so that any money received is distributed to secured and unsecured creditors according to the relevant bankruptcy and insolvency laws.

  • What is a receiver?

    A Receiver is appointed by a creditor or a Court to take possession of assets and sell them to satisfy a debt.

  • Bankruptcy vs. Receivership

    If you think your business is not going to succeed no matter what happens then you will want to consider small business bankruptcy. If you think your business may be able to succeed but your creditors have already taken legal action against you, then you may need to consider small business receivership. Bankrupting your small business may be inevitable but there is work you can do to find out whether or not working through a small business receivership would be a better option compared to working through a small business bankruptcy.

  • Receiver vs. Trustee

    A Receiver will act in the interests of a particular secured creditor(s) whereas a Trustee acts to protect the interests of both secured and unsecured creditors. It is important to note that Receivers and Trustees may not be able to give advice on what your business needs to do to avoid or prevent a bankruptcy a receivership.

  • Is my company going into bankruptcy or receivership?

    If you think your company might go into bankruptcy or receivership you have options you can explore. You can take steps to protect yourself and your business but you cannot afford to wait - the sooner you act the sooner you will be able to get your business back on track. Banks, lenders, investors and creditors are prepared to work with companies that have a reasonable plan for repaying them. You may need to adjust your expectations or make some difficult decisions but you have options.

  • What is a business turnaround?

    When your business is experiencing a period of poor performance, a business turnaround is the plan for how it will recover. The turnaround is also referred to as a restructuring process where your business moves from loss to one of profitability and success while stabilizing its future. A business turnaround often involves a plan for how creditors and debts will be repaid.



Meet your instructor

Dylan Gallagher

Dylan is the Founder of Bridge Capital, an advisory firm focused on investing time and money in entrepreneurs that want to beat the odds. With decades of lending and investing experience than began in real estate construction and development, Dylan has been helping entrepreneurs solve problems and take advantage of opportunities. Specializing in difficult and challenging circumstances, Dylan created this course to help entrepreneurs that need direction and answers to questions so they can get their business back on track.


Build a profitable and valuable business

Learn how you can turn your business around today.

Small business bankruptcy is a risk every entrepreneur takes. There are many reasons why a business fails or why a business declares bankruptcy. Most business get into trouble because debt owed to secured creditors like banks and lenders or unsecured debt owed to vendors, suppliers and/or the government becomes unmanageable. Educate yourself on the options and strategies you can use to build a profitable and valuable business.


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