Competencies

Question 1

G:

Answer 1

General Business Law
* distinction between sole proprietorship and corporation
* DL
* PIPEDA (releases to get signed by consumer debtor)
* Environmental*
* WEPPA*
* Default in a proposal*
* Claim valuation for employees*
* Elements of a trust agreement*

Question 2

H:

Answer 2

Financing
* Compare credit facilities for interim financing*
* Covenant calculations/ratios*
* Requirements for CRA secured claim
* Review security registry (PPSA), review land title search, review settlement agreement
* NOI/Div I provide possibility to obtain interim financing order

Question 3

I:

Answer 3

Managing Business Operations
* Development of internal policies/procedures (if there’s a theft)
* Cost/benefit analysis for completing production
* *Info package for business sale
* *Cash Flow concerns (as well as J)
* Changes to company’s corporate governance
* Segregation of duties, review organizational chart, request OSB to change responsible LT

Question 4

J:

Answer 4

Financial analysis and reporting
* *Assess debtor’s accounting system
* Is financial reporting timely or outdated?
* using non-consolidated info doesn’t reflect economic reality
* *Borrowing base recalculation and conclude if it’s deficient
* Liquidation value
* * interim financing: court considerations
* Cost cutting recommendations
* *TCDAMPER (along with F)