Jonathan’s construction company

"Thanks to Émile and his team. I was taken in hand the same evening I contacted the Bresse team. In barely an hour, Martin streamlined the problem and clearly explained my possible solutions." Jonathan

The situation

For the past eight years, Jonathan has been running a construction company renowned in the region for the quality and reliability of its projects. As an RBQ-licensed general contractor, he is directly responsible for the financial stability of his company and its ability to continue operating.

Recently, his team was working on a major project that would ensure the company’s financial stability for several months. Initial payments from the client were made without a hitch, and Jonathan managed his site with rigor.

Halfway through the project, however, the situation took a turn for the worse: the client began to delay payments, citing unjustified defects. Unpaid invoices began to pile up, and the lack of cash quickly put Jonathan in an untenable position. Unable to pay his subcontractors, he was forced to demobilize the site, hoping to find a solution before the situation worsened.

A week later, he receives a demand letter, and shortly afterwards, a lawsuit for several hundred thousand dollars. With no funds to cover the legal costs, he realized that the survival of his company was at stake.

His accountant, aware of the seriousness of the situation, recommended that he consult BRESSE to evaluate the various options available to protect his business, his RBQ license and his professional assets.

The objectives

– Avoid the costs and stress of a civil trial;
– Avoid bankruptcy and the loss of your RBQ license; and
– Pay off your debts.

The solution

Accompanied by his advisor Martin at BRESSE, Jonathan decided to file a proposal to restructure his company’s debts and avoid bankruptcy. An initial offer is submitted to creditors, proposing payment of 30% of total debts over 60 months. This would enable Jonathan to immediately suspend the current legal proceedings, while continuing to run his business.

During this period, Martin took charge of negotiations with the main creditors, including the principal behind the lawsuit.

The result

After discussions, the parties agreed to a final settlement of 40% of the debt, spread over 60 monthly payments. The proposal was accepted by the majority of creditors, putting an end to the lawsuit and the financial pressure on the company. Jonathan was able to avoid bankruptcy and protect his RBQ license.

For confidentiality purposes, the names mentioned in the testimonials have been changed.

An agreement is often possible

Let a BRESSE advisor guide you. An initial meeting at no cost will provide clarity.

Journeys similar to yours

What you’re going through is far from unique. Thousands of people have already faced this situation. You deserve a second chance.

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"Thank you to the BRESSE team for taking the time to explain the options available to me. The solution suggested by my professional enabled me to avoid bankruptcy."

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"When things started to fall apart, I didn’t know where to turn. I couldn’t sleep anymore, I was afraid I wouldn’t be able to pay my employees, and I saw my years of working 70+ hours a week slipping away. At my first meeting with Émile, I felt like I wasn’t alone anymore. He took the time to understand my reality, to speak with my bank and even with the tax agencies to find a viable solution."

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"Thank you to Martin and his team. I was taken care of the very same evening I contacted the Bresse team. In just under an hour, Martin broke down the problem and clearly explained the possible solutions to me."