Creditors and borrowers often hire the services of accounting or financial advisory firms to help assess the financial situation of the borrower and to suggest exit strategies. Solas Finance likes to interact with the accounting/financial advisory firms who are familiar with the file and therefore are instrumental in facilitating the negotiation and closing of the financing/assignment. We may also require the services of such firms to assist us in monitoring the implementation of a potential corporate reorganization. We like to be involved early with the accounting/financial advisory firms who can offer a ‘turn-key’ solution to their client, including our offer to finance the plan that they are helping to put in place.
