Last Updated: 2012-06-20

Kunjar Sharma & Associates Inc.

Company information

Legal Name:   Kunjar Sharma & Associates Inc.
Operating Name:   Kunjar Sharma & Associates Inc.
Mailing Address 707-120 Eglinton Ave E TORONTO, Ontario M4P 1E2	Location Address 707-120 Eglinton Ave E TORONTO, Ontario M4P 1E2
Telephone: (416) 975-0910
Fax: (416) 322-2928
Email: kunja@kunjarsharma.com
Website URL: http://www.kunjarsharma.com

Contact information

Kunjar Sharma
	Title:   President
	Area of Responsibility:   Finance/Accounting
	Telephone:   (416) 975-0910
	Ext:   5401
	Fax:   (416) 322-2928
	Email:   kunjar@kunjarsharma.com

Company description

Kunjar Sharma & Associates Inc. can help you to develop a plan to resolve your debt issues without the need for a legal trustee or court action. Often, when the number of creditors is small, an informal proposal is the most advantageous and cost effective way to resolve debtor insolvency for all parties. We will work with you prepare a proposal which meets the needs of all parties without the added legal complexities and expenses.
Exporting:	No
Primary Industry (NAICS):	541990 - All Other Professional, Scientific and Technical Services
Primary Business Activity:	Services

Product / Service / Licensing

Service Name:	Business Receivership
If it is your business that is in trouble and not you personally, we also can help.KSAI has been quite successful at disposing of businesses in receivership and assisting the secured lenders, such as banks & guarantors to banks realize a better recovery than outright liquidation. Usually, this is achieved with the cooperation of management—a significant proportion of such recoveries are actually management buyouts. The management, which often represents also the owners and guarantors, usually has considerable experience and expertise related to the debtor's business. Properly used, their abilities can enhance the realization process. Also, involving them in a team effort to maximize realization of assets tends to reduce the possibility of litigation later on.
Service Name:	Consulting
Consulting Engagement also known as Viability Assessment for insolvent businesses, is now a common practice initiated by either the secured creditors, such as banks or alert debtors. An experienced professional like Kunjar Sharma & Associates Inc. if engaged in the early stages, is often able to identify problem areas that have not been recognized and come up with recommendations that greatly increase the chances of providing a viable solution and improve performance and recovery. Typically Kunjar Sharma & Associates Inc. will do such assessments from both a financial and practical perspective. We are geared to take such assignments, do the investigation and report on the debtor's affairs with a minimum of delay. Where appropriate, we will work with management in preparing a comprehensive action. We can also assist the business in formulating proposals involving either new debt or equity, or compromises of unsecured creditor debt. If required, we can assist secured creditors in assessing the value of its security and the debtor's viability. If the business can be rescued, the creditor's position is protected and enhanced, the debtor's operations are improved and from the lenders perspective, a satisfactory performing customer is retained. If the debtor is not viable, the analysis contained in our report will help justify the secured creditor's crystallization of its security. Often we are also able to secure the debtor's cooperation in an orderly wind up of the business and thereby realize an improved recovery.
Service Name:	Trustee in Bankruptcy
Bankruptcy is only one way, and sometimes the last resort, for over-extended individuals or organizations to resolve their financial problems. Likely, an informal proposal to creditors is sufficient to restore financial viability. In other situations, a more elaborate formal proposal as provided under the Bankruptcy and Insolvency Act (BIA) or under the Companies’ Creditors Arrangements Act (CCAA) is necessary. When the situation can’t be resolved through negotiation, more structured actions may be the only option. Whatever course of action is needed, Kunjar Sharma & Associates Inc. has the experience to develop creative solutions which meet the needs of both debtors and creditors. We are skilled at assessing the debtor's true financial position, evaluating opportunities for resolution, and designing and negotiating a fair and equitable settlement for all parties. Our goal is to restore the debtor to financial health while providing a fair solution for all creditors.