Raheem is a registered massage therapist and does business as STRESSBUSTORZ,a mobile massage lab outfit located inside an old bus.The bus circulates all day around the downtown core in Toronto offering quick relief curbside to harried office workers for a fee.Raheem provides a variety of treatments for a price,including reiki,shiatsu,and Pilates.Cash is occasionally short and STRESSBUSTORZ needs to reorganize itself to gain some "breathing space." Raheem would like to remain in control of the business.STRESSBUSTORZ's best bet would be to agree to a liquidation proposal with its creditors.This would liquidate its debts and allow the business to continue operating.

Question

Quizplus · Accepted Answer

Liquidation proposal with creditors would result in the closure of the business, not allowing it to continue operating as desired by Raheem. A better option for STRESSBUSTORZ would be to explore debt restructuring or refinancing options to gain some breathing space while remaining in control of the business.

Raheem Is a Registered Massage Therapist and Does Business as STRESSBUSTORZ,a