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, but allow the business to keep its assets and continue operating.

Question

Quizplus · Accepted Answer

The best bet for STRESSBUSTORZ would not be to agree to a liquidation proposal with its creditors as this would result in the business being dissolved and its assets sold off to pay off debts. Instead, Raheem could seek alternative solutions such as negotiating payment plans with creditors, cutting costs, or seeking outside investment to help the business regain financial stability.

Raheem Is a Registered Massage Therapist and Does Business as STRESSBUSTORZ