Notice to Creditors

[sumdumguy]

Does anyone know what that means?

[farmaholic]

Somebody is going going gone broke. .... get in line.

[wmoebis]

If your a farmer/supplier/unsecured creditor you just got screwed.
If you are an accountant or lawyer your about to hit the big times.

[bucket]

Sometimes you see it after people die, yes/no??

[sumdumguy]

What about if a farming company dies?

[farmaholic]

The vultures begin to circle. Land buyers, auction sale deal hunters. Brings out the finest in people.

[sumdumguy]

RM's getting busy.

[farmaholic]

Tax enforcement?

[HappyFarmer]

Is this related to broadacer sumdumb? I was just going over their creditors list. What a disaster. That is a shit pile of money they lost. There are a fair number is the $100k zones but FCC is going to take the brunt of the blow. Wilmore looks like they are going to take a shit kicking to.

[farmaholic]

http://www.pwc.com/ca/en/car/broadacre/creditor-information.jhtml


How in God's name does this happen and who is responsible. I signed personal guarantees when we borrowed through the Corporation. Are these guys(BOD and Management or whomever) somehow immune that they can walk through a ****ing torrential rain storm and some how not get wet? What happens?

$46 million.

[ajl]

Well it was inevitable. Surprising it lasted this long. Was the land that Ontario Teachers Pension Fund bought the stuff Broadacre was farming?

[tstep]

What's the story here? Paying high rent? New macihinery? Management taking big pay? I have not pitty for these types