Masterfile Restructures Its Business
Posted on 4/7/2017 by Jim Pickerell | Printable Version |
has filed a formal Proposal to Creditors under the Bankruptcy and Insolvency Act of Canada ("BIA"). This is not a bankruptcy. The Proposal process will provide Masterfile the opportunity to restructure its business with the objective of returning to profitability. This process is similar to a Chapter 11 filing in the USA.
Copyright © 2017 Jim Pickerell
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