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Legal proceedings are expected to continue this week in Calgary for debt-ridden Monette Farms.
Legal proceedings are expected to continue this week in Calgary for debt-ridden Monette Farms. In a letter from company president Darrel Monette, the gigantic Saskatchewan-based Monette Group announced recently it had filed a โpro-active responseโ under Canadaโs Companiesโ Creditors Arrangement Act (CCAA) to restructure its business while dealing with $900 million in financial obligations. Court documents revealed during last weekโs initial CCAA application that the Bank of Nova Scotia , which leads a group of secured lenders owed $830 million, was first among more than 300 companies and indiv

