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Notice to Creditors

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  • sumdumguy
    Senior Member
    • Mar 2007
    • 11976

    Notice to Creditors

    Does anyone know what that means?
  • farmaholic
    Senior Member
    • Sep 2010
    • 17479

    #2
    Somebody is going going gone broke. .... get in line.

    Comment

    • wmoebis
      Senior Member
      • Aug 1999
      • 2652

      #3
      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.

      Comment

      • bucket
        Senior Member
        • Jan 2008
        • 17027

        #4
        Sometimes you see it after people die, yes/no??

        Comment

        • sumdumguy
          Senior Member
          • Mar 2007
          • 11976

          #5
          What about if a farming company dies?

          Comment

          • farmaholic
            Senior Member
            • Sep 2010
            • 17479

            #6
            The vultures begin to circle. Land buyers, auction sale deal hunters. Brings out the finest in people.

            Comment

            • sumdumguy
              Senior Member
              • Mar 2007
              • 11976

              #7
              RM's getting busy.

              Comment

              • farmaholic
                Senior Member
                • Sep 2010
                • 17479

                #8
                Tax enforcement?

                Comment

                • HappyFarmer
                  Senior Member
                  • Jun 2012
                  • 433

                  #9
                  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.

                  Comment

                  • farmaholic
                    Senior Member
                    • Sep 2010
                    • 17479

                    #10
                    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.

                    Comment

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