Dec. 7, 2012 – Farley Windows and Doors released the following statement regarding its restructuring plan:
"Farley Windows and Doors has received protection from its creditors under the Companies’ Creditors Arrangement Act (CCAA) in a court order dated Nov. 30. The order suspends Farley's obligations to pay its creditors for amounts owing prior to Nov. 26 in order to provide time for the business to restructure its operations and finances. The current stay is in place until January 11, 2013.
Dec. 7, 2012 – Farley Windows and Doors released the following statement regarding its restructuring plan:
"Farley
Windows and Doors has received protection from its creditors under the
Companies’ Creditors Arrangement Act (CCAA) in a court order dated Nov.
30. The order suspends Farley's obligations to pay its creditors for
amounts owing prior to Nov. 26 in order to provide time for the business
to restructure its operations and finances. The current stay is in
place until January 11, 2013.
"During this period the company will operate in the normal course and its
suppliers have committed to continue to provide materials to support
operations.
"As part of the restructuring, Farley can sell off real
estate and assets to raise funds, or pursue the refinancing and/or sale
of the company to a third party."
Related links
Farley receives CCAA protection
www.farleywindows.com
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