Fairmont Resort Properties restructures debt
April 13, 2009 by CVNews
Filed under Business, Fairmont Hot Springs, Headlines, Homes, Local news
Fairmont Resort Properties Ltd., Sales office, Fairmont Hot Springs BC (Photo: CVNews)
Press release — Fairmont Resort Properties Ltd. –
On March 30, 2009, Fairmont Resort Properties Ltd. was made subject to creditor protection under the Companies Creditor’s Arrangement Act “(CCAA”). This process allows the Company the opportunity to present a plan to restructure its obligations to the benefit of all stakeholders including secured and unsecured creditors, employees and customers. Fairmont time share owners are not affected by this plan of arrangement and continue with the rights their acquired at the time of their purchase. [Read more]
