Le Chteau seeks creditor protection pursuant to the CCAA to ensure a responsible, controlled and orderly liquidation of its assets
MONTRAL, Oct. 23, 2020 /CNW Telbec/ – Le Chteau Inc. (TSX VENTURE: CTU) (“Le Chteau” or the “Company“) filed today an application (the”CCAA Application“) pursuant to the Companies’ Creditors Arrangement Act (“CCAA“) seeking protection of the court in order to proceed with the orderly liquidation of its assets (the “Liquidation“) and wind down of its operations. The CCAA Application will be heard by the Superior Court of Quebec (Commercial Division) (the “Court“) today. It is expected that Gordon Brothers Canada ULC and Merchant Retail Solutions ULC will be appointed as the Company’s consultants to implemen…
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