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White Oak Government Contracting Finance Delivers $4 5MM Asset-Based Lending Facility to Mechanical Products Distributor

White Oak Government Contracting Finance Delivers $4 5MM Asset-Based Lending Facility to Mechanical Products Distributor
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

Sale approved for Nygard property on Broadway in Winnipeg, last of 4 sold under receivership

Sale approved for Nygard property on Broadway in Winnipeg, last of 4 sold under receivership Caroline Barghout © Jeff Stapleton/CBC The Nygard property at the corner of Broadway and Sherbrook Street in Winnipeg has sold, nine months after it was listed for sale. The last property associated with the once-ubiquitous Nygard fashion brand has been sold in Winnipeg. On Thursday, Manitoba Court of Queen s Bench Justice James Edmond approved the sale of a 22,000-square-foot property at the corner of Broadway and Sherbrook Street belonging to Nygard Properties Ltd.. Nine Nygard companies have been under court-appointed receivership since March 18, 2020. They owed nearly $50 million to approximately 350 creditors around the world, including 40 Manitobans, according to the receiver s first report to the court. 

Manitoba judge lifts stay, allows receiver company to sell Nygard property on Inkster Boulevard

Manitoba judge lifts stay, allows receiver company to sell Nygard property on Inkster Boulevard As Peter Nygard, 79, sits in jail in Winnipeg on charges related to allegations of sex trafficking, racketeering and other related crimes, the Court of Appeal of Manitoba has ruled that the court-appointed receiver of nine Nygard companies can sell one of its major properties in Winnipeg. Social Sharing If the stay is not lifted, the sale agreement will come to an end, ruled Justice Janice leMaistre Posted: Jan 05, 2021 9:35 PM CT | Last Updated: January 6 In November 2020, Manitoba Court of Queen s Bench Justice James Edmond approved the sale of 1771 Inkster Blvd, shown here, and set Jan. 18, 2021, as the closing date.(Jeff Stapleton/CBC)

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