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sw ontario | 2 yrs. ago around now the second largest pork packer/processor went into receivership and some guys lost over $600k as unsecured creditors. Ironic as they were only packer with out a bond as they had been around 98 yrs. and was looked at as the best packer to deal with in Ontario . Bank & packers family got there money ,producers 0 . Not just buyers as know of banks asking wealthier relative to co-sign struggling bank notes and then "everything will be fine" ,they get added collateral and then pull plug on business and collect from garuntee | |
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defered and prepayments.
