Distinctive proposes pay plan

Knell, Michael J.
August 2007
Furniture/Today;8/20/2007, Vol. 31 Issue 49, p8
Trade Publication
The article reports on the proposal of upholstery maker and importer Distinctive Designs Furniture to pay in full all creditors owned less than C$1,500, while those owed more would be issued certificates giving them a pro-rata share of company profits over the five year 2008 to 2012. According to the author, Distinctive made the proposal as part of a restructuring effort after its major shareholder, Consolidated Mercantile Inc., sold its stake.


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