TITLE

Distinctive proposes pay plan

AUTHOR(S)
Knell, Michael J.
PUB. DATE
August 2007
SOURCE
Furniture/Today;8/20/2007, Vol. 31 Issue 49, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
26338722

 

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