TITLE

Despite subsidiaries' sales, Ontario struggles with debt

AUTHOR(S)
Schnitzler, Peter
PUB. DATE
October 2008
SOURCE
Indianapolis Business Journal;10/27/2008, Vol. 29 Issue 34, p10A
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a court case wherein a plaintiff claims for payment of the debt resulting from the promissory notes issued by the defendant Ontario Corp. Accordingly, the federal court of Indianapolis will determine as to who will pay the debt, considering the changes within the Ontario Corp. and its subsidiaries. The plaintiff won in the summary judgment which obligated Ontario Corp. to settle the debt, but the bank settle it partly only, with a condition.
ACCESSION #
34993846

 

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