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Sunterra’s Restructuring Under Court Watch | Toronto News
Sunterra Group, Alberta’s sprawling agri-food empire with grocery stores and pork processing plants, is under court supervision as it seeks a buyer or investor to restructure its massive debt. Facing a $35 million U.S. lender judgment tied to fraudulent cheque practices — described by a judge as “astonishing” and involving the CEO — the company is navigating a high-stakes sale process with KPMG reviewing offers. Though not technically bankrupt, Sunterra must navigate over 200 creditors while trying to preserve its legacy multi-generational farming roots — all while the fate of its iconic…
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