Dannburg Holdings Corporation Limited, Receivership

Dannburg Holdings Corporation Limited, a Calgary, Alberta-based flooring supplier to homebuilders and retail customers, was placed in receivership on November 23 on application by Connect First Credit Union Ltd., owed approximately $2.1 million. The company had defaulted on payments on various loans and experienced a multitude of staffing issues that led to a partial wind down. Grant Thornton is the receiver. Counsel is Carscallen for Connect First Credit Union Ltd. and Parlee McLaws for the receiver.  

By: Dina Milivojevic