Tung Air Transport put into receivership

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Tung Air Transport and affiliate R. Lessard Trucking have been put into receivership, at the request of RBC, which claims the companies owe it some $18 million. A judge denied […]

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Man I would not want to be into a bank for much right now. Miss a payment and calling the loans in? Wonder who is next?
 
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Reactions: vanspek, Fr8Guru and Mario
Just goes to show you never know now who to do business with. Rob you are correct who will be next
 
We now have 2 threads going about this. If you read over the factum, RBC (in my opinion) jumped the gun on putting Tung Air into receivership. However, when you stop paying the mortgage payments, all hell breaks loose.
I guess that's the result of cheap interest rates, remortgaging your house, and then finding your monthly payments tripled.
Too bad - I always thought they were a good operator.
 
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