Court places Lion Force into receivership, rejects CCAA restructuring bid

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Lion Force Transport has been forced into receivership after an Ontario judge ruled Friday the troubled carrier came to court “too late” to justify protection under the Companies’ Creditors Arrangement […]

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I do not know these guys well at all and if they operated above board like the owner stated, but this screams we invested all our money into growth at a terrible time and it blew up in our face.
 
Shakey said:
If they were above board, they would not have a $600K WSIB garnishment, property tax arrears exceeding $ 500 K, and insurance issues. Interestingly, the house started to fall at the same time as his big article in Trucknews about all his investments, per RBC, they have been in default since 2024
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That's super fair
 
I always love how they blame the banks and creditors for locking them out and now they have a bad relationship with their customers and drivers. I think these guys all think they would get away with this like Prime did.
 
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