Frank Spingola & Sons files for bankruptcy
Frank Spingola & Sons files for bankruptcy
Frank Spingola & Sons Ltd., one of Canada's larger vegetable grower-packer- shippers that is renowned for its green onions, filed an assignment in bankruptcy May 8 under Canada's Bankruptcy & Insolvency Act.
According to documents provided to The Produce News by the Fruit & Vegetable Dispute Resolution Corp., Aberback Lapointe & Associates Inc. was appointed as the trustee of the estate and will hold the first meeting of creditors May 28 at 10 a.m. in Montreal at the Superintendent Office of Bankruptcy.
The documents list assets of $11,453,153 (Canadian) and liabilities of $15,918,007.47 (Canadian).
As a result of the filing, the firm's membership with the Fruit & Vegetable Dispute Resolution Corp. was automatically terminated the same day.
Frank Spingola & Sons, which was founded in 1960, was among the early members of the DRC, holding member No. 163 and joining just a few months after the DRC's founding in the fall of 1999, Stephen Whitney, the DRC's chief executive officer, told The Produce News.
For further information, contact Sylvain Lapointe, designated trustee, at 514/395-0570.
According to documents provided to The Produce News by the Fruit & Vegetable Dispute Resolution Corp., Aberback Lapointe & Associates Inc. was appointed as the trustee of the estate and will hold the first meeting of creditors May 28 at 10 a.m. in Montreal at the Superintendent Office of Bankruptcy.
The documents list assets of $11,453,153 (Canadian) and liabilities of $15,918,007.47 (Canadian).
As a result of the filing, the firm's membership with the Fruit & Vegetable Dispute Resolution Corp. was automatically terminated the same day.
Frank Spingola & Sons, which was founded in 1960, was among the early members of the DRC, holding member No. 163 and joining just a few months after the DRC's founding in the fall of 1999, Stephen Whitney, the DRC's chief executive officer, told The Produce News.
For further information, contact Sylvain Lapointe, designated trustee, at 514/395-0570.