bankruptcy

Police ramp up an investigation into fraud allegations concerning a failed Waterloo, Ontario-based pigeon breeding scheme and its founder.

Creditors of Pigeon King International comment on the company’s founder’s efforts to resist personal bankruptcy.

Reposted Wednesday Dec. 17, 2008

Earlier this week, the Rol-Land Farms came under scrutiny for abruptly laying off more than 70 migrant workers from its Campbellville plant. Now, it appears the staff cuts were related to deep financial troubles at what is Canada’s largest mushroom farm.

How, and if, the founder of a failed pigeon breeding scheme promoted his company’s incorporation to business associates may well hold the key to his defense against personal bankruptcy.

© Copyright AgMedia Inc At a hearing lasting less than five minutes Waterloo lawyer Steven Gadbois appeared before Insolvency Deputy Registrar Robert Stevens in London Superior court today to request time to consider the personal bankruptcy application brought against his client, Arlan Francis Galbraith, by BDO Dunwoody, bankruptcy trustee for Pigeon King International, the company Galbraith founded.

Updated 6:43 p.m. Wednesday Dec. 3, 2008

They can enter his property, seize his money, house, or automobile and even redirect his mail. The court order appointing BDO Dunwoody Limited as interim receiver of Arlan Galbraith’s personal assets will likely even pit them against Canada Revenue agents who last week showed up at the office of the solicitor handling the sale of the former pigeon king’s Waterloo home and scooped up the proceeds.

A bankruptcy inspector for a former Waterloo, Ontario business is petitioning the business’ former owner into personal bankruptcy.

Details emerging of what’s owed to creditors in the recent bankruptcy of Waterloo-based Pigeon King International Inc. are raising more questions than answers.

No Canadian authorities have found anything wrong with Arlan Galbraith’s now- insolvent pigeon breeding scheme but that didn’t prevent four states from reining in the pigeon king, as he likes to be called, and now former growers and the professionals left to clean up Galbraith’s mess are left with more questions than answers. The biggest question: do some growers have to lose everything?