Montebello Cheese Factory , No Bankruptcy, but a Restructuring - Vat Gatineau

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Four years after a four-million-dollar expansion project, Montebello cheese factory filed a commercial proposal in July to restructure its debts, with the agreement of its creditors. This concordataire offer, a legal mechanism that reduces liabilities while continuing operations, was preferred rather than a bankruptcy. A temporary shutdown of seven days has interrupted production, but the activities have since resumed. Despite the difficulties, …