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APR 48 Mos.
Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its seemingly insolvent debtor, Trinity Auto Group, placed under Companies’ Creditors Arrangement Act protection, forcing the Mississauga, Ontario-based dealership conglomerate into a court-supervised restructuring. At issue was $61.7 million in floorplan financing, corporate funding and property […]
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David Thompson
David Thompson
David Thompson
