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Published on 12/9/2011 in the Prospect News Distressed Debt Daily.

Homburg Invest CCAA protection extended by Quebec court to March 16

By Caroline Salls

Pittsburgh, Dec. 9 - Homburg Invest Inc. has obtained an extension to March 16 of its Companies' Creditors Arrangement Act protection, according to a company news release.

The company said the order will give it more time to further develop a restructuring plan.

Samson Belair/Deloitte & Touche Inc. is the court-appointed monitor that oversees Homburg's CCAA proceedings in the Quebec Superior Court.

Based in Halifax, N.S., Homburg owns a portfolio of real estate, including office, retail, industrial and residential apartment and townhouse properties in Canada, the United States and Europe.


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