Silvaram Holdings Fate Before the Court
By 250 News
Monday, November 14, 2005 08:00 PM
Visa Truck Rentals of Grande Prairie will appear in Supreme Court in Prince George on November 21st, seeking an order to petition Silvaram Holdings into bankruptcy. Visa Truck rentals say their company is owed $390,438.08 for rentals.
Silvaram Holdings Limited, operated in Prince George, Smithers, and Dawson Creek in BC and in Stony Plain, Alberta.
The petition filed says Silvaram Holdings also owes a catering company $125,000, the bank, $568,801.00, and GST approximately $150,000 dollars.
Visa Truck Rentals further claims Silvaram shut down on October 24th, and has advertised its assets at about $600,000.
During peak periods, Silvaram, a silva culture company, would have more than 400 employees working in B.C. and Alberta.
The principles of the company were not available to take calls concerning the fate of the business
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