LAVAL, QUE. — After speaking to some 20 families who lost millions in deposits when local real estate developer Bel-Habitat went bankrupt last week, Laval Mayor Marc Demers is promising support.
“Given the magnitude of the situation, we have asked the general management to look at the tools we have available to help you,” he said at a July 6 city council meeting.
The Laval police department has opened an investigation and the mayor said “no effort will be spared” to shed light on this “unprecedented drama.”
The company was incorporated in 2010 and its majority shareholder is its president Luc Perrier.
Among the 234 unsecured creditors are more than a hundred buyers whose down payments total $18 million of the $26 million swallowed up i…
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