I got to go on Global Edmonton tonight to talk about the restructuring plan!
Yahoo!
All is looking good. What a difference from almost 2 months ago when our world shattered. This is totally an answer to our prayers, and a resounding echo to our mantra from the very beginning "Yes We Can!"
Late Friday night we received a restructuring plan from BDO Dunwoody that outlines a very viable plan to allow our adoptions to be processed. Each family has been asked to contribute a $4000 renewal fee which will allow the agency to resume operations and complete our adoptions.
Another huge blessing is that many of the creditor's who were not families have agreed to reduce their claims, which have kept the restructuring costs lower.
There will be a new board of directors, and the new agency will be closely monitored by both the Trustee as well as the Government.
I am trying to remain cautious, as this plan hinges on the approval of the majority of creditors at the creditor's meeting on Sept.21st. Please keep us in your thoughts and prayers as we wait to exhale.
If you want to check out the news clip from this evening, go to the following link and click on Sept.7th evening news - it is about 8-9 mins in.
Thank you all who have maintained your love and support through these past 2 months.
http://www.globaltvedmonton.com/video/index.html
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