Only four turned out for a meeting of creditors in Kitchener
this week, but on behalf of more than 50 claimants, they approved the proposal
developed by BDO Dunwoody.
Farmers will get 75 per cent of the money, others, including
tax collectors, the other 25 per cent.
Some farmers are owed for pigeons they delivered, but were
not paid, others for up-front payments for breeding pairs they never received.
They will get just over five cents on a dollar’s worth of
losses.
Three employees get all the money they were owed.
Bankruptcy administration took the lion’s share of more than
$430,000 in assets the company and Galbraith held.
Galbraith was convicted of fraud and sentenced to seven
years in prison in 2013, but was released on parole in July. His whereabouts
are not known.
