Features Business Policy
Creditor protection extended for NB farm

November
29, 2011, Edmundston, NB – A large potato farming operation owned by a New
Brunswick man jailed in Lebanon will remain under creditor protection for a few
more weeks.

November
29, 2011, Edmundston, NB – A large potato farming operation owned by a New
Brunswick man jailed in Lebanon will remain under creditor protection for a few
more weeks.

A judge
has granted an extension until Dec. 16 to give lawyers time to finalize a plan
to deal with more than $11 million in debt carried by companies owned by Henk
Tepper.

His
lawyer, Bob Creamer, says the court found that the companies are acting in good
faith and with due diligence.

Tepper
has spent the past eight months in a Beirut prison.

He was
detained under an international arrest warrant over allegations that he exported
rotten potatoes to Algeria in 2007.

His
family and lawyers are hoping the federal government can do something to secure
his release.