A Nova Scotia judge approved an application Wednesday to protect Atlantic Canada’s largest newspaper company from its creditors as SaltWire Network Inc. tries to emerge from insolvency with a restructuring plan.
The emergency court hearing was beset by legal wrangling because SaltWire wanted a different monitor than the one suggested by the private equity firm Fiera Private Debt, which has claimed in court documents it is owed $32.7 million, plus almost $600,000 of accrued interest.
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