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Wayne Palmer, a solvency trustee, said the limited company that operated the store has opted to file for bankruptcy. No other Home Hardware stores are affected
of The Clarion
The Kindersley Home Hardware Building Centre has closed its doors for good because the limited company that owns the business has filed for bankruptcy.
The business closed suddenly last week and a handwritten note was posted at the business advising people that the store had been closed. The message provided people with two phone numbers and the name of a person to contact for information regarding the closure.
Wayne Palmer, a licensed solvency trustee at BDO Canada Ltd., said the limited company that operated the Kindersley Home Hardware Building Centre has opted to file for bankruptcy.
He noted that no other Home Hardware stores are affected as a result of the bankruptcy, only the store in Kindersley. Two factors contributed to company’s losses and decision to file, he said.
“The store, I guess, was experiencing significant losses brought about by, of course, the economic downturn, and the increased competition in the area,” Palmer said. “Those two events resulted in the losses being sustained, and then the company could just no longer operate.”For more on this story, please see the July 11 print edition of The Clarion.
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