Sunterra Group in Court-Ordered Restructuring | Calgary News

Suntterra Group, a major Alberta-based business with U.S. farming operations, is in court-supervised restructuring after being found liable for $35 million in losses from a massive cheque kiting scheme. A judge ruled the company and its president, Ray Price, responsible for repeatedly manipulating cheque float between Canadian and U.S. accounts to cover withdrawals — a scheme that bankrupted American lender Compeer Financial. Now, under creditor protection since April 2025, Sunterra is actively seeking investors or buyers to explore options including recapitalization, asset sales, or full corporate overhaul — a dramatic pivot for a company once seen as a regional powerhouse. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/56ae9cd9d3f01448