Farm Debt Mediation Service, Regina
Provides insolvent farmers and their creditors with mediation services pursuant to the federal Farm Debt Mediation Act (FDMA) and Regulations to help them arrive at a mutually satisfactory arrangement. The service is a private, confidential and economical alternative to the often costly, public and drawn-out process of resolving insolvency disputes in the courts. Where this is not successful, the parties still have recourse to the courts. Under the former Farm Debt Review Act, over 70 per cent of cases were successfully resolved using the mediation approach.
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