Receivership hearing resumes for Victoria businessman Greg Martel

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'Show me the money': Receivership hearing resumes for Victoria businessman Greg Martel

, went through some of the details it has discovered in the two days it’s been able to look into the company and its accounts so far.

At the end of the 2.5 hour hearing the judge approved the receiver’s request to add two related corporations to the receivership order including Martel Investments Ltd. based in B.C. and Shop Your Own Mortgage Corp. based in California. Ritchie Clark, lawyer for My Mortgage Auction, told the courts he was only retained Monday and hasn’t had a chance to review the voluminous materials.Sign up for the CHEK Now daily email newsletter to get breaking news and the day's top stories sent to your email.“My general instructions are that the company has the assets and the ability to discharge its obligations. It’s obviously a complicated situation,” he told the judge.

 

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