Imagine emerges from bankruptcy
Posted Dec 23, 2009 05:14:04 AM.
This article is more than 5 years old.
Cambridge-based Imagine Adoption is back in business.
Over 300 families were left in limbo when Imagine went bankrupt July 13th.
But, most families agreed to pay an extra $4,000 each as the agency restructured and climbed out of bankruptcy.
Imagine got its’ licence back in mid-October and was able to resume operations on December 11th.
Since then, two kids from Ethiopia have been placed with families in Saskatchewan.
As part of the restructuring, Imagine formed a new eight-member board of directors.