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Sep 1, 2016

Prominent Canadian Bank Sells Portfolio of Distressed Consumer Debt

Sanjeev Mitra and Jeffrey K. Merk

One of the largest banks in Canada made the move to offload a portfolio of distressed consumer debt from its balance sheet by way of the sale of the portfolio to a debt buyer.

Aird & Berlis represented the Schedule I bank in connection with the sale with a team that was led by Sanj Mitra and included Jeffrey Merk and Matthew Liberatore.

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