2/9 This isn't just a corporate debt; it's a human tragedy.

The life lease model was a promise: seniors paid a large lump sum to live, and that money was to be returned when they moved or passed away. It was their nest egg, their inheritance for their children.
#LifeLease #FinancialCrisis

1/9
🚨 🇨🇦 HUNDREDS OF ALBERTA SENIORS FACE LOSING THEIR ENTIRE LIFE SAVINGS 🇨🇦 🚨

Developer #ChristensonGroup has filed for creditor protection, owing nearly $200 million in #LifeLease payments to seniors, many in the final stages of their lives.

Madeline Smith, CBC News
#Alberta #Seniors #AbPoli

Edmonton property developer faces charges over life-lease money The president of an Edmonton property development company that owes millions to seniors from life-lease contracts has been charged.

www.ctvnews.ca/edmonton/art...

Edmonton property developer faces charges over life-lease money

#abpoli #ableg #charges #LifeLease #Edmonton #YEG #Christenson #seniors #Alberta