The company said it hopes to have exit financing of $5-million when it emerges from creditor protection.

That company sought creditor protection in 1995.

Published reports indicate that the company had filed for protection from its creditors, but that it anticipates emerging from creditor protection soon.

Orders under divorce and creditor protection laws can typically be made against that individual notwithstanding the alleged independence of such trustees.

Protective trusts are subject to challenge under creditor protection legislation as are any other forms of asset-protection.