Capital Pride delays filing bankruptcy

Capital Pride revealed it has not technically filed bankruptcy yet, according to CBC.

This was revealed at its annual general meeting tonight at City Hall and followed speculation on whether the organization will survive after it announced bankruptcy last month.

A temporary board was appointed to delay officially filing for bankruptcy since attendees decided the original board was compromised.

Attendees also called into question the board’s ability to oversee the organization, reported CBC.

Bankruptcy will be delayed for 45 days and the meeting is set to reconvene in about a month, with more details on finances, CBC said.