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Walton International Group Inc. and numerous related companies that form part of an organization administering 105,000 acres of land for development projects across North America — including Edmonton — has received creditor protection.

A Calgary judge granted the protection last week giving time for Walton International, the main Canadian operating entity, and about three dozen other investment, development and management companies to restructure under the Companies’ Creditors Arrangement Act.

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These applicants are part of Calgary-based Walton Group, made up of hundreds of trusts, corporations and partnerships in Canada, the U.S. and Germany, according to documentsfiled by monitor Ernst & Young.

The privately owned firm has thousands of investors who have bought corporate bonds or purchased units in partnerships that either develop land or hold vacant property until it can be sold.