British Bazaar and British Confectionery

British Bazaar Company Limited and British Confectionery Company Limited were the subjects of proceedings under the Companies' Creditors Arrangement Act in the Supreme Court of Newfoundland and Labrador, General Division, court file 2019 01T 4560; the file is closed. Creditor lists filed for the two companies state British Confectionery's secured claims at $3,910,208.75 and its unsecured claims at $5,331,164.29, and British Bazaar's at $3,909,183.00 secured and $1,436,311.63 unsecured, the latter including a $1,044,789.00 intercompany claim by British Confectionery. Bank of Montreal, at $3,248,593.00, and Business Investment Corporation, at $660,590.00, are listed as secured creditors of both companies. Contingent liabilities arising from pending legal actions apply to both companies, including Atlantic Lottery Corporation at $3,787,376.00. The largest unsecured claims against British Confectionery are Atlantic Canada Opportunities Agency at $1,813,779.67 and Servi-Jeux at $1,161,278.05.