Halibut PEI Inc.

Halibut PEI Inc. has been in bankruptcy since January 17, 2022, with MNP Ltd. acting as trustee under subsection 102(1) of the Act. The Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer as at January 14, 2022, puts total assets at $3,189,103.00 against total liabilities of $9,446,331.00, a stated deficiency of $6,257,228.00, with the surplus line marked NIL and preferred creditors under List C at $0.00. Prince Edward Island Century 2000 Fund Inc. holds the largest secured position, claiming $1,852,269.00 against the building and land on Causeway Road in Victoria and a further $239,784.00 across inventory, receivables and machinery. Shareholders' loans of $4,577,263.00 dominate the unsecured list. Contingent claims by ACOA of $1,599,022.00 and the Atlantic Fisheries Fund of $1,034,435.00 are each shown as expected to rank for dividend at $0.00.