Kelsey Lynne Fisheries Ltd.

Kelsey Lynne Fisheries Ltd. has been in bankruptcy since January 4, 2024, on an application by Coastal Financial Credit Union Limited, with Deloitte Restructuring Inc. acting as Licensed Insolvency Trustee under the BIA. The proceeding is before the Supreme Court of Nova Scotia in Bankruptcy and Insolvency under file number 45704 and remains active. Coastal has filed a proof of claim asserting a secured claim of $714,055, resting on a mortgage over the Property together with an unlimited guarantee and postponement of claim given by Kelsey Lynne Fisheries in respect of obligations owed by related entity Anchored Grounds Ltd. Also registered against the Property are municipal taxes of $24,686 claimed in priority by the Municipality of Argyle and a lien claim of $34,889 by Acadian Plumbing, Heating & Electrical Limited. Bank of Nova Scotia holds a blanket PPSA registration over all present and after-acquired personal property; CWB National Leasing Inc. and LBEL Inc. hold equipment registrations against a 2018 Screen King Ultra Screener and a point of sale system respectively.