Newfoundland and Labrador · CCAA
Monitor's Third Report dated April 8, 2025.pdf
Court officer report · 8 April 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- operational summaryThe Monitor is running a court-approved SISP to sell the Companies' assets (fishing vessel, gear, and licence) and seeks approval of an early sale of the vessel R.S. Journey and crab gear so the purchaser can fish the 2025 snow crab season. The Companies remain in CCAA proceedings as a partial liquidation; BMO opposes the early sale.
- process resultsndas: 13 · note: 22 parties requested info, 13 signed NDA and were granted VDR access, out of 330 solicitation letter recipients · as of: 2025-04-08 · solicited: 330
- purchaserTodd Young
- report date8 April 2025
- report noThird Report
- sale advisorGrant Thornton Limited
- sale outcometext: offer received from Todd Young for Lot 1 fishing vessel and crab gear, pending Court approval · scope: parcel · status: pending_approval