Newfoundland and Labrador · Receivership (court-appointed)
Foss Fishing Enterprise Limited - First Statement of the Receiver
Court officer report · 19 July 2024
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What we verified from this filing12 verified
- appointeeBDO Canada Limited
- appointee rolereceiver
- commencement date12 January 2024
- provinceNEWFOUNDLAND AND LABRADOR
- statutory basisSubsection 246(2) of the Bankruptcy and Insolvency Act
- disbursementssince: January 12, 2024 (Date of Appointment) · amount: 62712.42 · currency: CAD
- financial positionnote: Assets listed as Net Book Value: Receivables Unknown, Equipment & Furniture Unknown, Fishing Gear Unknown, Fishing Vessel Unknown. Receiver not in possession of books and records. Secured amounts owed: CIBC - Approx. $3,800,000; Quinlan Brothers Limited - Unknown. · as at: 2024-01-12 · basis: Statement of assets subject to appointing creditor's security; Net Book Value unknown for each asset category · scope: entity - Foss Fishing Enterprise Limited (Property subject to receivership) · currency: CAD
- operational summaryThe Receiver has not yet realized upon the fishing vessel and related equipment, and has engaged Trinav Marine Brokerage to market and sell these assets.
- professional feesnote: Excludes HST; HST on Receiver's Fees separately listed as $4,960.89 · party: Receiver (BDO Canada Limited) · amount: 33072.63 · period: January 12, 2024 to July 18, 2024 · currency: CAD
- receipts cumulativesince: January 12, 2024 (Date of Appointment) · amount: 81033.28 · currency: CAD
- report date19 July 2024
- report noFirst Interim Report