Newfoundland and Labrador · Proposal

Fourth Report of Proposal Trustee

Court officer report · 24 October 2018

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 filing3 verified

operational summaryThe Company continued negotiating a sale of its shipyard assets (countering a Heddle Marine offer) and pursuing alternative financing through Spergel and Vinecrest, but as it will not seek further extensions of the NOI proceedings, it will be deemed to have made an assignment into bankruptcy effective October 27, 2018.
report date24 October 2018
report noFourth Report