Prince Edward Island · CCAA
Notice of Application
Application / notice of application · 11 May 2026
What we verified from this filing6 verified · 2 withheld
- applicantSeafood 2000 Ltd.
- court file noS1 GS31472
- appointeeMNP Ltd.
- appointee rolemonitor
- secured creditorsnote: Applicant is up to date on loan payments to FCC but is in breach of the FCC loan agreement (failure to maintain satisfactory debt service ratio); FCC has issued a notice of default; identified as one of the Applicant's two primary secured creditors · page: 7 · debtor: Seafood 2000 Ltd. · creditor: Farm Credit Canada (FCC) · currency: CAD · security: Financing extended in connection with 2024 acquisition (specific security/registration not described on these pages)
- secured creditorsnote: Applicant is in default under the NBC Credit Facilities, including failure to repay the DL on November 30, 2025 and failure to maintain a satisfactory debt/equity ratio; NBC has issued a notice of default; identified as one of the Applicant's two primary secured creditors; amounts listed are facility limits, not outstanding balances · page: 7 · debtor: Seafood 2000 Ltd. · creditor: National Bank of Canada (NBC) · currency: CAD · security: Credit facilities (facility limits, not stated balances): Line of Credit $500,000 (LOC); Temporary Operating Credit $4,500,000 (TOC) (together 'LOCTOC', TOC repayable Dec 31, 2025); Demand Loan $3,000,000 (DL, repayable Nov 30, 2025); MasterCard credit cards $100,000; global net risk line for derivatives $1,000,000
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.