New Brunswick · CCAA
First Report of the Monitor
Court officer report · 19 August 2026
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
- secured creditorsnote: Listed as creditor per Company's books and records; classification as secured based on continued discussions with BDC regarding refinancing existing credit facilities; not expressly stated as secured or unsecured in these pages · page: 6 · as of: First Bezeau Affidavit (6 August 2026) · amount: 7900000 · debtor: Island Fisherman's Co-operative Association Limited / Association Cooperative des Pecheurs de L'Ile Limitee · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Disputed: WhiteCap asserts legal title to product passed upon advance, meaning Company is not indebted for advances; Company's position is that title remains with Company until sale to third parties · page: 6 · as of: 2026-06-30 · basis: Company's books and records as at date of First Bezeau Affidavit; also reported as $14.1 million USD advance payable as of 30 June 2026 · amount: 14100000 · debtor: Island Fisherman's Co-operative Association Limited / Association Cooperative des Pecheurs de L'Ile Limitee · creditor: WhiteCap International Seafood Exporters Inc. · currency: USD
- unsecured creditorsnote: Also stated in prose as approximately $4.67 million of Loan Capital owing to members; related party (cooperative members) · page: 6 · as of: First Bezeau Affidavit (6 August 2026) · basis: Company's books and records as reported · amount: 4700000 · debtor: Island Fisherman's Co-operative Association Limited / Association Cooperative des Pecheurs de L'Ile Limitee · creditor: Member's Loan Capital · currency: CAD
- unsecured creditorspage: 6 · as of: First Bezeau Affidavit (6 August 2026) · basis: Company's books and records as reported · amount: 4400000 · debtor: Island Fisherman's Co-operative Association Limited / Association Cooperative des Pecheurs de L'Ile Limitee · creditor: Atlantic Fisheries Fund · currency: CAD
- unsecured creditorsnote: Aggregate trade creditor category, not individually named · page: 6 · as of: First Bezeau Affidavit (6 August 2026) · basis: Company's books and records as reported · amount: 2900000 · debtor: Island Fisherman's Co-operative Association Limited / Association Cooperative des Pecheurs de L'Ile Limitee · creditor: Lobster and snow crab suppliers · currency: CAD
- unsecured creditorspage: 6 · as of: First Bezeau Affidavit (6 August 2026) · basis: Company's books and records as reported · amount: 2700000 · debtor: Island Fisherman's Co-operative Association Limited / Association Cooperative des Pecheurs de L'Ile Limitee · creditor: Atlantic Canada Opportunities Agency · currency: CAD
- unsecured creditorsnote: Aggregate trade creditor category, not individually named · page: 6 · as of: First Bezeau Affidavit (6 August 2026) · basis: Company's books and records as reported · amount: 2300000 · debtor: Island Fisherman's Co-operative Association Limited / Association Cooperative des Pecheurs de L'Ile Limitee · creditor: Other trade suppliers · currency: CAD