Tag Archives: Blue Wave Seafoods
Blue Wave Seafoods failure puts Nova Scotia taxpayers on the hook – Fish plant filed for bankruptcy after $500K loan
Nova Scotia taxpayers will find out later today how many millions of dollars they’ll lose in the failure of Blue Wave Seafoods. Company creditors are meeting on Thursday to vote on a restructuring plan that could see taxpayers recover as little as three cents on the dollar. Read more here cbcnews 12:50
Following controversial pre-election $500K loan, Blue Wave Seafoods files for bankruptcy
A fish plant in southeastern Nova Scotia that got a controversial government loan on the eve of the provincial election has filed for bankruptcy protection. Blue Wave Seafoods of Port Mouton made the filing on Friday, citing more than $1.1 million in liabilities and no assets. more@cbcnews 20:40
Nova Scotia Fish Packers Association says the pre – election loan to Blue Wave Seafoods is questionable
The NDP is being criticized for a $500,000 loan made in a key riding on August 29 – several days before the election was called. Blue Wave Seafoods is getting the money to restructure its plant in Port Mouton. The plant is in a new riding – one that the NDP’s last fisheries minister hopes to represent. more@cbcnews 13:23
