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Canadian lobster, hake processor files for creditor protection owing CAD 13m

The brief details of Chester Basin Seafood Group's efforts are laid out in a letter sent on Nov. 9 by a trustee to more than 50 companies owed at least CAD 250 each

By Jason Huffman | Nov. 17, 2023 15:52 GMT
The fishing vessel Seaman's Toy I was one of the assets of Nova Scotia-based Chester Basin Seafoods Group, which was just sold through a receivership process. Image from the website of Chester Basin Seafood Group.
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Chester Basin Seafood Group (CBSG), a Canadian harvester and processor of both lobster and hake, is seeking protection from creditors owed more than CAD 13.0 million ($9.4m) while it reorganizes. [...]

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