Bankruptcy

Bridging Finance Update

Bridging Finance Update

June 8, 2022 at 12:32 pm

There have been some developments—none that could be considered good—in the Bridging Finance story. As you will recall, the local angle on this tale of a Toronto-based private debt lender in receivership is that Membertou Corporate borrowed $6.8 million from Bridging to invest in Albert Barbusci’s Sydney harbor container terminalRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

April 22, 2022 at 10:00 am

Courthouse Dreams We discovered during budget talks on Tuesday that CBRM is considering the possibility  of turning the former Cape Breton County courthouse in Wentworth Park into the new central library. I am trying not to get my hopes up too high as I write this because there are aRead More

One Ocean Expeditions Update

One Ocean Expeditions Update

April 20, 2022 at 1:19 pm

I’m easing back into work after a glorious long weekend by updating a couple of stories I’ve followed previously, which is why I’m talking about One Ocean Expeditions (OOE), the polar cruise operator founded by Westmount native Andrew Prossin. OOE, with debts of $29.6 million and assets worth just northRead More

Fast and Curious: Short Takes on Random Things

Fast and Curious: Short Takes on Random Things

September 2, 2020 at 12:51 pm

It’s toady time! I confess: I find Anthony Marlowe — CEO of MCI, savior of the Sydney Call Centre — fascinating. So much so that whenever things are slow, or I’m in need of distraction, I tune in to his Twitter stream to see what he’s been getting up to.Read More

Creditors’ Committee Will Do ‘Whatever They Can’ to Help ServiCom Workers

Creditors’ Committee Will Do ‘Whatever They Can’ to Help ServiCom Workers

December 12, 2018 at 2:51 pm

Jeff Sklarz is the New Haven, Connecticut-based attorney representing the unsecured creditors’ committee in the JNET Communications (parent company of ServiCom) bankruptcy case. I talked to him on Monday about the JNET bankruptcy and I’m combining what he told me with some information I dug up myself to help youRead More