date:Dec 25, 2012
North Lake Seafoods is officially bankrupt after a P.E.I. Supreme Court judges ruling Thursday.
Justice Ben Taylor issued the order after an application from Ocean Pride Fisheries Ltd., which is one of the companys creditors and leased its fish processing plant to North Lake Seafoods.
Taylor also appointed Grant Thornton as the trustee of North Lake Seafoods estate.
Ocean Pride claimed it hadnt received any lease payments from North Lake Seafoods since a lease on its Elmira fish plant began i