[ad_1]
Burry & Shipyard Inc. of Clarenville filed a notice of intent to make a proposal under the Bankruptcy and Insolvency Act.
Owner Glenn Burry told CBC News a few weeks ago that the company had no work. Deloitte Restructuring Inc. has been appointed insolvency trustee under the filing, according to documents published on Deloitte's website.
In a letter to the creditors, Deloitte indicates that the Burry shipyard was destroyed. 30 days from July 10 – the filing date – to make a proposal to creditors or to request an extension in court.
"The effect of filing [notice of intent] is an automatic stoppage of proceedings against all creditors to commence actions against Burry's Shipyard Inc.," reads Deloitte's letter.
One hundred workers laid off
Burry had told CBC News that he was laying off about 100 workers
"We have nothing in sight to this t ime .. C & # 39; is very serious for the region and for us, it's the least we can say, he says earlier this month.
The Burry Shipyard is located in Clarenville (CBC)
Burry says the yard was counting on the contract The refit of the MV Gallipoli was almost complete when, in February, the cradle under the ferry partially collapsed, leaving it propped up at the edge of the river.
The ship was brought back into the water, and the company
The Minister of Transport and Public Works, Steve Crocker, said that an badessment by a third party showed that Burry's schedule was not realistic.
MV Gallipoli's refit was moved to Newdock St. John's Dockyard Limit ed.
Burry did not immediately respond to an email from CBC News on Thursday asking for comments.
Source link
