- Associated Press - Thursday, April 21, 2016

PORTLAND, Maine (AP) - A financially beleaguered ferry service that carried passengers between Maine and Nova Scotia has filed for bankruptcy in Canada.

The Portland Press Herald reports (https://bit.ly/1Qqbq6s ) documents filed in a Halifax, Canada, district court last week say Nova Star Cruises owes more than $15 million to creditors and identifies $142,000 in assets.

Portland is owed more than $77,000, mostly in unpaid port fees totaling almost $58,000. Several Maine companies are owed thousands of dollars.

The court notified creditors of the filing on Wednesday. The first creditors’ meeting is set for May 4 in Yarmouth, Nova Scotia.

The ferry service had problems since its first season in 2014. It left Portland Harbor for good in December after a settlement was reached with its creditors and the ferry’s owner, Singapore Technologies.


Information from: Portland Press Herald, https://www.pressherald.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide