business viability reviews
Home
Services
Our People
Recent News
Articles
Links
Contact Us

Recent News / 01 June 2010


01 June 2010
Forest & Marine Limited Partnership et al

The Bowra Group Inc was appointed Receiver of

FOREST & MARINE FINANCIAL CORPORATION (in its own capacity,
in its capacity as General Partner of FOREST & MARINE FINANCIAL LIMITED PARTNERSHIP and in its capacity as Manager of FOREST & MARINE INVESTMENT TRUST)
FOREST & MARINE INVESTMENT LTD.
FOREST & MARINE CAPITAL LTD.
FOREST & MARINE INSURANCE SERVICES LTD.
and TREESEA HOLDINGS INC.


by order of The Supreme Court of British Columbia on August 13, 2009.

Forest & Marine provided financing for companies in the BC coastal forest and marine industry and had been in business since 1983.

The Receiver continues with an orderly workout of the loan portfolio.

The Receiver's First Report, dated September 14, 2009, sets out the liquidation strategy.
Subsequent Reports provide an update on the status.

Based on realizations from the assets of Forest & Marine, a preliminary distribution to creditors is being contemplated. Copies of the Claims Process Order, creditor listing and a letter to creditors are located below.

Court Orders
Court Order dated August 13, 2009   (580 KB)
Court Order dated November 9, 2009   (282 KB)

Receiver's Reports
Receiver's First Report dated September 14, 2009  (1.78 MB)
Receiver's Second Report dated October 15, 2009  (950 KB)
Receiver's Third Report dated December 14, 2009  (1.0 MB )
Receiver's Fourth Report dated February 10, 2010  (690 KB )
Receiver's Fifth Report dated April 9, 2010  (721 KB )

Creditor Claims Process
Claims Process Order dated May 25th, 2010   (580 KB)
Creditor List dated May 28th, 2010   (282 KB)
Letter to Creditors dated May 28th, 2010  (1.78 MB)


For further information please contact Martin Hyatt at (604) 608-6241 or email mhyatt@bowragroup.com.





© 2004-2010 The Bowra Group Inc. | T: 604-689-8939 | F: 604-689-8584 | E: info@bowragroup.com | All Rights Reserved.
1930 - 1095 West Pender Street, Vancouver, B.C. V6E 2M6