For further information contact:
Malaspina Enterprises Ltd. - CLOSED
Malaspina Enterprises Ltd. (the “Company”), based in Powell River, British Columbia operates as a full phase stump to dump logging contractor. It operates within the Sunshine Coast – Vancouver Island areas in conjunction with BC Timbersales and other TFL holders.
8/5/2014 10:33 AM
The Company filed A Notice of Intention to Make A Proposal on March 17, 2014.
The Company lodged on April 17, 2014, with The Bowra Group Inc. a Proposal under the Bankruptcy and Insolvency Act.
The meeting of creditors to consider the Proposal was held on May 6, 2014 in Powell River, BC.
24 unsecured creditors with total claims of $370,160.75 voted in favor of the Proposal and 3 unsecured creditors with total claims of $82,640.49 voted against the Proposal. The number of unsecured creditors voting in favor the Proposal was 89% with votes accounting for 82% of claim value.
The Proposal was accepted by the unsecured creditors.
A general Meeting of the Creditors will be held at the Powell River Town Centre Hotel, 4660 Joyce Avenue, Powell River, B.C. on the 6th day of May 2014 at 10:00AM.