86-Year-Old New Brunswick Seafood Co-op Seeks Creditor Protection With Nearly CAD $25M in Debt

Island Fisherman's Co-operative Association Limited, one of the largest snow crab and lobster processors on New Brunswick's Acadian Peninsula, has filed for protection under Canada's Companies' Creditors Arrangement Act (CCAA). The Lamèque-based co-operative — founded in 1940 — obtained a temporary protection order effective August 12, 2026, granted by a Saint John judge, shielding its assets from creditors for an initial ten-day period while it works to stabilize its finances, CBC News reported...
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