Bridging Finance

The Receiver of the failed Canadian investment group known as Bridging Finance has taken legal action in the Cayman Islands to restore and liquidate a Cayman company through which millions of dollars of investors' funds were allegedly misappropriated and which "now faces potential liability of up to CAN$1.7 billion".

Petition to Restore and Liquidate in Bridging Finance Inc., Bridging Income Fund LP, and Bridging Mid-Market Debt Fund LP v. 2693602 Ontario Inc., which "was incorporated in Ontario, Canada on 29 April 2019 and subsequently continued into the Cayman Islands", at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Edmonton, Canada by John Hendriks, of A. Farber & Partners Ltd., as the Foreign Representative of Sean Frederick McCoshen, described as "a Canadian resident that until recently resided in a residential medical care facility in British Columbia, Canada", filed at the U. S. Bankruptcy Court for the District of Oregon.