Business

Maine-to-Nova Scotia ferry service files for bankruptcy

The Nova Star ferry failed to attract customers. Nova Scotia Cruises

Troubled ferry service Nova Star Cruises has filed for bankruptcy, according to the Portland Press Herald. The company shuttled passengers between Portland and Nova Scotia for two years.

The company — which only identified $142,000 in assets — owes more than $15 million to creditors, according to documents filed in Halifax district court, the Press Herald reports. These creditors include an wide swath of businesses: Maine-based businesses like Red Hot & Lady Like and media companies like The Boston Globe are reportedly owed money.

Nova Star Cruises has been beleaguered for some time, after it projected more passengers than it ever attracted. In November, after complaints about unpaid bills, the ferry was seized as creditors took their grievances to court. A month later the ferry was released, and its owners said they were looking for a new operator and route.

Read the full Press Herald story here.

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