Bankrupt fishery has swimming chance
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Eskasoni Chief Alison Bernard wants to give the bankrupt Gold Eagle fisheries a second chance.
Since buying the former Nova Aqua fish farm at a receivership sale in 1991, Bernard's band invested $3 million into the fishery. A series of bad management strategies forced the fishery to file for bankruptcy in February, leaving the band with a total $5 million debt.
But Bernard is confident that with a proper restructuring, the Gold Eagle will soar again.
