Nigadoo campground owes over $447K to creditors

More details have emerged about the bankruptcy of a Nigadoo campground  that`s left campers, who paid hundreds of dollars towards site deposits for the upcoming season, feeling frustrated.

The Acadie-Nouvelle reports Motel Camping Hache as owing more than $47,000 in backed property taxes and over $447,000 to secured and unsecured creditors.

The company`s assets are pegged at a little over $400,000.

Nigadoo`s mayor is optimistic it will still have a future in the village and that every effort will be made to help potential buyers of the property get it up and running again.

Documents posted at the property say campers who paid deposits for the upcoming season will not be reimbursed by the Trustee but can file to claim as a creditor.

However, the document states a future buyer will have no financial obligation to the campers and that the sale of company assets is expected to get under way soon.

A first meeting of creditors is scheduled for March 6th at the Atlantic Host in Bathurst.

(with files from the Acadie-Nouvelle)