Atlantic Hydrogen Inc.

Atlantic Hydrogen Inc. is in bankruptcy in New Brunswick under section 49 of the Bankruptcy and Insolvency Act, the assignment taking effect at 09:22 on September 29, 2015 under court file 21533, with Deloitte Restructuring Inc./Restructuration Deloitte Inc. as trustee. The Statement of Affairs, as at September 28, 2015, puts total assets at $25,955.00 against total liabilities of $14,535,544.07, a stated deficiency of $14,509,589.07. Emera holds the largest claim, $9,517,628.00 secured on a patent to which a value of $1.00 is ascribed, so the balance ranks with the unsecured creditors; ACOA is listed at $4,350,000.00 and Lorneville Mechanical Contractors Ltd. at $450,993.92. Equipment financiers National Leasing Group Inc. and RCAP Leasing Inc. hold PPSA registrations against machinery. The proceeding is active.