#Filing
An application was filed in the New Brunswick proceedings under file 23369; the record carries January 3, 2020 as a commencement date alongside the December 12, 2017 filing.
Marathon Fluids and 680177 NB Inc.
FollowActive
- Proceeding
- Proposalsections 50.10(a)(i) and 50.10(a.1) of the Bankruptcy and Insolvency Act ("BIA")
- File
- 23369
Filings held2
Last activity3 Jan 2020
On the record2,453 days
Secured debt$589K
OverviewSummary updated
Marathon Fluids and 680177 NB Inc. are before the Court of King's Bench of New Brunswick in a Division I proposal under sections 50.10(a)(i) and 50.10(a.1) of the BIA, court file 23369, with BDO Canada Inc. as Proposal Trustee. The proceeding, commenced January 3, 2020, is active. The Toronto-Dominion Bank, secured by a May 9, 2015 collateral mortgage and general security agreement and a guarantee from president Karim Bhibah, demanded $589,167.51 from Marathon Fluid Systems Limited on December 12, 2017, exclusive of interest, fees and costs, and later put the debt in excess of $616,511.70. A December 18, 2017 interim financing order gave 679515 N.B. Ltd. a DIP charge ahead of TD's first charge. The proposal treats Merchant Advanced Capital as secured, to be paid $200 monthly for 36 months in full and final satisfaction; unsecured claims include $112,009 to CRA and $89,549 to the Receiver General.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Report
Proposal proceedings commenced with BDO Canada Inc. as Proposal Trustee; TD demanded $589,167.51 from Marathon Fluid Systems Limited that same day, exclusive of interest, fees and costs.
Source: Marathon Fluids - Material Adverse Change Report with Exhibits
Parties
Debtor
Marathon Fluids and 680177 NB Inc.
Proposal trustee
BDO
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank (TD) · in 111 casesCollateral Mortgage (May 9, 2015) and General Security Agreement (May 9, 2015); first charge subject to DIP Charge on working capital, equipment and real property — Balance stated 'totaled $589,167.51 as of December 12, 2017, exclusive of interest, fees and costs yet to be accrued'; also demanded in that amount same date. Later stated 'presently owes in excess of $616,511.70' as of application (2018-06-22 affidavit date, exact as-of not stated) - see separate consideration; personal guarantee also given by Karim Bhibah, President (guarantor). — debtor: Marathon Fluid Systems Limited · as of 12 Dec 2017 | $589K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 4 | Secured | Merchant Advanced Capital (MAAC)as of NOI filing date — Secured creditor; treated by Proposal as secured, to be paid $200/month for 36 months in full and final satisfaction — Proposal Realization Schedule shows total priority/secured payments of $48,000 for TD and MAAC combined but TD payout separately negotiated by refinancing; no discrete outstanding balance stated for MAAC. — debtor: Marathon Fluid Systems Ltd | — | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 4 | Secured | CBDC Westmoreland Albert Inc.Secured creditor of Marathon by guarantee/security in respect of debts of 680177 NB Inc. — Not participating in Proposal distribution but entitled to claim debt and vote as secured creditor; amount not stated. — debtor: 680177 NB Inc. (guaranteed/secured by Marathon) | — | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 4 | Secured | Roynat Capital Inc. · in 3 casesSecured creditor of Marathon by guarantee/security in respect of debts of 680177 NB Inc. — Not participating in Proposal distribution but entitled to claim debt and vote as secured creditor; amount not stated. — debtor: 680177 NB Inc. (guaranteed/secured by Marathon) | — | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 4 | Secured | 679515 N.B. Ltd.Order for Interim Financing dated December 18, 2017 (DIP charge) in favour of 679515 N.B. Ltd. — Excepted from TD's first-charge priority agreements as holder of interim financing/DIP charge; amount not stated on these pages. — debtor: Marathon Fluid Systems Limited | — | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 4 | Secured | M4 Holdings Inc.Secured creditor of Marathon by guarantee/security in respect of debts of 680177 NB Inc. — Not participating in Proposal distribution but entitled to claim debt and vote as secured creditor; amount not stated. — debtor: 680177 NB Inc. (guaranteed/secured by Marathon) | — | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 7 | Preferred (BIA s. 136) | Preferred creditors (BIA s.136) · in 44 casesas of NOI filing date — Document states 'There are no known preferred creditors.' Preferred class (Class 1) provided for in Proposal but none identified. — debtor: Marathon Fluid Systems Ltd | — | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | CRA - Tax Atlantic - RTas of NOI filing date — Listed within unsecured creditor schedule despite CRA also holding a property/deemed trust claim addressed separately in the Proposal (Paragraph 7/9). — debtor: Marathon Fluid Systems Ltd | $112K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Receiver General · in 75 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $89.5K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Sterling Power Systems Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $67.4K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Wajax Industrial Components · in 11 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $51.4K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | 679515 NB Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $50K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Wiktenas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $49.3K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Allsco · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $47.5K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Kemtag Enterprises Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $44.1K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Netzsch Canada Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $38K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Vena Fittings & Mfg. Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $34.2K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | McSheffery Industries Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $30.5K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Iron Pumpas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $25.9K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Specified Solutionsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $21.1K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | SPX Flow Europe Limitedas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $21.1K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Minister of Finance · in 71 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $20.6K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Oakes Enterprisesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $18.3K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Grant Thornton · in 9 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $16.9K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | TRC Hydronics Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $14.1K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Livingston International Inc. · in 16 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $13.9K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Abba Partsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $13.5K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | A-T Controls Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $12.5K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Pentair Water Qualityas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $12K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Griffin Accounting Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $9.07K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Pompco Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $8.62K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | The Panel Shop · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $8.26K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Purolator Courier · in 19 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $7.71K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Omnitech Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $7.53K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | All Prime Pumpsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $6.21K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Ampco Pumpsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $6.21K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Festo Inc. · in 11 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $5.77K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Jaguar Crane Canada Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $5.65K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Day & Ross Inc. · in 16 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $4.86K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Pentair Canada Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $4.39K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Blue-White Industriesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $4.35K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Trident Pump & Filtration Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $4.28K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | C&B Industrial Supplies Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $4.25K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Tsurumi Canada · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $4.08K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Cox and Palmer · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $3.67K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Atlantic Valve & Fitting Co.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $3.37K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Pioneer Enterprise Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $3.16K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Evolution Hosting Solutions Inc. · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $3.08K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Environmental Pumping Stationsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $2.31K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Rotech Pumps and Systemsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $2.26K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Rome Transportation Inc. · in 5 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $2.1K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Vertiflo Pump Companyas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $2.05K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | MTH Pumpsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $2.03K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Ric's Equipment and Suppliesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.94K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Construction Association of NBas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.87K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Georges Leger Building Maintenanceas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.77K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Griswold Pump Companyas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.66K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Northeast Equipment Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.44K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Craig Kelman & Associatesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.15K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Fristam Pumpsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.07K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Moncton Northeast Constructionas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1.06K | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Dynapompeas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $982 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Prospec Technologies Inc. · in 3 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $973 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Sansom Equipment Limited · in 3 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $920 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Neptune Chemical Pump Companyas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $847 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | RAE Industrial Electronicsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $834 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Saf-T-Flo Water Servicesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $817 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Solis (Netherlocks)as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $723 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | SPX FLOWas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $681 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | CTH Instrumentsas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $665 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | APEGNBas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $658 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Kebechem · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $619 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | PSG Eurocenteras of NOI filing date — debtor: Marathon Fluid Systems Ltd | $605 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Stellar Industrial Sales Ltd. · in 4 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $604 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Advocate Media Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $604 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | TTL Supply Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $585 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Acme Sectric (Port Hope) Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $545 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Unitrak Corporation Limitedas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $513 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Rains-noas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $476 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Southampton Computeras of NOI filing date — debtor: Marathon Fluid Systems Ltd | $453 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Air Pump Valve Corp.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $408 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Dynamic Rubber Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $350 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | APM Limitedas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $346 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Mistralas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $322 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Canadian Linen and Uniform · in 8 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $316 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Fundy Bearings Inc. · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $290 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Maritime Fastening Systems Ltd. · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $279 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | On Target Courieras of NOI filing date — debtor: Marathon Fluid Systems Ltd | $238 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Armstrong's Communication Ltd · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $238 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Rexel Atlanticas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $237 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Central Spa and Pool Supplyas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $235 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Aztech Lab Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $215 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | BFAL HVAC Equipment Salesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $215 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Moncton Palletas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $211 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | ACO Container Systems, Division of Rokoplast Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $208 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Francotyp-Postalia Canada Inc. · in 12 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $170 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | The Rideau Group Inc. · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $149 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | DR Recyclingas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $133 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Crane Supply · in 7 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $111 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Pinnacle Stainless Steelas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $107 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Carter's Sports Crating Limitedas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $97 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Fero Waste & Recycling Inc. · in 5 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $91 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Brunswick Fire and Safety & Ltd.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $80 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Certified Lock and Alarmas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $79 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Emco Corporation · in 25 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $79 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | DB Group Consulting Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $78 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | VJ Pamensky Canada Inc.as of NOI filing date — debtor: Marathon Fluid Systems Ltd | $75 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Armour Transportation Systems · in 12 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $72 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | John Crane Canada Inc. · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $71 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | East Coast Trophyas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $50 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | SPX Flow Technology (Lightnin) · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | CRA - Tax Atlantic - RPas of NOI filing date — Listed within unsecured creditor schedule despite CRA also holding a property/deemed trust claim addressed separately in the Proposal (Paragraph 7/9). — debtor: Marathon Fluid Systems Ltd | $1 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Gratec Limited · in 2 casesas of NOI filing date — debtor: Marathon Fluid Systems Ltd | $1 | Marathon Fluids - Material Adverse Change Report with Exhibits |
| 8 | Unsecured | Xylem Canada Company (ITT Ind G&U) · in 6 casesas of NOI filing date — Amount cell not legibly captured in OCR of table. — debtor: Marathon Fluid Systems Ltd | — | Marathon Fluids - Material Adverse Change Report with Exhibits |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Preferred creditors: paid in full of proven claims.Under the planMarathon Fluids - Material Adverse Change Report with Exhibits · 23 Aug 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | Class 1 (preferred) creditors | — | paid in full | Under the planper the trustee | Marathon Fluids - Material Adverse Change Report with Exhibits · 23 Aug 2019 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Documents2 filings
| Date | Document | File |
|---|---|---|
Marathon Fluids - Notice of Hearing on the Proposal
| ||
Marathon Fluids - Material Adverse Change Report with Exhibits
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Marathon Fluids and 680177 NB Inc.” (Proposal), Court of King's Bench of New Brunswick. Retrieved 20 September 2026, https://proceedings.ca/case/marathon-fluids-and-680177-nb-inc