Mariner Seafoods Inc. is subject to proceedings under section 11 of the Companies' Creditors Arrangement Act. An application was filed January 13, 2010, and the Supreme Court of Prince Edward Island issued an Initial Order on January 14, 2010 (court file no. S1-GS-23555). Grant Thornton Limited was appointed monitor. Secured creditors include GE Capital for $909,128.61. Listed unsecured claims include Mark Bonnell for $5,570,767.91, Active Communities Inc. for $2,540,000.00, Montague Cold Storage for $1,246,600.72, and Lorne Bonnell for $200,000.00, among numerous trade creditors and employee wage claims.
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The officer filed report no. Eleventh Report. The Plan of Compromise or Arrangement was rejected by the statutory majority of creditors after extensive negotiations failed, and the Monitor recommends the stay of proceedings be lifted so creditors can pursue their own remedies.
Monitor's Eleventh Report to Court - December 13, 2010
Operational summaryThe Plan of Compromise or Arrangement was rejected by the statutory majority of creditors after extensive negotiations failed, and the Monitor recommends the stay of proceedings be lifted so creditors can pursue their own remedies.
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CiteProceedings., “Mariner Seafoods Inc.” (CCAA), Supreme Court of Prince Edward Island. Retrieved 20 September 2026, https://proceedings.ca/case/mariner-seafoods-inc
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/mariner-seafoods-inc
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