Prince Edward Island · CCAA

Monitor's Tenth Report to Court - October 21, 2010

Court officer report · 21 October 2010

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing3 verified

operational summaryMariner has put forward a Proposed Plan of Compromise or Arrangement without consensus from the Principal Creditors and seeks a stay extension to December 14, 2010 for a creditor vote. The Monitor considers management to be acting in good faith and believes the plan avoids a receivership that would likely mean permanent plant closure and job losses.
report date21 October 2010
report noTenth Report