Marathon Pulp Inc. (“Marathon”)

Bankruptcy Information

Page last updated: October 25, 2010

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.


Status of the file as at July 8, 2009

  • On July 7, 2009, the Court approved an order authorizing the Trustee to divest its right, title and interest in and to the Mill effective upon the registration of a notice of dissolution by owner by the Land Registrar for the Land Registry Office of Thunder Bay upon title to the Mill and ordering that any and all claims against the Trustee arising out of or in any way connected with the Mill be stayed, barred and forever extinguished.
     
  • [March 24, 2009]
    On March 24, 2009, the Trustee mailed to all known creditors including employees, the Notice of Bankruptcy and First Meeting of Creditors (the "Notice") advising the creditors that the first meeting of creditors will be held on April 7, 2009 at 2:00 p.m., at Royal Canadian Legion Branch 183 Hall, 39 Howe Street, Marathon, Ontario. A proof of claim form and general form of proxy, together with information relating to the bankruptcy were also mailed with the Notice. On the same day, all employees were mailed correspondence relating to the Wage Earner's Protection Program Act. Copies of all documents mailed can be found below.
     
  • [March 17, 2009]
    On March 17, 2008, Marathon Pulp Inc. ("Marathon") failed to file a proposal with PricewaterhouseCoopers Inc. ("PwC") the proposal trustee (the "Trustee"), within the period of 30 days after the day on which the notice of intention was filed. As a consequence, of the failure to file the proposal, Marathon is deemed to have made an assignment pursuant to subsection 50.4 (8) of the Bankruptcy and Insolvency Act.

    Particulars of the Meeting of Creditors and the Trustee's Preliminary Report to the Creditors will be posted on this website within the next two weeks.
     
  • [February 17, 2009]
    On February 17, 2009, the Trustee mailed a copy of the Notice to Creditors to all known creditors of Marathon pursuant to the provisions of the BIA.
     
  • [February 13, 2009]
    Take notice that on February 13, 2009 Marathon filed a Notice of Intention to Make a Proposal ("NOI") pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (Canada) and PricewaterhouseCoopers Inc. was named as trustee (the "Trustee") under the NOI.
     
  • The Trustee will shortly be mailing a copy of the NOI to all known creditors of Marathon pursuant to the provisions of the BIA.  

For more information, please contact: Sara de Verneuil, Telephone: +1 416 941 8383 ext. 14374, Fax: +1 416 814 3219, or via Email.

This Web site will be updated as information becomes available.


Court Orders:
 

69 KB Order, dated July 7, 2009.
69 KB Endorsement, dated July 7, 2009.

Creditor information:
 

69 KB Amended Trustee's Report to the First Meeting of Creditors, dated April 7, 2009.
69 KB Statement of Affairs
69 KB Notice of Bankruptcy and First Meeting of Creditors, dated March 24, 2009.
69 KB Proof of Claim Form and Proxys
69 KB Notice to Creditors of Notice of Intention to Make a Proposal, dated February 17, 2009.

Wage Earner Protection Program Act:
In accordance with paragraph 21 (d) of the Wage Earner Protection Program Act (Canada) ("WEPPA"), PricewaterhouseCoopers Inc., in its capacity as trustee in bankruptcy of Marathon is required to advise all former employees of Marathon of the existence of the Wage Earner Protection Program enacted by WEPPA. Information pertaining to the program may be obtained at www.servicecanada.gc.ca/en/sc/wepp/index.shtml or by calling the toll-free number 1 866 683 6516. The Marathon estate number for applying with WEPPA is 0211164933.

 

69 KB Correspondence to Employees relating to the Wage Earner Protection Program Act

Appointment Documents:
 

69 KB Notice of Intention to Make a Proposal, dated February 10, 2009.
69 KB Certificate of Filing of a Notice of Intention to Make a Proposal, dated February 13, 2009.

Sale of Business — Information relating to sale of business:
 

69 KB Information Relating to Sale of Business
69 KB Teaser INC.
69 KB Invitation to Offer
69 KB Audited Financial Statements 2008.
69 KB Internal Financial Statements February 28, 2009.
69 KB Labour Agreement — Local #219.
69 KB Labour Agreement — Local 7–0548.
69 KB Yearly production Summary 2006-2009


 


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