Maritime Fuels Limited, Bankruptcy

Maritime Fuels Limited, a Halifax-based home heating fuel company, filed an assignment in bankruptcy on November 16, listing approximately $51.7 million in liabilities - including $25 million in secured debt to BNS and $2.5 million to customers who prepaid for furnace oil - but only $7.9 million in assets. PwC is the bankruptcy trustee.

By: Dina Milivojevic