MAAX monitor asks court to close Chapter 15 bankruptcy case

By Caroline Salls

Pittsburgh, Oct. 23 - MAAX Corp.'s Canadian court-appointed monitor asked the U.S. Bankruptcy Court for the District of Delaware to enforce a Companies' Creditors Arrangement Act termination order and close the company's Chapter 15 bankruptcy case, according to a Wednesday court filing.

The monitor said the Canadian court has approved the sale of substantially all of MAAX Group's assets and operating liabilities to Brookfield Bridge Lending Fund. The U.S. bankruptcy court approved the sale in August.

As a result, MAAX Group has no remaining assets and no longer receives any funding or conducts any business activities.

MAAX, a Montreal-based manufacturer of bathroom and spa products, filed for Chapter 15 bankruptcy on July 14. The case number is 08-11443.

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