MAAX Chapter 15 bankruptcy case closed

By Caroline Salls

Pittsburgh, Nov. 19 - MAAX Corp.'s Chapter 15 bankruptcy case was closed following a request by the company's Canadian court-appointed monitor to enforce a Companies' Creditors Arrangement Act termination order and close the Chapter 15 bankruptcy case, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

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.

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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