Canadian distributor HB Fenn confirmed its February 3 bankruptcy announcement in a statement of affairs filed with the Office of the Superintendent of Bankruptcy Canada. In it Fenn lists $25 million (CA) in liabilities against $14.8 million in assets. Fenn owes $21.8 million to unsecured creditors, with Macmillan the largest by far (owed $10 million, with an additional $600,000 owed to its UK arm.) Other notable unsecured creditors, according to Quill & Quire, include four H.B. Fenn-affiliated companies comprising Fenn Publishing, Fenn Technologies, and two numbered corporations bearing H.B. Fenn’s Bolton address who together are owed $4.1 million, HarperCollins ($3.3 million, […]
