Axios Logistics Solutions Inc. and three of its affiliates have filed petitions for relief under Chapter 15 with the Bankruptcy Court for the District of Delaware (Case No. 17-10438-BLS). According to the petition, the cases were filed in support of insolvency proceedings pending before the Ontario Superior Court of Justice, (Commercial List), In the Matter of the Receivership of Axios Mobile Assets Inc. et al., Court File Number CV-17-11710-00CL. The Debtors’ foreign representative, A. Farber & Partners Inc., was appointed by the Ontario court as Receiver of the Debtors on February 24, 2017. The Debtors have filed a motion with the Bankruptcy Court to recognize the Ontario proceedings as a foreign main proceeding. The Debtors’ Corporate Ownership Statement can be found here. The cases have been assigned to the Honorable Brendan Linehan Shannon.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.