Jul 31, 2009. /Lesprom Network/. Forest & Marine Investments Ltd. is under creditor protection until July 31st, 2009, as reported by ForestTalk. Forest & Marine Investments, based in Nanaimo, B.C. has financed much of the coast logging operations. The company was forced to seek creditor protection back in March when Forest & Marine's own creditor, Asset Engineering, called in a $12.7 million loan. The company was to present a plan to its creditors explaining how they would carry on their business, based on financing from the Business Development Bank of Canada. The Business Development Bank of Canada will only give funding if the company has at least one other funding or equity source. It now seems that funding from another source is not forthcoming. Now it appears that Forest & Marine will not be able to continue to operate their business. In the meantime, Forest & Marine is seeking a 3 month extension to their creditor protection period. During an extension, Forest & Marine plans to pursue self-liquidation initiatives to pay out its secured creditor Asset Engineering LP. Then, the company plans to file a restructuring plan for self liqidization/downsizing.