www.insolvencies.deloitte.ca/en-ca/Pages/CanaseaGroup.aspx. In 1934, when deciding a reference about the authority of Parliament to enact the CCAA, the Supreme Court of Canada described the purpose or aim of the CCAAas to deal with the existing condition of insolvency, in itself, to enable arrangements to be made, in view of the insolvent condition of the company, under judicial authority which, otherwise, might not be valid prior to the initiation of … Similar to so-called "Chapter 11" bankruptcy filings in the U.S., CCAA proceedings are typically used as a last resort for companies that have run out of options and time. Ltd., Heemskirk Canada Holdings Limited, Heemskirk Canada Limited, Custom Bulk Services Inc., and HCA Mountain Minerals (Moberly) Limited, https://www.richter.ca/insolvencycase/roberts-company-canada-limited/, The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership, 1057863 BC Ltd., Northern Resources Nova Scotia Corporation, Northern Pulp Nova Scotia Corporation, Northern Timber Nova Scotia Corporation, 3253527 Nova Scotia Limited, 3243722 Nova Scotia Limited and Northern Pulp NS GP ULC, https://www.ksvadvisory.com/insolvency-cases/case/metro360. Many businesses in the service industry were impacted by COVID. King Street Company Inc., The King Street Hospitality Group Inc., Bonta Trading Co. Inc., 2268218 Ontario Inc., 1733667 Ontario Limited, The King Street Food Company Inc., The King Street Restaurant Company Inc., 2112047 Ontario Ltd., Ji Yorkdale Inc., Ji Square One Inc., 1771669 Ontario Inc. , Cxbo Inc., 2608765 Ontario Inc., 2272224 Ontario Inc., 2327729 Ontario Inc., 2577053 Ontario Inc., 2584858 Ontario Inc., 2621298 Ontario Inc., 2641784 Ontario Inc., and 2656966 Ontario Inc. https://mnpdebt.ca/en/corporate/corporate-engagements/king-street-restaurant-group, https://farbergroup.com/engagements/muskoka-grown/, https://mnpdebt.ca/en/corporate/corporate-engagements/tribalscale-inc, https://www.pwc.com/ca/en/services/insolvency-assignments/le-chateau.html, www.insolvencies.deloitte.ca/en-ca/ExpressGoldRefiningLtd. A: Pursuant to most CCAA Orders, generally all payments to creditors owed monies, as of the date of the CCAA filing, are stayed pending the creditors' vote on the Debtor's proposed plan of arrangement and compromise (the "Plan"). For now, the decision of the majority in Canada North ensures an increased level of certainty in CCAA filings, provides much-needed protection for participants in such proceedings and avoids the chill which would certainly have resulted from a contrary decision. In early May, a number of prominent retailers were pushed to CCAA filings they blamed on the fallout of COVID-19, including Montreal-based footwear retailer Aldo Group Inc. and Toronto-headquartered camera store chain Henry’s. Guardian Financial Corp. and other entities listed on Schedule A, https://www.ksvadvisory.com/insolvency-cases/case/rgn-national-business-centers, https://home.kpmg/ca/en/home/services/advisory/deal-advisory/creditorlinks/lauras-shoppe-pv-inc-2020.html, https://www.richter.ca/insolvencycase/stokes-inc/, www.raymondchabot.com/fr/entreprises/dossiers-publics/constructions-louisbourg-ltee-2/, https://www.raymondchabot.com/fr/entrepr ises/dossiers-publics/simard-beaudry-construction-inc/, https://www.bdo.ca/en-ca/extranets/korite/, Northern Silica Corporation, Heemskirk Mining PTY. Strategic Oil & Gas Ltd. and Strategic Transmission Ltd. https://home.kpmg/ca/en/home/services/advisory/deal-advisory/creditorlinks/strategic-oil-gas-ltd-and-strategic-transmission-ltd.html. 101133330 Saskatchewan Ltd. and 101149825 Saskatchewan Ltd. www.insolvencies.deloitte.ca/en-ca/10113 3330and101149825SkLtd. The Companies' Creditors Arrangement Act (CCAA; French: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their business and financial affairs. Unique among the protections for post-filing obligations, taxation is protected outside the CCAA itself. In a 2-1 split, the majority held that priming charges granted in a CCAA Initial Order can have priority over the Crown’s statutory deemed trust for unremitted source deductions. Using CCAA to save a business. Pascan Aviation Inc., Les Structures & Composantes Avtech Inc., 3939421 Canada Inc., 8039879 Canada Inc., Pascan Express Inc., 8039895 Canada Inc., Les Carburants Avtech Inc. http://www.pwc.com/ca/en/car/groupepascan. Corporation Limited. The first Big Tobacco company to make a foray into the marijuana and hemp industries is exiting both sectors in a bid to shore up its bottom line. CAIRP acted as an intervenor in the case, arguing against the Crown’s position that its deemed trust for unremitted source deductions under the Income Tax Act, … The press release can be accessed using the links below: Target Canada Press Release – English Target Canada Press Release – French. Ascent Industries Corp., Agrima Botanicals Corp., Bloom Holdings Ltd., Bloom Meadows Corp., Agrima Scientific Corp., Pinecone Products Ltd., West Fork Holdings NV Inc. Elcano Exploration Inc., Elcano Exploration Ltd., Elcano Energy Partnership. Corporations that do not reach this $5 million threshold can utilize the Division I Proposal under the Bankruptcy and Insolvency Act. The CCAA is the Companies’ Creditors Arrangement Act which is a federal law that governs insolvent businesses that have debts in excess of $5 million.. Sunniva Inc., Sunniva Medical Inc., 111111035 Canada Inc. and 1167025 BC Ltd. JMX Contracting Inc., JMX National Inc., BRND Properties Inc., and JMX Leasing Inc. (collectively, the “JMX Group”), https://www.crowesobermaninc.com/insolvency/insolvency-cases/jmx-group/. Ltd. et al. Hematite Holdings Inc., Hematite Manufacturing Inc., Hematite Industrial Products Inc., Canadian Pavaco Inc., Pavaco Holdings U.S. Inc., Hematite Inc. and Hematite Automotive Products Inc. Mountain Equipment Co-operative and 1314625 Ontario Limited, Groupe Dynamite Inc., GRG USA Holdings Inc. and GRG USA LLC, Glenogle Energy Inc., 1651558 Alberta Ltd. and Glenogle Energy LP. Capital Corp. Kolsy Homes Ltd. And Rivairo Capital Corporation, https://www.bowragroup.com/kolsy-homes-ltd. BioAmber Sarnia Inc., BioAmber Canada Inc., BioAmber Inc. PURCELL BASIN MINERALS INC., BUL RIVER MINERAL CORPORATION, GALLOWAI METAL MINING CORPORATION, GRAND MINERAL CORPORATION, JAO MINE DEVELOPERS LTD., and STANFIELD MINING GROUP OF CANADA LTD. http://mnpdebt.ca/en/corporate/Engagements/Purcell-Basin-Minerals-Inc, https://www.ksvadvisory.com/insolvency-cases/case/discovery-air, http://lemieuxnoletsyndic.com/societe-en-commandite-tilly-de-laval-et-promotions-anne-delisle-inc/, http://cfcanada.fticonsulting.com/Dundee/, Banro Corporation, Banro Group (Barbados) Limited, Banro Congo (Barbados) Limited, Namoya (Barbados) Limited, Lugushwa (Barbados) Limited, Twangiza (Barbados) Limited, Kamituga (Barbados) Limited, http://www.insolvencies.deloitte.ca/en-ca/Pages/Coppersandslandcorp.aspx. Ltd. Victorian Order of Nurses for Canada, Victorian Order of Nurses for Canada - Eastern Region and Victorian Order of Nurses for Canada - Western Region. William Switzer & Associates Ltd., William Switzer & Associates Inc., and Charles Pollock Reproductions, Inc. https://relieffromdebt.ca/fortress-energy-inc/. Harvest Group GP Corporation and
Pure Global Cannabis Inc., Puresinse Inc., 237A Advance Inc., 237B Advance Inc., SPRQ Health Group Corp., and The Great Canadian Hemp Company Ltd. Invictus MD Strategies Corp., Greener Pastures MD Ltd., Acreage Pharms Ltd., and 2015059 Alberta Ltd. https://www.richter.ca/insolvencycase/2607380-ontario-inc/. 1610822 Alberta Ltd. Foundation Mortgage Corporation and Foundation Mortgage "2" Corporation, Durabla Manufacturing Company and Durabla Canada, https://documentcentre.eycan.com/Pages/Main.aspx?SID=248, https://www.ksvadvisory.com/insolvency-cases/case/allied-systems-holdings-inc. The Companies' Creditors Arrangement Act (CCAA; French: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their business and financial affairs. ENTREC Corporation, Capstan Hauling Ltd., ENTREC Alberta Ltd., ENT Capital Corp., ENTREC Cranes & Heavy Haul Inc., ENTREC Holdings Inc., ENT Oilfield Group Ltd. and ENTREC Services Ltd. Flighthub Group Inc., Flighthub Service Inc., SSFP Corp., Justfly Inc., Justfly Corp. and 11644670 Canada Inc. www.mnpdebt.ca/en/corporate/engagements/flighthub-group. Rubicon Minerals Corporation, 0691403 B.C. Please see www.pwc.com/structure for further details. Typically, when the shareholders of the company are impacted by the Plan of Arrangement, they are often given the opportunity to vote on the Plan. www.insolvencies.deloitte.ca/en-ca/Pages/Unity-Builders-Group-of-Companies.aspx? ILTA Grain Inc. & NGP Grain Holdings, Inc. https://www.raymondchabot.com/dossiers-publics/north-american-lithium-inc/, British Bazaar Company Limited and British Confectionery Company Limited, http://www.insolvencies.deloitte.ca/en/British-Bazaar-and-British-Confectionery. Darian Resources Ltd. and Bowview Petroleum Inc. https://relieffromdebt.ca/darian-resources-ltd-and-bowview-petroleum-inc/. For details about a particular record, click on the company name. 3834310 Canada Inc. and Le Groupe Capitales Médias Inc. North American Fur Auctions Inc., North American Fur Producers Inc., NAFA Properties Inc., NAFA Properties (US) Inc., 3306319 Nova Scotia Limited, NAFA Properties Stoughton LLC, North American Fur Auctions (US) Inc., NAFPRO LLC (Wisconsin LLC), NAFA Europe Co-Operatief UA, NAFA Europe B.V., Daikoku SP.Z OO, and NAFA Polska SP.Z OO, https://www.insolvencies.deloitte.ca/en-ca/pages/NorthAmericanFurAuctionInc.aspx. MONTREAL , Jan. 22, 2021 /CNW Telbec/ - Reitmans ( Canada ) Limited (" Reitmans " or the " Company ") provides a further update today following its filing on May 19, 2020 for creditor protection pursuant to the Companies' Creditors Arrangement Act (the " CCAA "). The cases were filed after Health Canada discovered illicit cultivation at CannTrust’s Pelham, Ont., greenhouse and seized cannabis from unlicensed rooms in the summer of 2019. Performance Sports Group Ltd., Bauer Hockey Corp., Bauer Hockey Retail Corp., Bauer Performance Sports Uniforms Corp., BPS Canada Intermediate Corp., BPS Diamond Sports Corp., Easton Baseball/Softball Corp., KBAU Holdings Canada, Inc., Performance Lacrosse Group Corp., PSG Innovation Corp. SunEdison Canadian Construction LP, SunEdison Canadian Construction GP Corp., SunEdison Canada Origination LP, SunEdison Canada Origination GP Corp., SunEdison Power Canada Inc., et al. At present, and in light of seeking CCAA protection, its reduced liquidity position and the contingent claims it is facing, the Company does not intend to devote additional time or money towards curing its public disclosure defaults by completing and resuming the filing of required reports under Canadian and United States securities laws. RICHTER ADVISORY GROUP INC / RICHTER GROUPE CONSEIL INC. Parties agreed to settle litigation by way of CCAA Plan of Arrangement. For more information, either consult the pages for creditors or for monitors, or contact the CCAA Team. In the most recent decision on this issue, the Quebec Superior Court (Court) ruled that a debtor undergoing a restructuring under the Companies’ Creditors Arrangement Act (Canada) (CCAA) should not be relieved of its obligation to pay post-filing rent, even in circumstances where its ability to use the leased premises is constrained by governmental orders. Upon Court approval, the company continues forward as outlined under the Plan until it has satisfied the requirements under the Plan. The CCAA is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Mariner-Seafoods-Inc. Hollinger Canadian Publishing Holdings Co. http://www.insolvencies.deloitte.ca/en-ca/Pages/Allen-Vanguard%20Corporation.aspx?searchpage=Search-Insolvencies.aspx, Brainhunter Inc., Treklogic Inc., Brainhunter Canada Inc., Brainhunter (Ottawa) Inc. and Protec Employment Services Limited, Aero Inventory (UK) Limited, Aero Inventory Plc, https://home.kpmg/ca/en/home/services/advisory/deal-advisory/creditorlinks/aero-inventory-uk-limited-and-aero-inventory-plc.html. On July 14, 2020, the Court further … Section 224 of the Income Tax Act (ITA) allows for “enhanced garnishment” or “super priority” confiscation of funds owing by a third party to a tax debtor who is liable to the Canada Revenue Agency. To the left of the line graph is a summary of CCAA filings by province for the most recent quarter, the first quarter of 2020, British Columbia had 3 filings (27%), Quebec had 2 filings (18%), Ontario had 5 filings (45%), and Saskatchewan had 1 filing (10%). Timminco Limited and Bécancour Silicon Inc. http://035e198.netsolhost.com/files-cellfor-inc/, https://farbergroup.com/engagements/clothing-modern-times-ltd/, https://www.alvarezandmarsal.com/purdy-group-companies, http://www.insolvencies.deloitte.ca/en-ca/Pages/Les%20industries%20Pi%C3%A9kouagame, www.grantthornton.ca/services/reorg/bankruptcy_and_, https://www.alvarezandmarsal.com/sterling-shoes-inc-and-sterling-shoes-gp-inc, https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Edgeworth-Properties-Inc, https://www.groupeserpone.com/public-records/, Olympus United Funds Corporation/ Corporation de Fonds Unis Olympus, https://www.richter.ca/insolvencycase/norshield/, https://www.richter.ca/insolvencycase/magasins-hart-inc/, https://www.alvarezandmarsal.com/pakit-inc, https://www.richter.ca/insolvencycase/kitco-metals/, https://www.ksvadvisory.com/insolvency-cases/case/unique-broadband-systems-inc-and-ubs-wireless-inc. Massachusetts Elephant & Castle Group, Inc. et al. The CCAA, or the Companies’ Creditors Arrangement Act, is a federal law in Canada that provides insolvent companies with debts in excess of $5 million an orderly and supervised means to restructure their businesses. By Randal Van de Mosselaer and Emily Paplawski. COGI Limited Partnership and Canadian Oil & Gas International Inc. Magasin Laura (P.V.) The Proof of Claim sets out what is owed to the creditor and is reviewed by the Monitor and the company. By allowing the company to restructure its financial affairs, through a formal Plan of Arrangement, the CCAA presents an opportunity for the company to avoid bankruptcy and allows the creditors to receive some form of payment for amounts owing to them by the company. CannTrust Holdings Inc, CannTrust Inc., CTI Holdings (Osoyoos) Inc. and Elmcliffe Investments Inc. James E. Wagner Cultivation Corporation, James E. Wagner Cultivation Ltd., JWC 1 Ltd., JWC 2 Ltd., JWC Supply Ltd. and GrowthStorm Inc. www.ksvadvisory.com/insolvency-cases/case/james-e-wagner-cultivation-corporation. As of March 20, 2020, CannTrust had a cash balance of … Similar to so-called "Chapter 11" bankruptcy filings in the U.S., CCAA proceedings are typically used as a last resort for companies that have run out of options and time. CannTrust remains under Companies' Creditors Arrangement Act protection as it deals with multiple class action lawsuits and other litigation. When looking at CCAA filings from the beginning of 2019, the trend lines look even more dire for big retail firms. For the Plan to be binding on each class of creditors, a majority of the proven creditors in that class, by number, together with 2/3 of the proven creditors in that class, by dollar value, must approve of the Plan presented to them. CCAA proceedings are carried out under supervision of the courts. Corporations that do not reach this $5 million threshold can utilize the Division I Proposal under the Bankruptcy and Insolvency Act. Even though Print. The Plan of Arrangement is the proposal that the company is presenting to its creditors on how it intends to deal with debt it owes at the time of the initial filing with the Court. Broadacre Agriculture Inc. and Wigmore Farms Ltd. Gradek Energy Inc. and Gradek Energy Canada Inc. http://www.insolvencies.deloitte.ca/en-ca/Pages/Gradek-Energy-Inc.aspx, Québec Lithium Inc. QLI Métaux Inc. RB Energy Inc. and Sirocco Mining, https://home.kpmg/ca/fr/home/services/advisory/deal-advisory/creditorlinks/rb-energy-inc-quebec-lithium-inc-et-al.html. VAUGHAN, ON, Jan. 20, 2021 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the … Retailers Led Bankruptcy Filings in Canada Over the Past 12 Months: Insolvency Insider Mario Toneguzzi - January 20, 2021 The publication tracks filings and one editor says that they expect an increase in filings in early 2021 following rent payment demands from landlords. Les Grands Travaux Soter Inc., Les Constructions Marc Lussier Inc., 9063-0757 Québec Inc. https://www.raymondchabot.com/en/public-records/les-grands-travaux-soter-inc/, www.raymondchabot.com/dossiers-publics/9 323-7055 quebec-inc/. In addition, CannTrust anticipates that, as a result of the Company’s filing for protection under the CCAA, its pending delisting by the TSX and NYSE, and its continuing default of its disclosure obligations under applicable securities laws, provincial securities regulators in Canada will issue a cease trade order to prevent any trading in the Common Shares in Canada. On March 4, 2016, Target Canada announced that a settlement has been reached with all of Target Canada's former landlords whose leases were terminated as part of Target Canada's wind-down under the CCAA. If a class of creditors or the Court does not approve the Plan, the company does not automatically go into bankruptcy, but the Stay is lifted. On May 1, 2020 JMB Crushing Systems Inc. and 2161889 Alberta Ltd. (collectively, the "Applicants") sought and obtained an initial order (the "Initial Order") from the Court of the Queen's Bench of Alberta (the "Court") under the Companies' Creditors Arrangement Act R.S.C. Fisheries Ltd., 6162410 Canada Limited, Connors Bros. Holdings Company and Connors Bros. Seafoods Company, Accel Canada Holdings Limited and Accel Energy Canada limited. Ltd. Stantive Technologies Group Inc., 2441808 Ontario Inc., 2509876 Ontario Inc. and 1940857 Alberta Ltd. Payless ShoeSource Canada Inc., Payless ShoeSource GP Inc. and Payless ShoeSource LP, http://cfcanada.fticonsulting.com/paylesscanada. Osler, Hoskin & Harcourt LLP MONTREAL , Jan. 22, 2021 /CNW Telbec/ - Reitmans ( Canada ) Limited (" Reitmans " or the " Company ") provides a further update today following its filing on May 19, 2020 for creditor protection pursuant to the Companies' Creditors Arrangement Act (the " CCAA "). The ITA provides that the sums are owing irrespective of any order made under the CCAA. Catering Ltd., 816956 Alberta Ltd., 1371047 Alberta Ltd. http://cfcanada.fticonsulting.com/searscanada, https://www.raymondchabot.com/dossiers-publics/gestion-eric-savard-inc-et-als/, https://www.richter.ca/insolvencycase/1735825-ontario-inc/, https://www.raymondchabot.com/en/public-records/groupe-catania/, Sunrise/Saskatoon Apartments Partnerships, 1462598 Ontario Inc. (Tricon Films and Television), https://www.ksvadvisory.com/insolvency-cases/case/tricon-films-and-television-2/, Corporation Mount Real / Mount Real Corporation, Gestion Mracs Ltée / Gestion Mracs Ltd., Real Vest Investments Ltd., and Corporation Real Assurance Acceptation, https://www.raymondchabot.com/dossiers-publics/corporationmountreal/. Inc. / Laura's Shoppe (P.V.) Inc. (formerly known as Gymboree, Inc.) 7737734 Canada inc. – Proposition 8318085 Canada Inc. 9227-1584 Quebec Inc. and 9336-9262 Quebec Inc. A-1 Asphalt Maintenance Ltd. Abacan Resource Corporation Acculink Fence and Wire Aero Inventory (Canada) Inc. litwinboyadjian.net/info.aspx?n=Carmen International Inc. MBAC Fertilizer Corp., MBAC Opportunities and Financing Inc., MBAC International Holdings Cooperative U.A. 8640025 Canada Inc. and Teliphone Data Centres Inc. http://www.boalewood.ca/2016/11/28/8640025-canada-inc/, http://www.insolvencies.deloitte.ca/en-ca/Pages/Parkland-Airport-Development-Corporation.aspx?searchpage=Search-Insolvencies.aspx. New Solutions Financial Corporation et al. The CCAA is restricted to larger corporations, as a corporation must have amounts owing to creditors in excess of $5 million to be eligible to use the Act. Creditloans Canada Financing Inc. and Creditloans Canada Capital Inc. https://www.bdo.ca/en-ca/extranets/creditloans/. Energold Drilling Corp., Cros-Man Direct Underground Ltd., EGD Services Ltd., Bertram Drilling Corp., and Omniterra International Drilling Inc. http://cfcanada.fticonsulting.com/Energold. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Inc., Location V.A. and MBAC (Barbados) Inc. Omniarch Capital Corporation, Omniarch Management Corporation, Omnicarch Fixed Income Limited Partnership, Omniarch Fixed Income G.P. Below is a list of all companies that have been granted protection under the Companies' Creditors Arrangement Act (CCAA) since September 18, 2009. North Star Manufacturing (London) Limited. Retail pain doesn’t respect borders. Pacific Exploration & Production Corporation, Pacific E&P Holdings Corp., Meta Petroleum Corp., Pacific Stratus International Energy Ltd., Pacific Stratus Energy Colombia Corp., Pacific Stratus Energy S.A., Pacific Off Shore Peru S.R.L., Pacific Rubiales Guatemala S.A., Pacific Guatemala Energy Corp., PRE-PSIE Coöperatief U.A., Petrominerales Colombia Corp. and Grupo C&C Energia (Barbados) Ltd. http://cfcanada.fticonsulting.com/firstonsite, Sanjel Corporation, Sanjel Canada Ltd., Terracor Group Ltd., Suretech Group Ltd., Suretech Completions Canada Ltd., Sanjel Energy Services (USA) Inc., Sanjel (USA) Inc., Suretech Completions (USA) Inc., Sanjel Capital (USA) Inc., Terracor (USA) Inc., Terracor Resources (USA) Inc., Terracor Logistics (USA) Inc., Sanjel Middle East Ltd., Sanjel Latin America Limited and Sanjel Energy Services DMCC, www.richter.ca/en/folder/insolvency-cases/0-9/7098961-canada-inc. Quicksilver Resources Canada Inc., 0942065 B.C. © 2018 - Sun Jan 24 02:02:46 UTC 2021 PwC. Ranch Energy Corporation, OpsMobil Inc., 173163 Alberta Inc., 1859821 Alberta Inc., Air Dallaire Ltd., OpsMobil Group Inc., OpsMobil Construction Inc.,OpsMobil Energy Services Inc., K.L. That includes secured creditors, unsecured creditors and shareholders. Description of Figure 1. Note: New records will be posted within two business days of the initial Court order. Definitions CCAA: The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. In parallel, while the CCAA prohibits any person from terminating or amending any agreement because of the debtor’s CCAA or insolvency filing, the CCAA expressly carves out a person’s ability to require “payments to be made in cash for goods, services, use of leased property or other valuable consideration provided after the commencement of proceedings” under the CCAA. As part of its filing under the CCAA, FIGR has obtained a Debtor in Possession (“DIP”) loan facility from another Pyxus subsidiary to support FIGR and fund its operations through the CCAA proceedings. Tepper Holdings Inc., Tobique Farms Ltd., Tobique Farms Operating Limited, Tobique International Inc., 637454 N.B. A meeting of the creditors (and shareholders, if applicable) is called to vote on the Plan. The Monitor prepares a report on the Plan of Arrangement that is usually included in the mailing of the Plan. The stated purpose of the CCAA and Chapter 11 filings was to stabilize Nortel’s business in order to maximize the chances of preserving all or a portion of the enterprise, but this hope soon evaporated; Nortel assets worldwide have since been sold piece-by-piece for a total of approximately US$7.3 billion. Inc., Laura's Shoppe (P.V.) Planet Organic Health Corp. and Darwen Holdings Ltd. http://www.insolvencies.deloitte.ca/en-ca/Pages/Winalta%20Inc_.aspx?searchpage=Search-Insolvencies.aspx&text=win, http://www.insolvencies.deloitte.ca/en-ca/Pages/AAER%20Inc_.aspx?searchpage=Search-Insolvencies.aspx, http://www.insolvencies.deloitte.ca/en-ca/Pages/Cow%20Harbour%20Construction%20Ltd_.aspx?searchpage=Search-Insolvencies.aspx, https://www.richter.ca/insolvencycase/conjuchem-biotechnologies-inc/, http://www.insolvencies.deloitte.ca/en-ca/Pages/Davie%20Yards%20Inc_.aspx?searchpage=Search-Insolvencies.aspx&text=davie. Can CCAA Canada protection be extended? CannTrust remains under Companies' Creditors Arrangement Act protection as it deals with multiple class action lawsuits and other litigation. If all of the classes of creditors (and shareholders, if applicable) approve the Plan, the Court must then approve the Plan as a final step. Harvest Capital Management Inc., 1252064 Alberta Ltd., and 1330075 Alberta Ltd. https://www.alvarezandmarsal.com/lightsquared. Cequence Energy Ltd. and 1175043 Alberta Ltd. … Southern Pacific Resource Corp., Southern Pacific Energy Ltd., 1614789 Alberta Ltd., 1717712 Alberta Ltd., and Southern Pacific Resource Partnership. The Aldo Group Inc., Southwest Capital Holdings Inc., Aldo U.S. Inc., Aldo Marketing LLC, Aldo Shoes West Forty Second, LLC, Aldo 1125 Third Ave Corp., 1230 Avenue of the Americas LLC, Aldo 5th Ave. Inc. and Aldo 250 West 125 Inc. JMB Crushing Systems Inc. and 2161889 Alberta Ltd. Dominion Diamond Mines ULC, Dominion Diamond Delaware Company, LLC, Dominion Diamond Canada ULC, Washington Diamond Investments, LLC, Dominion Diamond Holdings, LLC and Dominion Finco Inc. http://cfcanada.fticonsulting.com/dominion/, Delphi Energy Corp. and Delphi Energy (Alberta) Limited. Parties agreed to settle litigation by way of CCAA Plan of Arrangement. CanaSea PetroGas Group Holdings Limited, CanaSea Oil and Gas Group Pte. Subscribe to the RSS feed to receive a notification when a company have been granted protection under the CCAA. If a class of creditors approves the Plan, it is binding on all creditors within the class, subject to the Court's approval of the Plan. Urbancorp Toronto Management Inc., Urbancorp (St. Clair Village) Inc., Urbancorp (Patricia) Inc., Urbancorp (Mallow) Inc., Urbancorp (Lawrence) Inc., Urbancorp Downsview Park Development Inc., Urbancorp Residential Inc., Urbancorp (952 Queen West) Inc., King Residential Inc., Urbancorp 60 ST. Clair Inc., High Res. The cases were filed after Health Canada discovered illicit cultivation at CannTrust's Pelham, Ont., greenhouse and seized cannabis from unlicensed rooms in the summer of 2019. CannTrust relaunches two brands following illegal cultivation, CCAA filing 2020-12-02 PM commits up to $55 million to reduce land degradation at virtual biodiversity summit Both CCAA courts allowed the debtors’ requested relief. Laricina Energy Ltd., Laricina GP Holding Ltd., 1276158 Alberta Inc. http://www.alvarezandmarsal.com/comark-inc/, http://www.insolvencies.deloitte.ca/en-ca/Pages/Maudore-Minerals-Ltd.aspx. Share on Facebook. The Monitor's duties include monitoring the business, reporting to the Court on any major events that might impact the viability of the company, assisting the company in the preparation of the Plan of Arrangement, notifying the creditors (and shareholders) of any meetings and tabulating the votes at these meetings. REITMANS (CANADA) LIMITED PROVIDES FURTHER UPDATE ON CCAA PROCESS. Stornoway Diamond Corporation, Ashton Mining of Canada Inc., FCDC Sales and Marketing inc., Stornoway Diamonds (Canada) Inc. https://www.insolvencies.deloitte.ca/stornoway. The John Forsyth Shirt Company Ltd., Forsyth Holdings, Inc. and Forsyth of Canada, Inc. cfcanada.fticonsulting.com/ExtremeFitness/. The CCAA also allows a company, if it so chooses, to address its shareholders in addition to its creditors. The cases were filed after Health Canada discovered illicit cultivation at CannTrust's Pelham, Ont., greenhouse and seized cannabis from its unlicensed rooms in July 2019. Dec 2, 2020 12:49 PM By: Canadian Press. 9333-9109 Québec Inc., 9333-9315 Québec Inc., 9333-9331 Québec Inc., 9333-9026 Québec Inc., 9333-8424 Québec Inc., 9333-9059 Québec Inc., 9333-9125 Québec Inc., 9333-9216 Québec Inc., 9335-5923 Québec Inc. http://aaasyndic.ca/public-records/9333-9109-quebec-inc. Atlantica Diversified Transportation Systems Inc. Souris Mini Inc., Les Boutiques Souris Mini Inc. et Souris Mini International Inc. http://www.richter.ca/fr-CA/Folder/Insolvency-Cases/S/Souris-Mini-Inc. 669699 N.B. Reitmans (Canada) Ltd. has provided a further update following its filing on May 19, 2020, for creditor protection pursuant to the Companies' Creditors Arrangement Act. The Plan will outline the procedures for dealing with disputed claims. For details about a particular record, click on the company name. All rights reserved. Any discrepancies between the creditor's Proof of Claim and the company's records are investigated by the company. Armtec Infrastructure Inc., Armtec Holdings Limited, Durisol Consulting Services Inc., Armtec US Limited, Inc. and Armtec Limited Partner Corp. https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Shoreline-Energy-Corp. Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited, and Schefferville Mines Inc. https://www.ksvadvisory.com/insolvency-cases/case/labrador-iron-mines-holdings-limited. Of a case that McCarthy Tétrault identified as one of the CCAA is that companies will posted. Inc. cfcanada.fticonsulting.com/ExtremeFitness/ and Financing Inc., Gedex Aviation Inc., Gedex Exploration Inc.,.... Since the beginning of the COVID-19 pandemic, insolvent companies have sought Court intervention to. 'S records are investigated by the company in exchange for the day-to-day operations under the CCAA New! Unaffected creditors are included in the mailing of the Redrock Group ( ``! Pwc refers to the PwC network and/or one or more of its member firms, each of which a... Corp., urthecast USA INC, 1185729 B.C notification when a company have been granted protection under the Plan it! Million threshold can utilize the Division I Proposal under the Plan will outline the procedures for dealing disputed! 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