Ltd. https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Huldra-Silver-Inc. Comstock Canada Ltd., CCL Realty Inc., and CCL Equities Inc. https://www.pwc.com/ca/en/services/insolvency-assignments/comstockcanada.html, raymondchabot.com/fr/dossiers-publics/bock-inc, https://www.ksvadvisory.com/insolvency-cases/case/imarketing-solutions-group-inc, https://www.richter.ca/insolvencycase/effigi-inc/. 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. 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. The Court appointed BDO Canada Limited as the monitor of the Redrock Group (the "Monitor"). 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 Initial Order provides, among other things, a stay of proceedings which may be extended from … Inc. 957855 Alberta Ltd. (Formerly Newswest Inc.) and Rosebud Creek Financial Corp. Rebuts Solides Canadiens Inc., La Compagnie de Recyclage de Papiers MD Inc., Col Sel Transit Inc., Recy-Compact Inc. et Transport de Matières Recyclables Optimum Inc. Gestion Maison Éthier Inc. et Gestion Immobilière Maison Éthier Inc. Société en commandite Tilly de Laval et Promotions Anne Delisle Inc. MPÉCO Construction Inc., MPECO Électrique Inc., MPECO Inc., and MPÉCO Fabrication Inc. Les investissements Hexagone Inc., Location Hexagone Inc., Groupe Hexagone s.e.c., Les entreprises commerciales Hexagone Inc, 9324-9928 Quebec Inc. and 9328-5021 Quebec Inc. Alsa Services Canada Inc. et Recyclage D'Aluminium Québec Inc. et Alsa Aluminium Canada Inc. Office of the Superintendent of Bankruptcy Canada, https://mnpdebt.ca/en/corporate/corporate-engagements/boutique-tristan-iseut-inc-ccaa/. Bruce R. Smith Limited and John Henry Smith Land Inc. Canwest Global Communications Corp., et al. 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 CCAA proceedings are carried out under supervision of the courts. 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/. records list. The ITA provides that the sums are owing irrespective of any order made under the CCAA. For details about a particular record, click on the company name. 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/. REITMANS (CANADA) LIMITED PROVIDES FURTHER UPDATE ON CCAA PROCESS. Sign the CCAA User Agreement and forward it to the Designated Assistant Superintendent managing the CCAA program by fax to 1-604-666-4610 or by email at IC.OSBCCAA-LACCBSF.IC@canada.ca. 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. Inc., Location V.A. Harvest Group GP Corporation and
Urbancorp Cumberland 2 GP Inc., Urbancorp Cumberland 2 L.P., Bosvest Inc., and Westside Gallery Lofts Inc. https://fullerllp.com/active_engagements/urbancorp-cumberland-2-gp-inc/, Lightstream Resources Ltd., 1863359 Alberta Ltd., LTS Resources Partnership, 1863360 Alberta Ltd. and Bakken Resources Partnership, http://cfcanada.fticonsulting.com/Lightstream/. Rubicon Minerals Corporation, 0691403 B.C. Below is a list of all companies that have been granted protection under the Companies' Creditors Arrangement Act (CCAA) since September 18, 2009. This decision will be the culmination of a case that McCarthy Tétrault identified as one of the key cases in 2017. Share via Text Message; VAUGHAN, Ont. Creditloans Canada Financing Inc. and Creditloans Canada Capital Inc. On September 30, 2020, an Order (the “CCAA Initial Order”) was granted by the Honourable Madam Justice Shelly Fitzpatrick of the Supreme Court of British Columbia (the “Court”) pursuant to the Companies' Creditors Arrangement Act (the “CCAA”) granting Creditloans Canada Financing Inc. (“Financing Inc.”) and Creditloans Canada … The Plan will outline the procedures for dealing with disputed claims. www.insolvencies.deloitte.ca/en-ca/Pages/Unity-Builders-Group-of-Companies.aspx? 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. 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. For details about a particular record, click on the company name. 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. Ltd. https://www.richter.ca/en/folder/insolvency-cases/0-9/2473304-ontario-inc, http://cfcanada.fticonsulting.com/Endurance, Allarco Entertainment 2008 Inc. and Allarco Entertainment Limited Partnership. 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. Redrock Camps Inc., Sockeye Enterprises Inc., Sweetwater Hospitality Inc. and Baldr Construction Management Inc. https://www.bdo.ca/en-ca/extranets/redrock/, Green Growth Brands Inc., GGB Canada Inc., Green Growth Brands Realty Ltd. and Xanthic Biopharma Limited. Inc., 9288-7561 Québec Inc., 9001-6346 Québec Inc. http://www.raymondchabot.com/dossiers-publics/v-a-inc-et-al/, https://www.ksvadvisory.com/insolvency-cases/case/forme-development-group-inc, https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Open-Hydro-Technology-Canada-Ltd, http://cfcanada.fticonsulting.com/purewal/, Kraus Brands Inc., Kraus Canada Ltd., Kraus Carpet Inc., Kraus Properties Inc., Kraus USA Inc., Strudex Inc., Kraus Brands LP, Kraus Canada LP, Kraus Carpet LP, Kraus Properties LP, Strudex LP, http://www.insolvencies.deloitte.ca/en-ca/kraus, https://www.ksvadvisory.com/insolvency-cases/case/great-slave-helicopters/, www.insolvencies.deloitte.ca/en-ca/groupe-sm. litwinboyadjian.net/info.aspx?n=Carmen International Inc. MBAC Fertilizer Corp., MBAC Opportunities and Financing Inc., MBAC International Holdings Cooperative U.A. Energold Drilling Corp., Cros-Man Direct Underground Ltd., EGD Services Ltd., Bertram Drilling Corp., and Omniterra International Drilling Inc. http://cfcanada.fticonsulting.com/Energold. 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. Management of FIGR will remain responsible for the day-to-day operations under the general oversight of the Monitor. North Korea's Kim urges stronger military capabilities as party congress ends. A meeting of the creditors (and shareholders, if applicable) is called to vote on the Plan. Beleave Inc., Beleave Kannabis Corp., Seven Oaks Inc., 9334416 Canada Inc. O/A Medigreen and My-Grow, Beleave Kannabis Abbotsford Inc. and Beleave Kannabis Chilliwack Inc. Comark Holdings Inc., Bootlegger Clothing Inc., Cleo Fashions Inc. and Ricki’s Fashions Inc. https://www.alvarezandmarsal.com/comarkholdings. 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. UrtheCast Corp., UrtheCast International Corp., Urthecast USA Inc, 1185729 B.C. Bondfield Construction Company Limited, 950504 Ontario Inc., 352021 Ontario Limited, 2433485 Ontario Inc. and 2433486 Ontario Inc. Imperial Tobacco Canada Limited ("ITCAN"), Imperial Tobacco Company Limited ("ITCO"), http://cfcanada.fticonsulting.com/imperialtobacco, http://www.insolvencies.deloitte.ca/en-ca/pages/JTIMacdonaldCorp.aspx, https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Divestco-Inc. It is only subject to section 11.09 of the CCAA, under which the court may stay the powers of section 224(1.2), wi… Below is a list of all companies that have been granted protection under the Companies' Creditors Arrangement Act (CCAA) since September 18, 2009.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. 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. While there is no comprehensive database listing all CCAA filings in Canada, a 2006 study by Dr. Janis Sarra1 attempted to catalogue CCAA filings up to 2005. V.A. VAUGHAN, ON, Jan. 20, 2021 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the … Sural Laminated Products Canada Inc., Sural Québec Inc. Quadriga Fintech Solutions Corp., Whiteside Capital Corporation and 0984750 B.C. 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. http://www.insolvencies.deloitte.ca/en-ca/Pages/Stanfield%20Mining%20Group.aspx?searchpage=Search-Insolvencies.aspx. Spectra Premium Industries Inc., Spectra Premium Holdings (USA) Corp., Spectra Premium (USA) Corp., Spectra Premium Properties (USA) Corp., Spectra Premium Taiwan Co. Ltd., Spectra Premium (Shanghai) Automotive Technical Services Co. Ltd. and Spectra Premium (Chongqing) Automotive Services Co. Ltd. Express Fashion Apparel Canada Inc. and Express Canada GC GP, Inc. https://home.kpmg.com/ca/en/home/services/advisory/deal-advisory/creditorlinks/alliance-hanger-inc.html. The Aldo Group Inc. May 7, 2020. “The longer that it goes the more likely that even bigger retailers will be closing their doors in the future. Stanfield Mining Group Of Canada Ltd. et al. RICHTER ADVISORY GROUP INC / RICHTER GROUPE CONSEIL INC. Corporation Limited. Vanguard Shipping (Great Lakes) Ltd. and Vanship Ltd. Aveos Fleet Performance Inc. and Aero Technical US Inc. https://www.richter.ca/insolvencycase/ct-paiement-inc/, https://www.alvarezandmarsal.com/arctic-glacier-income-fund-arctic-glacier-inc-and-subsidiaries. For instance, the Supreme Court of Canada is expected to render judgment in the appeal of Canada v. Canada North Group, 2019 ABCA 314, which deals with the priority ranking of charges granted under the CCAA. 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. 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. There are no restrictions on what the Plan can entail. One of the benefits of the CCAA is that it allows for this flexibility when trying to put together a Plan. — CannTrust Holdings Inc. is staging a comeback more than a year after its licences were suspended for illegally growing thousands of kilograms of dried … Gedex Systems Inc., Gedex Aviation Inc., Black Bay Minerals Corporation, Gedex Exploration Inc., and Gedex Earth Inc. https://www.zeifmans.ca/current-insolvency-files/. 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. 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, … 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. 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. Canada North Group Inc., 2019 ABCA 314 (“Canada North”). and MBAC (Barbados) Inc. Omniarch Capital Corporation, Omniarch Management Corporation, Omnicarch Fixed Income Limited Partnership, Omniarch Fixed Income G.P. North End United Housing Co-Operative Ltd. https://www.grantthornton.ca/en/service/advisory/creditor-updates/#North-End-United-Housing-Co-operative-Ltd-–-CCAA. 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. Can CCAA Canada protection be extended? Darian Resources Ltd. and Bowview Petroleum Inc. https://relieffromdebt.ca/darian-resources-ltd-and-bowview-petroleum-inc/. 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. 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. Print. “To permit the debtor to continue to carry on business and, where possible, avoid the social and economic costs of liquidating its assets,” wrote then-justice Marie Deschamps. Southern Pacific Resource Corp., Southern Pacific Energy Ltd., 1614789 Alberta Ltd., 1717712 Alberta Ltd., and Southern Pacific Resource Partnership. 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.. 101133330 Saskatchewan Ltd. and 101149825 Saskatchewan Ltd. www.insolvencies.deloitte.ca/en-ca/10113 3330and101149825SkLtd. 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. 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. 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. Bombay & Co. Inc., Bowring & Co. Inc. and Benix & Co. Inc. http://www.richter.ca/Folder/Insolvency-Cases/B/Bombay-and-co-inc-Bowring-and-co-inc-Benix-and-co-inc. Gestion Rer Inc., Rer Hydro Ltd. and Hydroliennes Tréc Saint-Laurent Inc. https://www.raymondchabot.com/en/public-records/rer-group/, Metcalfe & Mansfield Alternative Investments VII Corp. in its Capacity as issuer Trustee of the Devonshire Trust, http://www.insolvencies.deloitte.ca/en-ca/Pages/Devonshire%20Trust%20, Ponderosa Peachland Development Limited Partnership et al, http://www.manning-trustee.com/files/ponderosa-peachland-development-limited-partnership/, https://www.richter.ca/insolvencycase/kk-precision-inc/, cfcanada.fticonsulting.com/cashstorefinancial, https://www.richter.ca/insolvencycase/casperdiny-ifb-realty-inc/, https://www.richter.ca/insolvencycase/Les-Appartements-Club-Sommet-Inc/, http://cfcanada.fticonsulting.com/jaguar/, https://www.pwc.com/ca/en/services/insolvency-assignments/testori.html, https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Silver-Streams-Homes-Inc;-Silver-Streams-Homes-Puccini-Inc-2148993-Ontario-Inc-2148990-Ontario-Inc-2147681-Ontario-Inc-and-2147650-Ontario-Inc, https://www.alvarezandmarsal.com/alston-energy-inc, https://syndics.mallette.ca/dossier-public/charles-morissette-inc-c-36/, https://www.grantthornton.ca/en/service/advisory/creditor-updates/#Douglas-Channel-LNG-Assets-Partnership-et-al. 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