Spareparts | KPMG | CA

Spareparts

Spareparts

Creditor and stakeholder information

Creditor and stakeholder information

On October 2, 2017, 1031084 Alberta Ltd. filed a Notice of Intention to Make a Proposal (the "NOI"), pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act. On October 3, 2017, 623735 Saskatchewan Ltd. filed an NOI pursuant to the same legislation. 1031084 Alberta Ltd. and 623735 Saskatchewan Ltd. are herein referred to together as the "Company" and KPMG Inc. ("KPMG") has consented to act as Trustee under the proposals.

The NOI provides a stay of proceedings against the Debtors for 1031084 Alberta Ltd. until November 2, 2017 and for 623735 Saskatchewan Ltd. until November 3, 2017.

On October 31, 2017, the Court of Queen’s Bench of Alberta (the “Court”) granted an order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”) for a stay of proceedings against the Company and appointing KPMG Inc. as Monitor (the “Monitor”).

The Initial Order granted the Company the protections afforded by a stay of proceedings until November 30, 2017, while the Company pursues restructuring initiatives under the CCAA.

On November 28, 2017, the Court of Queen’s Bench of Alberta granted an Approval and Vesting Order for the asset purchase agreement and the transfer of title and interest in the acquired assets to the stalking-horse bidder.

On November 29, 2017, the Monitor filed the Monitor’s Certificate with the Court and is discharged from its duties in the CCAA proceedings.

KPMG Inc. was appointed receiver and manager (the "Receiver") of 102036378 Saskatchewan Ltd. o/a "Spareparts", pursuant to a Receiver Appointment Order of the Court of Queen's Bench of Alberta dated December 12, 2017 (the "Court Order").

 

Contact Information

Pinky Law
plaw@kpmg.ca

Cameron Browning
cbrowning@kpmg.ca

 

Court Order

Order (Consolidate Proceedings) [PDF 158 KB] - 10/12/17

Order (Transferring and Terminating the NOI Proceedings) [PDF 110 KB] - 10/31/17

CCAA Initial Order [PDF 2.2 MB] - 10/31/17

Order (Approval and Vesting Order) [PDF 563 KB] - 11/28/17

Filed Consent Receivership Order granted December 12 2017 [PDF 9.8 MB] - 12/12/2017

 

Motion Materials

Application Order [PDF 99 KB] - 10/11/17

Affidavit of Danny Mysak Sworn October 5, 2017 [PDF 6 MB] - 10/11/17

Letter to LT Justice Jones Dated October 5, 2017 [PDF 32 KB] - 10/11/17

Letter to Justice Yamauchi dated October 26, 2017 [PDF 38 KB] - 10/26/17

Initial Application - Oct 26, 17 [PDF 162 KB] - 10/26/17

CCAA Affidavit #1 of Danny Mysak sworn on Oct 25, 17 [PDF 4.5 MB] - 10/26/17

Letter to Justice Dario dated November 20, 2017 [PDF 31 KB] - 11/20/2017

Initial Application - November 20, 2017 [PDF 119 KB] - 11/20/2017

CCAA Affidavit #2 of Danny Mysak sworn on November 20, 2017 [PDF 540 KB] - 11/20/2017

 

Certificate for the Notice of Intention to Make a Proposal (NOI)

Certificate for the Notice of Intention - 1031084 AB Ltd. [PDF 109 KB] - 10/2/17

Certfiicate for the Notice of Intention - 623735 SK Ltd. [PDF 109 KB] - 10/3/17

 

Notice to Creditors

Notice of Intention - 1031084 AB Ltd. [PDF 1.2 MB] - 10/5/17

Notice of Intention - 623735 SK Ltd. [PDF 2.7 MB] - 10/5/17

Spareparts CCAA Letter to Creditors [PDF 97 KB] - 11/03/17

Spareparts CCAA - List of Known Creditors with claims over $1,000 [PDF 107 KB] - 11/03/17

 

Sale and Investment Solicitation Process

Sale and Investment Solicitation Process [PDF 58 KB] - 10/11/17

 

Trustee's Report

First Report of the Proposal Trustee [PDF 577 KB] - 10/6/17

Second Report of the Proposal Trustee - Oct 26, 17 [PDF 14.6 MB] - 10/26/17

 

Monitor's Report

First Report of the Monitor dated November 21, 2017 [PDF 15.9 MB] - 11/21/2017

 

Monitor's Certificate

Monitor's Certificate  [PDF 43 KB] - 11/30/2017

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