1154944 Ontario Inc. (formerly dba AmbuTrans Inc.) (“AmbuTrans”) is an Ontario incorporated company that provides medical transportation services.
AmbuTrans filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to the provisions of the Bankruptcy and Insolvency Act (“BIA”) on November 25th, 2011 and A. Farber & Partners Inc., a member of Farber Financial Group (“Farber”) was appointed as Proposal Trustee.
The filing of the NOI provided an initial 30-day stay of proceedings over all amounts owing to creditors effective November 25th, 2011 (i.e. all amounts outstanding at November 25th, 2011 and prior) while the Company formulated a Proposal to its creditors.
On Friday, December 16, 2011, AmbuTrans was granted an Order by the Court that:
i) approved the Company’s request for a 45-day extension to file a proposal. The deadline to file a proposal is now February 8, 2012; and
ii) authorized Farber, as Proposal Trustee, to conduct a sales process on behalf of the Company whereby the Company’s assets, property and undertaking would be offered for sale. The deadline for interested parties to submit an offer is Wednesday, January 18, 2012.
A copy of the December 16th Court Order can be found below under the Documents heading.
AmbuTrans failed to file a Proposal with the Trustee on or before February 8, 2012 and as such is deemed to have made an assignment in bankruptcy effective February 9, 2012. The Bankruptcy Notice to Creditors has been mailed to all known creditors and can also be found below.
On February 8, 2012, AmbuTrans Inc. filed articles of amendment with the Ontario Ministry of Government Services to change its legal name to 1154944 Ontario Inc.
The Proposal Trustee received one (1) offer by the Bid Deadline from a related party. In its report to the Court following the Sales Process, the Proposal Trustee recommended that this offer and subsequent Asset Purchase Agreement be approved as it provided an overall benefit to the creditors and employees of AmbuTrans.
On January 31, 2012, the Court approved the sale of the assets, property and undertaking of AmbuTrans. A copy of the Approval and Vesting Order can be found below.
The purpose of this website is to provide documents to any interested persons regarding the Proposal of this company. The documents listed below are in pdf format and can be viewed and/or downloaded. Please feel free to return to this website periodically for future updates on the status of these proceedings. Additional documents and information will be posted as it becomes available.