On July 20, 2018, Process Products Limited (the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) under Section 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”), and A. Farber & Partners Inc. (“Farber”) was appointed as proposal trustee in the Company’s NOI proceedings (in such capacity, the “Proposal Trustee”). A copy of the Certificate of Filing of a Notice of Intention to Make a Proposal is posted below.
The NOI filings by the Process Products Limited provide an automatic stay of proceedings against the creditors of the Company for a 30 day period (the “Stay Period”), thus providing the opportunity to restructure the affairs of Process Products Limited and formulate a proposal to creditors. Copies of the NOI and notice to creditors are posted below.
On August 15, 2018, the Proposal Trustee brought a Motion to the Ontario Superior Court of Justice for a Court Order extending the time the Company is required to make a Proposal to October 3, 2018. A copy of this Court Order is posted below.
On October 2, 2018, the Proposal Trustee brought a Motion to the Ontario Superior Court of Justice for a Court Order extending the time the Company is required to make a Proposal to October 11, 2018. A copy of this Endorsement is posted below (Court Order to follow).
Creditor or Employee Inquiries
For creditor or employee inquiries, please contact:
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.
Court Orders & Endorsements
- Endorsement of Justice S. F. Dunphy dated August 15, 2018
- Order of Justice S. F. Dunphy dated August 15, 2018
- Endorsement of Justice Chiapetta dated October 2, 2018
- Endorsement of Justice Chiapetta dated October 11, 2018
- Order of Justice Chiapetta dated October 11, 2018
- First Report of the Proposal Trustee – August 13, 2018
- Second Report of the Proposal Trustee – October 9, 2018