Mortgage Broker
All Canadian Investment CorporationAbout
Important information
- Additional Info:As of September 2018, As per information released by the Licensed Insolvency Trustee Boale Wood & Company Ltd: "On November 10, 2017, All Canadian Investment Corporation ("ACIC") obtained a court order (the "Initial Order") from the Supreme Court of British Columbia pursuant to the Companies' Creditors Arrangement Act ("CCAA"). Boale, Wood & Company Ltd. has been appointed as Monitor. The Initial Order provided ACIC with a Stay of Proceedings against all actions by the company's creditors, including investors, until December 9, 2017. Since the date of the Initial Order there have been several Orders made copies of which are provided below along with other documents filed in these proceedings. On June 11, 2018, the Court extended the stay of proceedings until September 7, 2018, to allow time for ACIC to develop its Plan including a claims process and determination of the creditor/shareholder classes for the purpose of distributions under the Plan. On an application of ACIC, the Court granted an Order approving the sale of Lot 5 of the Garden Bay Properties on August 30, 2018. On September 6, 2018, on an application of ACIC, the Court granted an extension of the stay of proceedings until November 7, 2018, to allow time for ACIC to further develop its Plan for the stakeholders including a claims process and determination of the creditor/shareholder classes for the purpose of distributions under the Plan. For further information on this proceeding, please contact John McEown at (604) 605-3335 or at [email protected]"
To review this information, please visit Boale Wood & Company Ltd website at:
https://www.boalewood.ca/2017/11/08/all-canadian-investment-corporation-acic/
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