Proceedings.

Action International Canada Inc.

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Proceeding
CCAACOMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C. 1985, C. C-36, AS AMENDED
Court
Court of King's Bench of Alberta
File
0501-07476
Industry
Business & consumer services · Professional services
Filings held22
Last activity5 Oct 2006
On the record7,840 days
Secured debtSubscribers
OverviewSummary updated

Action International Canada Inc. is the subject of proceedings under the Companies' Creditors Arrangement Act before the Court of King's Bench of Alberta, on the application of Master Franchise Income Trust L.P. Ernst & Young Inc. was appointed monitor. The proceeding commenced on May 19, 2005 under court file number 0501-07476 and remains active.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

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Case updates22 dated entries
#Sale

The court granted an approval and vesting order for the sale to Action International Pty. Ltd. Closing terms, as extracted: Vesting occurs upon the Monitor filing an Implementation Certificate confirming closing conditions fulfilled.

Source: Order Confirming Sale and Vesting Order

#Report

The officer filed report no. Ninth Report. AIC continues normal daily operations with no material adverse changes since the prior report, while awaiting completion of the sale of the Master Licence Agreement to AIPL and subsequent wind-down into bankruptcy.

Source: Ninth Report of the Monitor

#Report

The officer filed report no. Eighth Report. AIC continues to operate in the normal course with no material adverse change in daily operations. Cash flows are expected to remain consistent, and a short stay extension is sought while AIC, AIPL and MFIT finalize documentation of their agreement in principle.

Source: Eighth Report of the Monitor

Parties

Debtor

Action International Canada Inc.

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HornerCourt of King's Bench of Alberta4 orders, Nov 2005 – Oct 200678 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYFraser Milner Casgrain LLP (now Dentons Canada LLP)31 Jul 2006Order · 31 Jul 2006
DebtorAction International Canada Inc.Macleod Dixon LLP (now Norton Rose Fulbright Canada LLP)27 Apr 2006Order · 27 Apr 2006
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredMaster Franchise Income Trust L.P. (MFIT)Document states AIC's books and records indicate it 'currently owes MFIT in excess of $6.2 million'; described as floor via 'in excess of'; also described as 'the only secured creditor and the largest stakeholder' — debtor: Action International Canada Inc.$6.2MSecond Report of the Monitor
8Unsecured

1 more claim in 1 class The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

2 transactions · 1 proposed · 1 approved — Agreement approved and ratified; sale of Assets authorized to be implementedOrder Confirming Sale and Vesting Order · 5 Oct 2006

PurchaserPriceStatusSource
AIPLthe MLA, and related Property · asset sale · nominee/assignee: AIPL's nominee · agreement 31 Aug 2006SubscribersProposedNinth Report of the Monitor
Action International Pty. Ltd.the Assets and assignment of the Contracts · asset sale · nominee/assignee: its nomineenot statedApproved5 Oct 2006outside 17 Oct 2006Order Confirming Sale and Vesting Order
Closing termsVesting occurs upon the Monitor filing an Implementation Certificate confirming closing conditions fulfilledOrder Confirming Sale and Vesting Order
RecoveriesAs stated in the filings

Unsecured creditors: no distribution. MFIT short.Notice of Motion and King Affidavit · 20 Sep 2006

ClassCreditorClaimsRecoveryBasisSource
SecuredMFIT—shortfallEstimatedper the monitorNinth Report of the Monitor · 28 Sep 2006
Unsecured——no distributionper the debtorNotice of Motion and King Affidavit · 20 Sep 2006

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing

As at ·

Cash on hand

$31K

As at 31 Aug 2006Ninth Report of the Monitor

Professional fees

As at

1 more reported figure, and the total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
22 filings
DateDocumentFile
Order Confirming Sale and Vesting Order
  • Closing terms Vesting occurs upon the Monitor filing an Implementation Certificate confirming closing conditions fulfilled
  • Order date 5 October 2006
  • Outside date 17 October 2006
  • Presiding officer Justice K. Horner
  • + 3 more extracted facts
PDF · Subscribers
Ninth Report of the Monitor
  • Operational summary AIC continues normal daily operations with no material adverse changes since the prior report, while awaiting completion of the sale of the Master Licence Agreement to AIPL and subsequent wind-down into bankruptcy.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Notice of Motion and King Affidavit
  • Applicant Master Franchise Income Trust L.P.
  • Court IN THE COURT OF QUEEN'S BENCH OF ALBERTA
  • Court file no 0501-07476
  • Recovery outcome Entries: per unstated · Table missing:
  • + 1 more extracted fact
PDF · Subscribers
Eighth Report of the Monitor
  • Operational summary AIC continues to operate in the normal course with no material adverse change in daily operations. Cash flows are expected to remain consistent, and a short stay extension is sought while AIC, AIPL and MFIT finalize documentation of their agreement in principle.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order
  • Counsel Fraser Mlner Casgrain LLP
  • Presiding officer Justice K. Horner
PDF · Subscribers
Seventh Report of the Monitor, with signaturesPDF · Subscribers
Proof of ClaimPDF · Subscribers
Stay Extension Order - Stay Period Extended to July 31, 2006
  • Presiding officer Justice Karen Horner
PDF · Subscribers
Stay Extension Order - Stay Period Extended To May 4 2006
  • Counsel Macleod Dixon LLP
  • Presiding officer Justice G.C. Haweo
PDF · Subscribers
Sixth Report of the MonitorPDF · Subscribers
Fifth Report of the MonitorPDF · Subscribers
Fourth Report of the MonitorPDF · Subscribers
Reasons for JudgmentPDF · Subscribers
Stay Extension Order
  • Presiding officer Justice Karen Horner
PDF · Subscribers
Third Report of the MonitorPDF · Subscribers
Second Report of the Monitor
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Court Order
  • Presiding officer Justice L.D. Wilkins
PDF · Subscribers
First Report of the Monitor
  • Applicant Master Franchise Income Trust L.P.
  • Appointee Ernst & Young Inc.
  • Appointee role monitor
  • Commencement date 19 May 2005
  • + 6 more extracted facts
PDF · Subscribers
Affidavit of Stephen KingPDF · Subscribers
Monitor's Notice
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Ex-Parte Order and Letter to Creditors
  • Presiding officer Justice A.G. Park
  • Proceeding type ccaa
  • Statutory basis COMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C. 1985, C. C-36, AS AMENDED
PDF · Subscribers
Affadavit of Steven KingPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Action International Canada Inc.” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/action-international-canada-inc

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Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/action-international-canada-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.