#Report
The officer filed report no. Supplement to the Monitor's Third Report.
Source: Supplement to the Monitor's Third Report - January 30, 2020.PDF
Divestco Inc.
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- 25-2523482
OverviewSummary updated
Divestco Inc. is before the Court of King's Bench of Alberta, with Grant Thornton Limited appointed as Licensed Insolvency Trustee under section 49 of the Bankruptcy and Insolvency Act. An application was filed February 28, 2019, and the record shows a bankruptcy date of June 14, 2019, at 13:43. Secured claims listed as of March 4, 2019 include a group of individual noteholders administered through Computershare and standalone claims from Wade Brillon ($5,755,188.39) and Steve Popadynetz ($2,672,191.85). Unsecured claims from the same date include KPMG LLP ($119,600.25), Dell Canada Inc. ($276,004.27) and dozens of other trade creditors. The matter remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates26 dated entries
#Report
The officer filed report no. Monitor's Third Report. Divestco's business and assets were sold to the purchaser under the Stalking Horse APA, and Divestco subsequently made an assignment into bankruptcy with Grant Thornton appointed as trustee; the Monitor is now recommending termination of the CCAA proceedings and its own discharge.
23 earlier updates, back to 3 June 2019 — subscribers.
Parties
Debtor
Divestco Inc.
Monitor
Doane Grant Thornton
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Wade BrillonIndividual listed as secured creditor — debtor: Divestco Inc. · as of 4 Mar 2019 | $5.76M | List of Creditors.pdf |
Sale processAs stated in the filings
AdvisorsGrant Thornton Corporate Finance Inc. (financial advisor)Marketing Teaser.pdf
Fees and ratesAs stated in the filings
3 engagements · 2 firms — latest: (firm not named), from 4 Mar 2019Supplement to the Monitor's Third Report - January 30, 2020.PDF · 30 Jan 2020
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)Counsel to the monitorperiod 2 of 2 · firm not named in the heading | from 4 Mar 2019 | — | ••• | not stated | Supplement to the Monitor's Third Report - January 30, 2020.PDF · 30 Jan 2020 |
| (firm not named)Counsel to the monitorperiod 1 of 2 · firm not named in the heading | from 4 Mar 2019Sought | — | ••• | not stated | Monitor's Third Report - Filed January 27, 2020.PDF · 27 Jan 2020 |
| Grant Thornton LimitedMonitor | from 4 Mar 2019Sought | — | ••• | not stated | Supplement to the Monitor's Third Report - January 30, 2020.PDF · 30 Jan 2020 |
Estate financialsReported figures — never derived
Professional fees to date
$284K
As at 30 Jan 2020Supplement to the Monitor's Third Report - January 30, 2020.PDF
Documents
26 filings
| Date | Document | File |
|---|---|---|
Supplement to the Monitor's Third Report - January 30, 2020.PDF
| PDF · Subscribers | |
| Application - Filed January 27, 2020.PDF | PDF · Subscribers | |
Monitor's Third Report - Filed January 27, 2020.PDF
| PDF · Subscribers | |
| Bankruptcy Creditor's Package - June 17, 2019.pdf | PDF · Subscribers | |
Certificate of Appointment.pdf
| PDF · Subscribers | |
| Monitor's Certificate Filed June 3, 2019.PDF | PDF · Subscribers | |
| Service List - May 16, 2019.docx | PDF · Subscribers | |
| Application returnable May 14, 2019 (filed)(11265109).pdf | PDF · Subscribers | |
| Brief of Divestco Inc. filed May 14, 2019 (with Appendices).pdf | PDF · Subscribers | |
| OPGI Brief of Argument for May 14, 2019 (with Appendices).pdf | PDF · Subscribers | |
| Affidavit of Dominik Hubaczek filed May 10, 2019.PDF | PDF · Subscribers | |
| Monitor's Second Report, dated and filed May 10, 2019.pdf | PDF · Subscribers | |
| Affidavit of Stephen Popadynetz sworn May 8, 2019 (filed)(11265131).pdf | PDF · Subscribers | |
Marketing Teaser.pdf
| PDF · Subscribers | |
| Application returnable March 26, 2019 (filed).pdf | PDF · Subscribers | |
| Order (Stalking Horse Sales Process and APA) - DRAFT.PDF | PDF · Subscribers | |
| Affidavit of Stephen Popadynetz sworn March 22, 2019.pdf | PDF · Subscribers | |
| Monitor's First Report, filed March 22, 2019.pdf | PDF · Subscribers | |
| Affidavit of Stephen Popadynetz sworn March 19, 2019.pdf | PDF · Subscribers | |
| Monitor's Report on the Cash-Flow Statement - Filed March 13, 2019.pdf | PDF · Subscribers | |
| Notice to Creditors - March 11 2019.pdf | PDF · Subscribers | |
List of Creditors.pdf
| PDF · Subscribers | |
| Affidavit of Stephen Popadynetz sworn February 28, 2019 - Exhibits D to K.pdf | PDF · Subscribers | |
| Affidavit of Stephen Popadynetz sworn February 28, 2019.pdf | PDF · Subscribers | |
Originating Application returnable March 4 2019 - Filed February 28, 2019.pdf
| PDF · Subscribers | |
| Affidavit of Stephen Popadynetz - Exhibits A to C.PDF | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Divestco Inc.” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/divestco-inc