#Sale
The court granted an approval and vesting order for the sale to MSC Manufacturing Solutions Corp. Sealed: Confidential Appendix 'A' to the Second Report.
Source: Approval and Vesting Order
Ferrex Engineering Ltd
FollowActive
- Proceeding
- NOISection 50.4 of the Bankruptcy and Insolvency Act
- File
- 31-2636073
Filings held15
Last activity17 Jun 2020
On the record2,363 days
OverviewSummary updated
Ferrex Engineering Ltd. has been in insolvency proceedings in Ontario since April 2, 2020, when it filed a notice of intention, citing section 65.13 of the Bankruptcy and Insolvency Act, with MNP Ltd. as proposal trustee. The matter is before the Ontario Superior Court of Justice (Commercial List) (in Bankruptcy and Insolvency) under court file number 31-2636073, and remains active. The list of creditors with claims of $250 or more filed at the outset (Form 33) shows unsecured claims of $1,757,457.00 owed to 1199541 Ontario Inc., USD 757,441.29 owed to Micro Fines Recycling Owego LLC of the United States, and $24,143.00 owed to 1757084 Ontario Inc.
Proceedings AIAsk this case — answers cite the filings
Case updates15 dated entries
12 earlier updates, back to 2 April 2020 — subscribers.
Parties
Debtor
Ferrex Engineering Ltd
Proposal trustee
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | 1199541 Ontario Inc. · in 2 casesas of NOI filing date — debtor: Ferrex Engineering Ltd. | $1.76M | Notice to Creditors of the Notice of Intention to Make a Proposal dated April 9 2020 |
Sale processAs stated in the filings
Sale process approved — Sale Process, as set out in the First Report, be and are hereby approvedOrder -extension- dated May 4 2020 · 4 May 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| MSC Manufacturing Solutions Corp.all of the Company's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: MSC Manufacturing Solutions Corp., as 1199541's permitted assignee · agreement 8 Jun 2020 | not stated | Approved17 Jun 2020 | Approval and Vesting Order |
AdvisorsMNP Ltd. (sale agent)First Report to Court - with appendices - dated April 29 2020
Sealed materialsConfidential Appendix 'A' to the Second ReportApproval and Vesting Order
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.Second Report to Court (with appendices) · 15 Jun 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | per the proposal trustee | Second Report to Court (with appendices) · 15 Jun 2020 |
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
Professional fees to date
$60.5K
As at 15 Jun 2020Second Report to Court (with appendices) dated June 15, 2020
Documents
15 filings
| Date | Document | File |
|---|---|---|
Amended Order - Approval of the Proposal Trustee's Report of the Trustee and Professional Fees dated June 17, 2020
| PDF · Subscribers | |
Ancillary Relief Order signed June 17, 2020
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
| Approval and Vesting Order - AVO Motion Record - dated June 17 2020 | PDF · Subscribers | |
Second Report to Court (with appendices) dated June 15, 2020
| PDF · Subscribers | |
| Ancillary Relief Order dated June 12 2020 | PDF · Subscribers | |
Notice of Motion - Sale Approval - dated June 12 2020
| PDF · Subscribers | |
| Order Recognizing Foreign Proceeding dated May 22 2020 | PDF · Subscribers | |
Endorsement dated May 4, 2020
| PDF · Subscribers | |
Order -extension- dated May 4 2020
| PDF · Subscribers | |
First Report to Court - with appendices - dated April 29 2020
| PDF · Subscribers | |
| Notice of Motion dated April 28 2020 | PDF · Subscribers | |
Notice to Creditors of the Notice of Intention to Make a Proposal dated April 9 2020
| PDF · Subscribers | |
| Certificate of Appointment dated April 2 2020 | PDF · Subscribers | |
| Certificate of the filing of the Notice of Intention to Make a Proposal dated April 2 2020 | 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., “Ferrex Engineering Ltd” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/ferrex-engineering-ltd