#Order
Fourth Order Approving Extension of Time to Make a Proposal was filed.
Source: Fourth Order Approving Extension of Time to Make a Proposal
Island Milk Distributors Ltd. IMD Logistix
ActiveFollow
- Proceeding
- NOIsection 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1987, c. B-3, as amended
- File
- S1-BK-4145
OverviewSummary updated
Island Milk Distributors Ltd. is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act, carried on in the Supreme Court of Prince Edward Island (General Division) under court file S1-BK-4145. The record shows an application filed on November 14, 2024, followed by a further application dated December 5, 2024, the date on which the proceeding is recorded as having commenced. Beyond those two filings, the court, the file number and the statutory basis, the record supplies nothing further about the case's progress. The matter is identified as Island Milk Distributors Ltd. IMD Logistix.
Proceedings AIOpen Proceedings AI
Case updates18 dated entries
#Report
The officer filed report no. Fourth Report. The company continues normal operations, meeting its financial obligations, while working with the Trustee, CRA, and potential lenders/buyers toward filing a viable proposal.
#Order
Third Order Approving Extension of Time to Make a Proposal was filed.
Source: Third Order Approving Extension of Time to Make a Proposal
#Report
The officer filed report no. Third Report. The Company continues to operate in the ordinary course, paying post-filing creditors, while awaiting a real property appraisal and CRA payroll audit results needed to finalize a viable proposal.
#Order
Second Order Approving Extension of Time to Make a Proposal was filed.
Source: Second Order Approving Extension of Time to Make a Proposal
#Report
The officer filed report no. Second Report. The Company has continued operating in the normal course during the NOI proceedings, engaging with its lender, employees, and suppliers while working on a restructuring plan potentially involving the refinancing or sale-leaseback of its real estate.
#Filing
Second application, dated in December 2024 and recorded as December 5, 2024 — the date from which the proceeding is treated as commenced.
Source: Notice of Application
#Filing
Certificate of Filing of a Notice of Intention to Make a Proposal — NOI certificate of filing
Parties
Debtor
Island Milk Distributors Ltd. IMD Logistix
Proposal trustee
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Finance PEI · in 5 casesas of NOI filing date (2024-11-14) — Provincial economic development lender; related-government secured creditor — debtor: Island Milk Distributors Ltd. | $350K | MNP Letter to Creditors and Affidavit of Mailing |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
17 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansEstate financialsReported figures — never derived
Total liabilities at filing
As at ·
Cumulative receipts
$976K
As at 4 Mar 2025Third Report of the Proposal Trustee
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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See all plansDocuments
18 filings
| Date | Document | File |
|---|---|---|
Fourth Order Approving Extension of Time to Make a Proposal
| PDF · Subscribers | |
Fourth Report of the Proposal Trustee
| PDF · Subscribers | |
Third Order Approving Extension of Time to Make a Proposal
| PDF · Subscribers | |
Third Report of the Proposal Trustee
| PDF · Subscribers | |
Second Order Approving Extension of Time to Make a Proposal
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
| Draft Court Order | PDF · Subscribers | |
| Notice of Motion | PDF · Subscribers | |
| Court Order | PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
| Affidavit of Ian Coffin | PDF · Subscribers | |
Application Record of the Applicant
| PDF · Subscribers | |
| Factum and Book of Authorities of the Applicant | PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention to Make a Proposal | PDF · Subscribers | |
MNP Letter to Creditors and Affidavit of Mailing
| PDF · Subscribers | |
| Notice of Intention to Make a Proposal | PDF · Subscribers | |
| Trustee Consent to Act | 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., “Island Milk Distributors Ltd. IMD Logistix” (NOI), Supreme Court of Prince Edward Island. Retrieved 5 November 2026, https://proceedings.ca/case/island-milk-distributors-ltd