#Sale
The court granted a reverse vesting order in favour of JC Buyer Company, Inc.
Source: Sale Recognition and Vesting Order dated October 18, 2019
Jack Cooper Canada Group
ActiveFollow
- Proceeding
- Foreign recognition (CCAA)section 46 of the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- CV-19-625200-00CL
- Industry
- Transportation & logistics · Trucking & freight
OverviewSummary updated
Jack Cooper Canada Group is the subject of a proceeding under section 46 of the Companies' Creditors Arrangement Act, commenced in the Ontario Superior Court of Justice on September 17, 2019 by Jack Cooper Ventures, Inc. to have the group's Chapter 11 proceedings recognised in Canada. Alvarez & Marsal Canada Inc. is the Information Officer, under court file no. CV-19-625200-00CL. As at July 31, 2019 the JC Canada Group owed CAD 450,000 to approximately 100 trade creditors, no single one owed more than CAD 50,000, and CAD 400,000 to Load Broker Parties and other critical vendors, secured by CAD 500,000 in Load Broker Trust Funds held in trust by the Information Officer. Its net intercompany payable to the Chapter 11 Debtors was USD 16.9 million.
Proceedings AIOpen Proceedings AI
Case updates57 dated entries · 1 undated
#Filing
Book of Authorities of Jack Cooper Ventures Inc. (October 17, 2019) — Application / notice of application
#Report
The officer filed report no. Third Report. The JC Canada Group continues to operate pending closing of the court-approved Sale Transaction, which is expected to preserve going-concern operations, all 181 Canadian jobs, and existing terminal leases and customer relationships; the Information Officer recommends the sale as reasonable.
Source: Third Report of the Information Officer (October 16, 2019)
#Report
The officer filed report no. Second Report of the Information Officer. The Information Officer reports on US Court orders (Bar Date Order, Final DIP Order, Final Utilities Order, Professional Compensation Order) for which recognition is sought and recommends recognition. The Chapter 11 Debtors continue business operations, and no amounts are owing by the JC Canada Group under the DIP Facilities.
Source: Second Report of the Information Officer (September 17, 2019)
#Filing
Application filed under section 46 of the CCAA by Jack Cooper Ventures, Inc., seeking Ontario recognition of the Jack Cooper group's Chapter 11 proceedings.
Source: Motion Record
Undated filings1 — no date appears on the document · show
—
Parties
Debtor
Jack Cooper Canada Group
Information officer
Alvarez & Marsal
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hainey | Ontario Superior Court of Justice | 10 orders, Aug 2019 – Oct 2019 | 211 cases on record |
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Aug 2019 | 196 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Osler, Hoskin & Harcourt LLP · Iioskin & Harcourt, LLP | 9 Aug 2019 | Order · 9 Aug 2019 |
| CreditorCommittee | Sidley Austin LLP | 1 Oct 2019 | Order · 1 Oct 2019 |
| CreditorDIP Term Administrative Agent, Prepetition 1.5Lien Agent and Prepetition Second Lien Agent | Alston & Bird LLP | 11 Oct 2019 | Order · 11 Oct 2019 |
| CreditorPossession | Paul, Weiss, Rifkind, Wharton & Garrison LLP | 4 Feb 2019 | Order · 11 Oct 2019 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Junior Term Loan Lenders - Second Lien Term Loanas of Filing Date — Third on Term Loan Priority Collateral; Fourth on ABL Priority Collateral — JC Canada Group is neither borrower nor guarantor; amount in millions — debtor: US Borrowers only | $291 USD | First Report of the Information Officer (September 6, 2019) |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
6 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
2 transactions · 1 proposed · 1 closed — CCAA recognition court recognizes the U.S. Sale Order and vests the Canadian Acquired Assets in the Buyer upon delivery of the Information Officer's Certificate.Sale Recognition and Vesting Order dated October 18, 2019 · 18 Oct 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| referred to as 'New Jack Cooper', a newly formed entity affiliated with the Junior Term Loan Lenders, acting as Stalking Horse BidderStalking horseall or substantially all of the Chapter 11 Debtors' assets, including the assets of the JC Canada Group · asset sale · agreement 23 Aug 2019 | Subscribers | Proposed | Second Report of the Information Officer… |
| JC Buyer Company, Inc.Stalking horseAcquired Assets situated in Canada (the Canadian Acquired Assets), including Assumed Contracts and Winnipeg Real Property · asset sale · nominee/assignee: Buyer Designee · agreement 22 Aug 2019 | Subscribers | Closed2 Nov 2019 | Information Officer’s Certificate |
AdvisorsHoulihan Lokey, Inc. (financial advisor)Third Report of the Information Officer (October 16, 2019)
Closing termsVesting occurs upon delivery of the Information Officer's Certificate, issued once Closing conditions under the Asset Purchase Agreement are satisfied or waived and the transactions are completed.Sale Recognition and Vesting Order dated October 18, 2019
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedThird Report of the Information Officer (October 16, 2019) · 16 Oct 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Affected Creditor Group | no distributionvs. in a bankruptcyconditional | Estimatedper the monitor | Third Report of the Information Officer (October 16, 2019) · 16 Oct 2019 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Cash on hand
$415K USD
As at 30 Aug 2019Third Report of the Information Officer (October 16, 2019)
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plansDocuments
58 filings
| Date | Document | File |
|---|---|---|
Endorsement of Justice Hainey dated October 18, 2019
| PDF · Subscribers | |
Sale Recognition and Vesting Order dated October 18, 2019
| PDF · Subscribers | |
| Book of Authorities of Jack Cooper Ventures Inc. (October 17, 2019) | PDF · Subscribers | |
| Factum of Jack Cooper Ventures Inc. (October 17, 2019) | PDF · Subscribers | |
Third Report of the Information Officer (October 16, 2019)
| PDF · Subscribers | |
| Motion Record - Index | PDF · Subscribers | |
| Tab 2 – Affidavit #4 of Greg R. May (October 15, 2019) | PDF · Subscribers | |
Tab 3 – Sale Recognition and Vesting Order
| PDF · Subscribers | |
Tab 2K – Pension Approval Order (October 11, 2019)
| PDF · Subscribers | |
Tab 2O – US Sale Order (October 11, 2019) (part 1)
| PDF · Subscribers | |
Tab 2O – US Sale Order (October 11, 2019) (part 2)
| PDF · Subscribers | |
Tab 2J – Consent Challenge Period Order (October 1, 2019)
| PDF · Subscribers | |
| Tab 2M – Second Amending Agreement (October 1, 2019) | PDF · Subscribers | |
| Tab 2N – Notice of No Auction (October 1, 2019) | PDF · Subscribers | |
Recognition Order dated September 20, 2019
| PDF · Subscribers | |
Tab 2I – Fifth Supplemental Order (September 20, 2019)
| PDF · Subscribers | |
Endorsement of Justice Hainey dated September 18, 2019
| PDF · Subscribers | |
Recognition Order dated September 18, 2019
| PDF · Subscribers | |
Tab 2H – Fourth Supplemental Order (September 18, 2019)
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Second Report of the Information Officer (September 17, 2019)
| PDF · Subscribers | |
| Tab 2C – Affidavit #3 of Greg R. May (September 17, 2019) | PDF · Subscribers | |
Endorsement of Justice Hainey dated September 9, 2019
| PDF · Subscribers | |
| Recognition and Intercompany Charge Order dated September 9, 2019 | PDF · Subscribers | |
| Tab 2G – Third Supplemental Order (September 9, 2019) | PDF · Subscribers | |
First Report of the Information Officer (September 6, 2019)
| PDF · Subscribers | |
| Tab 2B – Affidavit #2 of Greg R. May (September 6, 2019) | PDF · Subscribers | |
| Tab 2L – First Amending Agreement (September 3, 2019) | PDF · Subscribers | |
Recognition Order
| PDF · Subscribers | |
Tab 2F – Second Supplemental Order (August 22, 2019)
| PDF · Subscribers | |
Information Officer’s Certificate
| PDF · Subscribers | |
Initial Recognition Order (Foreign Main Proceeding)
| PDF · Subscribers | |
| Notice of Recognition Orders | PDF · Subscribers | |
| Pre-Filing Report of the Proposed Information Officer | PDF · Subscribers | |
| Supplemental Order (Foreign Main Proceeding) | PDF · Subscribers | |
Tab 2D – Initial Recognition Order (August 9, 2019)
| PDF · Subscribers | |
| Tab 2E – Supplemental Order (August 9, 2019) | PDF · Subscribers | |
| Application Record – Index | PDF · Subscribers | |
| Book of Authorities of Jack Cooper Ventures Inc. | PDF · Subscribers | |
| Factum of Jack Cooper Ventures Inc. | PDF · Subscribers | |
| Tab 2 – Affidavit of Greg R. May | PDF · Subscribers | |
| Tab 2A – Affidavit #1 of Greg R. May (August 8, 2019) | PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (A-C) | PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (D-F) | PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (G-I) | PDF · Subscribers | |
Tab 3 - Affidavit of Waleed Malik (GG-II)
| PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (J-L) | PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (JJ-SS) | PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (M-O) | PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (P-R) | PDF · Subscribers | |
Tab 3 - Affidavit of Waleed Malik (S-U)
| PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (V-X) | PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (Y-Z) | PDF · Subscribers | |
Tab 4 - Draft Initial Recognition Order
| PDF · Subscribers | |
| Tab 5 - Draft Supplemental Order | PDF · Subscribers | |
Tab 3 - Affidavit of Waleed Malik (AA-CC)
| PDF · Subscribers | |
| Tab 3 - Affidavit of Waleed Malik (DD-FF) | PDF · Subscribers | |
Tab 1 – Notice of Application
| 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., “Jack Cooper Canada Group” (Foreign recognition (CCAA)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/jack-cooper-canada-group