Olympus Food (Canada) Inc.
Follow- Proceeding
- NOIsection 50.4(9) of the Bankruptcy and Insolvency Act
- File
- 25-2642858
Olympus Food (Canada) Inc. filed a notice of intention to make a proposal on May 22, 2020, and its proceedings remain active in the Court of King's Bench of Alberta under court file no. 25-2642858, with an application under section 50.4(9) of the Bankruptcy and Insolvency Act filed September 30, 2020. The creditor listing attached to the notice of intention shows disclaimed leases behind the four largest landlord claims, aside from Hi-Flyer: Ontrea Inc. c/o Gowling WLG at $1,389,460.22, Les Galeries de la Capitale Inc. at $1,302,715.87, Les Galeries d'Anjou at $1,158,292.57 and Projects Hamel-Soumande at $1,017,647.65, each of which may be reduced under section 65.2(4). Related party Hi-Flyer Food (Canada) Inc. is listed at $11,529,848.20 and is considering options relating to its unsecured claim to improve recoveries to other creditors. Kentucky Fried Chicken Canada Company is listed at $590,822.20.
A claims procedure has been established — see the order for deadlines.
Per the Order (Claims Solicitation Process Order), filed June 29, 2020 dated 29 June 2020.
31 earlier updates, back to 22 May 2020 — subscribers.
Undated filings2 — no date appears on the document · show
2 filings carry no date on their face — subscribers.
Debtor
Olympus Food (Canada) Inc.
Proposal trustee
BDO
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | HI-FLYER FOOD (CANADA) INC.as of NOI filing date — Related party (owed by Olympus; company managed by Hi-Flyer staff). Hi-Flyer is considering options relating to its unsecured claim to improve recoveries to other creditors; prose in report approximates this at $11.5 million. — debtor: Olympus Food (Canada) Inc. | $11.5M | First Report of Proposal Trustee - Olympus Food - 22May20 |
Unsecured creditors: paid in full. CF Landlords a distribution.Under the planApplication (BIA Proposal Approval), filed November 24, 2020 · 24 Nov 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Landlord | CF Landlords | — | a distributioncumulative | Estimatedper the proposal trustee | Report of Trustee on Proposal · 24 Nov 2020 |
| Unsecured | Affected Creditors with Proven Claims of $1,500 or less | — | paid in full | Under the planper the proposal trustee | Application (BIA Proposal Approval), filed November 24, 2020 · 24 Nov 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.
| Date | Document | File |
|---|---|---|
| Brief - Olympus Proposal Approval, dated December 2, 2020 | PDF · Subscribers | |
Letter to Justice Macleod, December 2, 2020
| PDF · Subscribers | |
Voting letter
| PDF · Subscribers | |
Application (BIA Proposal Approval), filed November 24, 2020
| PDF · Subscribers | |
Report of Trustee on Proposal, dated November 24, 2020
| PDF · Subscribers | |
Creditors package on Olympus Proposal, November 4, 2020
| PDF · Subscribers | |
| Proxy | PDF · Subscribers | |
| Amended application (set aside disclaimer), set for October 14, 2020 | PDF · Subscribers | |
| Affidavit of Noli Tingzon, sworn October 13, 2020 | PDF · Subscribers | |
| Application (Approval of settlement agreement), filed October 13, 2020 | PDF · Subscribers | |
| Affidavit of Noli Tingzon, sworn September 30, 2020 | PDF · Subscribers | |
Application (Extension of Time), filed September 30, 2020
| PDF · Subscribers | |
| Fourth report of the proposal trustee, September 30, 2020 | PDF · Subscribers | |
| Affidavit of C.Vezina, sworn August 28, 2020 | PDF · Subscribers | |
Order (extension of time to file a proposal), filed August 27, 2020
| PDF · Subscribers | |
| Application (Further extension of time to file a proposal) (unfiled) | PDF · Subscribers | |
| Application (Set aside Carrefour Laval disclaimer) (unfiled) | PDF · Subscribers | |
| Affidavit of Noli Tingzon, sworn August 20, 2020 (unfiled) | PDF · Subscribers | |
| Third Report of the Proposal Trustee, August 20, 2020 (unfiled) | PDF · Subscribers | |
| Claims Process Cover Letter | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Order (Claims Solicitation Process Order), filed June 29, 2020
| PDF · Subscribers | |
Order (extension of time to file a proposal), filed June 29, 2020
| PDF · Subscribers | |
| Application (Extension of Time Claims Bar Process) | PDF · Subscribers | |
| 2020 06 16 Letter to Service List | PDF · Subscribers | |
| Affidavit of Noli Tingzon, sworn June 16, 2020 | PDF · Subscribers | |
| Second Report of Proposal Trustee - 16Jun20 - Olympus | PDF · Subscribers | |
Order (Extension of Time to file a Proposal), signed by Justice A.D. Grosse and filed May 29, 2020
| PDF · Subscribers | |
Application (Extension of Time), filed May 25, 2020
| PDF · Subscribers | |
| Affidavit of Noli Tingzon, executed May 22, 2020, filed May 25, 2020 | PDF · Subscribers | |
First Report of Proposal Trustee - Olympus Food - 22May20
| PDF · Subscribers | |
| Certificate for the Notice of Intention | PDF · Subscribers | |
| Notice of Intention Creditors Package | PDF · Subscribers | |
| Notice of Intention to Make a Proposal | PDF · Subscribers | |
| Instructions for Completing a Proof of Claim | PDF · Subscribers | |
| Proof of Claim Form | 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., “Olympus Food (Canada) Inc.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/olympus-food-canada-inc