Pace Securities Corp et al
FollowClosed
- Proceeding
- Insolvency proceeding (type unspecified)
Filings held51
Last activity19 Dec 2023
On the record1,778 days
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Per the Claims Process Order, dated November 4, 2021 dated 4 November 2021.
Case updates51 dated entries
48 earlier updates, back to 8 November 2021 — subscribers.
Parties
Debtor
Pace Securities Corp et al
Court officer
EY
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Documents
51 filings
| Date | Document | File |
|---|---|---|
| 014 Liquidator Certificate PFL & PGPL December 19, 2023 | Trustee site | |
| Endorsement of J. Kimmel | Trustee site | |
| Order Distribution and Discharge | Trustee site | |
| Motion Record, returnable December 21, 2022 | Trustee site | |
| The purpose of this Sixth Report is to provide the Court with: a) an update on the activities of the Liquidator since the fifth report of the Liquidator, dated October 19, 2021 (the “Fifth Report”); b) information in support of the Liquidator’s motion seeking an order: i) approving the activities of the Liquidator as described in this Sixth Report; ii) approving the proposed distributions of funds in the Companies’ estates, as described in the Sixth Report; iii) dissolving PFL and PGPL upon the filing by the Liquidator with the Court of a certificate confirming that its administration of the winding up of those entities has been completed; iv) approving the fees and disbursements of the Liquidator and its legal counsel, including the estimated fees and disbursements required to complete the winding up of PFL and PGPL; v) discharging the Liquidator with respect to PSC and PIB; and vi) discharging the Liquidator with respect to PFL and PGPL upon the filing by the Liquidator with the Court of a certificate confirming that its administration of the winding up of those entities has been completed | Trustee site | |
| Creditor Package for Pace Financial Limited, Pace General Partner Limited and Pace Capital Partners LP | Trustee site | |
| Creditor Package for Pace Insurance Brokers Limited | Trustee site | |
| Creditor Package for Pace Securities Corp | Trustee site | |
| PIB Creditor Package | Trustee site | |
| PSC Creditor Package | Trustee site | |
| Certificate of Appointment | Trustee site | |
| Claims Process Order, dated November 4, 2021 | Trustee site | |
| Order re Approval of Fees and Activities, dated November 4, 2021 | Trustee site | |
| Pace Insurance Brokers Limited Bankruptcy Order, dated November 4, 2021 | Trustee site | |
| Endorsement of Koehnen, J., re Pace Insurance Brokers Limited, dated November 1, 2021 | Trustee site | |
| Endorsement of Koehnen, J., re Pace Securities Corp. dated November 1, 2021 | Trustee site | |
| Motion Record of Pace Savings & Credit Union Limited, returnable November 1, 2021 | Trustee site | |
| Motion Record, returnable November 1, 2021 | Trustee site | |
| Pace Securities Corp. Bankruptcy Order, dated November 1, 2021 | Trustee site | |
| Dave Miller Objection | Trustee site | |
| Wayne Gould Objection Part 1 | Trustee site | |
| Wayne Gould Objection Part 2 | Trustee site | |
| Allocation Order | Trustee site | |
| Endorsement of the Allocation Order, dated October 19, 2021 | Trustee site | |
| The purpose of this Fifth Report is to provide the Court with information relating to the Liquidator’s motion seeking: a) a bankruptcy order for PIB; b) court approval of a claims process for PFL, PCP and PGPL; c) court approval of the Liquidator’s activities as described in this Fifth Report, including the guarantee by PSC for the cost of PIB’s bankruptcy; and d) court approval of the fees and disbursements of the Liquidator and its counsel to date, as described in this Fifth Report | Trustee site | |
| 1. Notice of Motion A Draft Allocation Order 2. Third Report of Representative Counsel A Representation Orders B Claims Procedure Orders C Settlement Term Sheet D Settlement Approval Order E Distribution Process F First Report of the PACE Liquidator G Share Transfer Process Order H Investor Package Template I Modelling of Alternative Allocation Scenarios J Order Re Notice to Investor Claimants, dated July 8, 2021 | Trustee site | |
| 1. Supplement to the Third Report of Representative Counsel A Schedule A: Notice of Objection 2. Affidavit of Kenneth T. Rosenberg A Exhibit A: PFL offering memorandum B Exhibit B: FHH Offering Memo C Exhibit C: Contingent fee arrangement D Exhibit D: FHH representation order, PFL representation order E Exhibit E: FHH claims procedure order, PFL claims procedure order F Exhibit F: FHH settlement approval order, PFL settlement approval order | Trustee site | |
| Settlement Approval Order dated July 30, 2021 | Trustee site | |
| Factum of Investor Claimants in support of settlement (Motion Returnable July 30, 2021) | Trustee site | |
| The purpose of this Fourth Report is to provide the Court with information regarding the motion brought by Paliare Roland Rosenberg Rothstein LLP as representative counsel, returnable July 30, 2021, seeking an order to approve and implement a settlement of the claims of the preferred shareholders of PFL and FHH | Trustee site | |
| Order re Notice to Investor Claimants, dated July 8, 2021 | Trustee site | |
| THE MOTION IS FOR: 1. An initial order substantially in the form appended hereto as Schedule “A” (the “Form of Notice Order”), among other things: (a) approving the form and content of the notice (the “Notice”) of the hearing to approve of the settlement contemplated by a term sheet dated June 24, 2021 (the “Settlement”) among Representative Counsel on behalf of the Investor Claimants, PACE Savings & Credit Union Limited (the “Credit Union”), certain individuals and organizations insured by AIG Insurance Company of Canada and certain individual investment advisors represented by their insurers, AXIS Reinsurance Company (Canadian Branch) and Liberty Mutual (together, the “Settling Parties”); (b) providing directions for the publication of the Notice (the “Notice Plan”); and, (c) providing advice and direction in respect of the scope of Representative Counsel’s appointment as it applies to certain specific investor claimants. 2. An order approving and implementing the Settlement, substantially in the form appended hereto as Schedule “B” (the “Settlement Approval Order”). 3. Such further and other relief as this Court considers just | Trustee site | |
| Endorsement of Koehnen, J | Trustee site | |
| Order re 7903197 Canada Inc | Trustee site | |
| Order re Procedure for the Resolution of Investor Claims | Trustee site | |
| The purpose of this Third Report is to provide the Court with: a) An update on the activities of the Liquidator to date, including: i) status of the process being undertaken by the Liquidator to transfer the remaining client accounts to another investment dealer; and ii) upcoming actions to be taken by the Liquidator with respect to the investment assets owned by the Companies; and b) Information regarding the motion brought by Paliare Roland Rosenberg Rothstein LLP as representative counsel (“Representative Counsel”) now returnable on March 2, 2021 seeking an order (the “Proposed Procedure Order”) to address the process for resolving the claims of the preferred shareholders of PFL and FHH | Trustee site | |
| 1 Notice of Motion 2 Affidavit of Brett McFarquhar Sworn January 14, 2021 Exhibits A May 2016 Statement B April 2020 Statement | Trustee site | |
| THE MOTION IS FOR the following procedural relief: 1. an order, if necessary, validating the method of service, dispensing with further service, and abridging the time for filing of this motion, such that the motion is properly returnable on the date indicated above; 2. an order establishing a process to facilitate the resolution of claims of the Investor Claimants, substantially in the form attached hereto as Schedule “A” (the “Procedure Order”), including, among other things: (a) appointing a mediator (the “Mediator”) and granting corollary relief to facilitate early stage settlement discussions in respect of the Investor Claimants’ claims (the “Consensual Resolution Process”); (b) establishing timelines and setting expectations for the determination of any unsettled claims of Investor Claimants (the “Claims Adjudication Process”); (c) recognizing the facilitative role to be played by the Court Appointed Liquidators (defined below) in respect of the Consensual Resolution Process and the Claims Adjudication Process, including, without limitation, through the production of relevant non-privileged documents and other relevant information to Representative Counsel and other interested parties for those purposes, and providing support to the Mediator; (d) recognizing the unique role of the Financial Services Regulatory Authority (“FSRA”) and the Ontario Securities Commission, as statutory regulatory authorities; and, 3. such further and other relief as to this Honourable Court may seem just | Trustee site | |
| Factum of the Liquidator, returnable August 6, 2020 | Trustee site | |
| Order re Appointment of Representative Counsel, dated Aug 6, 2020 | Trustee site | |
| The purpose of this Second Report is to provide the Court with information in connection with the motion to appoint Paliare Roland Rosenberg Rothstein LLP (“Paliare Roland”) as representative counsel (“Representative Counsel”) for the Investor Claimants (as defined below) | Trustee site | |
| a. appointing Paliare Roland Rosenberg Rothstein LLP (“Paliare Roland”) as representative counsel (“Representative Counsel”) for the Investor Claimants (as defined below); b. authorizing Representative Counsel, acting in consultation with the Liquidators (as defined below) to form a committee of investors to advise it (the “Representative Committee”); c. authorizing Representative Counsel to take such steps and to perform such acts as are necessary or desirable for the purpose of representing the Investor Claimants, including, without limitation: i. developing a process in consultation with the Liquidators, for the investigation, identification, advancement and resolution of valid and provable Investor Claims (as defined below); ii. addressing the Investor Claims, as part of these proceedings or in such related or consequential proceedings as may be approved by this Court, including, without limitation, by negotiation, compromise, arrangement, settlement, or litigation; iii. reporting to and responding to inquiries from the members of the Representative Committee and individual Investor Claimants; and iv. performing such other actions as approved by this Court; and d. such further and other relief that the Liquidator may request and this Honourable Court may consider just | Trustee site | |
| Letter to Customers of Pace Securities Corp | Trustee site | |
| Letter to Pace Financial Shareholders who are NOT Pace Securities customers | Trustee site | |
| 1. an order approving the Share Transfer Process (as described in the First Report of the Liquidator dated June 16, 2020 (the “First Report”)) in order to facilitate the expeditious transfer of PSC’s client accounts to other investment dealers; and 2. such further and other relief that the Liquidator may request and this Honourable Court may consider just | Trustee site | |
| Order re Share Transfer Process | Trustee site | |
| Approving Liquidator's Notice of motion, approving and authorizing the Share Transfer Process | Trustee site | |
| 245-246 Notice | Trustee site | |
| (1) abridging the time for service and filing and validating the manner of service of this notice of application and the application record, and dispensing with service thereof on any interested party other than those served with these proceedings; (2) winding-up of PSC and its direct and indirect subsidiaries pursuant to the Business Corporations Act (Ontario) or the Canada Business corporations Act (Canada), as applicable. (3) approving and affirming the appointment of appointing Ernst & Young Inc. ("EY") as liquidator of PSC and its direct and indirect subsidiaries; (4) staying all proceedings and remedies taken or which might be taken in respect of PSC, its subsidiaries or any of their property, except upon leave of this Court being granted, or as otherwise provided; (5) granting a priority charge over the assets, properties and undertakings of PSC and its direct and indirect subsidiaries (collectively, the "Property") to secure the fees and disbursements of the Liquidator and its counsel (the "Administration Charge"); (6) granting such further and other relief as counsel may request and this Court may permit | Trustee site | |
| (a) abridging the time for service and filing and validating the manner of service of this notice of application and the application record, and dispensing with service thereof on any interested party other than those served with these proceedings; (b) winding-up of PSC and its direct and indirect subsidiaries pursuant to the Business Corporations Act (Ontario) or the Canada Business corporations Act (Canada), as applicable. (c) approving and affirming the appointment of appointing Ernst & Young Inc. (“EY”) as liquidator of PSC and its direct and indirect subsidiaries; (d) staying all proceedings and remedies taken or which might be taken in respect of PSC, its subsidiaries or any of their property, except upon leave of this Court being granted, or as otherwise provided; (e) granting a priority charge over the assets, properties and undertakings of PSC and its direct and indirect subsidiaries (collectively, the “Property”) to secure the fees and disbursements of the Liquidator and its counsel (the “Administration Charge”); (f) granting such further and other relief as counsel may request and this Court may permit | Trustee site | |
| Winding-Up Order | Trustee site |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Pace Securities Corp et al” (Insolvency proceeding (type unspecified)). Retrieved 20 September 2026, https://proceedings.ca/case/pace-securities-corp-et-al