Proceedings.

Prendiville Industries Ltd

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Proceeding
NOIBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
File
CI 20-01-26627
Industry
Manufacturing · Wood, paper & printing
Filings held37
Last activity14 Dec 2023
On the record2,527 days
OverviewSummary updated

Prendiville Industries Ltd has been the subject of insolvency proceedings since May 28, 2020, commenced by the Canadian Imperial Bank of Commerce under section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended. PricewaterhouseCoopers Inc. holds the appointment as Receiver. The matter is before the King's Bench under court file number CI 20-01-26627. The proceeding remains active.

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Case updates37 dated entries
#Report

The officer filed a report. PIL's assets and books and records are under the control of the court-appointed Receiver, which is pursuing a sale of the assets; the Trustee has not taken possession of any assets or records and does not expect to realize on them.

Source: Report of the Trustee on Preliminary Administration

#Report

Extending to 11:59 p.m. (CDT), Friday, May 29, 2020 the time within which Ernst & Young Inc. (the “Proposal Trustee”) may file a Proposal with the Official Receiver in the matter of the Proposal of PIL; Approving the further amendment of the certain term sheet made among PIL, Prendiville Corporation (“PC”) and Canadian Imperial Bank of Commerce (“CIBC”) dated as of December 5, 2019 (the “Interim Financing Term Sheet”) approved by this Honourable Court in this proceeding pursuant to the Order pronounced December 10, 2019 (the “December 10 Order”), as amended by the term sheet made among PIL, PC and CIBC dated as of March 20, 2020 (the “Amended and Restated Term Sheet”) previously approved by this Honourable Court in this proceeding on pursuant to the Order pronounced March 27, 2020 (the “March 27 Order”), as reflected in the Re-Amended Term Sheet dated as of May 6, 2020 (the “ReAmended Term Sheet”); Approving amendments to paragraphs 6 and 14(b) of the December 10 Order so as to: (i) increase the credit available under the Interim Financing Term Sheet to a total of $1,550,000.00, consistent with the ReAmended Term Sheet; and (ii) increase the Interim Lending Charge, as defined in the December 10 Order, to $1,550,000.00, consistent with the ReAmended Term Sheet; and (e) Sealing the Confidential Supplement to the Fourth Report of the Proposal Trustee dated May 6, 2020 — Court officer report

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#Report

The purpose of this fourth report of the Proposal Trustee (the “Fourth Report”) is to advise and update this Honourable Court with respect to: a) the activities of PIL; b) the activities of the Proposal Trustee; c) the SISP undertaken by PIL; d) PIL’s actual cash flow results and future projected cash flows; e) PIL’ s application for an extension of time to file a proposal and an increase to the Interim Lending Charge; and f) the Proposal Trustee’s conclusions and recommendations — Court officer report

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#Report

Extending to 11:59 p.m. (CDT), Monday, May 18, 2020, the time within which Ernst & Young Inc. (the “Proposal Trustee”) may file a Proposal with the Official Receiver in the matter of the Proposal of PIL; Approving the amendment of the certain term sheet made among PIL, Prendiville Corporation (“PC”) and Canadian Imperial Bank of Commerce (“CIBC”) dated as of December 5, 2019 (the “Interim Financing Term Sheet”) previously approved by this Honourable Court as set out in Schedule “A” to the Order pronounced in this proceeding on December 10, 2019 (the “December 10 Order”); and Sealing the Third Confidential Affidavit of Lori Arnold sworn March 23, 2020 and the Confidential Supplement to the Third Report of the Proposal Trustee dated March 24, 2020 — Court officer report

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#Report

The purpose of this third report of the Proposal Trustee (the “Third Report”) is to advise and update this Honourable Court with respect to: a) the activities of PIL; b) the activities of the Proposal Trustee; c) the SISP undertaken by PIL; d) PIL’s actual cash flow results and future projected cash flows; e) PIL’ s application for an extension of time to file a proposal; and f) the Proposal Trustee’s conclusions and recommendations — Court officer report

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#Report

The purpose of this second report of the Proposal Trustee (the “Second Report”) is to advise and update this Honourable Court with respect to: a) the activities of PIL; b) the activities of the Proposal Trustee; c) the SISP undertaken by PIL; d) PIL’s actual cash flow results and future projected cash flows; e) PIL’ s application for an extension of time to file a proposal; and f) the Proposal Trustee’s conclusions and recommendations — Court officer report

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#Report

The purpose of this first report of the Proposal Trustee (the "First Report") is to advise and update this Honourable Court with respect to: a) the background of PIL; b) the activities of the Proposal Trustee; c) the sale and investor solicitation process undertaken by PIL, d) certain charges sought over PIL's assets, e) PIL' s application for an extension of time to file a proposal; and f) the Proposal Trustee's conclusions and recommendations — Court officer report

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#Order

Extending to 11:59 p.m. (CST), Monday, February 17, 2020, the time within which Ernst & Young Inc. (the “Proposal Trustee”) may file a Proposal with the Official Receiver in the matter of the Proposal of PIL; Providing for an Administration Charge, in the limited amount of $250,000.00, as described in the Draft Order; Providing for a Interim Lending Charge in an amount up to $1,000,000.00 as described in the Draft Order in relation to the assets of PIL, to secure repayment of a loan to be made available in accordance with certain terms and conditions (the “Interim Financing Term Sheet”) to PIL by Canadian Imperial Bank of Commerce (“CIBC”) for working capital purposes in the course of these proceedings; Providing for a Directors’ Charge, in the limited amount of $50,000.00, as described in the Draft Order Approving the sale and investment solicitation process (the “SISP”) and approving the engagement of Cafa Corporate Finance (the “Financial Advisor”) as financial advisor to conduct the SISP; Authorizing, for consideration up to the amount as set out in the draft Order, the sale of certain assets formerly used by PIL in the conduct of business activities in Thompson, Manitoba; and Sealing the confidential Affidavit of Lori Arnold, to be sworn — Sale process approval order

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Parties

Debtor

Prendiville Industries Ltd

Proposal trustee

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice KroftCourt of King's Bench of Manitoba4 orders, Dec 2019 – May 20206 cases on record

Counsel of record

PartyCounselFirst seenSource
Proposal trusteeEYTaylor McCaffrey LLP28 Jan 2020Service list · 28 Jan 2020
DebtorPrendiville Industries LtdThompson Dorfman Sweatman LLP23 Dec 2019Service list · 23 Dec 2019
CreditorBusiness Development Bank of CanadaPitblado LLP23 Dec 2019Service list · 23 Dec 2019
CreditorCanadian Imperial Bank of CommerceMLT Aikins LLP23 Dec 2019Service list · 23 Dec 2019
CreditorCanadian National Railway Company / TransX Group of CompaniesDentons Canada LLP23 Dec 2019Service list · 23 Dec 2019
CreditorFormer Employee - Brian KorchinskiD'Arcy & Deacon LLP4 May 2020Service list · 4 May 2020
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredCanadian Imperial Bank of Commerce · in 72 casesas of NOI filing date — Listed as unsecured claim in this Form 33; may hold security not evidenced on this page — debtor: Prendiville Industries Ltd.$13.7MForm 33 creditor list
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

183 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: not yet estimated.Report of the Trustee on Preliminary Administration · 17 Jun 2020

ClassCreditorClaimsRecoveryBasisSource
Unsecured——not yet estimatedper the trusteeReport of the Trustee on Preliminary Administration · 17 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
Total liabilities at filing

As at ·

Cash on hand

$16.3K

As at 17 Jun 2020Report of the Trustee on Preliminary Administration

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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Documents
37 filings
DateDocumentFile
Motion Brief of PC dated December 14, 2023(9689152.1)
  • Applicant CANADIAN IMPERIAL BANK OF COMMERCE
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role Receiver
  • Commencement date 28 May 2020
  • + 3 more extracted facts
PDF · Subscribers
Report of the Trustee on Preliminary Administration
  • Operational summary PIL's assets and books and records are under the control of the court-appointed Receiver, which is pursuing a sale of the assets; the Trustee has not taken possession of any assets or records and does not expect to realize on them.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Creditor package
PDF · Subscribers
Proof of claim (blank form)PDF · Subscribers
Certificate of AssignmentPDF · Subscribers
Form 34 - Report of Trustee on Non-filing of ProposalPDF · Subscribers
An Order sealing the Confidential Supplement to the Fifth Report of the Proposal Trustee dated May 27, 2020 until further order of this CourtPDF · Subscribers
The purpose of this fifth report of the Proposal Trustee (the “Fifth Report”) is to advise and update this Honourable Court with respect to: a) the SISP undertaken by PIL; b) PIL’s actual cash flow results; c) PIL’s ability to file a proposal; and d) the Proposal Trustee’s conclusions and recommendationsPDF · Subscribers
Court order extending time to file a proposal unitl 29 May 2020
  • Presiding officer Justice Kroft
PDF · Subscribers
Extending to 11:59 p.m. (CDT), Friday, May 29, 2020 the time within which Ernst & Young Inc. (the “Proposal Trustee”) may file a Proposal with the Official Receiver in the matter of the Proposal of PIL; Approving the further amendment of the certain term sheet made among PIL, Prendiville Corporation (“PC”) and Canadian Imperial Bank of Commerce (“CIBC”) dated as of December 5, 2019 (the “Interim Financing Term Sheet”) approved by this Honourable Court in this proceeding pursuant to the Order pronounced December 10, 2019 (the “December 10 Order”), as amended by the term sheet made among PIL, PC and CIBC dated as of March 20, 2020 (the “Amended and Restated Term Sheet”) previously approved by this Honourable Court in this proceeding on pursuant to the Order pronounced March 27, 2020 (the “March 27 Order”), as reflected in the Re-Amended Term Sheet dated as of May 6, 2020 (the “ReAmended Term Sheet”); Approving amendments to paragraphs 6 and 14(b) of the December 10 Order so as to: (i) increase the credit available under the Interim Financing Term Sheet to a total of $1,550,000.00, consistent with the ReAmended Term Sheet; and (ii) increase the Interim Lending Charge, as defined in the December 10 Order, to $1,550,000.00, consistent with the ReAmended Term Sheet; and (e) Sealing the Confidential Supplement to the Fourth Report of the Proposal Trustee dated May 6, 2020PDF · Subscribers
Affidavit of Maureen Prendiville sworn 06 May 2020PDF · Subscribers
The purpose of this fourth report of the Proposal Trustee (the “Fourth Report”) is to advise and update this Honourable Court with respect to: a) the activities of PIL; b) the activities of the Proposal Trustee; c) the SISP undertaken by PIL; d) PIL’s actual cash flow results and future projected cash flows; e) PIL’ s application for an extension of time to file a proposal and an increase to the Interim Lending Charge; and f) the Proposal Trustee’s conclusions and recommendationsPDF · Subscribers
Service List - updated 04 May 2020
  • Counsel Dentons Canada LLP
PDF · Subscribers
Court order extending time to file a proposal to 18 May 2020
  • Presiding officer Justice Kroft
PDF · Subscribers
Extending to 11:59 p.m. (CDT), Monday, May 18, 2020, the time within which Ernst & Young Inc. (the “Proposal Trustee”) may file a Proposal with the Official Receiver in the matter of the Proposal of PIL; Approving the amendment of the certain term sheet made among PIL, Prendiville Corporation (“PC”) and Canadian Imperial Bank of Commerce (“CIBC”) dated as of December 5, 2019 (the “Interim Financing Term Sheet”) previously approved by this Honourable Court as set out in Schedule “A” to the Order pronounced in this proceeding on December 10, 2019 (the “December 10 Order”); and Sealing the Third Confidential Affidavit of Lori Arnold sworn March 23, 2020 and the Confidential Supplement to the Third Report of the Proposal Trustee dated March 24, 2020PDF · Subscribers
Affidavit of Maureen Prendiville sworn on 24 Mar 2020PDF · Subscribers
The purpose of this third report of the Proposal Trustee (the “Third Report”) is to advise and update this Honourable Court with respect to: a) the activities of PIL; b) the activities of the Proposal Trustee; c) the SISP undertaken by PIL; d) PIL’s actual cash flow results and future projected cash flows; e) PIL’ s application for an extension of time to file a proposal; and f) the Proposal Trustee’s conclusions and recommendationsPDF · Subscribers
Court order extending time to 03 Apr 2020
  • Presiding officer Justice Kroft
PDF · Subscribers
Affidavit of M Prendiville sworn 30 Jan 2020PDF · Subscribers
The purpose of this second report of the Proposal Trustee (the “Second Report”) is to advise and update this Honourable Court with respect to: a) the activities of PIL; b) the activities of the Proposal Trustee; c) the SISP undertaken by PIL; d) PIL’s actual cash flow results and future projected cash flows; e) PIL’ s application for an extension of time to file a proposal; and f) the Proposal Trustee’s conclusions and recommendationsPDF · Subscribers
Extending to 11:59 p.m. (CDT), Friday, April 3, 2020, the time within which Ernst & Young Inc. (the “Proposal Trustee”) may file a Proposal with the Official Receiver in the matter of the Proposal of PIL; and Sealing the Second Confidential Affidavit of Lori Arnold, sworn January 28, 2020 (the “Second Confidential Affidavit”)
  • Counsel Dentons Canada LLP
PDF · Subscribers
Service List - updated 28 Jan 2020
  • Counsel Taylor McCaffrey LLP
PDF · Subscribers
Service list - updated 23 Dec 2019
  • Counsel Thompson Dorfman Sweatman LLP
PDF · Subscribers
Court order extending time to file a proposal until 18 Feb 2020
  • Presiding officer Justice Kroft
PDF · Subscribers
The purpose of this first report of the Proposal Trustee (the "First Report") is to advise and update this Honourable Court with respect to: a) the background of PIL; b) the activities of the Proposal Trustee; c) the sale and investor solicitation process undertaken by PIL, d) certain charges sought over PIL's assets, e) PIL' s application for an extension of time to file a proposal; and f) the Proposal Trustee's conclusions and recommendations
  • Proceeding type bia_noi
  • Statutory basis Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
PDF · Subscribers
Affidavit of M Prendiville with Exhibit JPDF · Subscribers
Affidavit of M Prendiville with Exhibits A through DPDF · Subscribers
Affidavit of M Prendiville with Exhibits CC through DDPDF · Subscribers
Affidavit of M Prendiville with Exhibits E through IPDF · Subscribers
Affidavit of M Prendiville with Exhibits K through PPDF · Subscribers
Affidavit of M Prendiville with Exhibits Q through SPDF · Subscribers
Affidavit of M Prendiville with Exhibits T through XPDF · Subscribers
Affidavit of M Prendiville with Exhibits Y through BBPDF · Subscribers
Certificate of filing notice of intention
  • Appointee Ernst & Young Inc.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 5 December 2019
  • Court file no 21-2592933
  • + 1 more extracted fact
PDF · Subscribers
Extending to 11:59 p.m. (CST), Monday, February 17, 2020, the time within which Ernst & Young Inc. (the “Proposal Trustee”) may file a Proposal with the Official Receiver in the matter of the Proposal of PIL; Providing for an Administration Charge, in the limited amount of $250,000.00, as described in the Draft Order; Providing for a Interim Lending Charge in an amount up to $1,000,000.00 as described in the Draft Order in relation to the assets of PIL, to secure repayment of a loan to be made available in accordance with certain terms and conditions (the “Interim Financing Term Sheet”) to PIL by Canadian Imperial Bank of Commerce (“CIBC”) for working capital purposes in the course of these proceedings; Providing for a Directors’ Charge, in the limited amount of $50,000.00, as described in the Draft Order Approving the sale and investment solicitation process (the “SISP”) and approving the engagement of Cafa Corporate Finance (the “Financial Advisor”) as financial advisor to conduct the SISP; Authorizing, for consideration up to the amount as set out in the draft Order, the sale of certain assets formerly used by PIL in the conduct of business activities in Thompson, Manitoba; and Sealing the confidential Affidavit of Lori Arnold, to be swornPDF · Subscribers
Form 33 creditor list
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice of intention to make a proposal dated 05 Dec 2019
  • Appointee Ernst & Young Inc.
  • Appointee role trustee
  • Commencement date 5 December 2019
  • Province Manitoba
  • + 1 more extracted fact
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., “Prendiville Industries Ltd” (NOI). Retrieved 4 November 2026, https://proceedings.ca/case/prendiville-industries-ltd

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/prendiville-industries-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.