Wabi Iron & Steel Corp
- Proceeding
- ProposalBANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985 c. B-3, AS AMENDED
- File
- 31-1942523
- Industry
- Manufacturing · Metals & fabrication
Wabi Iron & Steel Corp filed a notice of intention to make a proposal on December 12, 2014, under the Bankruptcy and Insolvency Act, in the Ontario Superior Court of Justice, with Richter Advisory Group Inc. as trustee under estate number 31-1942523. The largest unsecured claims were owed to the Northern Ontario Heritage Fund at $3,059,705.41, the Royal Bank of Canada at $1,562,921.71 and the South Temiskaming Community Futures Development Corporation at $600,000, with the Financial Services Commission of Ontario listed at $449,531.50. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
Motion to approve the Proposal of the Debtor – dated February 20, 2015 was filed. Court file 31-1942523.
Source: Motion to approve the Proposal of the Debtor – dated February 20, 2015
Certificate of filing of a proposal – dated January 9, 2015 was filed. Court file 31-1942523.
Source: Certificate of filing of a proposal – dated January 9, 2015
Notice to Creditors of Intention to make a Proposal – dated December 19, 2014 — Notice to creditors
The company filed a notice of intention to make a proposal on December 12, 2014.
Source: Certificate of filing of a Notice of intention to make a proposal – dated December 12, 2014
Debtor
Wabi Iron & Steel Corp
Proposal trustee
Richter
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | HERITAGE FUNDas of NOI filing date — Northern Ontario Heritage Fund Corporation - possible related government lender — debtor: Wabi Iron & Steel Corp. | $3.06M | Notice to Creditors of Intention to make a Proposal – dated December 19, 2014 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
151 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.Under the plan · vote pendingReport of the Trustee on the financial situation of the Debtor and on… · 20 Jan 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Creditors with Proven Unsecured Claims who are owed in excess of $1,500 and have not elected to receive a cash dividend of $1,500 | — | of proven claimsconditional | Under the planvote pendingper the proposal trustee | Report of the Trustee on the financial situation of the Debtor and on… · 20 Jan 2015 |
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.
1 blurred figure 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 plans| Date | Document | File |
|---|---|---|
| Certificate of Full Performance of Proposal – dated April 26, | PDF · Subscribers | |
| Order ratifying the Proposal of the Debtor – dated March 2, 2015 | PDF · Subscribers | |
Motion to approve the Proposal of the Debtor – dated February 20, 2015
| PDF · Subscribers | |
| Report of Trustee on Proposal – dated February 20, 2015 | PDF · Subscribers | |
| Notice of hearing of application for court approval of proposal – dated February 13, 2015 | PDF · Subscribers | |
| Minutes of the First Meeting of Creditors – dated January 30, 2015 | PDF · Subscribers | |
| Notice of Proposal to Creditors – dated January 20, 2015 | PDF · Subscribers | |
Report of the Trustee on the financial situation of the Debtor and on the Proposal – dated January 20, 2015
| PDF · Subscribers | |
Certificate of filing of a proposal – dated January 9, 2015
| PDF · Subscribers | |
| Proposal – dated January 9, 2015 | PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
| Election to reduce claim | PDF · Subscribers | |
Notice to Creditors of Intention to make a Proposal – dated December 19, 2014
| PDF · Subscribers | |
Certificate of filing of a Notice of intention to make a proposal – dated December 12, 2014
| PDF · Subscribers | |
| Proof of claim | 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., “Wabi Iron & Steel Corp” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/wabi-iron-and-steel-corp