Worldplay Communications Inc. and Worldplay (Canada) Inc.
- Proceeding
- NOIsubsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 25-3111397, 25-3111393
Worldplay Communications Inc. and Worldplay (Canada) Inc. are the subjects of insolvency proceedings in Alberta commenced by a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act, dated July 30, 2024. Ernst & Young Inc. acts as Licensed Insolvency Trustee. The matter proceeds under court file no. 25-3111397 and remains active as against both entities.
The court granted a reverse vesting order in favour of Todd Greiner, Kevin Reinhart, Joel Van Dusen, Ashley Webster and Sean Quinn.
The officer filed report no. First Report of the Proposal Trustee. Worldplay terminated all employees prior to the NOI filing and is winding down through a stalking horse RVO sale process, having found no superior bids after marketing the business for approximately two years. Court file 25-3111397, 25-3111393.
Worldplay (Canada) Inc. - Certificate for the Notice of Intention - 30 July 2024 was filed. Court file 25-3111393.
Source: Worldplay (Canada) Inc. - Certificate for the Notice of Intention - 30 July 2024
Commenced the proceedings for both Worldplay entities under subsection 50.4(1) of the Bankruptcy and Insolvency Act, with Ernst & Young Inc. named Licensed Insolvency Trustee.
Source: Worldplay Communications Inc. - Certificate for the Notice of Intention - 30 July 2024
Debtor
Worldplay Communications Inc. and Worldplay (Canada) Inc.
Proposal trustee
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Claims of Employeesas of NOI filing date — May include preferred wage claims not separately identified — debtor: Worldplay (Canada) Inc. | $187K | Worldplay (Canada) Inc. - Notice to Creditors - 31 July 2024 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
18 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans5 transactions · 3 proposed · 1 approved · 1 closed — The Agreement and the Transaction (including the Reorganization) are hereby approvedFiled Approval and Reverse Vesting Order · 21 Aug 2024
Stalking horse
Todd Grenier, Kevin Reinhart, Joel Van Dusen, Ashley Webster, and Sean Quinn · Subscribers
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Stalking Horse Bidder, a group of purchasers, unnamedthe Purchased Shares (as defined in the Stalking Horse Bid), on the terms and conditions set out in the Stalking Horse Bid, with the existing equity interests being cancelled on closing such that Stalking Horse Bidder would become the sole shareholder of Worldplay · share subscription · agreement 30 Jul 2024 | Subscribers | Proposed | Procedures for the Sale and Investment… |
| group of purchasers under Stalking Horse Agreement, unnamedStalking horseall of the equity interests in the capital of Worldplay · share subscription · agreement 30 Jul 2024 | Subscribers | Proposed | Trustee's SISP Opportunity Letter |
| Todd Grenier, Kevin Reinhart, Joel Van Dusen, Ashley Webster, and Sean QuinnStalking horsethe Common Shares · share subscription · agreement 31 Jul 2024 | Subscribers | Proposed | First Report of the Proposal Trustee |
| Todd Greiner, Kevin Reinhart, Joel Van Dusen, Ashley Webster and Sean Quinnthe issuance by Worldplay, and the subscription for and purchase by the Purchasers of, the Purchased Shares · share subscription · ResidualCo: 2636056 Alberta Ltd. ("Newco") · agreement 31 Jul 2024 | Subscribers | Approved21 Aug 2024 | Filed Approval and Reverse Vesting Order |
| unnamedthe Transaction | not stated | Closed16 Sep 2024 | Trustee's Certificate |
Cumulative receipts
$4.12K
As at 19 Aug 2024First Report of the Proposal Trustee
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Trustee's Certificate
| PDF · Subscribers | |
Administration Charge Approval and Stay Extension Order
| PDF · Subscribers | |
Filed Approval and Reverse Vesting Order
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Procedures for the Sale and Investment Solicitation Process
| PDF · Subscribers | |
| Stalking Horse Subscription Agreement | PDF · Subscribers | |
Trustee's SISP Opportunity Letter
| PDF · Subscribers | |
Worldplay (Canada) Inc. - Certificate for the Notice of Intention - 30 July 2024
| PDF · Subscribers | |
Worldplay (Canada) Inc. - Notice to Creditors
| PDF · Subscribers | |
Worldplay Communications Inc. - Certificate for the Notice of Intention - 30 July 2024
| PDF · Subscribers | |
Worldplay Communications Inc. - Notice to Creditors
| 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., “Worldplay Communications Inc. and Worldplay (Canada) Inc.” (NOI), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/worldplay-communications-inc-and-worldplay-canada-inc