Ontario · CCAA
First Report of the Proposal Trustee dated July 10, 2025.pdf
Court officer report · 10 July 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing9 verified
- courtSUPERIOR COURT OF JUSTICE
- court file noBK-25-03241505-0032
- appointeeGrant Thornton Limited
- appointee roleproposal trustee
- commencement date27 June 2025
- statutory basisSection 50.4(1) of the Bankruptcy and Insolvency Act
- operational summaryThe Companies, an integrated transportation and logistics business, are experiencing reduced customer volumes and fleet underutilization, are returning surplus tractors and trailers to lessors/financiers, and are seeking DIP financing and an extension of the NOI period to pursue restructuring options.
- report date10 July 2025
- report noFirst Report