Ontario · Foreign recognition (CCAA)
Fifth Report of the Information Officer dated December 1, 2017
Court officer report · 1 December 2017
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 filing8 verified
- closing confirmedscope: Owned Inventory and other assets, excluding the Encore Assets and the Remaining Inventory · outcome: completed · effective: 2017-10-23 · purchaser: GBH Wynit, LLC · date basis: stated · approval order date: 2017-10-23; scope: Encore's business and assets · outcome: completed · effective: 2017-11-13 · purchaser: Sereno Ventures, LLC · date basis: stated · approval order date: 2017-11-09
- operational summaryThe Debtors shut down operations in late August 2017 and are liquidating their remaining assets; the Liquidation and Encore transactions have closed, the Remaining Inventory is being sold with Conway's assistance, and there are no employees remaining at the Mississauga Premises, which the Debtors are seeking to reject the lease for.
- process resultsbids: 9 · ndas: 12 · note: results as of the Bid Deadline and subsequent Auction · as of: 2017-11-16 · solicited: 50
- purchaserGBH Wynit, LLC; Sereno Ventures, LLC; GBH Wynit, LLC
- report date1 December 2017
- report noFifth Report
- sale advisorConway MacKenzie, Inc.
- sale outcometext: The RI Agreement for the Remaining Inventory sale via the Liquidator was not approved by the US Court · scope: parcel · status: not_completed