Ontario · Bankruptcy
Trustee’s First Report
Court officer report · 12 September 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 filing12 verified
- court file no31-2234914
- appointeePricewaterhouseCoopers Inc., LIT
- appointee roleLicensed Insolvency Trustee
- commencement date31 March 2017
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended
- courtOntario Superior Court of Justice (Commercial List)
- operational summaryThe bankrupt companies have no ongoing operations; the Trustee ran a sales process for the companies' intellectual property assets (their only significant assets) and is seeking court approval to sell them to Fast Track Global Limited.
- process resultsnote: pool of prospective purchasers solicited from US Auction contacts and MCIA list · solicited: 28
- purchaserFast Track Global Limited
- report date12 September 2017
- report noFirst Report
- sale outcometext: Trustee entered into APA with Fast Track and seeks approval and vesting order to implement the transaction · scope: whole_business · status: pending_approval