Quebec · Interim receivership
Report of the Proposed Receiver - May 13 2022
Court officer report · 13 May 2022
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What we verified from this filing10 verified
- applicantBANK OF MONTREAL
- appointeePricewaterhouseCoopers Inc., LIT
- courtIN THE COURT OF QUEEN'S BENCH OF NEW BRUNSWICK
- statutory basisSECTION 33 OF THE JUDICATURE ACT, RSNB 1973, c J-2, RULE 41 OF THE RULES OF COURT, NB REG 82-73, and SECTION 243 of the BANKRUPTCY AND INSOLVENCY ACT RSC 1985, C B-3
- appointee roleInterim Receiver
- commencement date29 April 2022
- operational summaryThe Receiver ceased the Companies' operations, terminated all employees while retaining certain key employees under contract, and is now pursuing a sale process for the Companies' assets rather than continued operations.
- report date13 May 2022
- report noFirst Report
- sale outcometext: The Proposed Receiver has prepared a draft Invitation for Offers package to market and sell the assets of the Companies · scope: whole_business · status: process_approved