Bankruptcy Trustee and Insolvency Consultants, Vancouver
Shaw Installations Ltd. made an assignment in bankruptcy on November 21, 2011 and Boale, Wood & Company Ltd. was appointed as Trustee.
A copy of the creditors’ package can be obtained by clicking on the link below.
For further information on this bankruptcy, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
4th Ave. Holdings Inc. made an assignment in bankruptcy on November 25, 2011 and Boale, Wood & Company Ltd. was appointed as Trustee.
A copy of the creditors’ package can be obtained by clicking on the link below.
For further information on this bankruptcy, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
Updated May 2012
Worldspan Marine Inc., Crescent Custom Yachts Inc., Queenship Marine Industries Ltd., 27222 Developments Ltd. and Composite FRP Products Ltd. (the “Companies”) obtained a Court Order from The Supreme Court of British Columbia on Monday, June 6, 2011 pursuant to the Companies’ Creditors Arrangement Act (“CCAA”). Boale, Wood & Company Ltd. has been appointed the Monitor. The Initial Order provides the companies with a Stay of Proceedings against all actions and creditors. A copy of this Court Order can be obtained by clicking on the link below.
At the comeback hearing held on June 23, 2011, the Stay of Proceedings was extended to July 22, 2011. A copy of this Court Order can be obtained by clicking on the appropriate link below. The Monitors initial report dated June 21, 2011 can be accessed by clicking on the link below.
At the hearing held on July 22, 2011, the Stay of Proceedings was extended to September 20, 2011. A copy of this Court Order dated July 22, 2011 can be obtained by clicking on the appropriate link below. The Monitor’s second report dated July 20, 2011 can be accessed by clicking on the link below. The Court also approved a claims procedure to be followed by creditors of the Companies. Please refer to the Notice to Creditors regarding the claims process and Proof of Claim package by clicking the appropriate links below.
At the hearing on August 11, 2011, Wolrige Mahon Limited was appointed as Vessel Construction Officer (VCO), with a mandate to conduct an analysis of the cost to complete the construction of the Vessel “QE014226C010” (the “Vessel”). It is currently anticipated that the report of VCO will be ready by the end of October, 2011. The order appointing the VCO can be accessed by clicking the link below.
At the hearing on September 19, 2011, the Stay of Proceedings was extended to December 16, 2011. The Companies sought at that hearing the right to market the Vessel to other purchasers, other than the main intended purchaser of the vessel, Harry Sargeant III. The Court gave the Companies that right unless Mr. Sargeant posted $4.0 million (US) in trust by September 29, 2011.
As a result of Mr. Sargeant not posting the funds, the Federal Court ordered on October 7, 2011 that the Companies may market the Vessel to others. The court then set out numerous terms and conditions upon which this may be done. The order regarding marketing can be accessed by clicking the link below.
At the hearing on November 7, 2011 the Supreme Court of British Columbia approved the sale of the land and building owned by 27222 Developments Ltd.
On December 16, 2011, on the application of the petitioners, the Supreme Court of British Columbia granted an order confirming and extending the Initial Order and stay pronounced June 6, 2011, and subsequently confirmed and extended to December 16, 2011, by a further 119 days to April 13, 2012. The petitioners applied for the extension of the Initial Order to April 13, 2012 in order to permit them additional time to work toward a plan of arrangement by continuing the marketing of the Vessel with Fraser Yachts, to explore potential Debtor In Possession (“DIP”) financing to complete construction of the Vessel pending a sale, and to resolve priorities among in rem claims against the Vessel.
By Consent Order dated April 13, 2012 the Supreme Court of British Columbia granted an order confirming and extending the Initial Order and stay to April 20, 2012.
On April 20, 2012, on application of the petitioners, the Supreme Court of British Columbia approved the sale of the 70’ Queenship vessel with the hull identification number A129.
On April 20, 2012, on application made by Comerica Bank, the Supreme Court of British Columbia granted an Order confirming and extending the Initial Order and stay to June 30, 2012 to provide time for the Federal Court to render its decision with respect to the validity of Mr. al-Saleh’s Trust Claim and Comerica Bank’s security. In addition the extension will provide further time to market the Vessel.
For further information regarding this matter, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
Creditors
Creditor List
Notice to Creditors
Proof of Claim Package
Notice to Creditors re: Maritime Claims
Notice to Creditors re: Filing Affidavit to Federal Court
Court Orders
Initial Order dated June 6, 2011
Extension Order dated June 23, 2011
Order extending stay to September 20, 2011
Claims Process Order dated July 22, 2011
Federal Court Order dated August 29, 2011
Order appointing Vessel Construction Officer
Federal Court Order re: Listing Vessel for Sale
Order US Chapter 15 Recognizing Foreign Proceeding
Order extending stay to December 16, 2011
Order extending stay to April 13, 2012
Order extending stay to April 20, 2012
Order extending stay to June 30, 2012
Order approving Sale of 70’ Queenship Vessel A129
Monitors Reports
Report #1 dated June 21, 2011
Report #2 dated July 20,2011
Report #3 dated August 17, 2011
Report #4 dated September 16, 2011
Report #5 dated November 4, 2011
Report #6 dated December 15, 2011
Other Information
Petition to the Court
Service List
Vessel Listing Agreement
Vessel Construction Officer Report #1 dated September 16, 2011
Vessel Construction Officer Report #2 dated October 31, 2011
Monitor’s Affidavit dated April 19, 2012
Updated May 2011
To the Creditors of Alchemy Systems Limited Partnership II, a Limited Liability Partnership, doing business as Shortstop Auto Service with locations in Vancouver, Delta and Surrey.
Please be advised that Alchemy Systems Limited Partnership II and each of its partners, Paul George Inc., Sean George Inc., and Salt Air Management Corp., did not file the requisite proposal within the required time frames and have deemed to have made an assignment in bankruptcy. A copy of the bankruptcy creditors package can be obtained by clicking on the link below.
For creditors wishing to file a proof of claim, please refer to Form 31 (proof of claim), Form 36 (general proxy) and the instructions for completing a proof of claim in the forms section of our website.
Please be advised that Alchemy Systems Limited Partnership II and each of its partners, Paul George Inc., Sean George Inc., and Salt Air Management Corp., have filed a Notice of Intention to Make a Proposal (“NOI”) on April 18, 2011 pursuant to the provisions of the Bankruptcy & Insolvency Act. A copy of the creditor package can be obtained by clicking on the link below. For further information in this matter, please contact John McEown at (604) 605-3335 or by email at jmceown@boalewood.ca
Alchemy Systems Limited Partnership II bankruptcy creditors package
Alchemy Systems Limited Partnership II Notice of Intention creditor package
Updated April 2011
On April 1, 2011, R.P.M. Erectors Ltd. made an assignment in bankruptcy and Boale, Wood & Company Ltd. was appointed as Trustee. A copy of the creditors’ package can be obtained by clicking on the link below. For further information on this estate, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
For creditors wishing to file a proof of claim, please refer to Form 31 (proof of claim), Form 36 (general proxy) and the instructions for completing a proof of claim in the forms section of our website.
Updated June 2011
3S Printers Inc. and Gamma Investments Ltd. obtained a Court Order from The Supreme Court of British Columbia on Monday, January 24, 2011 pursuant to the Companies’ Creditors Arrangement Act (“CCAA”). The Initial Order provides 3S Printers Inc. and Gamma Investments Ltd. with a stay of proceedings against all actions and creditors. A copy of this Court Order can be obtained by clicking on the link below.
At the comeback hearing held on February 18, 2011, the Stay of Proceedings was extended to May 20, 2011. A copy of this Court Order can be obtained by clicking on the appropriate link below.
The Monitor has issued two reports in April, 2011. The reports can be accessed by clicking on the links below.
On May 4, 2011, the Supreme Court of British Columbia terminated the relief that was initially granted to the Companies. Boale, Wood & Company Ltd. was also discharged as Monitor. A copy of the May 4, 2011 reasons for judgment can be obtained by clicking on the link below. A copy of the Court Order has now been added to this site. It may be obtained by clicking on the link below.
Boale, Wood & Company Ltd. has been appointed the Monitor. For further information regarding this matter, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
Court Orders
Initial Court Order dated January 24, 2011
Court Order dated February 18, 2011
Reasons for Judgement, May 4, 2011
Court Order dated May 4, 2011
Monitor’s Reports
Report #3 dated April 27, 2011
Report #2 dated April 4, 2011
Report #1 dated February 15, 2011
Other Information
Petition to the Court
Sandhu Affidavit #1 (less exhibits)
(Exhibits are available upon request by contacting the Monitor)
Service List
Creditor List
Updated November 2011
On January 4, 2011, S.H. Blackwell Company Inc. filed a proposal to its creditors and Boale, Wood & Company Ltd. was appointed as Trustee. For further information on this estate, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
For creditors wishing to file a proof of claim, please refer to Form 31 (proof of claim), Form 36 (general proxy), Form 37 (voting letter) and the instructions for completing a proof of claim in the forms section of our website.
At a meeting of creditors on January 24, 2011 the Proposal presented by S.H. Blackwell Company Inc. to its creditors was approved. The Proposal was subsequently approved by the Supreme Court of British Columbia on the 21st day of February 2011.
S.H. Blackwell Company Inc. creditor package
Order Approving Proposal
Updated October 2010
Columbia Foam Inc. made an assignment in bankruptcy on October 13, 2010 and Boale, Wood & Company Ltd. was appointed as Trustee. A copy of the creditors’ package can be obtained by clicking on the link below. For further information on this bankruptcy, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
For creditors wishing to file a proof of claim, please refer to Form 31 in the forms section of our website.
Updated October 2010
Feline Future Cat Food Company Inc. made an assignment in bankruptcy on October 5, 2010 and Boale, Wood & Company Ltd. was appointed as Trustee. A copy of the creditors’ package can be obtained by clicking on the link below. For further information on this bankruptcy, please contact John McEown at (604) 605-3335 or at jmceown@boalewood.ca
For creditors wishing to file a proof of claim, please refer to Form 31 in the forms section of our website.
Updated August 2010
Koolhaus Design Ltd. made an assignment in bankruptcy on August 3, 2010 and Boale, Wood & Company Ltd. was appointed as Trustee.
A copy of the creditors’ package can be obtained by clicking on the link below. For further information on this bankruptcy, please contact Stephen Boale (604) 605-3335 or at sboale@boalewood.ca
For creditors wishing to file a proof of claim, please refer to Form 31 in the forms section of our website.
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