On November 8, 2011, the Court of Queen's Bench of Alberta (the "Court") issued an order (the "Receivership Order") appointing Ernst & Young Inc. ("EY") (Formerly RSM Richter Inc.) as the Receiver and Manager (the "Receiver") of i) the real property of MCL Development Corp. ("MCL" or the "Company") as described in the Receivership Order; and ii) all of MCL's current and future personal property pertaining or relating to or used in connection with the MCL Real Property.
On October 2, 2014 MCL made an assignment into bankruptcy and EY was appointed as the trustee. The engagement was subsequently transferred to Deloitte Restructuring Inc. effective August 10, 2016.
On December 24, 2014 MCL filed a proposal which was funded by Crerar. The proposal was accepted by the required majority of creditors and the MCL Real Property was transferred to Crerar HAL Investments Inc.
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Order - Amended Sale Approval and Vesting , filed February 6, 2015
Order, dated December 3, 2014
Certificate of Bankruptcy, October 2, 2014
Notices and other documents
Notice of Bankruptcy and First Meeting of Creditors Package, dated October 8, 2014
Notice to Creditors Package, dated December 31, 2014
Order - MCL Approval of Fees and Receiver Discharge, filed January 6, 2016
Order - RWS Approval of Fees and Receiver Discharge, filed January 6, 2016
Receivership Order, dated November 8, 2011
Receiver's Final Report, dated December 4, 2015
First Report of the Receiver, dated June 25, 2014
Feb 21, 2017