March 1st, 2017 - Take notice that BCBG MAX AZRIA CANADA INC. has filed a Notice of Intention to make a Proposal to its creditors, a copy of which is attached, and that we have consented to act as trustee.
On March 29, 2017, BCBG Max Azria Inc., filed a petition for an extension of delay in accordance with the Section 50.4 paragraph 9 of the Bankruptcy and Insolvency Act. Said petition was granted, thereby having the effect of prolonging the delay in which to file the proposal by an additional forty-five (45) days, until May 15, 2017
On May 12, 2017, BCBG Max Azria Inc., filed a petition for a second extension of delay in accordance with the Section 50.4 paragraph 9 of the Bankruptcy and Insolvency Act. Said petition was granted, thereby having the effect of prolonging the delay in which to file the proposal by an additional forty-five (45) days, until June 29, 2017.
On June 28, 2017, BCBG Max Azria Inc., filed a petition for a third extension of delay in accordance with the Section 50.4 paragraph 9 of the Bankruptcy and Insolvency Act. Said petition was granted, thereby having the effect of prolonging the delay in which to file the proposal by an additional forty-five (45) days, until August 11, 2017.
On July 20, 2017, BCBG Max Azria Inc., filed a petition for a fourth extension of delay in accordance with the Section 50.4 paragraph 9 of the Bankruptcy and Insolvency Act. Said petition was granted until August 11, 2017, thereby having the effect of prolonging the delay in which to file the proposal by an additional twenty (20) days, until August 31, 2017.
On July 25, 2017, following the Application for an approval, vesting, assignment and for extension of time to file a Proposal, an Order was rendered by the Court approving the sale, vesting, agreement and extension order.
On September 1, 2017, BCBG Max Azria Canada Inc. was deemed to have filed an assignment, as per the Report of Trustee on non-filling of Proposal, dated September 1, 2017.
The first meeting of creditors of the Bankrupt was held on the 20th day of September at 9:30 a.m., at the office of the Trustee located at 1190 Avenue des Canadiens-de-Montreal (La Tour Deloitte), Suite 500, Room 5-024, Montreal, Quebec H3B 0M7, as per the Notice of Bankruptcy and First Meeting of Creditors, dated September 7, 2017.
Should you have any questions, please contact us at:
Deloitte Restructuring Inc.Trustee of BCBG MAX AZRIA CANADA INC. 1190, avenue des Canadiens-de-Montréal, Suite 500 Montreal QC H3B 0M7
Martin Franco, CPA, CA, CIRP, LITEric St-Pierre, CPA, CA, CIRP, LIT
Phone: 514-393-8474 Fax: 514-390-4103
Order approving a DIP financing and DIP charge, an administration charge, a D&O charge, a consulting agreement and sale guidelines and granting ancillary relief dated March 3, 2017.Order extending the time to file a Proposal dated March 29, 2017 (first extension to May 15, 2017)Order extending the time to file a Proposal dated May 12, 2017 (second extension to June 29, 2017)Order extending the time to file a Proposal dated June 28, 2017 (third extension to August 11, 2017)Approval, Vesting, Assignment and Extension Order dated July 25, 2017 (fourth extension to August 31, 2017)
Motion for approval of a DIP Financing and DIP Charge, an Administration Charge, a D&O Charge, a Consulting Agreement and Sale Guidelines and granting ancillary relief dated March 1, 2017 Exhibit P-10 – Canadian Forbearance Agreement dated March 3, 2017Application for extension of time to file a Proposal dated March 24, 2017 (first extension)Application for extension of time to file a Proposal dated May 9, 2017 (second extension)Application for extension of time to file a Proposal dated June 28, 2017 (third extension)Application for an approval, vesting, assignment and extension of time to file a Proposal dated July 20, 2017 (fourth extension))
First report to the Court submitted by Deloitte Restructuring Inc., in its capacity as Trustee to the Notice of intention to make a Proposal dated March 2, 2017Report of the Trustee on the monitoring of the debtor’s business and financial affairs dated March 27, 2017Report of the Trustee on the monitoring of the debtor's business and financial affairs dated May 10, 2017Report of the Trustee on the monitoring of the debtor's business and financial affairs dated June 28, 2017Report of the Trustee on the monitoring of the debtor's business and financial affairs dated July 21, 2017Report of the Trustee on non-filling of Proposal dated September 1, 2017Trustee's Preliminary Report to Creditors dated September 20, 2017
Notice of intention to make a proposal dated February 28, 2017Certificate of a notice of intention to make a proposal dated March 1st, 2017Notice to the creditors of the intention to make a proposal dated March 2, 2017 Notice of Bankruptcy and First Meeting of Creditors dated September 7, 2017 Minutes of the First meeting of creditors dated September 20, 2017 (French Only)
Service List dated March 20, 2017
Lease sale and solicitation process terms, March 20, 2017 Confidentiality and non-disclosure agreement, March 20, 2017 Leases available for sale flyer, March 20, 2017
Last updated Nov 6, 2017
