On February 8, 2019, B.W. Rig Supply Inc. (the "Company" or "BW") filed a Notice of Intention to Make a Proposal (the "NOI") under section 50.4(1) of the Bankruptcy and Insolvency Act (the "BIA"). Deloitte Restructuring Inc. consented to act as Trustee under the NOI (the "Trustee"). BW was granted an initial 30-day stay of proceedings pursuant to Section 69(1) of the BIA.The Company applied to the Court on March 7, 2019 (the "First Extension Date"), for its first extension of time for the Company to file a proposal to creditors. The Order provided for an extension to April 24, 2019 (the "First Extension Deadline"), and the stay of proceedings remained in place. The Company applied to the Court on April 17, 2019 (the "Second Extension Date"), for its second extension of time for the Company to file a proposal to creditors. The Order provided for an extension to June 7, 2019 (the "Second Extension Deadline"), and the stay of proceedings remained in place.The Company failed to file a proposal with the Official Receiver prior to the Second Extension Deadline and the Company was deemed bankrupt on June 8, 2019 (the "Date of Bankruptcy") and Deloitte Restructuring Inc. (the "Trustee") was appointed Licensed Insolvency Trustee.
On November 22, 2021, the Trustee was discharged as Trustee from the bankruptcy estate.
For further information, please contact:
Christopher Knox1500 Manulife Place10180-101 StreetEdmonton, AB T5J 4K1Direct: 780-401-3913Fax: 780-421-3782Email: cknox@deloitte.ca
Last updated Aug 3, 2023
