Watts Mechanical Services Ltd. ("Watts") is a long established company that first began operations over 40 years ago. Watts operated as a commercial and industrial mechanical services company in Calgary, Alberta.On October 21, 2011, Watts sought protection under the Bankruptcy and Insolvency Act (the "BIA") by filing a Notice of Intention to Make a Proposal. On November 18, 2011 Watts sought, and was granted by the Court of Queen's Bench of Alberta, a 45-day extension of time for filing its proposal to December 21, 2011.Watts did not seek a further extension of time to file a proposal and was unable to file a proposal by December 21, 2011. Consequently, a deemed assignment into bankruptcy was made effective December 22, 2011 and Ernst & Young Inc. ("EY") (Formerly RSM Richter Inc.) was appointed as the trustee. The engagement was subsequently transferred to Deloitte Restructuring Inc. effective August 10, 2016.
The Trustee obtained its discharge on March 14, 2022.
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Oct 13, 2022