On June 11, 2020, Swimco Aquatic Supplies Ltd. and Swimco Partnership (the "Companies") each filed a Notice of Intention to Make a Proposal (the "NOIs") pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (the "BIA").
Pursuant to Section 69(1) of the BIA, all proceedings against the Companies are now stayed and service to the Companies cannot be discontinued.
The time period within which the Debtors were required to file a proposal to their creditors was extended to October 9, 2020, pursuant to two Court orders. The Debtors were unable to make a viable proposal to their creditors on or before October 9, 2020 and were thereupon deemed to have made an assignment into bankruptcy effective October 10, 2020. Deloitte Restructuring Inc. was appointed as trustee in bankruptcy of the Debtors' estates.
The first meeting of creditors for Swimco Aquatic Supplies Ltd. will be
held on October 30, 2020 at 2:00pm MTN through electronic or digital means of
communication. To be entitled to vote at the meeting you must file
with us, prior to the meeting, a proof of claim form, and where necessary, a
proxy. Please contact Tyler Adametz at 403-648-3203 for
On November 10, 2020, Deloitte Restructuing Inc. was appointed by the Court of Queen's Bench of Alberta as receiver and manager (the "Receiver") in respect to all the assets and property of Swimco Aquatic Supplies Ltd., Swimco Partnership, Blue Crush Bikini & Boardshort Company Ltd., Lori Bacon Holdings Ltd., and Steve Forseth Holdings Ltd.
The Swimco Partnership first meeting of creditors originally scheduled for
October 30, 2020 at 1:00 PM MST has been adjourned pursuant to the certificate
of assignment issued by the Official Receiver of the Office of the
Superintendent of Bankruptcy, dated October 29, 2020. The first meeting of creditors for Swimco Partnership, along with Blue Crush Bikini & Boardshort Company Ltd., Lori Bacon Holdings Ltd., and Steve Forseth Holdings Ltd., will now be held on December
3, 2020 at 1:00 PM MST. If you have any questions on
this matter, please contact Tyler Adametz of the Bankruptcy Trustee’s office at
403-649-3203 or email@example.com.
Publicly available documents will be posted to this website.
For further information, please contact Tyler
Adametz at 403-648-3203 or firstname.lastname@example.org.
Mar 24, 2021