On May 9, 2012, the Unity Builders Group of Companies (collectively "UBG") obtained an Initial Order from the Court of Queen's Bench of Alberta under the Companies' Creditors Arrangement Act (Canada) (the "CCAA").  The Initial Order provides for a stay of proceeding until June 8, 2012 (the "Stay"), pursuant to which creditors are restrained from enforcing or exercising any rights or remedies against UBG.  The Stay has now been extended to February 28, 2018.

Ernst & Young Inc. was appointed by the Court as the Monitor on the CCAA process and the engagement was subsequently transferred to Deloitte Restructuring Inc. effective August 10, 2016.

Notice to Creditor – Unlocated Claimants

Notice of Receivership

 On December 12, 2017, Deloitte Restructuring Inc. ("Deloitte"), was appointed by the Court of Queen's Bench of Alberta as the receiver and manager (the "Receiver"), without security, of all of the current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situated, including all proceeds thereof, of the UBG Group of Companies (the "Companies").

The Thirty First Montitor's Report outlines that the intent of the receivership appointment is to conclude the CCAA matters as the Companies do not have the ability to advance a Plan of Arrangement and Compromise to its unsecured creditors.  For more information, please see the Notices of the Receiver posted below.

​If you have questions or require further information, please contact Bob Taylor at bobtaylor@deloitte.ca.