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.
Several of the Monitor's Notices of Revision or Disallowance sent to the addresses provided by claimants to the Monitor were returned unopened to the Monitor either because the claimant is no longer at the address provided, or the claimant is no longer in existence ("Unlocated Claimants") for certain corporate claimants. Pursuant to the October 18, 2017 Order, Unlocated Claimants must contact the Monitor by December 1, 2017 to exercise its right to dispute the Monitor's Notice of Revision or Disallowance. For more information, please see the Notice to Creditors – Unlocated Claimants posted below.
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.
Notice to the Missing Creditors:
Several creditor distribution cheques totalling approximately $36,000 have been unclaimed (“Unclaimed Distributions") because the claimant is no longer at the address provided, the claimant is no longer in existence for certain corporate claimants, or the cheque has simply never been deposited by the claimant (the “Missing Creditors"). The Receiver has not been able to contact the Missing Creditors notwithstanding the several attempts made to contact these claimants including conducting internal and social media searches, corporate searches, emails, and telephone calls to reissue the distributions.
Pursuant to the Court Order dated August 17, 2022, the Missing Creditors listed below must claim their distributions by contacting the Receiver on or before October 7, 2022. If any missing creditor fails to contact the Receiver by that date, the Receiver is authorized to redistribute those Missing Creditor's dividends to the remaining creditors with proven claims.
A. Greenboro Homes Limited Partnership 1.LN Painting Ltd. B. South Terwillegar Village Limited Partnership 1. 1306517 Alberta Inc. C. Village on the Park Limited Partnership 1. Cam Interior Contracting D. Alberta Builder's Capital Inc. 1. Ali, Mohammed Ahmed 2. Arcus Financial Inc. 3. Deal, Bruce 4. Franke, Rosemarie 5. Frankish, William 6. Staudt, Oliver 7. Canadian Western Trust E. Greenboro Luxury Homes Inc. 1. 1080338 AB Ltd (Chores Cleaning) 2. Black Stone Contracting Ltd. 3. Environmental Construction Organization ECO F. Today's Homes Limited Partnership 1. 1180421 Alberta Ltd. (Precision Colour) 2. 1266867 AB Ltd. (Heywood Photographs) 3. Arzumendi, Elizabeth 4. Black Stone Contracting Ltd. 5. Cordell's Window & Interior Design Ltd 6. Emma Painting & Contracting Ltd. 7. Fibre Craft 8. Keystone Excavating (Calgary) Ltd. 9. Piattelli, Frank 10. Source Media Group 11.Timberwolf Hearth Products (1979) Ltd.
If you have questions or require further information, please contact Naomi McGregor at 403-503-1423 or naomcgregor@deloitte.ca.
Last updated Apr 15, 2024
