H.B. White Canada Corp.
July 7, 2016
On July 7, 2016, H.B. White Canada Corp. (“HBW” or the “Applicant”), commenced court-supervised restructuring proceedings under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).
On the same day, the Ontario Superior Court of Justice (Commercial List) (the “Court”) granted an order (the “Initial Order”), which, among other things, provides for a stay of proceedings until August 6, 2016 (the “Stay Period”). The Stay Period may be extended by the Court from time to time.
On the same day, the Court issued an order (the “Claims Procedure Order”) approving the claims process whereby persons who assert a Claim against H.B. White Canada Corp. must file a Proof of Claim (with respect to Claims against HBW) or Director/Officer Proof of Claim (with respect to Director/Officer Claims) with the Monitor on or before 5:00 p.m. (Toronto time) on August 22, 2016.
Also pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor”) of the business and financial affairs of H.B. White Canada Corp.
Monitor Hotline: 1-844-692-6255
Alvarez & Marsal Canada Inc.
Royal Bank Plaza, South Tower
200 Bay Street, Suite 2900
P.O. Box 22
Toronto ON M5J 2J1