ALVAREZ & MARSAL CANADA INC.

Access all Engagement updates and court filed materials for all active engagements in which either Alvarez and Marsal Canada Inc. or one of its affiliates is appointed in a court officer role.
Introduction

This website will be updated when further information and court materials become available.

On August 6, 2023, Yellow Corporation and its subsidiaries and affiliates (listed below and collectively, the “Chapter 11 Debtors”) each filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under chapter 11 of the United States Bankruptcy Code (the “Chapter 11 Proceedings”).

In connection with the Chapter 11 Proceedings, Yellow Corporation was appointed to act as a foreign representative (in such capacity, the “Foreign Representative”) of YRC Freight Canada Company (“YRC Freight Canada”), YRC Logistics Inc. (“YRC Logistics”), USF Holland International Sales Corporation (“USF”) and 1105481 Ontario Inc. (“1105481”) (collectively, the “Canadian Debtors” and each a “Canadian Debtor”) for relief pursuant to Part IV of the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”) and Section 106 of the Courts of Justice Act, RSO 1990, as amended (the “CJA”).

On August 29, 2023, the Ontario Superior Court of Justice (Commercial List) granted the Initial Recognition Order and a Supplemental Order (Foreign Main Proceeding) (collectively, the “Recognition Orders”), which among other things, provides for a stay of proceedings for the Canadian Debtors pursuant to the CCAA.

Alvarez & Marsal Canada Inc. is the Information Officer in respect of the proceedings pursuant to Part IV of the CCAA. 

For information on the Chapter 11 Proceedings, including orders and notices filed with the U.S Bankruptcy Court, please visit: 

https://dm.epiq11.com/case/yellowcorporation/info

Bar Date Order:

On September 15, 2023, the U.S. Court entered the Bar Date Order establishing certain deadlines for filing proofs of claim, including requests for payment pursuant to section 503(b)(9) of the Bankruptcy Code (“Proofs of Claim”).  For the avoidance of doubt, there is no separate claims process for creditors of YRC Freight Canada Company, YRC Logistics Inc., USF Holland International Sales Corporation and 1105481 Ontario Inc. (collectively, the “Canadian Debtors”). The U.S. Court has set the following deadlines for filing proofs of claim: 

General Bar Date: November 13, 2023

Governmental Bar Date: February 5, 2024

Creditors of the Canadian Debtors and other Canadian-based creditors of the Chapter 11 Debtors, ARE NOT exempt from the Bar Date Order. For more information, please see the following links:

Bar Date Notice

Bar Date Order

Proof of Claim Form

 

Key Dates in the Chapter 11 Proceedings

For additional information, please follow the link above to the Epiq case website

September 14, 2023      Section 341 Meeting of Creditors

September 15, 2023      Rescheduled Final Hearing on Certain 1st Days

September 26, 2023      Second Day Hearing

October 23, 2023      Omnibus Hearing

November 13, 2023      General Bar Date

February 5, 2024      Governmental Bar Date

 

Plan Confirmation Dates

January 28, 2025 (@ 4:00PM ET)        Deadline to File Motion Pursuant to Bankruptcy Rule 3018(a)

February 3, 2025                                       Plan Supplement Filing Deadline

March 3, 2025 (@ 4:00PM ET)             Voting Deadline, Opt-In Deadline

March 3, 2025 (@ 4:00PM ET)             Plan Objection Deadline

March 10, 2025                                          Deadline to File Voting Report

March 12, 2025                                          Confirmation Brief and Reply Deadline

March 17, 2025 (@ 2:00PM ET)          Confirmation Hearing Date

 

Chapter 11 Debtors:
1105481 Ontario Inc.
Express Lane Service, Inc.
New Penn Motor Express LLC 
Roadway Express International, Inc.
Roadway LLC
Roadway Next Day Corporation
USF Bestway Inc.
USF Dugan Inc.
USF Holland International Sales Corporation
USF Holland LLC
USF RedStar LLC
USF Reddaway Inc.
Yellow Corporation
Yellow Freight Corporation
Yellow Logistics, Inc.
YRC Association Solutions, Inc
YRC Enterprise Services, Inc.
YRC Freight Canada Company
YRC Inc.
YRC International Investments, Inc.
YRC Logistics Inc. (Filed 8/7/2023)
YRC Logistics Services, Inc. (Filed 8/7/2023)
YRC Mortgages, LLC (Filed 8/7/2023)
YRC Regional Transportation, Inc. (Filed 8/7/2023)

Contact Us

Alvarez & Marsal Canada Inc.
Royal Bank Plaza, South Tower
200 Bay Street, Suite 2900
P.O. Box 22
Toronto ON M5J 2J1
Canada

YRCFreightCanada@alvarezandmarsal.com 

416-847-5187