Sterling Shoes Inc and Sterling Shoes GP Inc
Sterling Shoes Inc. and Sterling Shoes GP Inc. (together, the "Petitioners") filed an application before the Supreme Court of British Columbia (the "British Columbia Court") pursuant to the Companies' Creditors Arrangement Act, R.S.C. 1985 c. C-36 as amended (the "CCAA").
The British Columbia Court made an order (the "Initial Order") on October 21, 2011, granting the Petitioners, including Sterling Shoes Limited Partnership (collectively the "Company"), the protections afforded by a stay of proceedings, while the Company pursues restructuring initiatives under the CCAA. The initial stay of proceedings has been extended until August 30, 2013.
The Initial Order appointed Alvarez & Marsal Canada Inc. (the "Monitor") as Monitor of the business and financial affairs of the Petitioners in the CCAA proceedings.
Notice dated November 28, 2014
The Court granted an Order authorizing, among other things, a final distribution to the creditors of Sterling Shoes GP Inc. and Sterling Shoes Limited Partnership holding individual claims in excess of $4,600. Please refer to the Order here.
As at December 19, 2014, the Monitor has made several unsuccessful attempts to contact a number of creditors who are entitled to receive distributions. The list of creditors with unclaimed distributions and instructions on how to contact the Monitor to claim the outstanding distributions can be viewed here.
400 Burrard Street, Suite 1680
Vancouver, BC V6C 3A6