Korex
Ira Smith Trustee & Receiver Inc. ("ISI") was appointed, by Order of the Honourable Mr. Justice Cumming of the Ontario Superior Court of Justice (Commercial List) dated February 6, 2009, as Monitor of Korex Don Valley ULC ("Korex"). Korex has sought protection under the COMPANIES' CREDITORS ARRANGEMENT ACT R.S.C. 1985 c.C - 36, as amended ("CCAA"), in order to provide it the opportunity to restructure its operations and financial affairs.
All stakeholders should deal directly with management of Korex on normal business affairs, as Korex's management continues to be responsible for daily operations while attempting to restructure. All creditors should also review the Monitor's letter to creditors dated February 11, 2009 below.
On August 10, 2009, the CCAA proceedings were terminated, the Monitor was discharged, and the Court appointed a Receiver and Manager over the Korex assets. On August 11, 2009, in response to Korex’s filing an Assignment in Bankruptcy, the Superintendent of Bankruptcy appointed S. Funtig & Associates Inc. as trustee in bankruptcy. Creditors are directed to the bottom of this webpage to view a copy of the Certificate, and for the link to the trustee in bankruptcy’s website.
CCAA
- Letter to Creditors - 11 February, 2009
Court Matters
- Monitor Appointment and Initial Stay Order- 06 February, 2009
- Order extending initial stay of proceedings- 9 March, 2009
- First and Second Report Approval Order - – 31 March, 2009
- Administration Charge Increase Order- 17 April, 2009
- Approval Order – 15 May, 2009
- Endorsement of Wilton-Siegel, J. – 29 May, 2009
- Endorsement of Wilton-Siegel, J. – 30 June, 2009
- Approval Order - Reports 6-8– 22 July, 2009
- Discharge Order– 10 August, 2009
Court Reports
- Proposed Monitor’s First Report to Court – January 9, 2009
- Proposed Monitor’s First Supplementary Report – January 22, 2009
- Proposed Monitor’s Second Supplementary Report – February 2, 2009
- Monitor’s First Report to Court – 6 March, 2009
- Monitor’s Second Report to Court – 25 March, 2009
- Monitor’s Second Supplementary Report to Court – 28 March, 2009
- Monitor’s Third Report to Court – 27 April, 2009
- Monitor’s Fourth Report to Court – 29 April, 2009
- Monitor’s Fifth Report to Court – 11 May 2009
- Monitor's Sixth Report to Court - 27 May, 2009
- Monitor's Seventh Report to Court- 12 June, 2009
- Monitor's Eighth Report to Court - Volume 1 - 22 June, 2009
- The Monitor has applied to the Court for an Order sealing the Eighth Report, Volume 2 until further Order of the Court. Accordingly, Volume 2 is not being posted on this wepage.
- Monitor's Eighth Report to Court - Volume 3 - 25 June, 2009
- Monitor's Eighth Report to Court - Volume 4 - 20 July, 2009
- Monitor's Ninth Report to Court - 6 August, 2009
Korex Bankruptcy
Korex filed an Assignment in Bankruptcy and on August 11, 2009, the Superintendent of Bankruptcy appointed S. Funtig & Associates Inc. as trustee in bankruptcy. The trustee in bankruptcy’s website is http://www.funtig.com/
- Korex Bankruptcy Certificate – 11 August, 2009
All documents are in
Acrobat/PDF format -
free reader available HERE.