Scotian Distribution Services Limited
Filing Date: June 03, 2020
Discharged On: April 01, 2022
On February 28, 2020, Scotian Distribution Services Limited (“Scotian”) filed a Notice of Intention to Make a Proposal (“NOI”), pursuant to s. 50.4 of the Bankruptcy and Insolvency Act (“BIA”).
On March 27, 2020 Scotian applied to the Supreme Court of Nova Scotia (the “Court”) and was granted an Order extending the time for filing a proposal to May 11, 2020. On May 8, 2020 Scotian made a second application for an Order extending the time for filing a proposal which was granted extending the time to June 26, 2020.
On May 14, 2020, MNP Ltd., who was the Trustee in the Proposal proceedings issued a Notice of Material Adverse Change in Financial Circumstances. Subsequently, On the 3rd day of June, 2020 Scotian made a voluntary Assignment for the General Benefit of Creditors which was filed with the Official Receiver. MNP Ltd was named as the Trustee which was affirmed at the first meeting of creditors.