Canada 3000 Airlines Limited
Bankruptcy
This Web site is your primary source of information related to claims and the bankruptcy proceedings of Canada 3000 Airlines Limited/Lignes Aériennes Canada 3000 Limitée,
This site will be updated as information becomes available. We encourage you to visit this site if you have any concerns and/or additional inquiries.
CANADA 3000 AIRLINES LIMITED
Status as at April 19, 2012
A Notice of Final Dividend and Application for Discharge of the Trustee will be mailed to all proven creditors on or around May 3, 2012. Pursuant to an order of the Court dated October 21, 2011, dividends of $10.00 or less will not be distributed to creditors, but will be remitted to the Office of the Superintendent of Bankruptcy. The final dividend will be paid after the expiration of 15 days following the date of the mailing of this notice.
Please refer to the Final Dividend tab for full particulars of the Trustee’s Final Statement of Receipts and Disbursements, as taxed by the Court and the Final Dividend Sheet, indicating the amount available for distribution amongst the proven creditors.
Status as at October 26, 2011
On October 21, 2011, the Court issued an Order:
- approving that the Trustee distribute dividends of $10 or less, to the Office of the Superintendant of Bankruptcy as unclaimed dividends;
- approving the form of Amended Notice to all Proven Creditors; and
- ordered that the Trustee’s motion to dispense with compliance with sections 46 of the Employment Insurance Act with respect to dividends payable to Airlines’ employees be adjourned.
Status as at October 13, 2011
On September 27, 2011, the Trustee prepared its Eighth Report to seek the Court’s advice and directions under section 34(1) of the Bankruptcy and Insolvency Act (the “BIA”), concerning the distribution of funds in the estate to creditors and compliance with certain provisions of the BIA and the Employment Insurance Act (the “EIA”).In particular, the Trustee will seek an order from the Court:
- authorizing and directing the Trustee to distribute dividends of $10 or less to the Office of the Superintendent of Bankruptcy as Unclaimed Dividends, which would otherwise be payable to Minority Creditors;
- approving the form of the Amended Notice and authorizing the directing the Trustee to mail only the Amended Notice to all Proven Creditors and posting a copy of the full Creditors’ Package on the Trustee’s website; and
- authorizing the Trustee to dispense with compliance with section 46 of the EIA with respect to the dividend payable to Airlines’ Employees.
