This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
The Court Order dated December 7, 2011 affirms that Altus' Plan has been fully implemented (except for the resolution of three Disputed Claims) and that the CCAA Proceeding, in accordance with the terms of the Final Sanction Order, was terminated as of November 30, 2011.
On November 30, 2011 the Stay Period expired and the Monitor was automatically discharged. An Application regarding Plan Compliance has been filed by Altus which is scheduled to be heard on December 7, 2011.
On September 29, 2011 the Court Sanctioned the Plan, which is now binding on all Affected Creditors. As well, an extension of the original Court Order stay was granted to November 30, 2011.
On September 6, 2011 the Court authorized Altus to convene the Unsecured Creditors' Meeting to be held on September 28, 2011 at 10:00am. Creditors are encouraged to review the documents posted in the "Creditors' Meeting" section.
On March 31, 2011 an extension of the original Court Order stay was granted to June 30, 2011.
On January 18, 2011 the Monitor obtained court approval for a Claims Process with a Claims Bar Deadline of February 28, 2011. A copy of the Proof of Claim and Instruction Letter can be located below under "Claims Process".
On December 21, 2010 PricewaterhouseCoopers Inc. was appointed Monitor under the Companies’ Creditors Arrangement Act (“CCAA”) pursuant to an Order of the Court of Queens Bench of Alberta, Calgary Division.
This Web site will be updated as information becomes available.
For more information, please contact: PricewaterhouseCoopers Inc., Telephone: +1 403 509 7382, Fax: +1 403 781 1825, Email.
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