Canada 3000 Airlines Limited

Bankruptcy

Page last updated: December 7, 2012

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 December 7, 2012

As of November 6, 2012, all Canada 3000 dividends were mailed to the employees. If an employee is listed on the Final Dividend sheets and has not received a statement showing that Human Resources and Skills Development Canada (“HRSDC”) has taken their dividend or received a cheque from the Trustee, please contact the Trustee by email to Donna Smith at the contact link on the right.

The Trustee will be holding any returned cheques for the next few months only. After that time, the funds will be turned over to the Office of the Superintendent of Bankruptcy as required under the Bankruptcy and Insolvency Act.

Any queries regarding the deduction made by HRSDC must be made directly with a local HRSDC office.

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.