Atlantic Yarns Inc., Atlantic Fine Yarns Inc.

CCAA Filing Information

Page last updated: October 18, 2009

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.


Status of File as at March 10, 2009

The Monitor reports that the Companies have been unable to return to profitability and the Companies have moved to a liquidation of the assets under the supervision of the Court.

The assets of the Companies as set out in the Invitation to Offer (Equipment only) are now subject to a comprehensive agreement of purchase and sale, and a hearing will be heard in March to ask the Court to confirm the sale, with a closing of sale to occur in April.

The Monitor thanks all the interested parties for their active participation to date. This site will be updated from time to time as may be appropriate.

The buildings are now available for purchase, and interested parties may obtain information on this site or directly from the Monitor via email. See below Sale of Business for information on how to make an offer and details of the assets for sale.

42 KB Bankruptcy documents, January 20, 2009.

Sale of Business

42 KB Invitation for Offer — Atlantic Yarns Group
42 KB AFY inventory of stores, dated January 19 2009.
42 KB AY inventory of stores, dated January 19 2009.



  Plan of Arrangement:

42 KB Sanctioned Amended Plan of Arrangment, dated June 26, 2008.
42 KB Notice — AY & AFY changes to plan, June 22, 2008.
42 KB Plan of Arrangement as Amended and Voted, dated April 2, 2008
42 KB Plan Amendment 1, dated March 28, 2008
42 KB Plan Amendment 2, dated March 28, 2008
42 KB Plan Amendment 3, dated March 28, 2008
42 KB Instruction Notice, dated February 21, 2008
42 KB Plan of Arrangement, filed February 19, 2008
42 KB Report of the Monitor on the Plan, dated February 21, 2008
42 KB Information Circular regarding the Plan
42 KB Creditor Meeting Notice
42 KB Proxy in blank
42 KB Voting Ballot in blank
42 KB Creditor mailout full package as mailed, February 21, 2008



  Proof of Claim:

42 KB Proposed dividend #1 per company
42 KB Proven Creditors List for Atlantic Yarns Inc., dated February 14, 2008
42 KB Proven Creditors List for Atlantic Fine Yarns Inc., dated February 14, 2008
42 KB Notice to Creditors re Claims Bar Date, dated December 31, 2007
42 KB Proof of Claim Form, Proxy and Instructions, Atlantic Yarns Inc.
42 KB Proof of Claim Form, Proxy and Instructions, Atlantic Fine Yarns Inc.
42 KB Initial Notice to Creditors, dated October 30, 2007



  Monitor's Reports to the Court:

42 KB Notice of Motion - July 13 2009
42 KB Notice of Motion, dated March 17, 2009.
42 KB Notice of Motion for a hearing to be held on January 15th at 10:30 a.m.
42 KB Affidavit of Pasqual Alles sworn to on January 8, 2009.
42 KB Affidavit of Pasqual Alles, June 20, 2008.
42 KB Dip Financing Motion, filed June 20, 2008.
42 KB Amended Notice of Motion, filed June 20, 2008.
42 KB Affidavit Mr. Alles, dated June 20, 2008.
42 KB Notice of Motion of GE, dated June 19, 2008.
42 KB Affidavit of Mark Ploski, dated June 19, 2008.
42 KB Notice of Motion for April 11, 2008 Sanction Hearing, dated April 8, 2008.
42 KB Pre-Hearing Brief of GE, dated April 1, 2008.
42 KB Pre-Hearing Brief of Atlantic Yarns, dated April 1, 2008.
42 KB Motion Record, dated April 1, 2008.
42 KB Notice of Motion of GE Canada Finance Holdings Company ("GE"), dated March 24, 2008.
42 KB Affidavit of Mark Ploski in support of GE Notice of Motion (with exhibits), sworn March 24, 2008.
42 KB Affidavit of Rao Palaparty, dated February 14, 2008.
42 KB Creditor Meeting Notice and Sanction Hearing Notice, dated February 21, 2008.
42 KB Notice of Motion of the Companies, dated February 13, 2008.
42 KB Notice of Motion for Jan. 31, 2008 Hearing, dated January 23, 2008.
42 KB Affidavit of Rao Palaparty for Jan. 31, 2008 Hearing, dated January 23, 2008.
42 KB Notice of Motion, dated December 13, 2007.
42 KB Affidavit of Robert Smith, dated December 13, 2007.
42 KB Affidavit of Rao Palaparty, dated December 12, 2007.
42 KB Pre-Hearing Brief, dated November 22, 2007.
42 KB Record on Motion for First Extension, filed November 15, 2007.
42 KB Notice of Motion, filed November 15, 2007.
42 KB Affidavit of Rao Palaparty, dated November 14, 2007.
42 KB Affidavit of Robert Smith, dated November 14, 2007.
42 KB Notice of Application, dated October 26, 2007.
42 KB Affidavit of Robert Smith, dated October 26, 2007.
42 KB Affidavit of Subbarao VR Palaparty, dated October 25, 2007.



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