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.
On June 7, 2012, PCAS Patient Care Automation Services Inc.(“PCAS”), 2163279 Ontario Inc., PharmaTrust Corp. and PharmaTrust MedServices Inc. (collectively the “Companies”) each filed an assignment into bankruptcy for the general benefit of creditors and PricewaterhouseCoopers Inc. was appointed as trustee in bankruptcy of the Companies (the “Trustee”).
Notice of the bankruptcy and the first meeting of creditors and materials relating to the bankruptcy proceedings were mailed by the Trustee to all known creditors of the Companies, pursuant to the provisions of the Bankruptcy and Insolvency Act on June 13, 2012.
The first meeting of creditors for each Company was held at the Holiday Inn Hotel, 590 Argus Road, Oakville, Ontario, on June 26, 2012, at the following times:
|PCAS Patient Care Automation Services Inc.||9:15 a.m.|
|2163279 Ontario Inc.||10:00 a.m.|
|PharmaTrust MedServices Inc.||10:30 a.m.|
|PharmaTrust Corp.||11:00 a.m.|
The Promissory Notes received on the sale, pursuant to the APA and held by the Trustee matured on June 6, 2015, and the Trustee will be progressing with claim evaluation and the wind up of the bankruptcy, at which time a dividend will be released to all unsecured creditors with proven claims. All proven creditors will receive a notice from the Trustee.
On November 1, 2012, the Trustee filed its Second Report to Court to provide the court with information relating to a motion by DashRX LLC. A copy of the Report is located in the Trustee’s Reports tab.
In accordance with paragraph 21 of the Wage Earner Protection Program Act (“WEPPA”), the Trustee is required to advise all former employees of PCAS of the existence of the Wage Earner protection Program (the “Program”) enacted by WEPPA.
Under WEPPA, the Trustee has 45 days from the date of the bankruptcy to notify the employees. The Trustee has requested and received an extension of time for filing the employee information forms until September 17, 2012. This extension is required to allow for legal counsel to determine certain matters regarding the outstanding vacation pay as at the date of bankruptcy.
For employees that were owed termination only at the date of bankruptcy, information regarding the Program was mailed on August 13, 2012.
Further information will be posted as it becomes available.