CCAA Filing Information
Page last updated: October 19, 2007
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 of October 18, 2007:
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The Court of Queens Bench approved the stay extension to November 30, 2007, at which time the Monitor will be discharged. |
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[Oct 4, 2007] Stay of proceedings will expire on October 19, 2007 at which time the Monitor will be discharged. Following payment of outstanding priority payables there will be no remaining assets and therefore no payment or recovery for any other creditor or shareholder of Shift. |
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[Aug 29, 2007] The Court of Queens Bench approved the stay extension to October 1, 2007, approved an increase in the DIP facility and approved a sales process. See the relevant Orders below for more details. |
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[Jun 9, 2007] On June 7, 2007, the Court of Queen's Bench of Alberta approved the Claims Process as set out in the Filed Claims Procedure Order, a copy of which is available below on this Web site. This process has a CLAIMS BAR DATE OF 5 PM CALGARY TIME ON JULY 31, 2007.
The Court of Queen's Bench of Alberta granted an Extension Order on June 8, 2007, extending protection for Shift Networks Inc. under the Companies' Creditors Arrangement Act ("CCAA"), A further stay or proceedings was granted until September 7, 2007. PricewaterhouseCoopers Inc. was named as Monitor in the Order. A copy of the Extension Order is available below on this Web site. |
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[May 9, 2007] The Court of Queen's Bench of Alberta granted an Order on May 8, 2007, providing protection for Shift Networks Inc. under the Companies' Creditors Arrangement Act ("CCAA"). A stay of proceedings was granted until June 7, 2007. PricewaterhouseCoopers Inc. was named as Monitor in the Order. A copy of the Order is available below on this Web site. |
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This Web site will be updated as information becomes available.
Sale of Assets - BID CLOSE DATE IS SEPTEMBER 24, 2007 at 10:00 AM CALGARY TIME
Claims Procedures: CLAIMS BAR DATE 5:00 PM CALGARY TIME ON JULY 31, 2007
Court Orders and Related Documents:
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Stay Extension to November 30, 2007, dated October 18, 2007 |
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Stay Extension Order to October 19, 2007, dated October 1, 2007 |
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Order Approving Bid Process, dated August 29, 2007 |
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Order Amending Initial Order, dated August 29, 2007 |
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Stay Extension Order, dated August 29, 2007 |
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Approval and Vesting Order, dated August 29, 2007 |
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Order Amending Initial Order, dated June 7, 2007 |
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Order, dated June 7, 2007 |
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Stay Extension Order, dated June 7, 2007 |
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Notice to Creditors, dated May 15, 2007 |
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Initial Order, dated May 8, 2007 |
Monitor's Reports:
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Monitor's Seventh Report to Court, dated October 16, 2007 |
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Monitor's Sixth Report to Court, dated October 4, 2007 |
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Monitor's Fifth Report to Court, dated September 28, 2007 |
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Monitor's Fourth Report to Court, dated September 24, 2007 |
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Monitor's Third Report to Court, dated August 28, 2007 |
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Monitor's Second Report to Court, dated July 18, 2007 |
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Monitor's First Report to Court, dated June 6, 2007 |
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