Le Château Inc. and Château Stores Inc.

CCAA

Page last updated: November 3, 2020

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 November 2, 2020 

Following the motion as amended on October 30, 2020, filed by Le Château Inc. and Château Stores Inc. (the "Debtors") pursuant to the Companies' Creditors Arrangement Act (Canada) (the "CCAA"), the Superior Court of Québec granted the motion and issued on November 2, 2020, the following orders:

  • an amended and restated Initial Order, which provides, among other things for a stay of all proceedings until January 15, 2021 inclusively;
  • a liquidation order pursuant to the CCAA authorizing the Debtors to proceed with the sale of their assets and the winding down of their operations.

We refer you to the orders dated November 2, 2020 for further details.

Status of file as of October 23, 2020 

Le Château Inc. and Château Stores Inc. filed a petition under the Companies’ Creditors Arrangement Act (“CCAA”). The Superior Court of Québec granted the petition and issued an Initial Order pursuant to the CCAA on October 23, 2020. The Debtors are now under the protection of the CCAA and the Initial Order provides for an initial stay of all proceedings until November 2, 2020 inclusively and appoints PricewaterhouseCoopers Inc. as monitor of the business and financial affairs of the Debtors. 

We refer you to the order dated October 23, 2020 for more information.

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Maxime Landry

Senior Associate, PwC Canada

Tel: +1 888 222 1194

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