Page last updated: August 13, 2019
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On March 22, 2019, Schendel Mechanical Contracting Ltd., Schendel Management Ltd., and 687772 Alberta Ltd. (collectively referred to as the "Companies") filed a Notice of Intention to Make a Proposal ("NOI") under subsection 50.4(1) of the Bankruptcy and Insolvency Act. Subsequently, on April 18, 2019, the NOI Companies applied for and received an Order extending the time to file a Proposal by 45 days.
On June 11, 2019, the Companies applied for and received an Order further extending the time to file a Proposal to July 11, 2019.
On July 10, 2019, the Companies filed a Proposal to their creditors.
On July 19, 2019, the Proposal was deemed to be refused by the creditors and the Companies were deemed bankrupt. In addition, a Receivership Order was granted upon application by ATB Financial. Grant Thornton LLP was named Trustee in Bankruptcy and PricewaterhouseCoopers Inc. was appointed Receiver of the Companies.
A copy of the Receivership Order can be accessed under the Court Orders tab of this website.
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