VOXTUR ANALYTICS CORP., APPRAISERS NOW LTD., iLOOKABOUT INC., MUNICIPAL TAX EQUITY CONSULTANTS INC., MTAG PARALEGAL PROFESSIONAL CORPORATION, MTE PARALEGAL PROFESSIONAL CORPORATION, VOXTUR ANALYTICS US CORP., BLUE WATER FINANCIAL TECHNOLOGIES HOLDING COMPANY, LLC, CLAROCITY INC., BLUE WATER FINANCIAL TECHNOLOGIES, LLC, BLUE WATER FINANCIAL TECHNOLOGIES SERVICES, LLC, APPRAISERS NOW US, LLC, iLOOKABOUT (US) INC., VOXTUR SETTLEMENT SERVICES, LLC, VOXTUR SETTLEMENT SERVICES OF ALABAMA, LLC, VOXTUR SETTLEMENT SERVICES OF ARKANSAS, LLC, VOXTUR TITLE AGENCY, LLC, LEGEND TITLE COMPANY, LLC, COMMONWEALTH USA SETTLEMENTS, LLC, VOXTUR TECHNOLOGIES US INC., ORANGE & BLUE HOLDINGS 3.0, LLC, ORANGE & BLUE HOLDINGS 4.0, LLC, ORANGE & BLUE HOLDINGS 5.0, LLC, VALUATION VISION, INC., AND VOXTUR VALUATION, LLC

CCAA

Page last updated: January 29, 2026

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 January 24, 2026

On January 24, 2026, the Monitor filed the Second Report with the Court to provide the Court with information concerning:

  1. The activities of the Applicants and the Monitor since the First Report;
  2. The Applicants’ actual cash flows for the 10‑week period ending January 16, 2026, as compared to the cash flow forecast, and the cash flow forecast prepared in connection with the requested extension of the Stay Period;
  3. The implementation and outcome of the SISP;
  4. The Monitor’s comments and recommendations in connection with the Applicants’ motion for the Approval and Reverse Vesting Order and the Ancillary Order;
  5. An update on the settlement agreement in respect of the Blue Water Dispute (as defined therein) in the United States; and
  6. An update on the Chapter 15 Proceedings.

Status of File as of January 23, 2026

On January 22, 2026, the Companies filed their motion for:

1. an order (the “Approval and Revers Vesting Order”), to among other things:

a. Approve the stalking horse subscription agreement (the “Stalking Horse Agreement”), dated November 13, 2025, among Voxtur and MTAG Paralegal as Vendors and Hale as Purchaser and the transaction contemplated therein;

b. Transfer and vest all of the Applicants’ rights, title and interest in and to the Purchased Shares and Retained Assets (each as defined in the Stalking Horse Agreement) in the Purchaser;

c. Transfer and vest all of the Applicants’ rights, title and interest in and to the Excluded Assets, Excluded Contracts and Excluded Liabilities (each as defined in the Stalking Horse Agreement) in 1001477530 Ontario Inc. (the “ResidualCo”); and

d. Add ResidualCo as an applicant in the CCAA Proceedings and, following closing, remove all of the Applicants as applicants to these CCAA proceedings; and

2. An order (the “Ancillary Order”), to among other things:

a. Approve the Qureshi Settlement (as defined herein);

b. Approve the Monitor’s Pre-Filing Report dated November 9, 2025, First report dated November 18, 2025, and Second Report, to be filed (the “Second Report” and the activities of the Monitor referred to therein;

c. Extend the Stay Period up to and including the earlier of (i) February 28, 2026, or (ii) the filing of the Termination Certificate (defined below);

d. Terminate these CCAA proceedings and discharge the Monitor (the “CCAA Termination Time”) upon the filing of a certificate of the Monitor (the “Termination Certificate”);

e. Approve the fees and disbursements of the Monitor and its counsel.

The motion will be heard on January 28, 2026.

Status of File as of November 21, 2025

On November 20, 2025, the Court issued the following orders:

1. The ARIO which, among other things:

a. Extended the Stay Period to January 30, 2025;

b. Approved an increase to the DIP Facility and the DIP Lender’s Charge to USD 2,350,000;

c. Approved an increase to the Administration Charge to USD 450,000;

d. Approved an increase to the Directors’ Charge to USD 620,000; and

2. The SISP Order which, among other things:

a. Approved the SISP in the form as attached in Appendix D to the First Report of the Monitor;

b. Approved the Stalking Horse Purchaser Agreement between the Voxtur Analytics Corp. (“Voxtur”) and MTAG Paralegal Professional Corporation (“MTAG Paralegal”), as Vendors and Hale as Stalking Horse Purchaser; and

c. Authorized the Applicants to implement the SISP with the assistance of the Monitor.

Status of File as of November 19, 2025

The Zoom link for the Comeback Hearing scheduled for November 20, 2025 at 10 am (Toronto time) is:
https://ca01web.zoom.us/j/64683302309?pwd=hk4renYSbUXbUn41tPpZqSX8FIZNTl.1

Status of File as of November 18, 2025

On November 18, 2025, the Monitor filed its First Report with the Court (the “First Report”) to provide the Court with the information with respect to:

  1. The activities of the Companies and the Monitor since the Filing Date;
  2. The Monitor’s views on the relief sought by the Applicants in connection with the ARIO; and
  3. The Monitor’s views on relief sought by the Companies in connection with the SISP Order.

Status of File as of November 14, 2025

On November 14, 2025, pursuant to the Initial Order and the CCAA, the Monitor issued notices to each known creditor of the Companies with claims of $1,000 and more.

On November 13, 2025, the Applicants filed their motion with the Court for:

  1. An Amended and Restated Initial Order (the “ARIO”) to, among other things:
    1. Extend the Stay Period to January 30, 2025;
    2. Approve an increase to the DIP Facility and the DIP Lender’s Charge to USD 2,350,000;
    3. Approve an increase to the Administration Charge to USD 450,000;
    4. Approve an increase to the Directors’ Charge to USD 620,000; and
  2. An order (the “SISP Order”) to, among other things:
    1. Approve a sale and investment solicitation process (the “SISP”);
    2. Authorize the Applicants to implement the SISP with the assistance of the Monitor; and
    3. Approve an agreement (the “Stalking Horse Purchaser Agreement”) between the Voxture Analystics Corp. and MTAG Paralegal Professional Corporation and Hale (in such capacity as the “Stalking Horse Purchaser”) for the sole purpose of acting as the stalking horse bid in the SISP.

The motion will be heard on November 20, 2025. 

Status of File as of November 10, 2025

On November 10, 2025, (the “Filing Date”), VOXTUR ANALYTICS CORP. (“Voxtur”), APPRAISERS NOW LTD., iLOOKABOUT INC., MUNICIPAL TAX EQUITY CONSULTANTS INC., MTAG PARALEGAL PROFESSIONAL CORPORATION, MTE PARALEGAL PROFESSIONAL CORPORATION, VOXTUR ANALYTICS US CORP., BLUE WATER FINANCIAL TECHNOLOGIES HOLDING COMPANY, LLC, CLAROCITY INC., BLUE WATER FINANCIAL TECHNOLOGIES, LLC, BLUE WATER FINANCIAL TECHNOLOGIES SERVICES, LLC, APPRAISERS NOW US, LLC, iLOOKABOUT (US) INC., VOXTUR SETTLEMENT SERVICES, LLC, VOXTUR SETTLEMENT SERVICES OF ALABAMA, LLC, VOXTUR SETTLEMENT SERVICES OF ARKANSAS, LLC, VOXTUR TITLE AGENCY, LLC, LEGEND TITLE COMPANY, LLC, and COMMONWEALTH USA SETTLEMENTS, LLC, VOXTUR TECHNOLOGIES US INC., ORANGE & BLUE HOLDINGS 3.0, LLC, ORANGE & BLUE HOLDINGS 4.0, LLC, ORANGE & BLUE HOLDINGS 5.0, LLC, VALUATION VISION, INC., and VOXTUR VALUATION, LLC (collectively, the “Applicants” or the “Companies”) applied for and received an order (the “Initial Order”) for protection pursuant to the Companies’ Creditors Arrangement Act, R.S.C.1985, c.C-36, as amended (“CCAA Proceedings”) from the Ontario Superior Court of Justice Commercial List (the “Court”).

The Initial Order, among other things:

  1. Appointed PricewaterhouseCoopers Inc., LIT (“PwC”) as monitor of the Companies (the “Monitor”);
  2. Approved a stay of proceedings up to and including November 20, 2025 (“Stay Period”), which applies against the Companies, the Monitor, or any of their respective employees and representatives, any of the former, current or future directors or officers of the Companies and their Property or Business (as defined in the Initial Order);
  3. Authorized the Applicants to continue utilizing their existing central cash management system as described in the affidavit of Gary Yeoman, sworn November 8, 2025 (the “Yeoman Affidavit”) or replace it with another substantially similar central cash management system (the “Cash Management System”) with consent from the Monitor and the DIP Lender (as defined below);
  4. Authorized Voxtur to act as the foreign representative (the “Foreign Representative”) in respect of the CCAA Proceedings, for the purpose of having the CCAA Proceedings recognized in the United States pursuant to Chapter 15 of Title 11 of the United States Code;
  5. Granted a first ranking charge, in the amount of USD 280,000 (the “Administration Charge”), on the Property of the Companies, as security for the professional fees and disbursements of the Monitor, the Monitor’s counsel in Canada and the United States and the Companies’ counsel in Canada and the United States, which charge shall rank in priority to all other security interests, trusts, liens, charges and encumbrances, claims of secured creditors, statutory or otherwise;
  6. Authorized the Companies to borrow under a credit facility from HCP-FVY, LLC and HCP Fund V-FVY, LLC (the “DIP Lender”) in order to finance the Companies’ working capital requirements and other general corporate purposes and capital expenditures, provided that borrowings under such credit facility shall not exceed USD 430,000 (the “DIP Facility”), unless permitted by further order of this Court; and
  7. Granted a second ranking charge in favour of the DIP Lender over the Property of the Companies to a maximum amount of USD 430,000, as security for the DIP Facility (the “DIP Lender’s Charge”); and
  8. Granted a third ranking charge, in the amount of USD 390,000 (the “Directors’ Charge”), on the Property of the Companies, as security for the indemnity granted to the Companies’ directors and officers, which charge shall rank in priority to all other security interests, trusts, liens, charges and encumbrances, claims of secured creditors, statutory or otherwise.

In accordance with section 23(1)(ii)(b) of the CCAA and the Initial Order, a notice will be sent to all known creditors of the Companies who are owed $1,000 or more.

The Companies intend to return to the Court on November 20, 2025 (the “Comeback Hearing”), to seek the Court approval of an Amended and Restated Initial Order (the “ARIO”) and the SISP Approval Order.

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Tammy Muradova

Manager, PwC Canada

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