1876804 Ontario Inc. operating as the Concept Lighting Group (the “Company“) filed an Notice of Intention to Make a Proposal on April 7, 2019. Baigel Corp., Licensed Insolvency Trustee (“Trustee“) consented to act in the matter of the Proposal that will be made to creditors. The notice and the associated documents linked below are provided for information purposes to stakeholders and do not constitute advice.
Pursuant to the provisions of Section 69(1) of the Bankruptcy and Insolvency Act (the “BIA”), creditors have no remedy against the Company’s property and must not commence or continue all collection actions against the Company, unless an exception has been provided for in law, or a court of competent jurisdiction orders otherwise.
On May 3, 2019, the Company obtained a 45 day extension of time to file a Proposal to its creditors from the Superior Court of Justice, Ontario.
On June 19, 2019, the Company obtained a further 45 day extension of time to file a Proposal to its creditors from the Superior Court of Justice, Ontario. In addition, the Court approved the sale of the Company’s store in Burlington, Ontario.
The Company has lodged a Proposal with the Trustee and this was filed with the Office of the Superintendent of Bankruptcy on August 1, 2019. A meeting of creditors to consider the Proposal has been called for August 21, 2019 at 11.00 a.m. and will be held at the offices of the Trustee at
4711 Yonge Street, Suite 1000
Toronto, ON, M2N 6K8
The following documents are available below:
- Proposal dated July 31, 2019;
- Report of the Trustee on the Financial Position of the Company and on the
- Statement of the Company’s Assets and Liabilities;
- Proof of Claim
- Voting Letter.
The meeting of creditors to consider the Proposal was held on August 21, 2019 and the creditors approved the Proposal. The Trustee has made an application to Court for a hearing to approve the Proposal.
Please click on the links below for access to the relevant documents.