Engagement Status Updates
On May 29, 2026 (the “NOI Filing Date“), Igne Ferro Inc. (“Igne Ferro“) filed a Notice of Intention to Make a Proposal (“NOI“) under subsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) and Baigel Corp. (“Baigel“), a Licensed Insolvency Trustee, consented to act as trustee under the proposal proceedings (the “Proposal Trustee“). The Estate Number for Igne Ferro’s NOI proceeding is 31-3380260.
Pursuant to s. 69(1) of the BIA, the NOI filing provides for a stay of proceedings against Igne Ferro and its property, subject to certain limitations, while Igne Ferro formulates a restructuring plan and attempts to develop a viable proposal for its creditors. Creditors have no remedy against Igne Ferro’s property and must not commence or continue all collection actions against Igne Ferro in respect of any debts owed as of the NOI Filing Date, unless an exception has been provided for in law, or a court of competent jurisdiction orders otherwise.
Creditor/Stakeholder Inquiries
Enquiries from creditors and/or stakeholders may be directed to the Proposal Trustee’s office by contacting:
Deborah Taras
Email: Taras@baigel.ca
Tel: +1 (416) 224-4350 ext. 221
Proposal (NOI) Notices
- Certificate of Filing of a Notice of Intention to Make a Proposal – 29 May 2026